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  • 7/31/2019 Manpower Employment Outlook Survey India

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    Manpower

    EmploymentOutlook SurveyIndia

    A Manpower Research Report

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    Manpower Employment Outlook SurveyIndia

    Q2

    /1

    1

    Contents

    India Employment Outlook 1Regional Comparisons

    Sector Comparisons

    Global Employment Outlook 8International Comparisons Asia Paciic

    International Comparisons Americas

    International Comparisons EMEA

    About the Survey 19

    About Manpower 20

    Manpower Employment Outlook SurveyIndia

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    No Change Dont Know

    % %

    Increase

    %

    Decrease

    %

    Net Employment

    Outlook

    %

    Seasonally

    Adjusted

    %

    2nd Quarter 2011 57 8 16 19 +49 +51

    2nd Quarter 2010 39 3 51 7 +36

    3nd Quarter 2010 44 2 46 8 +42

    +39

    +41

    4th Quarter 2010 47 5 36 12 +42 +39

    1st Quarter 2011 48 7 30 15 +41 +42

    The ManpowerEmployment OutlookSurvey or the secondquarter 2011 wasconducted by interviewinga representative sample o5,112 employers in India.

    All survey participantswere asked, How do youanticipate total employmentat your location to changein the three months tothe end o June 2011 ascompared to the current

    quarter?

    India Employment OutlookIndian employers predict a booming labor market in

    Quarter 2 2011. While 57% o employers expect toincrease staing levels, 8% orecast a decrease and 16%

    anticipate no change, resulting in a Net Employment

    Outlook o +49%. This is the most optimistic Outlook

    reported since the survey began in Quarter 3 2005.

    Throughout this report, we use the term Net

    Employment Outlook. This igure is derived by

    taking the percentage o employers anticipating total

    employment to increase and subtracting rom this the

    percentage expecting to see a decrease in employment

    at their location in the next quarter. The result o this

    calculation is the Net Employment Outlook.

    The Outlook strengthens both quarter-over-quarter and

    year-over-year, improving by 8 and 13 percentage points,

    respectively.

    Once the data is adjusted to allow or seasonal variation,

    the Outlook stands at +51% with Indian employers

    reporting the strongest hiring intentions since the survey

    began. Quarter-over-quarter, hiring plans improve by 8

    percentage points, while year-over-year, the Outlook is

    13 percentage points stronger.From this point orward, all data discussed in the

    commentary is seasonally adjusted, unless stated

    otherwise.

    1

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    India joined the survey in Q3 2005.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

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    Manpower Employment Outlook SurveyIndia

    Regional ComparisonEmployers in all our regions report bullish hiring

    intentions or Quarter 2 2011. The most optimistic

    orecast is reported by employers in the South,where the Net Employment Outlook stands at +58%,

    while Outlooks o +54% and +53% are reported by

    employers in the North and the East, respectively. In the

    West, the Outlook stands at +43%.

    Quarter-over-quarter, employers report stronger hiring

    plans in three o the our regions. The Outlook in the

    North strengthens sharply, increasing by 22 percentage

    points, while in the East, employers report an 11

    percentage point improvement. The Outlook or the

    South strengthens by 7 percentage points. Meanwhile,in the West, the Outlook declines by 6 percentage

    points.

    When compared with Quarter 2 2010, hiring

    plans strengthen in all our regions. Considerable

    improvements o 19 percentage points are reportedin the Outlooks or the North and the South, and

    employers in the East report a 16 percentage point

    increase. In the West, meanwhile, a slight improvement

    o 2 percentage points is reported.

    Based on unadjusted survey data, employers in the

    East, South and North all orecast dynamic hiring

    activity in the upcoming quarter, and a brisk hiring pace

    is expected in the West. Considerable improvement

    is reported in the Outlook or three regions quarter-

    over-quarter, although the Outlook or the West ismoderately weaker. Year-over-year, hiring prospects are

    stronger in all our regions.

    305 10 15 20 25 35 40 45 50 55 60

    North Region

    East Region

    Net Employment Outlook

    South Region

    West Region

    0

    58

    54

    53

    55

    58

    38

    52

    43

    Seasonally Adjusted Outlook

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    NorthWith a Net Employment Outlook or Quarter 2 2011 o

    +54%, employers report the most optimistic hiring plans

    since the survey began in Quarter 3 2005. The Outlook

    improves sharply quarter-over-quarter, increasing by

    22 percentage points, while year-over-year, it is 19

    percentage points stronger.

    Based on unadjusted survey data, employers predict

    a vigorous hiring pace in the coming quarter. A steep

    increase is reported in the Outlook quarter-over-quarter,

    and hiring plans are also considerably stronger year-

    over-year.

