APAC Hiring Intentions Hold Steady as Employers Maintain Measured Outlook
The Net Employment Outlook for Q1 2025 in Asia Pacific is 27%, this is unchanged from Q4, and down 3% compared to Q1 2024
Employers in India (+40%), China (+29%) and Singapore (+25%) report the strongest outlooks in the region, while Hong Kong shows the most cautious outlook (+6%).
The Financials & Real Estate sector continues to lead hiring intentions (+39%), followed by the IT sector (+38%) and Healthcare and Life Sciences (+31%).
Larger organizations demonstrate the strongesthiring intentions, with companies of 5,000+employees reporting the outlook (+37%).
VIETNAM (31 DECEMBER 2024) –The latest ManpowerGroup Employment Outlook Survey shows hiring managers across the Asia Pacific (APAC) region will take a measured approach into Q1 2025 recording a Net Employment Outlook (NEO) of 27%, this is consistent with Q4 2024 and 3% lower compared to Q1 2024.
The Survey, which gathered data from over 40,000 employers across 42 countries between October 1-31, 2024, including over 10,000 employers across seven APAC countries and territories, indicates that employers expect to maintain a steady hiring pattern as they head into the new year.
"The fact employers across the APAC region are indicating they will hold a steady and consistent hiring pattern into quarter one, amid ongoing global uncertainty, is positive news," said Francois Lancon, President – Asia Pacific & Middle East Region. "The latest figures suggest employers are continuing to demonstrate a level of resilience to the current economic conditions as they maintain their focus on hiring the talent they need for future growth.
Used internationally as a bellwether of labor market trends, the NEO is calculated by subtracting the percentage of employers who anticipate reductions in staffing levels from those who plan to hire.
To view the full press release and the complete results of the Q1 2025 ManpowerGroup Employment Outlook Survey, visit: https://manpower.com.vn/MEOS. The next survey will be released in March, reporting hiring expectations for the second quarter of 2025.
This press release contains forward-looking statements. Actual events or results may differ materially from those contained in the forward-looking statements, due to risks, uncertainties, and assumptions. ManpowerGroup disclaims any obligation to update any forward-looking or other statements in this release, except as required by law.
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ABOUT THE SURVEY
The ManpowerGroup Employment Outlook Survey is the most comprehensive, forward-looking employment survey of its kind, used globally as a key labor market indicator. The Net Employment Outlook (NEO) is derived by taking the percentage of employers anticipating an increase in hiring activity and subtracting from this the percentage of employers expecting a decrease in hiring activity.
SURVEY METHODOLOGY
The methodology used to collect the data for the Employment Outlook has been digitized in 42 markets for the Q1 2025 report. Survey responses were collected from October 1-31, 2024. The question asked and the respondent profile remains unchanged. Size of organization and sector are standardized across all countries and territories to allow international comparisons.
*Note: Chile joined the program in Q2 2024. There is currently no historical data, and the data has not been seasonally adjusted.
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 hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 75 countries and territories and has done so for more than 75 years. We are recognized consistently for our diversity – as a best place to work for Women, Inclusion, Equality, and Disability, and in 2024 ManpowerGroup was named one of the World's Most Ethical Companies for the 15th time – all confirming our position as the brand of choice for in-demand talent.
For more information, visit www.manpowergroup.com, or follow us on LinkedIn, X, Facebook, and Instagram.
ABOUT MANPOWERGROUP VIETNAM
ManpowerGroup is the leading global recruitment, staffing and outsourcing company in Vietnam, operating in the country since 2008. We are the first 100% foreign invested company licensed to provide recruitment, staffing and outsourcing services by the Ministry of Labor, Invalids and Social Affairs (MOLISA) since our first footprints in Vietnam. With our thorough understanding of staffing trends and our deep pool of highly qualified candidates, Manpower can deliver the talent, matching the right individual to the right job – faster and with better business results.
For more information, visit www.manpower.com.vn, or follow us on LinkedIn and Facebook.
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