The Great Q4 Hiring Bounceback: Employers In Many Markets Report Strongest Hiring Outlooks Since Before The Pandemic, Record High Talent Shortages Continue
- Markets bounce back: The strongest year-on-year improvements are reported in
the Netherlands(+41%), India(+40%) and the UK(+39%).
- Record hiring intentions reported in many countries: employers in 15 countries report their highest hiring outlook since the survey began;
Austria, Belgium, Canada, Finland, France, Germany, Ireland, Italy, Mexico, Netherlands, Norway, Spain, Swedenand the UKand U.S.
- Global talent shortage shows no sign of easing: 69% of employers globally cannot find the skills that they need, with employers in
India(89%), Romania(84%), and Singapore(84%) reporting the greatest difficulty.
- Technical skills and career coaching are a key focus for HR leaders: A quarter of employers plan to invest in accelerated upskilling (12 weeks or less) for employees and 21% plan to launch career coaching programs in the next six months.
- Barriers to upskilling: As more employers plan to upskill workers, money (22%), time (18%) and access to the right partners (13%) are cited as the biggest barriers businesses face.
"This recovery is unlike any we have seen before with hiring intent picking up much faster than after the previous economic downturn," said
View the complete Q4 2021
Global Hiring Plans by Region
- Hiring intentions improve in eight countries when compared to Q3, weakening in one (
Panama), and when compared to this time last year, improve in all 10 countries.
U.S.reports the strongest hiring intention globally and regionally (+48%), with Canada(+40%). The weakest prospects in the region are reported in Panama(-2%), Argentina(+4%) and Peru(+5%).
- For the
U.S., in all 12 industry sectors, hiring intentions are the highest since analysis began, (1982 for Construction, Durable Goods Manufacturing, Nondurable Goods Manufacturing, Transportation and Utilities, and Retail and Trade, and 2009 for remaining seven).
EMEA: The region reports its strongest quarter since the pandemic began, with positive hiring intentions in 25 out of 26 countries.
- Hiring intentions improve in all 26 countries when compared with Q4 2020 and improve in 20 when compared to Q3 2021.
- Strongest hiring intentions are in
Netherlands(+40%), France(+37%) and Ireland(+34%) and the weakest in South Africa(-2%), Croatia(+2%) and Switzerland(+8%).
- In all seven
UKindustry sectors, employers report their strongest hiring intentions since 2008, and similarly, in seven of France's industry sectors, employers report their strongest hiring intentions since the survey began 18 years ago.
APAC: In comparison to the previous quarter, hiring plans strengthen in three countries (
- Strongest outlooks are in
India(+44%), Taiwan(+21%) and Japan(+16%), and the most cautious plans are reported in Singapore(+1%) and Hong Kong(+8%). Indiareports record high hiring intentions, improving +37 percentage points compared to Q3, and +40% on the previous year. Singaporeexpects hiring intentions to dip in five out of seven industry sectors, with wholesale and trade experiencing its worst outlook since the survey began (-20%).
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The methodology used to collect the data for the Employment Outlook changed for 14 countries this quarter:
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Emma Almond, +1 (414) 544-1489, email@example.com