Romanian employers report the strongest hiring intentions in seven years
Employers in Romania report the most optimistic hiring intentions in the EMEA region in Q4/2015, according to the latest edition of the Manpower Employment Outlook Survey.
Employer confidence is on the rise during the October – December 2015 interval, as Romanian employers report a seasonally adjusted Net Employment Outlook of +16%, the strongest fourth quarter Outlook among the 24 EMEA countries participating in the Q4/2015 wave of the Manpower Employment Outlook Survey.
19% of the Romanian employers participating in the survey anticipate an increase in their staffing levels in the upcoming quarter, while 11% foresee a decrease, and 67% do not intend any changes.
The resulting Net Employment Outlook is the strongest reported in Romania since Q4/2008, and improves by 4 percentage points over the current quarter, and 8 by percentage points year-over-year.
„Taking into account recent economic evolutions in the region, it is particularly heartening to see this boost in Romanian employers’ confidence. The fact that national Outlooks have been trending stronger for the past two years and are at their most solid since 2008 signals that this continued hiring momentum is sustainable and job creation could come about at a rate closer to what job-seekers in Romania need,” says ManpowerGroup Romania’s Country Manager, Valentin Petrof.
Opportunities for job seekers are likely to be positive, by varying degrees, in all of the country’s regions and all but one industry sector.
For the eleventh consecutive term, employers in Manufacturing are the country’s most optimistic, reporting a Net Employment Outlook of +25%, that is 5 percentage points stronger than in Q3, and strengthens year-over-year by 13 percentage points.
The most notable quarter-on-quarter improvement is reported by employers in the Wholesale and Retail Trade sector, where the +20% Net Employment Outlook strengthens by 12 percentage points over Q3, whereas the most notable year-on-year improvement is reported by employers in the Construction sector, where the +18% Q4/2015 Outlook is 21 percentage points stronger than in Q4/2014. However, forecasts in the Electricity, Gas & Water Supply sector continue to be negative, as they have been for the past five quarters.
Workforce levels are forecast to grow in all eight of the country’s regions. The most upbeat hiring plans are reported by employers in the Center and North-West regions, where the Net Employment Outlooks stand at +14%.
Hiring prospects are stronger than in Q3 in six of the eight regions, with employers in the North-West reporting a 6 percentage point improvement, and employers in Bucharest & Ilfov and South regions reporting 4, respectively 3 percentage points improvements over the previous quarter. Conversely, Outlooks decline quarter-on-quarter by 10 percentage points in the West region.
The least active hiring market is once again forecast in the South-West region, where 1 in 5 employers expect payrolls to decrease during the next three months. The +2% Net Employment Outlook is relatively stable compared to Q3, but has strengthened by 8 percentage points over Q4/2014.
Hiring plans are positive across organizations of all sizes, with employers in large organizations (over 250 employees) expressing the most confidence, while micro-employers, with up to 10 employees, report the most cautious hiring plans.
„Recovery after the recession has been protracted and uneven, and this is the first time in seven years that perspectives have strengthened enough to come close to pre-recession levels. It’s an encouraging sign, and it is to be hoped that with a stable and supportive economic and fiscal environment this confidence increase will evolve from a three-month boost to a longer-term trend.” added Valentin Petrof.