    SouthEmployers anticipate a vigorous hiring pace in Quarter

    2 2011, reporting a Net Employment Outlook o +58%.

    This is the strongest Outlook reported or the region

    since the survey began in Quarter 3 2005. The Outlook

    improves by 7 percentage points quarter-over-quarter,

    and by 19 percentage points year-over-year.

    Based on unadjusted survey data, employers orecast a

    booming labor market in Quarter 2 2011. The Outlook

    is considerably stronger both quarter-over-quarter and

    year-over-year.

    EastEmployers in the East orecast a dynamic labor market

    in Quarter 2 2011, reporting a Net Employment Outlook

    o +53%, the strongest reported in the region since

    the survey began in Quarter 3 2005. Considerable

    improvements are reported in the Outlook both

    quarter-over-quarter and year-over-year, by 11 and 16

    percentage points, respectively.

    Based on unadjusted survey data, employers report

    bullish hiring plans or the coming quarter. The Outlook

    is considerably stronger both quarter-over-quarter and

    year-over-year.

    WestIn the West, employers report bullish hiring plans or

    Quarter 2 2011, with a Net Employment Outlook o

    +43%. Quarter-over-quarter, the Outlook declines by 6

    percentage points, but year-over-year it is 2 percentage

    points stronger.

    Based on unadjusted survey data, employers anticipate

    a brisk hiring pace in the coming quarter, despite a

    moderate decline in the Outlook when compared with

    the previous quarter. Year-over-year, the Outlook isslightly stronger.

    50

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    2003 2004 2005 2006 2007 2008 2009 2010 2011

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    10

    0

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    2003 2004 2005 2006 2007 2008 2009 2010 2011

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    0

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    2003 2004 2005 2006 2007 2008 2009 2010 2011

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    2003 2004 2005 2006 2007 2008 2009 2010 2011

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    Manpower Employment Outlook SurveyIndia

    Sector ComparisonsEmployers in all seven industry sectors anticipate

    booming hiring prospects during Quarter 2 2011. The

    most bullish orecasts are reported in the Manuacturingsector and the Finance, Insurance & Real Estate sector,

    with Net Employment Outlooks o +56% and +55%,

    respectively. Dynamic hiring activity is also expected

    in the Public Administration & Education sector and in

    the Wholesale & Retail Trade sector, with Outlooks o

    +52%.

    Quarter-over-quarter, hiring prospects strengthen in six

    o the seven industry sectors. The most noteworthy

    increase o 19 percentage points is reported in the

    Finance, Insurance & Real Estate sector. Elsewhere,the Mining & Construction sector Outlook increases by

    16 percentage points, and employers in the Wholesale

    & Retail Trade sector report a 13 percentage point

    improvement. The Outlook or the Public Administration

    & Education sector improves by 12 percentage points.

    Year-over-year, stronger hiring plans are reported in

    all seven industry sectors. Wholesale & Retail Trade

    sector employers report a sharp Outlook increase o22 percentage points, while in both the Manuacturing

    sector and the Public Administration & Education

    sector, Outlooks improve by 19 percentage points.

    Transportation & Utilit ies sector employers report a

    17 percentage point improvement, and the Outlook

    or the Finance, Insurance & Real Estate sector is 16

    percentage points stronger.

    Based on unadjusted survey data, employers in all

    seven industry sectors predict a dynamic hiring pace

    in the coming quarter. The most bullish orecasts arereported in the Manuacturing sector and in the Public

    Administration & Education sector. Quarter-over-quarter,

    the Outlook improves in six sectors, while year-over-

    year employers in all seven sectors report stronger

    hiring prospects.

    Finance, Insurance & Real Estate

    Manufacturing

    Mining & Construction

    Public Administration & Education

    Services

    47

    51

    45

    51

    0 305 10 15 20 25

    Transportation & Utilities

    Wholesale & Retail Trade

    50

    55

    56

    52

    52

    35 40 45 50 55 60 65 70

    44

    41

    48

    52

    Net Employment Outlook Seasonally Adjusted Outlook

    55

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    Finance, Insurance & Real Estate

    With a Net Employment Outlook or Quarter 2 2011

    o +55%, sector employers report the strongest hiring

    intentions since the survey began in Quarter 3 2005.

    The Outlook improves by 19 percentage points quarter-

    over-quarter and by 16 percentage points year-over-

    year.

    Based on unadjusted survey data, employers predict

    a dynamic hiring pace or the coming quarter. The

    Outlook is considerably stronger both quarter-over-

    quarter and year-over-year.

