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Manpower Employment Outlook Survey UK Q3 2015

2015 Q3 - ManpowerGroup · SMART JOB NO: 10058 QuARTeR 3 2015 CLIeNT: MANpOweR SuBJeCT: MeOS Q315 – uK – fOuR COLOuR – A4 SIZe: A4 DOC NAMe: 10058_uK_4COL_A4_fORpDf_Q315 pAGe:

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Page 1: 2015 Q3 - ManpowerGroup · SMART JOB NO: 10058 QuARTeR 3 2015 CLIeNT: MANpOweR SuBJeCT: MeOS Q315 – uK – fOuR COLOuR – A4 SIZe: A4 DOC NAMe: 10058_uK_4COL_A4_fORpDf_Q315 pAGe:

SMARTJOBNO: 10058 QuARTeR32015

CLIeNT: MANpOweR

SuBJeCT: MeOSQ315–uK–fOuRCOLOuR–A4

SIZe: A4

DOCNAMe: 10058_uK_4COL_A4_fORpDf_Q315 pAGe: 1

ARTwORKSIZe: 297mmx210mm DATe:02.06.15

87ChARTeRhOuSeSTReeT•LONDONeC1M6hJ•TeL+44(0)2075534744

ManpoweremploymentOutlookSurveyuK

Q3 2015

Page 2: 2015 Q3 - ManpowerGroup · SMART JOB NO: 10058 QuARTeR 3 2015 CLIeNT: MANpOweR SuBJeCT: MeOS Q315 – uK – fOuR COLOuR – A4 SIZe: A4 DOC NAMe: 10058_uK_4COL_A4_fORpDf_Q315 pAGe:

SMARTJOBNO: 10058 QuARTeR32015

CLIeNT: MANpOweR

SuBJeCT: MeOSQ315–uK–fOuRCOLOuR–A4

SIZe: A4

DOCNAMe: 10058_uK_4COL_A4_fORpDf_Q315 pAGe: 2

ARTwORKSIZe: 297mmx210mm DATe:02.06.15

87ChARTeRhOuSeSTReeT•LONDONeC1M6hJ•TeL+44(0)2075534744

The Manpower Employment Outlook Survey for the third quarter 2015 was conducted by interviewing a representative sample of 2,100 employers in the UK.

All survey participants were asked, “How do you anticipate total employment at your location to change in the three months to the end of September 2015 as compared to the current quarter?”

Contents

uKemploymentOutlook 1Organisation-Size ComparisonsRegional Comparisons Sector Comparisons

GlobalemploymentOutlook 15International Comparisons – EMEAInternational Comparisons – AmericasInternational Comparisons – Asia & Pacific

AbouttheSurvey 31

AboutManpowerGroupTM 32uni

ted

Kin

gd

om

em

plo

ymen

tO

utlo

ok

Page 3: 2015 Q3 - ManpowerGroup · SMART JOB NO: 10058 QuARTeR 3 2015 CLIeNT: MANpOweR SuBJeCT: MeOS Q315 – uK – fOuR COLOuR – A4 SIZe: A4 DOC NAMe: 10058_uK_4COL_A4_fORpDf_Q315 pAGe:

Manpower Employment Outlook Survey 1

SMARTJOBNO: 10058 QuARTeR32015

CLIeNT: MANpOweR

SuBJeCT: MeOSQ315–uK–fOuRCOLOuR–A4

SIZe: A4

DOCNAMe: 10058_uK_4COL_A4_fORpDf_Q315 pAGe: 1

ARTwORKSIZe: 297mmx210mm DATe:02.06.15

87ChARTeRhOuSeSTReeT•LONDONeC1M6hJ•TeL+44(0)2075534744

Increase Decrease No Change Don’t Know Net EmploymentOutlook

SeasonallyAdjusted

% % % % % %

July-Sep 2014 12 3 83 2 9 7

Oct-Dec 2014 11 4 83 2 7 6

Jan-Mar 2015 9 5 84 2 4 6

Apr-June 2015 8 2 88 2 6 6

July-Sep 2015 10 2 86 2 8 6

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 ’14 ’15

50

40

30

20

10

0

-10

-20

uKemploymentOutlook

UK employers report encouraging signs for job seekers in the coming quarter. With 10% of employers forecasting an increase in staffing levels, 2% anticipating a decrease and 86% expecting no change, the resulting Net Employment Outlook is +8%.

Once the data is adjusted to allow for seasonal variation, the Outlook stands at +6% for the fourth consecutive quarter. Hiring prospects are unchanged quarter-over-quarter and remain relatively stable year-over-year.

Throughout this report, we use the term “Net Employment Outlook”. This figure is derived by taking the percentage of employers anticipating total employment to increase and subtracting from this the percentage expecting to see a decrease in employment at their location in the next quarter. The result of this calculation is the Net Employment Outlook.

From this point forward, all data discussed in the commentary is seasonally adjusted, unless stated otherwise.

Page 4: 2015 Q3 - ManpowerGroup · SMART JOB NO: 10058 QuARTeR 3 2015 CLIeNT: MANpOweR SuBJeCT: MeOS Q315 – uK – fOuR COLOuR – A4 SIZe: A4 DOC NAMe: 10058_uK_4COL_A4_fORpDf_Q315 pAGe:

2 Manpower Employment Outlook Survey

SMARTJOBNO: 10058 QuARTeR32015

CLIeNT: MANpOweR

SuBJeCT: MeOSQ315–uK–fOuRCOLOuR–A4

SIZe: A4

DOCNAMe: 10058_uK_4COL_A4_fORpDf_Q315 pAGe: 2

ARTwORKSIZe: 297mmx210mm DATe:02.06.15

87ChARTeRhOuSeSTReeT•LONDONeC1M6hJ•TeL+44(0)2075534744

Participating employers are categorised into one of four organisation sizes: Micro businesses have fewer than 10 employees; Small businesses have 10-49 employees; Medium businesses have 50-199 employees; and Large businesses have 200 or more employees.

Employers forecast payroll gains in all four organisation size categories during the July-September period. The strongest labour market is expected by Large employers who report a Net Employment Outlook of +19%. Elsewhere, Outlooks stand at +11% and +8% in the Medium- and Small-size categories, respectively, while the Outlook for Micro employers is +4%.

Organisation-SizeComparisonsQuarter-over-quarter, the Outlook for Large organisations is three percentage points stronger but Small employers report a decline of two percentage points. Elsewhere, hiring plans are unchanged.

When compared with Quarter 3 2014, employers in both the Small- and Medium-size categories report weaker hiring intentions, with Outlooks declining by seven and five percentage points, respectively. Meanwhile, Micro firms report an improvement of two percentage points.

