A quarter of Romanian employers intend to hire in next three months
More than one of every four Romanian employers forecast payroll gains during the second quarter of 2016, Manpower Employment Outlook Survey shows.
With 26 percent of employers indicating intentions to increase their payroll, 7 percent anticipating a decrease and 66 percent envisioning no change, the seasonally adjusted Net Employment Outlook stands at +10 percent, relatively stable when compared to the current quarter, as well as year-over-year.
“The trend toward continuing job growth is by no means irreversible, but the current effects of employer optimism are making themselves felt, both in terms of number of opportunities for job seekers, as in terms of increased competition for talent,” ManpowerGroup Romania’s Country Manager, Valentin Petrof says.
Outlooks are positive across the country, with employers in the Bucharest & Ilfov, Center and South-West regions being the country’s most optimistic, as evidenced by a Net Employment Outlook of +16 percent.
In the Bucharest & Ilfov region, employers report the strongest forecast in almost 5 years, since Q3/2011, and the Net Employment Outlook strengthens by 7 percentage point both quarter-on-quarter and year-on-year. Similarly robust year-over-year improvements are reported by employees in the South-West region, where the Net Employment Outlook has strengthen to pre-recession levels for the first time in 7 years (since Q2/2008).
Only 2 percent of employers in the South-West report intentions to decrease their staff levels, the lowest percentage in the country. Employers in the North-West region continue to forecast an upbeat hiring pace, as shown by +14 percent Net Employment Outlook reported in the region, while employers in the North-East region are, for the second consecutive quarter, the least optimistic. The +4 percent Net Employment Outlook is 3 percentage points stronger than in Q1/2016, but decreases by a steep 27 percentage points over Q2/2015.
Payrolls are forecast to grow in nine of the 10 industry sectors during the April – June 2016 interval. 41 percent of Manufacturing employers have reported intentions to increase their payrolls during Q2, second only to Construction employers, and the seasonally adjusted Net Employment Outlook reported in the sector stands at +26 percent, strengthening both quarter-over-quarter and year-over-year by 5, respectively 4 percentage points and reaching its strongest level since Q4/2012.
Employers in the Wholesale and Retail Trade sector continue to be optimistic, reporting a Net Employment Outlook of +18 percent that is, however, weaker both year-over-year and quarter-over-quarter by 5, respectively 3 percentage points.
The only sector in which employers are forecasting decreases in staffing levels is Electricity, Water & Gas, where the Net Employment Outlook (now at -6 percent) has only been positive once in the past three years.
Hiring perspectives continue to be positive in organizations of all size, with employers in large organizations one again reporting the most favorable hiring climate, with an outlook of +22 percent, and employers in micro-organizations and medium-sized organizations being the most cautious, with an outlook of +4 percent.