    50

    60

    70

    40

    30

    20

    10

    0

    -10

    -20

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    Manuacturing

    Employers anticipate a booming labor market in

    Quarter 2 2011, reporting a Net Employment Outlook

    o +56%. This is the most optimistic Outlook reported

    in the sector since the survey began in Quarter 3

    2005. Quarter-over-quarter, the Outlook improves by

    10 percentage points, while year-over-year it is 19

    percentage points stronger.

    Based on unadjusted survey data, employers report

    bullish hiring intentions or the upcoming quarter. The

    Outlook strengthens considerably both quarter-over-

    quarter and year-over-year.

    50

    60

    70

    40

    30

    20

    10

    0

    -10

    -20

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    Mining & Construction

    Sector employers predict a vigorous hiring pace in

    Quarter 2 2011, reporting a Net Employment Outlook

    o +51%. Hiring prospects strengthen considerably

    both quarter-over-quarter and year-over-year, with the

    Outlook improving by 16 and 15 percentage points,

    respectively.

    Based on unadjusted survey data, employers predict

    a dynamic labor market in the coming quarter. TheOutlook strengthens considerably both quarter-over-

    quarter and year-over-year.

    Public Administration & Education

    Sector employers report the most optimistic hiring

    plans since the survey began in Quarter 3 2005, with a

    bullish Net Employment Outlook o +52%. The Outlook

    is considerably stronger both quarter-over-quarter and

    year-over-year, improving by 12 and 19 percentage

    points, respectively.

    Based on unadjusted survey data, employers orecast

    a dynamic hiring pace or the coming quarter. TheOutlook is considerably stronger quarter-over-quarter

    and improves sharply year-over-year.

    50

    60

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    40

    30

    20

    10

    0

    -10

    -20

    2003 2004 2005 2006 2007 2008 2009 2010 2011

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    60

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    2003 2004 2005 2006 2007 2008 2009 2010 2011

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    Manpower Employment Outlook SurveyIndia

    Services

    With a Net Employment Outlook o +51%, employers

    anticipate a booming labor market in Quarter 2 2011.

    The Outlook is unchanged quarter-over-quarter, and

    improves by 3 percentage points year-over-year.

    Based on unadjusted survey data, employers predict

    vigorous hiring activity in Quarter 2 2011. While the

    Outlook declines slightly quarter-over-quarter, it is

    slightly stronger year-over-year.

    Transportation & Utilities

    Employers orecast a dynamic hiring pace in Quarter

    2 2011, reporting a Net Employment Outlook o

    +41%. Quarter-over-quarter, the Outlook improves by

    5 percentage points, while year-over-year, employers

    report an increase o 17 percentage points.

    Based on unadjusted survey data, employers report

    bullish hiring intentions or the coming quarter. The

    Outlook is moderately stronger when compared with

    the previous quarter and improves considerably year-

    over-year.

    50

    60

    70

    40

    30

    20

    10

    0

    -10

    -20

    2003 2004 2005 2006 2007 2008 2009 2010 2011

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    30

    20

    10

    0

    -10

    -20

    2003 2004 2005 2006 2007 2008 2009 2010 2011

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    Wholesale Trade & Retail Trade

    Job seekers in the sector are likely to beneit rom

    the most optimistic hiring prospects since the survey

    began in Quarter 3 2005, according to employers, who

    report a Net Employment Outlook or Quarter 2 2011 o

    +52%. The Outlook improves by 13 percentage points

    quarter-over-quarter and by 22 percentage points year-

    over-year.

    Based on unadjusted survey data, employers predict a

    dynamic hiring pace in the coming quarter. The Outlook

    improves considerably quarter-over-quarter and is

    sharply stronger when compared to Quarter 2 2010.

    50

    60

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    40

    30

    20

    10

    0

    -10

    -20

    2003 2004 2005 2006 2007 2008 2009 2010 2011

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    Manpower Employment Outlook SurveyIndia

