ManpowerGroup Employment Outlook Survey

Q2 2018

SMART JOB NO: 11001 QUARTER 2 2016

CLIENT: MANPOWER

SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4

SIZE: A4

DOC NAME: 2018Q2_Global_4Col_A4_ENG PAGE: 1

ARTWORK SIZE: 297mm x 210mm DATE: 02.03.18

87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 The ManpowerGroup Employment Outlook Survey for the second quarter 2018 was conducted by interviewing a representative sample of 750 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 June 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 2 2018 CLIENT: MANPOWERCLIENT: MANPOWER

SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4

SIZE: A4

DOC NAME: 2018Q2_Global_4Col_A4_ENG PAGE: 2

ARTWORK SIZE: 297mm x 210mm DATE: 02.03.18

87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 Hungary Employment Outlook

Net Employment Seasonally Increase Decrease No Change Don’t Know Outlook Adjusted

%%%%%% Apr-June 2018 23 273221 18 Jan-Mar 2018 15 478311 13 Oct-Dec 2017 21 572216 18 July-Sep 2017 24 3 70 3 21 20 Apr-June 2017 23 371320 17

Hungary +18 (+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 optimistic hiring plans for Throughout this report, we use the term “Net the second quarter of 2018. With 23% of employers Employment Outlook.” This fi gure is derived by taking anticipating an increase in staffi ng levels, 2% the percentage of employers anticipating total forecasting a decrease and 73% expecting no employment to increase and subtracting from this the change, the resulting Net Employment Outlook is percentage expecting to see a decrease in +21%. 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 +18%. Hiring intentions improve by 5 percentage points when From this point forward, all data discussed in the compared with the previous quarter, while remaining commentary is seasonally adjusted, unless stated relatively stable in comparison with 2Q 2017. otherwise.

3 ManpowerGroup Employment Outlook Surveys ManpowerGroup Munkaerő-piaci Előrejelzés 3

SMART JOB NO: 11001 QUARTER 2 20182016 CLIENT: MANPOWER CLIENT: MANPOWER

SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4

SIZE: A4

DOC NAME: 2018Q2_GLOBAL_4COL_A4_ENG PAGE: 3

ARTWORK SIZE: 297mm x 210mm DATE: 02.03.18

87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 Regional Comparisons Employers in all eight regions forecast an increase in percentage points stronger. Elsewhere, increases of 7 staffing levels during 2Q 2018. The strongest labor percentage points are reported in two regions – market is anticipated in Central , where and . employers report a healthy Net Employment Outlook However, hiring intentions weaken by 2 percentage of +22%. Job seekers in both points in both and . and Northern Hungary can expect an upbeat hiring Hiring plans improve in four of the eight regions when pace, with Outlooks standing at +20%, while the compared with this time one year ago. The most Budapest Outlook is +19%. Elsewhere, employers notable increase of 11 percentage points is reported in forecast steady job gains with Outlooks of +18% in Northern Great Plain, while Outlooks are 7 percentage both and , and points stronger in both Central Transdanubia and the Outlook for Western Transdanubia is +16%. Northern Hungary. Meanwhile, Outlooks weaken in Meanwhile, the weakest regional Outlook of +13% is three regions. Western Transdanubia employers report reported in . a decline of 6 percentage points, while employers in When compared with the previous quarter, hiring Central Hungary and Southern Transdanubia report prospects strengthen in six of the eight regions. decreases of 5 and 3 percentage points, respectively. Northern Great Plain employers report the most noteworthy improvement of 14 percentage points, while the Southern Transdanubia Outlook is 9

Net Employment Outlook Seasonally Adjusted Outlook

20 Budapest 19 20 Southern Great Plain 18 18 Southern Transdanubia 13 25 Northern Great Plain 20 19 Northern Hungary 20 28 Central Transdanubia 22 21 Central Hungary 18 19 Western Transdanubia 16

