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Manpowergroup Employment Outlook Survey Hungary ManpowerGroup Employment Outlook Survey Hungary Q3 2018 SMART JOB NO: 11001 QUARTER 3 2018 CLIENT: MANPOWER SUBJECT: MEOS Q318 – GLOBAL – TWO COLOUR – A4 SIZE: A4 DOC NAME: HungarY_4Col_A4_Q318_ENG PAGE: 1 ARTWORK SIZE: 297mm x 210mm DATE: 30.05.18 87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 The ManpowerGroup Employment Outlook Survey for the third quarter 2018 was conducted by interviewing a representative sample of 762 employers in Hungary. All survey participants were asked, “How do you anticipate total employment at your location to change in the three months to the end of September 2018 as compared to the current quarter?” Contents Hungary Employment Outlook 2 Regional Comparisons 3 Sector Comparisons 8 Organisation-Size Comparisons 14 About the Survey 15 About ManpowerGroup® 16 Hungary Employment Outlook 2 ManpowerGroup Employment Outlook Survey SMART JOB NO: 11001 QUARTER 3 2018 CLIENT: MANPOWER SUBJECT: MEOS Q318 – GLOBAL – TWO COLOUR – A4 SIZE: A4 DOC NAME: HungarY_4Col_A4_Q318_ENG PAGE: 2 ARTWORK SIZE: 297mm x 210mm DATE: 30.05.18 87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 Hungary Employment Outlook Net Seasonally Increase Decrease No change Don’t know Employement Adjusted Rate %%%%%% Jul-Sept 2018 24 373021 19 Apr-Jun 2018 23 273221 18 Jan-Mar 2018 15 478311 13 Oct-Dec 2017 21 572216 18 Jul-Sept 2017 24 370321 19 Hungary +19 (+21)% Net Employment Outlook Seasonally Adjusted Outlook 60 50 40 30 20 10 0 -10 -20 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Hungary joined the survey in Q3 2009. No bar indicates Net Employment Outlook of zero. Hungarian employers report active hiring plans for the Throughout this report, we use the term “Net third quarter of 2018. With 24% of employers Employment Outlook.” This figure is derived by taking anticipating an increase in staffing levels, 3% the percentage of employers anticipating total forecasting a decrease and 73% expecting no employment to increase and subtracting from this the change, the Net Employment Outlook is +21%. percentage expecting to see a decrease in employment at their location in the next quarter. The result of this calculation is the Net Employment Once the data is adjusted to allow for seasonal Outlook. variation, the Outlook stands at +19%, matching the strongest since the survey began nine years ago, last reported in 3Q 2017. Hiring prospects remain relatively From this point forward, all data discussed in the stable when compared with the previous quarter, and commentary is seasonally adjusted, unless stated are unchanged in comparison with this time one year otherwise. ago. Manpower Munkaerő-piaci Előrejelzés 3 SMART JOB NO: 11001 QUARTER 2 2016 CLIENT: MANPOWER SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4 SIZE: A4 DOC NAME: HungarY_4Col_A4_Q318_ENG PAGE: 3 ARTWORK SIZE: 297mm x 210mm DATE: 30.05.18 87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 Regional Comparisons Payrolls are forecast to grow in all eight regions during Transdanubia. However, Outlooks strengthen in three the July-September period. The strongest labor regions, including Southern Transdanubia, with an market is anticipated in Southern Transdanubia, where increase of 9 percentage points, and Southern Great employers report a healthy Net Employment Outlook Plain, where employers report an improvement of 3 of +24%. Solid job gains are also expected in two percentage points. regions with Outlooks of +21% Northern Hungary and Southern Great Plain. In Central Transdanubia, employers report upbeat hiring plans with an Outlook Hiring prospects improve in four of the eight regions of +19%, while Outlooks stand at +17% in both Central when compared with the third quarter of 2017. A Hungary and Western Transdanubia. The weakest considerable increase of 11 percentage points is hiring prospects for the coming quarter are reflected in reported in Southern Transdanubia, and Outlooks are Outlooks of +16% for Budapest and Northern Great 6 and 5 percentage points stronger in Northern Plain. Hungary and Southern Great Plain, respectively. Meanwhile, hiring plans weaken in four regions, most notably by 10 percentage points in Central Hungary. When compared with the previous quarter, hiring The Budapest Outlook declines by 6 percentage intentions weaken in four of the eight regions, most points, while Northern Great Plain employers report a notably by 5 percentage points in Northern Great decrease of 5 percentage points. Plain, and by 4 percentage points in Central Net Employment Outlook Seasonally Adjusted Outlook 19 Budapest 16 24 Central Hungary 17 19 Central Transdanubia 19 16 Northern Great Plain 16 20 Northern Hungary 21 24 Southern Great Plain 21 25 Southern Transdanubia 24 17 Western Transdanubia 17 4 Manpower Munkaerő-piaci Előrejelzés SMART JOB NO: 11001 QUARTER 2 2016 CLIENT: MANPOWER SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4 