IncreaseOrganisation-Size Decrease No Change Don’t Know Net EmploymentOutlook

SeasonallyAdjusted

% % % % % %

Large-Size 200 or more 26 6 66 2 20 19

Medium-Size 50-199 14 2 76 8 12 11

Small-Size 10-49 11 1 85 3 10 8

Micro-Size fewer than 10 8 2 88 2 6 4

Micro-Size fewer than 10Micro-Size fewer than 10

Graph displays Seasonally Adjusted DataGraph displays Seasonally Adjusted Data

Small-Size 10-49Small-Size 10-49 Medium-Size 50-199Medium-Size 50-199 Large-Size 200 or moreLarge-Size 200 or more

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015-10

0

10

20

30

40

50

Page 5: 2015 Q3 - ManpowerGroup · SMART JOB NO: 10058 QuARTeR 3 2015 CLIeNT: MANpOweR SuBJeCT: MeOS Q315 – uK – fOuR COLOuR – A4 SIZe: A4 DOC NAMe: 10058_uK_4COL_A4_fORpDf_Q315 pAGe:

Manpower Employment Outlook Survey 3

SMARTJOBNO: 10058 QuARTeR32015

CLIeNT: MANpOweR

SuBJeCT: MeOSQ315–uK–fOuRCOLOuR–A4

SIZe: A4

DOCNAMe: 10058_uK_4COL_A4_fORpDf_Q315 pAGe: 3

ARTwORKSIZe: 297mmx210mm DATe:02.06.15

87ChARTeRhOuSeSTReeT•LONDONeC1M6hJ•TeL+44(0)2075534744

Employers in 11 of the 12 regions expect to increase staffing levels during the July-September period. The strongest hiring pace is anticipated by employers in the North East who report a Net Employment Outlook of +10%. Employers in three regions report cautiously optimistic Outlooks of +9% – the East Midlands, London and the South West, while the Outlook stands at +8% in Wales. Meanwhile, the weakest hiring plans are reported in Scotland with an Outlook of 0%.

Hiring intentions strengthen in six of the 12 regions when compared with the previous quarter. The most noteworthy improvement of eight percentage points is reported in the North East, while Outlooks are two percentage points stronger in London, the South West and Scotland. However, hiring prospects weaken in

East

East Midlands

London

North WestNorth East

Northern Ireland

Scotland

South East

South West

DecreaseQ3 2015 Q3 2015 Q2 2015 Q3 2014

Qtr on QtrChangeQ2 2015

to Q3 2015

Yr on YrChangeQ3 2014

to Q3 2015IncreaseQ3 2015

%

11

12

9

99

8

6

7

15

%

0

1

0

02

5

2

0

0

%

11 (9)111 (7)1

9 (9)1

9 (10)1

7 (7)1

3 (2)1

4 (0)1

7 (4)1

15 (9)1

%

8 (10)18 (8)1

6 (7)1

4 (2)1

13 (12)1

-1 (1)1

3 (-2)1

8 (7)1

6 (7)1

%

20 (13)115 (11)1

1 (1)1

6 (6)1

7 (7)1

-3 (-5)1

12 (8)1

13 (10)1

20 (14)1

%

3 (-1)13 (-1)1

3 (2)1

5 (8)1

-6 (-5)1

4 (1)1

1 (2)1

-1 (-3)1

9 (2)1

%

-9 (-4)1-4 (-4)1

8 (8)1

3 (4)1

0 (0)1

6 (7)1

-8 (-8)1

-6 (-6)1

-5 (-5)1

Wales 16 6 10 (8)1 9 (7)1 5 (3)1 1 (1)1 5 (5)1

West Midlands 9 3 6 (5)1 13 (12)1 11 (10)1 -7 (-7)1 -5 (-5)1

Yorkshire & Humberside 6 6 0 (3)1 4 (4)1 5 (8)1 -4 (-1)1 -5 (-5)1

1. Number in parentheses is the Net Employment Outlook when adjusted to remove seasonal variations.

RegionalSummarysix regions, most notably by seven and five percentage points in the West Midlands and the North West, respectively.

Year-over-year, Outlooks decline in seven of the 12 regions. Scottish employers report the most notable decline of eight percentage points while a decrease of six percentage points is reported in the South East. Hiring prospects are five percentage points weaker in three regions – the South West, the West Midlands and Yorkshire & Humberside. Elsewhere, hiring intentions improve in four regions. London employers report an improvement of eight percentage points while increases of seven and five percentage points are reported in Northern Ireland and Wales, respectively.

Page 6: 2015 Q3 - ManpowerGroup · SMART JOB NO: 10058 QuARTeR 3 2015 CLIeNT: MANpOweR SuBJeCT: MeOS Q315 – uK – fOuR COLOuR – A4 SIZe: A4 DOC NAMe: 10058_uK_4COL_A4_fORpDf_Q315 pAGe:

4 Manpower Employment Outlook Survey

SMARTJOBNO: 10058 QuARTeR32015

CLIeNT: MANpOweR

SuBJeCT: MeOSQ315–uK–fOuRCOLOuR–A4

SIZe: A4

DOCNAMe: 10058_uK_4COL_A4_fORpDf_Q315 pAGe: 4

ARTwORKSIZe: 297mmx210mm DATe:02.06.15

87ChARTeRhOuSeSTReeT•LONDONeC1M6hJ•TeL+44(0)2075534744

Job growth is forecast for all nine industry sectors in Quarter 3 2015. Mining sector employers report the strongest Net Employment Outlook of +9%. Elsewhere, Outlooks of +7% are reported in the Agriculture sector, the Construction sector and the Manufacturing sector. Meanwhile, the most cautious Outlooks of +3% and +2% are reported by employers in the Hotels & Retail sector and the Transport & Communication sector, respectively.

Quarter-over-quarter, employers report weaker hiring plans in five of the nine industry sectors, most notably in the Utilities sector where the Outlook declines by 11 percentage points. However, Outlooks strengthen

Agriculture

Community & Social

Construction

Hotels & Retail

Finance & Business Services

Manufacturing

Mining

Transport & Communications

Utilities

DecreaseQ3 2015 Q3 2015 Q2 2015 Q3 2014

Qtr on QtrChangeQ2 2015

to Q3 2015

Yr on YrChangeQ3 2014

to Q3 2015IncreaseQ3 2015

%

12

11

7

9

10

9

12

4

8

%

3

1

0

1

3

2

2

4

5

%

9 (6)110 (7)1

7 (7)1

8 (6)1

7 (3)1

7 (7)1

10 (9)1

0 (2)1

3 (6)1

%

6 (5)12 (-2)1

7 (6)1

7 (7)1

5 (5)1

11 (9)1

11 (8)1

8 (4)1

18 (17)1

%

5 (3)19 (6)1

1 (1)1

14 (12)1

10 (7)1

4 (5)1

14 (10)1

6 (6)1

12 (15)1

%

3 (1)18 (9)1

0 (1)1

1 (-1)1

2 (-2)1

-4 (-2)1

-1 (1)1

-8 (-2)1

-15 (-11)1

%

4 (3)11 (1)1

6 (6)1

-6 (-6)1

-3 (-4)1

3 (2)1

-4 (-1)1

-6 (-4)1

-9 (-9)1

1. Number in parentheses is the Net Employment Outlook when adjusted to remove seasonal variations.

SectorSummaryin four sectors, including the Agriculture sector where employers report an increase of nine percentage points.

