Czech employers anticipate a slight increase in staffing levels during 3Q 2018, reporting a seasonally adjusted Net Employment Outlook of +4%. Hiring prospects improve by 2 and 4 percentage points from 2Q 2018 and 3Q 2017, respectively.
Staffing levels are forecast to grow by varying degrees in only five of 10 industry sectors and two of three regions during 3Q 2017. However, Outlooks weaken in nine sectors and two regions when compared with the previous quarter, while employers report decreases in seven sectors and all three regions when compared with 3Q 2016.
“Czech unemployment rate remains the lowest in Europe and GDP growth is one of highest and according to the ManpowerGroup Employment Outlook Survey positive pace of hiring will continue also in the 3rd quarter which is usually the strongest season on the labor market. We observe structure shifts in demand for new employees in the Czech economy. Since last quarter there is decrease in hiring intentions in manufacturing, logistics and increase in services. Anyway, 31 % of large companies plan to increase number of staff and in-demand profiles are now emphasizing specialized skills in IT, engineering, skill trades or. On the other hand, there is an oversupply in middle-class positions in back office positions,” said Jaroslava Rezlerová, Managing Director of ManpowerGroup Czech Republic.
Industry sector comparisons
Employment levels are expected to grow in seven of 10 industry sectors and all three regions during the third quarter of 2018. In comparison with the previous quarter, hiring plans improve in five sectors, but weaken in two regions, while employers report stronger hiring prospects in six sectors and two regions when compared with this time one year ago. Electricity, Gas & Water sector employers report the strongest of the 10 industry sector Outlooks. Standing at +13%, the Outlook improves by 14 percentage points both quarter-over-quarter and year-over-year.
The weakest sector Outlook of -7% is reported by Mining & Quarrying sector employers, declining by 3 percentage points when compared with the previous quarter, but improving by 2 percentage points in comparison with last year at this time.
The strongest of the three Czech regional Outlooks is reported in Moravia (+8%), improving by 7 and 8 percentage points from 2Q 2018 and 3Q 2017, respectively.
Meanwhile, the weakest regional Outlooks of +2% are reported in the other two regions:
The Prague Outlook remains relatively stable both quarter-over-quarter and year-over-year.
Hiring plans are relatively stable in Bohemia when compared with the previous quarter, but decline by 3 percentage points year-over-year.
Organization Size Comparisons
Employers in all four organization size categories expect to increase staffing levels in 3Q 2018. Large employers report the strongest hiring intentions with a bright Outlook of +31%, while the most cautious hiring plans are reflected in an Outlook of +2% reported by Micro employers.
Source: ManpowerGroup Czech Republic
29th August 2019
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