    Americas

    Asia Pacific

    Australia

    China

    Hong Kong

    Japan

    India

    New Zealand

    Singapore

    Taiwan

    EMEA*

    Austria

    Belgium

    Net Employment Outlook

    Quarter 2 2011Quarter 1 2011

    38 (38)1

    -7 (-3)1

    4 (4)1

    %

    21 (21)1

    2 (8)1

    16 (17)1

    20 (20)1

    41 (43)1

    27 (29)1

    32 (39)1

    29 (36)1

    2 (-1)1

    12 (12)1

    %

    23 (21)1

    21 (10)1

    18 (15)1

    19 (19)1

    49 (51)1

    30 (25)1

    45 (45)1

    5 (13)1

    14 (16)1

    25 (22)1

    16 (13)1

    16 (16)1

    16 (20)1

    -1 (1)1

    7 (10)1

    3 (3)1

    9 (8)1

    1 (3)1

    4 (0)1

    -5 (-2)1

    5 (6)1

    -4 (-3)1

    5 (9)1

    27

    2 (2)1

    3 (3)1

    3 (-1)1

    -3 (-3)1

    3 (6)1

    -4 (-5)1

    6 (4)1

    34

    -2 (-2)1

    Qtr on Qtr Change

    Q1 2011 to Q2 2011

    -9 (-2)1

    9 (2)1

    8 (8)1

    2 (0)1

    19 (2)1

    2 (-2)1

    -1 (-1)1

    8 (8)1

    3 (-4)1

    13 (6)1

    12 (14)1

    -2 (-2)1

    9 (9)1

    -1 (-1)1

    8 (8)1

    1 (1)1

    4 (4)1

    13 (13)1

    6 (6)1

    10 (11)1

    Yr on Yr Change

    Q2 2010 to Q2 2011Quarter 2 2010%

    24 (22)1

    35 (34)1

    17 (22)1

    36 (38)115 (15)1

    13 (2)1

    17 (14)1

    24 (19)1

    4 (1)1

    3 (3)1

    Bulgaria 4 15 11

    11 (8)1

    14 (10)1

    Costa Rica 22 (19)1 16 (17)1 -6 (-2)1 -7 (-7)123 (24)1Colombia 10 17 7 116

    25 (29)1

    United States 4 (8)1 10 (8)1 6 (0)1 2 (2)18 (6)1

    1 (1)1Czech Republic -5 4 9 9-5

    3 (2)1

    Greece -15 -10 5 -100

    Hungary 1 3 2 6-3

    5 (1)1

    -8 (-8)1

    -2 (-1)1

    4 (6)1

    -9 (-10)1South Africa 5 (3)1 6 (3)1 1 (0)1 -2 (-2)18 (5)1Slovenia 2 5 3

    Poland 5 12 7 -113

    Romania -2 5 7 12-7

    8 (6)1

    -10 (-11)1

    Canada

    Mexico

    Peru

    11 (0)1

    2 (0)1

    -9 (-2)1

    5 (5)136 4038Brazil 4 2

    20 (18)1 23 (22)118 (17)1Argentina 3 (4)1 5 (5)1

    2 (6)19 611Guatemala -3 -5

    -9 (-9)121 2215Panama 1 7

    *EMEA Europe, Middle East and Africa.

    1. Number in parentheses is the Net Employment Outlook when adjusted to remove the impact of seasonal variations in hiring activity. Please note that this data

    is not available for all countries as a minimum of 17 quarters worth of data is required.

    France

    Germany

    4 (2)1

    2 (-2)1

    2 (2)1

    6 (6)1

    Ireland

    Netherlands

    Norway

    Spain

    Turkey

    Italy

    Switzerland

    Sweden

    2 (0)1

    -1 (-1)1

    2 (-1)1

    -2 (0)1

    0 (-2)1

    1 (-5)1

    7

    -4 (-4)1

    5 (4)1

    -2 (-2)1

    5 (5)1

    -1 (0)1

    5 (5)1

    -2 (-2)1

    0 (2)1 2 (2)11 (1)1UK 2 (0)1 1 (1)1

    8 (9)1

    Global Employment Outlook

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    *Indicates unadjusted data.**Year-on-year unavailable for Bulgaria, Slovenia and Turkey which participated for the first time in Q1 2011.

    39 Countries and Territories 36 Countries and Territories**

    STRONGER

    WEAKER

    WEAKER

    STRONGER

    Quarter-on-QuarterMovement

    Year-on-YearMovement

    Bulgaria 11 pts.*

    Czech Republic 9 pts.*

    Belgium 8 pts.

    India 8 pts.

    Colombia 7 pts.*

    Poland 7 pts.*

    Romania 7 pts.*

    Turkey 7 pts.*

    Taiwan 6 pts.

    Greece 5 pts.*Argentina 4 pts.

    Brazil 4 pts.*

    Slovenia 3 pts.*

    Austria 2 pts.

    France 2 pts.

    Hungary 2 pts.*

    Japan 2 pts.

    Panama 1 pt.*

    Australia 0 pts.

    Canada 0 pts.

    Mexico 0 pts.

    Netherlands 0 pts.

    Norway 0 pts.

    South Africa 0 pts.

    United Kingdom 0 pts.

    United States 0 pts.

    Hong Kong -1 pt.

    Ireland -1 pt.

    Switzerland -1 pt.

    China -2 pts.