0510 15 20 25 30

4 ManpowerGroup Munkaerő-piaci Előrejelzés ManpowerGroup Employment Outlook Survey 4

SMART JOB NO: 11001 QUARTER 2 2018 CLIENT: MANPOWER

SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4

SIZE: A4

DOC NAME: 2018Q2_Global_4Col_A4_ENG PAGE: 4

ARTWORK SIZE: 297mm x 210mm DATE: 02.03.18

87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 +19 (+20)% Budapest Employers anticipate an upbeat hiring pace in the coming quarter, reporting a Net Employment Outlook of +19%. Hiring prospects decline by 2 percentage points when compared with the previous quarter, but are unchanged when compared with the second quarter of 2017.

Net Employment Outlook Seasonally Adjusted Outlook 60 50 40 30 20 10 0

-10-1

-20-2 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 No bar indicates Net Employment Outlook of zero.

+18 (+21)% Central Hungary Job seekers can expect a favorable hiring climate in the April-June time frame, according to employers who report a Net Employment Outlook of +18%. The Outlook is 2 percentage points stronger quarter-over-quarter, but declines by 5 percentage points when compared 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.

5 ManpowerGroup Employment Outlook Survey ManpowerGroup Munkaerő-piaci Előrejelzés 5

SMART JOB NO: 11001 QUARTER 2 20182016 CLIENT: MANPOWERCLIENT: MANPOWER

SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4

SIZE: A4

DOC NAME: 2018Q2_Global_4Col_A4_ENG PAGE: 5

ARTWORK SIZE: 297mm x 210mm DATE: 02.03.18

87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 +22 (+28)% Central Transdanubia The strongest labor market since the survey began nine years ago is anticipated in the second quarter of 2018. Employers report an optimistic Net Employment Outlook of +22%, improving by 7 percentage points both quarter-over-quarter and year-over-year.

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.

+20 (+25)% Northern Great Plain With a Net Employment Outlook of +20%, employers forecast an upbeat hiring pace in the forthcoming quarter. Hiring prospects improve by a considerable margin of 14 percentage points when compared with the previous quarter, and are 11 percentage points stronger in comparison with the second quarter of 2017.

Net Employment Outlook Seasonally Adjusted Outlook 60 50

4040 30 20

1010

0

-10-1 -20 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 No bar indicates Net Employment Outlook of zero.

6 ManpowerGroup Munkaerő-piaci Előrejelzés ManpowerGroup Employment Outlook Survey 6

SMART JOB NO: 11001 QUARTER 2 2018 CLIENT: MANPOWER

SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4

SIZE: A4

DOC NAME: 2018Q2_Global_4Col_A4_ENG PAGE: 6

ARTWORK SIZE: 297mm x 210mm DATE: 02.03.18

87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 +20 (+19)% Northern Hungary Employers anticipate the strongest hiring climate in more than two years, reporting a Net Employment Outlook of +20% for the next three months. Hiring intentions improve by 7 percentage points both quarter-over-quarter and year-over-year.

Net Employment Outlook Seasonally Adjusted Outlook 60 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.

+20 (+18)% Southern Great Plain Job seekers can expect to benefit from the strongest labor market since the survey began nine years ago during the April-June period. Employers report a hopeful Net Employment Outlook of +18%, improving by 2 percentage points when compared with the previous quarter, and by 4 percentage points when compared 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 Hungary joined the survey in Q3 2009. No bar indicates Net Employment Outlook of zero.

7 ManpowerGroup Employment Outlook Survey ManpowerGroup Munkaerő-piaci Előrejelzés 7

SMART JOB NO: 11001 QUARTER 2 20182016 CLIENT: MANPOWERCLIENT: MANPOWER

SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4

SIZE: A4

DOC NAME: 2018Q2_Global_4Col_A4_ENG PAGE: 7

ARTWORK SIZE: 297mm x 210mm DATE: 02.03.18

87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 +13 (+18)% Southern Transdanubia Reporting a Net Employment Outlook of +13%, employers forecast respectable payroll gains in 2Q 2018. Hiring plans are 9 percentage points stronger in comparison with 1Q 2018, but decline by 3 percentage points when compared with the second 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.