SIZE: A4 DOC NAME: HungarY_4Col_A4_Q318_ENG PAGE: 4 ARTWORK SIZE: 297mm x 210mm DATE: 30.05.18 87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 +16 (+19)% Budapest Job seekers can expect a favorable hiring climate in 3Q 2018, according to employers who report a Net Employment Outlook of +16%. However, hiring intentions decline by 2 percentage points when compared with the previous quarter, and are 6 percentage points weaker in comparison with this time one year ago. Net Employment Outlook Seasonally Adjusted Outlook 60 50 40 30 20 10 0 -10 -20 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 No bar indicates Net Employment Outlook of zero. +17 (+24)% Central Hungary Positive payroll gains are forecast for the July-September time frame, with employers reporting a Net Employment Outlook of +17%. However, hiring prospects decline by 2 and 10 percentage points quarter-over-quarter and year-over-year, respectively. Net Employment Outlook Seasonally Adjusted Outlook 60 50 40 30 20 10 0 -10 -20 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 No bar indicates Net Employment Outlook of zero. Manpower Munkaerő-piaci Előrejelzés 5 SMART JOB NO: 11001 QUARTER 2 2016 CLIENT: MANPOWER SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4 SIZE: A4 DOC NAME: HungarY_4Col_A4_Q318_ENG PAGE: 5 ARTWORK SIZE: 297mm x 210mm DATE: 30.05.18 87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 +19 (+19)% Central Transdanubia Reporting a Net Employment Outlook of +19%, employers anticipate a steady hiring pace during the next three months. Hiring plans decline by 4 percentage points when compared with the previous quarter, but remain relatively stable in comparison with 3Q 2017. Net Employment Outlook Seasonally Adjusted Outlook 60 50 40 30 20 10 0 -10 -20 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 No bar indicates Net Employment Outlook of zero. +16 (+16)% Northern Great Plain Employers forecast respectable job gains during 3Q 2018, reporting a Net Employment Outlook of +16%. However, hiring prospects decline by 5 percentage points in comparison with both 2Q 2018 and 3Q 2017. Net Employment Outlook Seasonally Adjusted Outlook 60 50 40 30 20 10 0 -10 -20 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 No bar indicates Net Employment Outlook of zero. 6 Manpower Munkaerő-piaci Előrejelzés SMART JOB NO: 11001 QUARTER 2 2016 CLIENT: MANPOWER SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4 SIZE: A4 DOC NAME: HungarY_4Col_A4_Q318_ENG PAGE: 6 ARTWORK SIZE: 297mm x 210mm DATE: 30.05.18 87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 +21 (+20)% Northern Hungary In the third quarter of 2018, employers continue to anticipate the strongest labor market since the survey began nine years ago, reporting a Net Employment Outlook of +21% for the second consecutive quarter. Year-over-year, the Outlook improves by 6 percentage points. Net Employment Outlook Seasonally Adjusted Outlook 50 40 30 20 10 0 -10 -20 -30 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 No bar indicates Net Employment Outlook of zero. +21 (+24)% Southern Great Plain The strongest hiring pace since the survey began nine years ago is forecast for the July- September period. Employers report a Net Employment Outlook of +21%, improving by 3 percentage points in comparison with the previous quarter, and by 5 percentage points when compared with this time one year ago. Net Employment Outlook Seasonally Adjusted 60 50 40 30 20 10 0 -10 -20 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 No bar indicates Net Employment Outlook of zero. Manpower Munkaerő-piaci Előrejelzés 7 SMART JOB NO: 11001 QUARTER 2 2016 CLIENT: MANPOWER SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4 SIZE: A4 DOC NAME: HungarY_4Col_A4_Q318_ENG PAGE: 7 ARTWORK SIZE: 297mm x 210mm DATE: 30.05.18 87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 +24 (+25)% Southern Transdanubia Job seekers can expect to benefit from the strongest labor market since the survey began nine years ago, according to employers who report a Net Employment Outlook of +24% for the upcoming quarter. Hiring intentions are considerably stronger both quarter-over-quarter and year-over-year, increasing by 9 and 11 percentage points, respectively. Net Employment Outlook Seasonally Adjusted 60 50 40 30 20 10 0 -10 -20 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 No bar indicates Net Employment Outlook of zero. +17 (+17)% Western Transdanubia With a Net Employment Outlook of +17%, employers forecast steady workforce gains in the next three months. The Outlook improves by 2 percentage points when compared with the previous quarter, but declines by 2 percentage points when compared with the third quarter of 2017. Net Employment Outlook Seasonally Adjusted Outlook 60 50 40 30 20 10 0 -10 -20 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 No bar indicates Net Employment Outlook of zero.
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