Labor expectations of companies continue to fall

The net employment expectation in the Peruvian market—which, in the opinion of ManpowerGroupconsiders a company’s interest in increasing, reducing or keeping its payroll stable—reached 19%, and accentuates its downward trend.

Regarding the projections of hiring more personnel, for the second quarter, a reduction is observed from 46% to 41%; Meanwhile, 22% of companies plan to reduce their number of workers and 31% plan to make no changes. The remaining 6% still don’t know what to do.

Daniel Galdós, commercial manager of ManpowerGroup Perú, comments that after the negative rates of the pandemic, the general employment indicator rebounded to 50%, and since then it has been slowing down to 19%: 4% less than in the first quarter and 6 % less than in year-on-year terms.

Galdós assures that the global average is 22%, so the ratio seen in the Peruvian labor market cannot be interpreted as “a negative note.”

The areas with the best performance are information technology and finance and real estate, both with 46%. They are followed by life sciences and health, and manufacturing and industry (41% and 32%, respectively).

And, by company size, those made up of 250 to 999 workers are the most optimistic in the desire to hire personnel: 36%; On the other side of the coin, we find those with 1,000 to 4,999 workers: -6%.

Cusco (-25%) and Piura (-14%) are the cities that have the worst performance due to the protests in the Imperial City over the rejection of the sale of virtual tickets for Macchu Picchu; and in the north, due to climatic anomalies. While, Lime (30%), Arequipa (26%) and La Libertad (26%) have more positive trends in hiring new labor.

Finally, at the regional level, Argentina and Chile have the worst scores (1% and 10%).