+16 (+19)% Western Transdanubia Employers anticipate a steady hiring pace in the upcoming quarter, reporting a Net Employment Outlook of +16%. However, hiring prospects decline both quarter-over-quarter and year-over-year, decreasing by 2 and 6 percentage points, respectively.

Net Employment Outlook Seasonally Adjusted Outlook 60 50 40 30 20 20 10 10 0 -10 -20 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 No bar indicates Net Employment Outlook of zero.

8 ManpowerGroup Munkaerő-piaci Előrejelzés ManpowerGroup Employment Outlook Survey 8

SMART JOB NO: 11001 QUARTER 2 2018 CLIENT: MANPOWER

SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4

SIZE: A4

DOC NAME: 2018Q2_Global_4Col_A4_ENG PAGE: 8

ARTWORK SIZE: 297mm x 210mm DATE: 02.03.18

87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 Sector Comparisons Employers in all nine industry sectors expect to plans weaken in four sectors, including the increase payrolls during the next three months. Manufacturing sector where employers report a Construction sector employers report robust hiring decline of 5 percentage points. plans with a Net Employment Outlook of +34%. Elsewhere, optimistic Outlooks of +21% are reported in two sectors – the Manufacturing sector and the In comparison with the second quarter of 2017, hiring Transport, Storage & Communication sector – while intentions weaken in five of the nine industry sectors. Public & Social sector employers report upbeat hiring Manufacturing sector employers report a decrease of intentions with an Outlook of +20%. A steady increase 5 percentage points, while the Restaurants & Hotels in staffing levels is also anticipated in the Finance, sector Outlook declines by 4 percentage points. Insurance, Real Estate & Business Services sector, Meanwhile, Outlooks improve in three sectors, with an Outlook of +18%, and in the Electricity, Gas & including the Public & Social sector and the Water sector, where the Outlook stands at +17%. Construction sector, where employers report Meanwhile, the weakest hiring prospects are reported considerable increases of 13 and 12 percentage in the Agriculture, Hunting, Forestry & Fishing sector points, respectively. where the Outlook is +7%.

When compared with the previous quarter, hiring prospects strengthen in five of the nine industry sectors. Public & Social sector employers report the most noteworthy improvement of 20 percentage points, while Outlooks are 14 and 7 percentage points stronger in the Construction sector and the Electricity, Gas & Water sector, respectively. However, hiring

Net Employment Outlook Seasonally Adjusted Outlook

Electricity, Gas & Water Supply 24 17 Construction 39 34 Manufacturing 23 21 Wholesale & Retail Trade 16 14 Public & Social 20 20 Agriculture, Hunting, Forestry 11 & Fishing 7 Finance & Business Services 22 18 Transport, Storage & 27 Communication 21 Restraurants & Hotels 14 11

0510 15 20 25 30 35 40

9 ManpowerGroup Employment Outlook Survey ManpowerGroup Munkaerő-piaci Előrejelzés 9

SMART JOB NO: 11001 QUARTER 2 20182016 CLIENT: MANPOWERCLIENT: MANPOWER

SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4

SIZE: A4

DOC NAME: 2018Q2_Global_4Col_A4_ENG PAGE: 9

ARTWORK SIZE: 297mm x 210mm DATE: 02.03.18

87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 +7 (11)% Agriculture, Hunting, Forestry & Fishing Some hiring opportunities are anticipated in the coming quarter, with employers reporting a Net Employment Outlook of +7%. Hiring prospects remain relatively stable both quarter-over- quarter and year-over-year.

Net Employment Outlook SeasonallySeasonally 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.

+34 (+39)% Construction A brisk hiring pace is forecast for the April-June time frame. Employers report a Net Employment Outlook of +34%, improving by 14 percentage points when compared with the previous quarter and by 12 percentage points in comparison with 2Q 2017.