When compared with Quarter 3 2014, hiring intentions are weaker in five of the nine industry sectors. A considerable decline of nine percentage points is reported by Utilities sector employers, while the Outlook declines by six percentage points in the Finance & Business Services sector. Elsewhere, employers report improved hiring prospects in four sectors, most notably with an increase of six percentage points in the Construction sector.

Page 7: 2015 Q3 - ManpowerGroup · SMART JOB NO: 10058 QuARTeR 3 2015 CLIeNT: MANpOweR SuBJeCT: MeOS Q315 – uK – fOuR COLOuR – A4 SIZe: A4 DOC NAMe: 10058_uK_4COL_A4_fORpDf_Q315 pAGe:

Manpower Employment Outlook Survey 5

SMARTJOBNO: 10058 QuARTeR32015

CLIeNT: MANpOweR

SuBJeCT: MeOSQ315–uK–fOuRCOLOuR–A4

SIZe: A4

DOCNAMe: 10058_uK_4COL_A4_fORpDf_Q315 pAGe: 5

ARTwORKSIZe: 297mmx210mm DATe:02.06.15

87ChARTeRhOuSeSTReeT•LONDONeC1M6hJ•TeL+44(0)2075534744

Employers forecast workforce gains in 11 of the 12 regions during Quarter 3 2015. The strongest hiring intentions are reported in the North East where the Net Employment Outlook stands at +10%. Cautiously optimistic hiring plans are reported in three regions with Outlooks of +9% – the East Midlands, London and the South West – while the Outlook for Wales stands at +8%. Some payroll growth is also expected in both the North West and the East, with Outlooks of +7%. Meanwhile, employers in Scotland report flat hiring prospects with an Outlook of 0%.

When compared with the previous quarter, employers report stronger Outlooks in six of the 12 regions. The most noteworthy improvement of eight percentage points is reported in the North East. Elsewhere, hiring intentions strengthen by two percentage points in three regions – London, the South West and Scotland. However, hiring prospects weaken in six regions.

0 205 10 15

East

East Midlands

London

National Average

North East

North West

Northern Ireland

Scotland

South East

South West

Wales

West Midlands

Yorkshire & Humberside

7 11

9 11

9 9

6 8

10 9

7 7

2 3

0 4

4 7

9 15

8 10

5 6

3 0

Net Employment OutlookNet Employment Outlook Seasonally Adjusted OutlookSeasonally Adjusted Outlook

RegionalComparisonsThe most noteworthy declines of seven and five percentage points are reported in the West Midlands and the North West, respectively, while South East employers report a decrease of three percentage points.

Year-over-year, employers in seven of the 12 regions report declining Outlooks. The most noteworthy decrease of eight percentage points is reported in Scotland while the Outlook for the South East declines by six percentage points. Hiring prospects are five percentage points weaker in three regions – the South West, the West Midlands and Yorkshire & Humberside – and decline by four percentage points in both the East and the East Midlands. Meanwhile, hiring intentions improve in four regions. The London Outlook is eight percentage points stronger, while increases of seven and five percentage points are reported in Northern Ireland and Wales, respectively.

Page 8: 2015 Q3 - ManpowerGroup · SMART JOB NO: 10058 QuARTeR 3 2015 CLIeNT: MANpOweR SuBJeCT: MeOS Q315 – uK – fOuR COLOuR – A4 SIZe: A4 DOC NAMe: 10058_uK_4COL_A4_fORpDf_Q315 pAGe:

6 Manpower Employment Outlook Survey

SMARTJOBNO: 10058 QuARTeR32015

CLIeNT: MANpOweR

SuBJeCT: MeOSQ315–uK–fOuRCOLOuR–A4

SIZe: A4

DOCNAMe: 10058_uK_4COL_A4_fORpDf_Q315 pAGe: 6

ARTwORKSIZe: 297mmx210mm DATe:02.06.15

87ChARTeRhOuSeSTReeT•LONDONeC1M6hJ•TeL+44(0)2075534744

EastEmployers forecast some payroll gains in the July-September time frame, reporting a Net Employment Outlook of +7%. Hiring prospects remain relatively stable when compared with the previous quarter but decline by four percentage points year-over-year.

East MidlandsReporting a Net Employment Outlook of +9%, employers anticipate a fair hiring climate in the coming quarter. The Outlook remains relatively stable quarter-over-quarter but is four percentage points weaker year-over-year.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

50

40

30

20

10

0

-10

-20

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

50

40

30

20

10

0

-10

-20

+11(+7)%

+11(+9)%

+9(+9)% LondonThe strongest labour market since Quarter 3 2013 is expected in the next three months, with employers reporting a Net Employment Outlook of +9%. Hiring intentions improve by two percentage points quarter-over-quarter and are eight percentage points stronger when compared with Quarter 3 2014.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

50

40

30

20

10

0

-10

-20

Page 9: 2015 Q3 - ManpowerGroup · SMART JOB NO: 10058 QuARTeR 3 2015 CLIeNT: MANpOweR SuBJeCT: MeOS Q315 – uK – fOuR COLOuR – A4 SIZe: A4 DOC NAMe: 10058_uK_4COL_A4_fORpDf_Q315 pAGe:

Manpower Employment Outlook Survey 7

SMARTJOBNO: 10058 QuARTeR32015

CLIeNT: MANpOweR

SuBJeCT: MeOSQ315–uK–fOuRCOLOuR–A4

SIZe: A4

DOCNAMe: 10058_uK_4COL_A4_fORpDf_Q315 pAGe: 7

ARTwORKSIZe: 297mmx210mm DATe:02.06.15

87ChARTeRhOuSeSTReeT•LONDONeC1M6hJ•TeL+44(0)2075534744

+9(+10)% North EastJob seekers can expect to benefit from cautiously optimistic hiring activity in Quarter 3 2015, according to employers who report a Net Employment Outlook of +10%. The Outlook improves by eight and four percentage points quarter-over-quarter and year-over-year, respectively.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

50

40

30

20

10

0

-10

-20

North WestWith a Net Employment Outlook of +7%, employers forecast moderate payroll growth during the next three months. However, hiring prospects decline by five percentage points when compared with the previous quarter. Year-over-year, the Outlook is unchanged.

