The reduction in economic growth projections, added to the imminent arrival of the El Niño phenomenon, has impacted expectations of new hires in companies, according to the latest ManpowerGroup Employment Expectations Survey.
The study reveals that in the last quarter of 2023, employers’ expectations of increasing their staff reach 46%2% below the result obtained in the previous quarter.
On the other hand, it is observed that the percentage of companies that plan to reduce their workforce rose from 10% to 14% for the period October-December 2023. Following this same trend, the proportion of employers that do not plan to make changes to their workforce increases. has reduced from 37% to 35%.
Likewise, the net employment expectation obtained for the fourth quarter is from +36%a figure that represents six percentage points less than what was recorded in the previous quarter.
Diego Galdoscommercial manager of ManpowerGroup, emphasizes that the weakening of employment projections has not yet reached a significant level of reduction; However, he emphasized that this behavior “is understandable,” since some of the sectors that have historically generated a greater volume of hiring are showing some caution in view of the uncertainty related to The boy.
“We are aware that this climate phenomenon can have an impact on various sectors, such as transportation, agribusiness and, possibly, in some cases, mining,” he commented.
The ManpowerGroup spokesperson also stressed that the cut to 1.1% of the growth level of the Gross domestic product (GDP) Peruvian for this year has generated discouragement at some employers.
In that sense, he assured that there is a direct relationship between effective labor hiring and the evolution of national production. In fact, he compared the current situation with that of Costa Rica – a nation that leads employment expectations with 41% – indicating that Peru, only achieving an economic growth of 2.5% in annual terms, could surpass said country in terms of job hiring expectations.
Likewise, the report states that employers prioritize increasing the hiring of independent workers (43%) and temporary workers (44%). As far as permanents are concerned, the rate is 34%. 28% prioritize recruiting talent between 18 and 26 years old.
Most dynamic sectors
Employers, with 44%, anticipate that communications, energy and public services will demand a greater number of personnel towards the end of the year.
According to Daniel Galdos, the leadership of the communications sector is driven by the investments that are being made to reduce the connectivity gap in the country. For its part, energy and public services will experience remarkable progress thanks to investments in sustainable and efficient energy projects, such as wind and solar energy. In the group of areas with the best expectations there is also information technology with 37% (see infographic).
Regarding the size of companies, medium-sized companies are the most optimistic about hiring with 45%followed by small businesses (38%).
Data
Shortage. Globally, 77% of the companies consulted say that they “struggle to find qualified talent.”
Regions. Ucayali and Arequipa stand out with the highest hiring intentions, with +47% and +36% each.
The word
Diego Galdos, commercial manager ManpoweGroup
“What we need is to give the message to the businessman that the rules will be maintained and give him legal stability. With these elements the economy could grow and with it hiring.”
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