Net Employment Outlook SeasonallySeasonally Adjusted Outlook 60 50 40 30 20 10 0

Lorem ipsum -10 -20 -30 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 No bar indicates Net Employment Outlook of zero.

10 ManpowerGroup Munkaerő-piaci Előrejelzés ManpowerGroup Employment Outlook Survey 10

SMART JOB NO: 11001 QUARTER 2 2018 CLIENT: MANPOWER

SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4

SIZE: A4

DOC NAME: 2018Q2_Global_4Col_A4_ENG PAGE: 10

ARTWORK SIZE: 297mm x 210mm DATE: 02.03.18

87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 +17 (+24)% Electricity, Gas & Water Reporting a Net Employment Outlook for 2Q 2018 of +17%, employers match the strongest forecast for the sector since the survey began nine years ago, last reported in 2Q 2017. Hiring intentions improve by 7 percentage points in comparison with 1Q 2018, and are unchanged when compared with this time one year ago.

Net Employment Outlook Seasonally Adjusted Outlook 60 50 40

3030 20 10 0 -10 -20 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 No bar indicates Net Employment Outlook of zero.

+18 (+22)% Finance & Business Services Job seekers can expect to benefit from an upbeat hiring pace in the coming quarter, according to employers who report a Net Employment Outlook of +18%. Hiring plans improve by 2 percentage points when compared with the previous quarter, but are 2 percentage points weaker in comparison with the second quarter of 2017.

Net Employment Outlook Seasonally Adjusted Outlook 60 50 40 30 20 10 10 0 -10 -20 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 No bar indicates Net Employment Outlook of zero.

11 ManpowerGroup Employment Outlook Survey ManpowerGroup Munkaerő-piaci Előrejelzés 11

SMART JOB NO: 11001 QUARTER 2 20182016 CLIENT: MANPOWERCLIENT: MANPOWER

SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4

SIZE: A4

DOC NAME: 2018Q2_Global_4Col_A4_ENG PAGE: 11

ARTWORK SIZE: 297mm x 210mm DATE: 02.03.18

87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 +21 (+23)% Manufacturing Employers anticipate solid workforce gains in the April-June period, reporting a Net Employment Outlook of +21%. However, hiring prospects decline by 5 percentage points when compared with both 1Q 2018 and 2Q 2017.

Net Employment Outlook Seasonally Adjusted Outlook 60 50 40 30 20 10 0

-10-1 -20 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 No bar indicates Net Employment Outlook of zero.

+20 (+20)% Public & Social The strongest labor market since the survey began nine years ago is forecast for the second quarter of 2018, with employers reporting a favorable Net Employment Outlook of +20%. Hiring plans are considerably stronger both quarter-over-quarter and year-over-year, improving by 20 and 13 percentage points, respectively.

Net Employment Outlook Seasonally Adjusted Outlook 60 50

4040 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.

12 ManpowerGroup Munkaerő-piaci Előrejelzés ManpowerGroup Employment Outlook Survey 12

SMART JOB NO: 11001 QUARTER 2 2018

CLIENT: MANPOWER

SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4

SIZE: A4

DOC NAME: 2018Q2_Global_4Col_A4_ENG PAGE: 12

ARTWORK SIZE: 297mm x 210mm DATE: 02.03.18

87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 +11 (+14)% Restaurants & Hotels Positive payroll gains are expected in the coming quarter, with employers reporting a Net Employment Outlook of +11%. However, hiring prospects are 2 percentage points weaker when compared with the previous quarter, and decline by 4 percentage points when compared with this time one year ago.

Net Employment Outlook Seasonally Adjusted Outlook 60 50 40 30 20 10 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 (+27)% Transport, Storage & Communication A healthy increase in staffing levels is forecast for 2Q 2018, with employers reporting a Net Employment Outlook of +21%. Hiring plans remain relatively stable in comparison with 1Q 2018, but decline by 2 percentage points when compared with the second quarter of 2017.