Northern IrelandWith a Net Employment Outlook of +2%, employers anticipate slow-paced hiring activity in the July-September time frame. Hiring prospects remain relatively stable quarter-over-quarter and improve by seven percentage points year-over-year.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

40

30

20

10

0

-10

-20

-30

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Northern Ireland joined the survey in Q2 2003 No bar indicates Net Employment Outlook of zero1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

50

40

30

20

10

0

-10

-20

+7(+7)%

+3(+2)%

Page 10: 2015 Q3 - ManpowerGroup · SMART JOB NO: 10058 QuARTeR 3 2015 CLIeNT: MANpOweR SuBJeCT: MeOS Q315 – uK – fOuR COLOuR – A4 SIZe: A4 DOC NAMe: 10058_uK_4COL_A4_fORpDf_Q315 pAGe:

8 Manpower Employment Outlook Survey

SMARTJOBNO: 10058 QuARTeR32015

CLIeNT: MANpOweR

SuBJeCT: MeOSQ315–uK–fOuRCOLOuR–A4

SIZe: A4

DOCNAMe: 10058_uK_4COL_A4_fORpDf_Q315 pAGe: 8

ARTwORKSIZe: 297mmx210mm DATe:02.06.15

87ChARTeRhOuSeSTReeT•LONDONeC1M6hJ•TeL+44(0)2075534744

ScotlandFlat hiring activity is forecast for the next three months with employers reporting a Net Employment Outlook of 0%. Hiring prospects are two percentage points stronger when compared with the previous quarter but decline by eight percentage points year-over-year.

South EastEmployers anticipate the weakest hiring pace since Quarter 3 2013 in the upcoming quarter, reporting a Net Employment Outlook of +4%. Hiring intentions decline by three percentage points quarter-over-quarter and are six percentage points weaker year-over-year.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Scotland joined the survey in Q2 2002 No bar indicates Net Employment Outlook of zero1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

50

40

30

20

10

0

-10

-20

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

50

40

30

20

10

0

-10

-20

+4(0)%

+7(+4)%

South WestCautiously optimistic hiring plans are evident for the July-September time frame with employers reporting a Net Employment Outlook of +9%. The Outlook is two percentage points stronger when compared with the previous quarter but declines by five percentage points year-over-year.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

40

30

20

10

0

-10

-20

-30

+15(+9)%

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Manpower Employment Outlook Survey 9

SMARTJOBNO: 10058 QuARTeR32015

CLIeNT: MANpOweR

SuBJeCT: MeOSQ315–uK–fOuRCOLOuR–A4

SIZe: A4

DOCNAMe: 10058_uK_4COL_A4_fORpDf_Q315 pAGe: 9

ARTwORKSIZe: 297mmx210mm DATe:02.06.15

87ChARTeRhOuSeSTReeT•LONDONeC1M6hJ•TeL+44(0)2075534744

WalesEmployers report encouraging signs for job seekers in Quarter 3 2015 with a Net Employment Outlook of +8%. The Outlook remains relatively stable quarter-over-quarter and is five percentage points stronger year-over-year.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Wales joined the survey in Q2 2002 No bar indicates Net Employment Outlook of zero1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

50

40

30

20

10

0

-10

-20

+10(+8)%

West MidlandsJob seekers can expect modest hiring opportunities during Quarter 3 2015 with employers reporting a Net Employment Outlook of +5%. However, hiring prospects decline by seven percentage points quarter-over-quarter and are five percentage points weaker year-over-year.

Yorkshire & HumbersideEmployers forecast a slight increase in staffing levels during the next three months, reporting a Net Employment Outlook of +3%. Hiring intentions remain relatively stable when compared with the previous quarter but decline by five percentage points year-over-year.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

50

40

30

20

10

0

-10

-20

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

-20

-10

0

10

20

30

40

50

60

+6(+5)%

0(+3)%

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10 Manpower Employment Outlook Survey

SMARTJOBNO: 10058 QuARTeR32015

CLIeNT: MANpOweR

SuBJeCT: MeOSQ315–uK–fOuRCOLOuR–A4

SIZe: A4

DOCNAMe: 10058_uK_4COL_A4_fORpDf_Q315 pAGe: 10

ARTwORKSIZe: 297mmx210mm DATe:02.06.15

87ChARTeRhOuSeSTReeT•LONDONeC1M6hJ•TeL+44(0)2075534744

Job seekers can expect some hiring opportunities in all nine industry sectors during the coming quarter, according to employers. The strongest labour market is anticipated by Mining sector employers with a Net Employment Outlook of +9%. Elsewhere, some payroll gains are anticipated with Outlooks of +7% in the Agriculture sector, the Construction sector and the Manufacturing sector, while Outlooks of +6% are reported in the Utilities sector, the Finance & Business Services sector and the Community & Social sector. Meanwhile, the weakest hiring pace is forecast by Transport & Communication sector employers with an Outlook of +2%.

Quarter-over-quarter, Outlooks weaken in five of the nine industry sectors, most notably by 11 percentage points in the Utilities sector. Employers in three sectors report slight declines of two percentage points – the

0 15

Agriculture

Community & Social

Construction

Finance & Business Services

Hotels & Retail

Manufacturing

Mining

National Average

Transport & Communication

Utilities

7 10

6 9

7 7

6 8

3 7

7 7

9 10

6 8

2 0

6 3

Net Employment OutlookNet Employment Outlook Seasonally Adjusted OutlookSeasonally Adjusted Outlook

5 10

SectorComparisonsManufacturing sector, the Transport & Communication sector and the Hotels & Retail sector. However, hiring intentions improve in four sectors, including the Agriculture sector where the Outlook is nine percentage points stronger.

When compared with Quarter 3 2014, hiring prospects also decline in five of the nine industry sectors. The most notable decreases of nine and six percentage points are reported in the Utilities sector and the Finance & Business Services sector, respectively, while Outlooks are four percentage points weaker in both the Transport & Communication sector and the Hotels & Retail sector. Elsewhere, hiring plans improve in four sectors. The Outlook for the Construction sector is six percentage points stronger while Community & Social sector employers report an improvement of three percentage points.

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Manpower Employment Outlook Survey 11

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AgricultureJob seekers can expect a moderate hiring pace in the July-September time frame according to employers who report a Net Employment Outlook of +7%. Hiring intentions are nine percentage points stronger when compared with the previous quarter and remain relatively stable year-over-year.

Community & SocialWith a Net Employment Outlook of +6%, employers anticipate modest payroll gains during Quarter 3 2015. Hiring plans remain relatively stable when compared with the previous quarter and are three percentage points stronger year-over-year.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

The Agriculture sector joined the survey in Q2 2002 No bar indicates Net Employment Outlook of zero1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

-30

-20

-10

0

10

20

30

40

50

60

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

-30

-20

-10

0

10

20

30

40

50

60

+9(+6)%

+10(+7)%

ConstructionWith a Net Employment Outlook of +7%, employers anticipate some hiring opportunities during the upcoming quarter. Hiring plans remain relatively stable quarter-over-quarter and improve by six percentage points year-over-year.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

-30

-20

-10

0

10

20

30

40

50

60

+7(+7)%

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12 Manpower Employment Outlook Survey

SMARTJOBNO: 10058 QuARTeR32015

CLIeNT: MANpOweR

SuBJeCT: MeOSQ315–uK–fOuRCOLOuR–A4

SIZe: A4

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Finance & Business ServicesA conservative hiring pace is forecast for Quarter 3 2015 with employers reporting a Net Employment Outlook of +6%. The Outlook is the weakest reported since Quarter 2 2012. While hiring plans remain relatively stable quarter-over-quarter, employers report a year-over-year decline of six percentage points.

Employers in the Finance sub-sector anticipate respectable payroll gains during the July-September time frame with a Net Employment Outlook of +11%. Hiring prospects remain relatively stable quarter-over-quarter and improve by 16 percentage points year-over-year.

Some hiring opportunities are forecast for the Business Services sub-sector, with employers reporting a Net Employment Outlook of +6%, although the Outlook is the weakest reported since Quarter 2 2012. Hiring plans remain relatively stable when compared with the previous quarter but decline by eight percentage points year-over-year.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

-30

-20

-10

0

10

20

30

40

50

60

+8(+6)%

Hotels & RetailSome workforce gains are expected in the upcoming quarter with employers reporting a Net Employment Outlook of +3%. However, hiring intentions decline by two percentage points when compared with the previous quarter and are four percentage points weaker year-over-year.

Job seekers can expect some hiring opportunities in the B2B sub-sector during the next three months with employers reporting a Net Employment Outlook of +7%. While the Outlook is three percentage points weaker quarter-over-quarter, employers report a year-over-year improvement of two percentage points.

Slow-paced hiring activity is anticipated in the B2C sub-sector in the July-September time frame, with employers reporting a Net Employment Outlook of +3%. Hiring prospects remain relatively stable when compared with the previous quarter but decline by three percentage points year-over-year.

With a Net Employment Outlook of +13%, Hotels & Restaurants sub-sector employers report the strongest hiring plans since Quarter 3 2007. The Outlook improves by three and two percentage points quarter-over-quarter and year-over-year, respectively.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

-30

-20

-10

0

10

20

30

40

50

60

+7(+3)%

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ManufacturingEmployers anticipate a fair hiring climate in the coming quarter, reporting a Net Employment Outlook of +7%. Hiring intentions are two percentage points weaker when compared with the previous quarter but improve by two percentage points year-over-year.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

-30

-20

-10

0

10

20

30

40

50

60

+7(+7)%

MiningJob seekers can expect to benefit from a cautiously optimistic labour market in the next three months, according to employers who report a Net Employment Outlook of +9%. Hiring prospects remain relatively stable both quarter-over-quarter and year-over-year.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

The Mining sector joined the survey in Q2 2002 No bar indicates Net Employment Outlook of zero1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

-30

-20

-10

0

10

20

30

40

50

60

+10(+9)%

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14 Manpower Employment Outlook Survey

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UtilitiesEmployers forecast the weakest labour market since Quarter 3 2013 in the next three months, reporting a Net Employment Outlook of +6%. Hiring prospects weaken considerably both quarter-over-quarter and year-over-year, declining by 11 and nine percentage points, respectively.

Transport & CommunicationA slight increase in staffing levels is likely in the July-September time frame, according to employers who report a Net Employment Outlook of +2%. However, the Outlook is the weakest reported since Quarter 4 2012, declining by two and four percentage points quarter-over-quarter and year-over-year, respectively.

Reporting a Net Employment Outlook for the coming quarter of -2%, employers in the Transport sub-sector forecast the weakest hiring pace since Quarter 1 2013. Hiring intentions decline by 10 percentage points quarter-over-quarter and are five percentage points weaker year-over-year.

Employers in the Telecomms sub-sector report cautiously optimistic hiring plans for Quarter 3 2015, reporting a Net Employment Outlook of +9%. The Outlook is five percentage points stronger when compared with the previous quarter but declines by five percentage points year-over-year.

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

The Utilities sector joined the survey in Q2 2002 No bar indicates Net Employment Outlook of zero1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

-30

-20

-10

0

10

20

30

40

50

60

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

-30

-20

-10

0

10

20

30

40

50

60

+3(+6)%

0(+2)%

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Manpower Employment Outlook Survey 15

SMARTJOBNO: 10058 QuARTeR32015

CLIeNT: MANpOweR

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13 (13)1

3 (1)1

1 (2)1

%

4 (6)1

20 (23)1

11 (12)1

17 (16)1

39 (37)1

14 (13)1

45 (42)1

15 (9)1

11 (10)1

8 (8)1

5 (4)1

6 (5)1

3 (2)1

1 (2)1

8 (7)1

5 (4)1

5 (1)1

2 (2)1

19 (14)1

-1 (-4)1

4 (5)1

0 (0)1

-2 (0)1

-6 (-2)1

-9 (2)1

-8 (-5)1

2 (-1)1

-2 (-1)1

0 (-1)1

-1 (-2)1

0 (0)1

-1 (-1)1

3 (3)1

-4 (-4)1

6 (6)1

-15 (-15)1

1 (1)1

-12 (-11)1

-6 (-6)1

2 (3)1

16 (10)1 2 (1)1 2 (2)1

10 (14)1 -1 (3)1 -2 (-2)113 (13)1 -2 (-2)1 -1 (-1)1

20 (16)1 2 (0)1 2 (2)1

7 (4)1 3 (0)1 4 (4)1

11 (7)1 -3 (-3)1 -2 (-1)1

6 (5)1 -7 (-5)1 -4 (-4)1

6 (8)1 -5 (-2)1 -5 (-5)111 (8)1 -1 (0)1 1 (1)1

12 4 7

9 (4)1 0 (-3)1 0 (0)1

14 (7)1 -6 (-2)1 -2 (-2)1

2 (-1)1

-1 (-1)1

0 (0)1

-1 (-1)1-6 (-3)1 -9 (-4)1 -18 (-13)15 (5)1 -1 (2)1 -3 (-4)1

-4 (-4)17 (8)1 -3 (-2)1 -2 (-2)1

-10 (-9)112 (13)1 -5 (-5)1 -6 (-6)1

†EMEA – Europe, Middle East and Africa.

1. Number in parentheses is the Net Employment Outlook when adjusted to remove theimpact of seasonal variations in hiring activity. Please note that this data is not available for all countries as a minimum of 17 quarters worth of data is required. 