Net Employment Outlook Seasonally Adjusted Outlook 60 50 40 30 20 10 10 0 -10 -20 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 No bar indicates Net Employment Outlook of zero.

13 ManpowerGroup Employment Outlook Survey ManpowerGroup Munkaerő-piaci Előrejelzés 13

SMART JOB NO: 11001 QUARTER 2 20182016 CLIENT: MANPOWERCLIENT: MANPOWER

SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4

SIZE: A4

DOC NAME: 2018Q2_Global_4Col_A4_ENG PAGE: 13

ARTWORK SIZE: 297mm x 210mm DATE: 02.03.18

87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 +14 (+16)% Wholesale & Retail Trade Employers anticipate a respectable hiring pace in the next three months, reporting a Net Employment Outlook of +14%. Hiring intentions improve by 2 percentage points both quarter-over-quarter and year-over-year.

Net Employment Outlook SeasonallySeasonally Adjusted Outlook 60 50 40 30 20 10 0 -10

-20-2 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 No bar indicates Net Employment Outlook of zero.

14 ManpowerGroup Munkaerő-piaci Előrejelzés ManpowerGroup Employment Outlook Survey 14

SMART JOB NO: 11001 QUARTER 2 2018

CLIENT: MANPOWER

SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4

SIZE: A4

DOC NAME: 2018Q2_Global_4Col_A4_ENG PAGE: 14

ARTWORK SIZE: 297mm x 210mm DATE: 02.03.18

87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 Organization Size Comparisons Participating employers are categorized into one of Hiring intentions improve by 8 and 7 percentage four organization sizes: Micro businesses have less points for Medium- and Large-size employers, than 10 employees; Small businesses have 10-49 respectively, when compared with the previous employees; Medium businesses have 50-249 quarter. Small employers also report an increase of 5 employees; and Large businesses have 250 or more percentage points, while the Outlook for Micro firms employees. remains relatively stable.

Job gains are forecast for all four organization size In a year-over-year comparison, hiring prospects are 5 categories in 2Q 2018. Large employers report bright percentage points stronger for Large employers, and hiring prospects with a Net Employment Outlook of improve by 4 percentage points for Small employers. +34%, while Medium employers anticipate a healthy Meanwhile, Outlooks remain relatively stable in both increase in staffing levels, reporting an Outlook of the Micro- and Medium-size employer categories. +25%. Elsewhere, the Outlook for Small employers is +18%, while Micro employers report modest hiring plans with an Outlook of +7%.

Net Employment Seasonally Organisation-Size Increase Decrease No Change Don’t Know Outlook Adjusted

%%%%%%

Micro-Size fewer than 10 11 187110 7 Small-Size 10-49 23 371320 18 Medium-Size 50-249 30 264428 25 Large-Size 250 or more40257 13834

Micro-Size fewer than 10 Small-Size 10-49 Medium-Size 50-249 Large-Size 200 or more 50