4 (3)1

0 (0)14 (4)1

11 0 5

0 (0)1

-1 (-2)1

-5 (-2)1

0 (1)1

2 (1)1

0 (-3)1

-4 (-2)1

-2 (-2)1

3 (2)1

3 (3)1

-1 (-1)1

5 (5)1

12 2 5

-2 (-1)1

0 (0)1

-4 (-4)1

-7 (-7)1

8 (6)1 2 (0)1 -1 (-1)1

4 (4)1

* Indicates unadjusted data.

Quarter 3 2015 Net Employment Outlook

-15 -10 -5 0 5 10 15 20 25 30 35 40 45

-15 -10 -5 0 5 10 15 20 25 30 35 40 45

Taiwan

India

Japan

Hong Kong

United States

Costa Rica

Turkey

China

Colombia

Panama

Singapore

Israel

New Zealand

Slovakia

Finland

Bulgaria

Mexico

Canada

Guatemala

Peru

Slovenia

South Africa

Greece

Ireland

Romania

Australia

United Kingdom

Argentina

Germany

Hungary

Czech Republic

France

Norway

Poland

Belgium

Netherlands

Sweden

Switzerland

Austria

Spain

Brazil

Italy

+42%

+37%

+23%

+16%

+16%

+14%

+14%

+13%

+13%

+13%

+13%

+12%*

+12%

+12%*

+11%*

+10%

+10%

+9%

+8%

+8%

+8%+8%

+7%

+7%

+7%

+6%

+6%

+5%

+5%

+5%

+4%

+4%+4%

+4%

+2%

+2%

+2%

+2%

+1%

+1%

-3%

-4%

Quarter 3 2015Qtr on Qtr Change

Q2 2015 to Q3 2015 Yr on Yr Change

Q3 2014 to Q3 2015 

Americas

Asia PacificAustralia

China

Hong Kong

Japan

India

New Zealand

Singapore

Taiwan

EMEA†

Austria

Belgium

Bulgaria

Costa Rica

Colombia

United States

Czech Republic

Greece

Hungary

South Africa

SloveniaSlovakia

PolandRomania

Canada

Mexico

Peru

Brazil

Argentina

Guatemala

Panama

France

Germany

Finland

Ireland

Netherlands

Norway

Spain

Turkey

Italy

Switzerland

Sweden

Israel

UK

GlobalemploymentOutlook

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16 Manpower Employment Outlook Survey

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ManpowerGroup interviewed nearly 59,000 employers across 42 countries and territories to forecast labour market activity* in Quarter 3 2015. All participants were asked, “How do you anticipate total employment at your location to change in the three months to the end of September 2015 as compared to the current quarter?”

Third-quarter forecasts are mostly positive with employers in 40 of 42 countries and territories expecting to add to their workforces by varying margins over the next three months. However, although most forecasts indicate payrolls will grow in the July-September time frame, the results suggest hiring will proceed at an uneven pace and overall hiring momentum will be marginally slower in comparison to the prior quarter and last year at this time. Hiring prospects improve in 11 countries and territories in a quarter-over-quarter comparison, but decline in 22. Outlooks strengthen in 15 countries and territories year-over-year, but decline in 23. The most optimistic Net Employment Outlooks are reported in Taiwan, India, Japan, Hong Kong and the United States. The weakest – and only negative – third-quarter hiring plans are reported in Italy and Brazil.

Employers in nine of 10 countries in the Americas expect to grow staffing levels in Quarter 3 2015. But in a pattern echoed elsewhere across the globe, opportunities for job seekers are expected to be less abundant in the region than they were three months ago and last year at this time. Quarter-over-quarter, Net Employment Outlooks improve in two countries, decline in six and are unchanged in two. Outlooks decline in nine countries in a year-over-year comparison and improve only in the United States. Employers in the United States report the region’s strongest hiring plans, while the negative forecast from Brazil’s employers is the weakest.

Results are similar in the Asia Pacific region. Positive hiring plans are reported in each of the eight countries and territories, but are generally softer when compared to results from the prior quarter and last year. Outlooks improve in only two countries and territories when compared with the second quarter, and weaken in six. Outlooks strengthen in three countries and territories and weaken in four when compared year-over-year. Employers in Taiwan and India report the most optimistic hiring intentions in the region and across the globe, while the weakest hiring pace in the region is expected in Australia.

Across the 24 countries in the Europe, Middle East and Africa (EMEA) region, employers in 23 report positive third-quarter forecasts. Hiring intentions strengthen in seven countries when compared with the April-June time frame, but weaken in 10. Employers in 11 countries report stronger forecasts in year-over-year comparisons and weaker hiring intentions in 10. The strongest hiring pace is again reported in Turkey where employer optimism remains upbeat despite the Net Employment Outlook dipping to its weakest level since the survey launched in Quarter 1 2011. Italy’s negative forecast is the weakest across the region and the globe.

Full survey results for each of the 42 countries and territories included in this quarter’s survey, plus regional and global comparisons, can be found at

www.manpowergroup.com/meos

The next Manpower Employment Outlook Survey will be released on 8 September 2015 and will detail expected labour market activity for the fourth quarter of 2015.

* Commentary is based on seasonally adjusted data where available. Data is not seasonally adjusted for Finland, Israel and Slovakia.

The Manpower Employment Outlook Survey is ManpowerGroup’s quarterly index of employer hiring confidence.

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The Quarter 3 2015 survey included interviews with more than 20,000 employers in 24 countries in the Europe, Middle East and Africa (EMEA) region. Employers in 23 countries plan to add to their payrolls during the July-September time frame, with forecasts improving in seven countries in a quarter-over-quarter comparison and declining in 10. Outlooks improve in 11 countries year-over-year and decline in 10. The strongest third-quarter forecasts are reported in Turkey, Israel and Slovakia. Like the prior quarter, the weakest – and only negative – forecast is reported by Italian employers.

The research indicates hiring in Turkey will continue at a steady pace through the third quarter. More than one in four employers expect to add to their payrolls through the end of September, with positive forecasts reported in all industry sectors and regions. However, the national Outlook has dipped slightly for two consecutive quarters, and employer hiring intentions are actually the weakest reported since the survey began in Quarter 1 2011.

Employers in the UK were interviewed in the run up to the spring general election, but still expected hiring to continue at a modest pace through the end of summer. Approximately one in every 10 employers said they plan to add to their payrolls in the coming quarter with positive Outlooks reported in all industry sectors and in all regions except Scotland.

In Germany, job prospects are expected to hold firm in the next three months with a steady hiring pace expected in the Finance & Business Services and

InternationalComparisons–eMeAthe Transport, Storage & Communications sectors. Manufacturing sector employers are also increasingly optimistic and their forecast has improved marginally for the second consecutive quarter.

Growing confidence among Manufacturing sector employers is also adding strength to France’s third-quarter forecast. The sector’s Outlook improves considerably from year-ago levels, with strong demand for a variety of skilled workers expected to continue in the aerospace industry.

Hiring intentions in the Nordic countries are positive, but staff levels are expected to remain mostly intact with nearly nine in 10 Norwegian and Swedish employers expecting no changes to their current payrolls through the July-September period. More activity is anticipated in Finland where employers forecast a vigorous hiring pace in the Restaurants & Hotels sector, as well as steady demand in the Construction and Wholesale & Retail Trade sectors.

Job seekers are expected to find some opportunities in the quarter ahead in Belgium, the Netherlands and Switzerland, but employers in each country anticipate a fairly soft labour market through the end of the summer.

Employers in Spain and Greece continue to report positive hiring plans with Finance & Business Services sector employers reporting the most aggressive hiring plans in both countries. Italy’s forecast is stronger than the prior quarter and last year at this time. But employers appear unable to generate sufficient confidence to drive hiring, and the forecast remains negative for the 18th consecutive quarter.

Austria +3 (+1)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

-20

-10

0

10

20

30

40

50

60

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Belgium +1 (+2)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

-20

-10

0

10

20

30

40

50

60

Bulgaria +16 (+10)%

Bulgaria joined the survey in Q1 2011 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

-20

-10

0

10

20

30

40

50

60

Czech Republic +7 (+4)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Czech Republic joined the survey in Q2 2008 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

-20

-10

0

10

20

30

40

50

60

Finland +11%Net Employment OutlookNet Employment Outlook

Finland joined the survey in Q4 2012 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

-20

-10

0

10

20

30

40

50

60

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France +5 (+4)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

-20

-10

0

10

20

30

40

50

60

Germany +6 (+5)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

-20

-10

0

10

20

30

40

50

60

Greece +11 (+7)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Greece joined the survey in Q2 2008 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

-20

-10

0

10

20

30

40

50

60

Hungary +6 (+5)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Hungary joined the survey in Q3 2009 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

-20

-10

0

10

20

30

40

50

60

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20 Manpower Employment Outlook Survey

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CLIeNT: MANpOweR

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SIZe: A4

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Ireland +8 (+7)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

-20

-10

0

10

20

30

40

50

60

Israel +12%Net Employment OutlookNet Employment Outlook

Israel joined the survey in Q4 2011 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

-20

-10

0

10

20

30

40

50

60

Italy -1 (-4)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

-20

-10

0

10

20

30

40

50

60

Netherlands +3 (+2)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

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Manpower Employment Outlook Survey 21

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Norway +5 (+4)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

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Poland +9 (+4)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Poland joined the survey in Q2 2008 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

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Romania +14 (+7)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Romania joined the survey in Q2 2008 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

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Slovakia +12%Net Employment OutlookNet Employment Outlook

Slovakia joined the survey in Q4 2011 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

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22 Manpower Employment Outlook Survey

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Slovenia +11 (+8)%

Slovenia joined the survey in Q1 2011 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

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South Africa +6 (+8)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

South Africa joined the survey in Q4 2006 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

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Spain +5 (+1)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

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Sweden +2 (+2)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

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Manpower Employment Outlook Survey 23

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Switzerland +1 (+2)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Switzerland joined the survey in Q3 2005 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

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Turkey +19 (+14)%

Turkey joined the survey in Q1 2011 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

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United Kingdom +8 (+6)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

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24 Manpower Employment Outlook Survey

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Over 23,000 employers from 10 countries throughout North, Central and South America were interviewed for the Quarter 3 2015 survey. Employers expect payrolls to grow by varying margins in all countries except Brazil. However, hiring momentum is expected to slow in most in both quarter-over-quarter and year-over-year comparisons. Outlooks improve slightly in only Argentina and Costa Rica in quarter-over-quarter comparisons, and decline in nine of 10 countries when compared year-over-year.

U.S. employers report the region’s most optimistic third-quarter hiring plans. The strongest opportunities for job seekers are expected in the Leisure & Hospitality and Wholesale & Retail Trade industry sectors. However, more than a quarter of employers surveyed in the Construction, the Professional & Business Services and the Transportation & Utilities sectors also expect to add to payrolls in the next three months.

Mexico’s employers expect the third quarter hiring climate to remain favourable. But slower job growth is expected from year-ago levels in all sectors and regions. Employers may also be putting some hiring decisions on hold until the impact of recently implemented labour reforms are better understood. Canada’s cautiously optimistic Outlook remains relatively stable when compared to both the prior quarter and Quarter 3 2014 with the strongest hiring projections reported by Finance, Insurance & Real Estate and Transportation & Public Utilities employers.

Opportunities for job seekers remain positive across Central America. Costa Rican employers anticipate the area’s strongest hiring pace, fuelled by upbeat

InternationalComparisons–Americasforecasts in the Construction and the Transport & Communication sectors. Steady demand in the Construction and the Services sectors is also boosting hiring intentions in Panama. Meanwhile, the Guatemalan Outlook softens in comparison to three months ago and last year at this time, and includes a steep year-over-year decline in the Construction sector forecast.

In South America job prospects are mixed. Hiring plans in Brazil have declined for 15 consecutive quarters, and employer confidence is at its weakest level since the survey began in Quarter 4 2009. Employers in six of eight industry sectors and all five regions also report their least optimistic Outlooks since the survey was launched.

Elsewhere, job seekers will likely benefit from more optimistic hiring projections. Argentina’s Outlook improves slightly, helped by the strongest Manufacturing sector forecast in two years. Colombian employers report positive third-quarter hiring intentions in eight of nine sectors, with active labour markets expected in the Construction, Public Administration & Education, and Transportation & Utilities industry sectors. However, the Mining sector forecast has now weakened for three consecutive quarters and stands at its weakest level since analysis of the sector started in Quarter 2 2013. Continuing weakness in the Mining sector is also a factor in Peru where falling mineral prices continue to erode employer confidence. Forecasts dip by varying margins in all nine industry sectors and in seven of eight regions when compared to last year at this time.

Argentina +5 (+5)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

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Brazil -6 (-3)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Brazil joined the survey in Q4 2009 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

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Canada +15 (+9)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

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Colombia +13 (+13)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Colombia joined the survey in Q4 2008 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

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Costa Rica +10 (+14)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Costa Rica joined the survey in Q3 2006 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

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26 Manpower Employment Outlook Survey

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Guatemala +7 (+8)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Guatemala joined the survey in Q2 2008 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

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Mexico +11 (+10)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

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Panama +12 (+13)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Panama joined the survey in Q2 2010 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

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Peru +8 (+8)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Peru joined the survey in Q2 2006 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

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+20 (+16)%United States of AmericaSeasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

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28 Manpower Employment Outlook Survey

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More than 15,000 employers were interviewed in the Asia Pacific region, and employers in each of the eight countries and territories included in the survey indicate their payrolls will grow by varying degrees in the July-September time frame. However, in a pattern seen elsewhere across the globe, hiring intentions improve in only two countries and territories in a quarter-over-quarter comparison and in three when compared to forecasts reported in Quarter 3 2014. Employers in Taiwan, India and Japan report the region’s most optimistic hiring plans, while those in Australia report the weakest.