40

30

20

10

0

-10

-20 2010 2011 2012 2013 2014 2015 2016 2017 2018

Graph displays Seasonally Adjusted Data

15 ManpowerGroup Employment Outlook Survey ManpowerGroup Munkaerő-piaci Előrejelzés 15

SMART JOB NO: 11001 QUARTER 2 20182016 CLIENT: MANPOWERCLIENT: MANPOWER

SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4

SIZE: A4

DOC NAME: 2018Q2_Global_4Col_A4_ENG PAGE: 15

ARTWORK SIZE: 297mm x 210mm DATE: 02.03.18

87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 About the ManpowerGroup Employment Outlook Survey The ManpowerGroup Employment Outlook Survey is Methodology conducted quarterly to measure employers’ intentions to increase or decrease the number of employees in their The ManpowerGroup Employment Outlook Survey is workforces during the next quarter. ManpowerGroup’s conducted using a validated methodology, in comprehensive forecast of employer hiring plans has accordance with the highest standards in market been running for more than 55 years and is one of the research. The survey has been structured to be most trusted surveys of employment activity in the world. representative of each national economy. The margin of error for all national, regional and global data is not Various factors underpin the success of the Manpower greater than +/- 3.9%. Employment Outlook Survey: Net Employment Outlook Unique: It is unparalleled in its size, scope, longevity and area of focus. Throughout this report, we use the term “Net Employment Outlook.” This figure is derived by taking the percentage of Projective: The ManpowerGroup Employment Outlook employers anticipating an increase in hiring activity and Survey is the most extensive, forward-looking subtracting from this the percentage of employers employment survey in the world, asking employers to expecting to see a decrease in employment at their forecast employment over the next quarter. In contrast, location in the next quarter. The result of this calculation is other surveys and studies focus on retrospective data to the Net Employment Outlook. Net Employment Outlooks report on what occurred in the past. for countries and territories that have accumulated at least Independent: The survey is conducted with a 17 quarters of data are reported in a seasonally adjusted representative sample of employers from throughout the format unless otherwise stated. countries and territories in which it is conducted. The Seasonal adjustments have been applied to the data for survey participants are not derived from all participating countries except Croatia and Portugal. ManpowerGroup’s customer base. ManpowerGroup intends to add seasonal adjustments to Robust: The survey is based on interviews with over the data for other countries in the future, as more historical 59,000 public and private employers across 44 countries data is compiled. Note that in Quarter 2 2008, and territories to measure anticipated employment trends ManpowerGroup adopted the TRAMO-SEATS method of each quarter. This sample allows for analysis to be seasonal adjustment for data. performed across specific sectors and regions to provide more detailed information.

Focused: For more than 55 years the survey has derived all of its information from a single question:

For the 2Q 2018 research, all employers participating in the survey worldwide are asked the same question, “How do you anticipate total employment at your location to change in the three months to the end of June 2018 as compared to the current quarter?”

16 ManpowerGroup Munkaerő-piaci Előrejelzés ManpowerGroup Employment Outlook Survey 16

SMART JOB NO: 11001 QUARTER 2 2018 CLIENT: MANPOWER

SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4

SIZE: A4

DOC NAME: 2018Q2_Global_4Col_A4_ENG PAGE: 16

ARTWORK SIZE: 297mm x 210mm DATE: 02.03.18

87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744 About ManpowerGroup ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing and managing the talent that enables them to win. We develop innovative solutions for over 400,000 clients and connect 3+ million people to meaningful, sustainable work across a wide range of industries and skills. Our expert family of brands – Manpower®, Experis®, Right Management® and ManpowerGroup® Solutions – creates substantially more value for candidates and clients across 80 countries and territories and has done so for nearly 70 years. In 2017, ManpowerGroup was named one of the World’s Most Ethical Companies for the seventh consecutive year and one of Fortune’s Most Admired Companies, confirming our position as the most trusted and admired brand in the industry.

See how ManpowerGroup is powering the future of work: www.manpowergroup.com

ManpowerGroup Hungary Váci road 76. Budapest 1133 Tel: +36 1 411 1590 Fax: +36 1 411 1585 www.manpowergroup.hu

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17 ManpowerGroup Employment Outlook Surveys ManpowerGroup Munkaerő-piaci Előrejelzés 17

SMART JOB NO: 11001 QUARTER 2 20182016 CLIENT: MANPOWERCLIENT: MANPOWER

SUBJECT: MEOS Q216 – GLOBAL – TWO COLOUR – A4

SIZE: A4

DOC NAME: 2018Q2_Global_4Col_A4_ENG PAGE: 17

ARTWORK SIZE: 297mm x 210mm DATE: 02.03.18

87 CHARTERHOUSE STREET • LONDON EC1M 6HJ • TEL +44 (0)20 7553 4744