For the second consecutive quarter, employers in Taiwan report the most optimistic forecast among the 42 countries and territories that participate in the survey. Job seekers can expect demand for their talent to be vigorous in the months ahead – especially in the Manufacturing and Services sectors where one of every two employers surveyed expect to add to their payrolls in the third quarter.

Even after four consecutive quarters of gradual decline, India’s third-quarter forecast indicates the hiring pace will remain brisk with more than four of every 10 employers expecting to add staff in the July-September time frame. Prospects are bright for job seekers in all industry sectors and regions, but employers continue to be frustrated by a scarcity of essential skillsets, particularly in their efforts to recruit for a wide variety of technical and professional roles.

InternationalComparisons–AsiapacificJob seekers in Japan can continue to expect an active labour market in the months ahead with nearly one in four employers saying they intend to add staff during the third quarter. The Outlook is the strongest reported since Quarter 1 2008 and follows four consecutive quarters of gradual improvement. Demand for talent remains solid across most of Japan’s industry sectors and robust in the Mining & Construction sector. However, with the working age population declining at more than 1% per year, employers continue to be challenged by a shrinking labour force.

In the midst of an ongoing transition to a more services-based economy, employer optimism in China shows signs of rebounding with forecasts in all industry sectors and regions improving from three months ago. The strongest hiring plans are reported by employers in the Transportation & Utilities sector where forecasts have strengthened for three consecutive quarters.

The continuing decline of Australia’s Mining & Construction sector is impacting employer confidence across many sectors. Forecasts remain positive in all but one industry sector and one region, but decline by varying margins in six of seven sectors and in five of eight regions when compared to year-ago forecasts. The downturn is even more severe in New Zealand where Outlooks remain positive in all sectors and regions but drop by considerable margins in comparison to last year at this time.

Australia +4 (+6)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

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+13 (+13)%China           Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

China joined the survey in Q2 2005 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

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Hong Kong +17 (+16)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

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+39 (+37)%India           Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

India joined the survey in Q3 2005 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

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Japan +20 (+23)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

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30 Manpower Employment Outlook Survey

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New Zealand +11 (+12)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

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Singapore +14 (+13)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

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010203040506070

Taiwan +45 (+42)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Taiwan joined the survey in Q2 2005 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014  2015

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The Manpower Employment Outlook Survey is conducted quarterly to measure employers’ intentions to increase or decrease the number of employees in their workforces during the next quarter. ManpowerGroup’s comprehensive forecast of employer hiring plans has been running for more than 50 years and is one of the most trusted surveys of employment activity in the world. Various factors underpin the success of the Manpower Employment Outlook Survey:

Unique: It is unparalleled in its size, scope, longevity and area of focus.

Projective: The Manpower Employment Outlook Survey is the most extensive, forward-looking employment survey in the world, asking employers to forecast employment over the next quarter. In contrast, other surveys and studies focus on retrospective data to report on what occurred in the past.

Independent: The survey is conducted with a representative sample of employers from throughout the countries and territories in which it is conducted. The survey participants are not derived from ManpowerGroup’s customer base.

Robust: The survey is based on interviews with nearly 59,000 public and private employers across 42 countries and territories to measure anticipated employment trends each quarter. This sample allows for analysis to be performed across specific sectors and regions to provide more detailed information.

Focused: For more than five decades the survey has derived all of its information from a single question:

For the Quarter 3 2015 research, all employers participating in the survey worldwide are asked the same question, “How do you anticipate total employment at your location to change in the three months to the end of September 2015 as compared to the current quarter?”

AbouttheSurveyMethodologyThe Manpower Employment Outlook Survey is conducted using a validated methodology, in accordance with the highest standards in market research. The survey has been structured to be representative of each national economy. The margin of error for all national, regional and global data is not greater than +/- 3.9%.

In the UK, the national survey includes 2,100 employers. With this number of interviews, the margin of error for the UK survey is +/- 2.1%.

Net Employment OutlookThroughout this report, we use the term “Net Employment Outlook.” This figure is derived by taking the percentage of employers anticipating an increase in hiring activity and subtracting from this the percentage of employers expecting to see a decrease in employment at their location in the next quarter. The result of this calculation is the Net Employment Outlook. Net Employment Outlooks for countries and territories that have accumulated at least 17 quarters of data are reported in a seasonally adjusted format unless otherwise stated.

Seasonal adjustments have been applied to the data for all participating countries except Finland, Slovakia and Israel. ManpowerGroup intends to add seasonal adjustments to the data for these countries in the future as more historical data is compiled. Note that in Quarter 2 2008, ManpowerGroup adopted the TRAMO-SEATS method of seasonal adjustment for data.

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32 Manpower Employment Outlook Survey

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ManpowerGroup™ (NYSE: MAN) has been the world’s workforce expert, creating innovative workforce solutions, for more than 65 years. As workforce experts, we connect more than 600,000 men and women to meaningful work across a wide range of skills and industries every day. Through our ManpowerGroup family of brands – Manpower®, Experis™, Right Management® and ManpowerGroup™ Solutions – we help more than 400,000 clients in 80 countries and territories address their critical talent needs, providing comprehensive solutions to resource, manage and develop talent. In 2015, ManpowerGroup was named one of the World’s Most Ethical Companies for the fifth consecutive year and one of Fortune’s Most Admired Companies, confirming our position as the most trusted and admired brand in the industry. See how ManpowerGroup makes powering the world of work humanly possible: manpowergroup.com

AboutManpowerGroupTM

About Manpower UKManpower is the global leader in contingent and permanent recruitment workforce solutions. It is part of ManpowerGroup, the world’s workforce expert, which creates and delivers high-impact solutions that enable clients to achieve their business goals and enhance their competitiveness.

With a network of offices in cities across the country, Manpower has provided organisations in the UK with a continuum of staffing solutions from the incidental to the strategic for nearly 60 years, working with businesses such as BT, IBM, Royal Mail and Xerox to help them win.

In the Human Age, where talent has replaced access to capital as the key competitive differentiator, Manpower UK leverages its trusted brand to develop a deep talent pool, providing clients with access to the people they need, fast.

Manpower UK creates powerful connections between organisations and the talent they need to enhance their competitiveness and unleash their workforce potential. By creating these powerful connections, we help everybody achieve more than they imagined, and power the world of work.

For more information, see manpower.co.uk

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ARTwORKSIZe: 297mmx210mm DATe:02.06.15

87ChARTeRhOuSeSTReeT•LONDONeC1M6hJ•TeL+44(0)2075534744

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