    Costa Rica -2 pts.

    Germany -2 pts.

    New Zealand -2 pts.

    Peru -2 pts.

    Spain -2 pts.

    Guatemala -3 pts.*

    Italy -4 pts.

    Singapore -4 pts.

    Sweden -5 pts.

    China 14 pts.

    India 13 pts.

    Romania 12 pts.*

    Taiwan 11 pts.

    Belgium 9 pts.

    Czech Republic 9 pts.*

    Italy 9 pts.

    Japan 8 pts.

    Panama 7 pts.*

    Germany 6 pts.Hungary 6 pts.*

    Mexico 6 pts.

    Singapore 6 pts.

    Argentina 5 pts.

    Canada 5 pts.

    Ireland 5 pts.

    Spain 5 pts.

    Hong Kong 4 pts.

    Netherlands 4 pts.

    Brazil 2 pts.*

    France 2 pts.

    United States 2 pts.

    Colombia 1 pt.*

    New Zealand 1 pt.

    United Kingdom 1 pt.

    Norway 0 pts.

    Australia -1 pt.

    Poland -1 pt.*

    Austria -2 pts.

    South Africa -2 pts.

    Sweden -2 pts.

    Switzerland -2 pts.

    Guatemala -5 pts.*

    Costa Rica -7 pts.

    Peru -9 pts.

    Greece -10 pts.*

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    Manpower Employment Outlook SurveyIndia

    Asia Pacific

    25%

    EMEA

    28%

    Americas

    47%

    Survey Respondents by Region

    Research or the Quarter 2 2011 Manpower

    Employment Outlook Survey involved surveying nearly

    64,000 human resources directors and senior hiring

    managers rom public and private organizations

    worldwide. 47% o respondents came rom 10

    countries in the Americas; 25% rom eight countries

    and territories across Asia Paciic; and 28% rom 21

    countries in EMEA.

    Nearly 64,000 employers have been interviewed across

    39 countries and territories to measure anticipated

    employment trends* between April and June 2011.

    Employers in 33 o the 39 countries and territories

    Manpower surveyed expect to add to their workorcesto varying degrees over the next three months.

    Employers in India, Taiwan, Brazil, China, Turkey and

    Singapore report the strongest irst-quarter hiring plans,

    while those in Greece, Spain, Ireland and Italy report the

    weakest hiring orecasts. The hiring pace is expected

    to improve rom three months ago in 18 o 39 countries

    and territories. In the 36 countries and territories where

    year-over-year comparisons are possible, the hiring

    pace is expected to improve in 25.

    Regionally, employers in the Americas and Asia Paciic

    continue to report positive Net Employment Outlooks.

    Employer demand or talent has improved somewhat

    rom 12 months ago in seven o eight Asia Paciic

    countries and territories, and in seven o 10 countries

    in the Americas. The conservative hiring Outlook in the

    U.S. is unchanged quarter-over-quarter but improves

    slightly rom last year at this time. Meanwhile, Indian

    employers report their most optimistic orecast sincethe survey began there in the third quarter o 2005.

    In the EMEA region, Outlooks improve in 11 o 21

    countries rom three months ago, with slight to

    moderate improvements reported by employers in all

    o the Eastern European countries surveyed. Year-over-

    year comparisons show improved job prospects in 11

    countries. European hiring intentions are strongest in

    Turkey, Bulgaria, Belgium and Poland while employers

    in Greece expect the hiring environment to remain

    gloomy.

    * Commentary is based on seasonally adjusted data

    where available.

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    International Comparisons Asia PaciicIn India, employers in each o the surveyed industry

    sectors and regions are orecasting a vigorous hiring

    pace in the next three months and the countrys NetEmployment Outlook is the most optimistic reported

    since the survey began in Q3 2005. Taiwanese

    employers are also orecasting the strongest hiring

    pace since their survey began in Quarter 2 2005. As in

    India, much o this optimism is ueled by conidence in

    the Manuacturing sector. Similarly, the Manuacturing

    sector is expected to provide mainland Chinese job

    seekers with the most job opportunities.

    Australia

    50

    40

    30

    20

    10

    0

    -10

    -20Seasonally Adjusted OutlookSeasonally Adjusted Outlook Net Employment OutlookNet Employment Outlook

    No bar indicates Net Employment Outlook of zero.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    China

    50

    40

    30

    20

    10

    0

    -10

    -20Seasonally Adjusted OutlookSeasonally Adjusted Outlook Net Employment OutlookNet Employment Outlook

    China joined the survey in Q2 2005.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    Hong Kong

    50

    40

    30

    20

    10

    0

    -10

    -20Seasonally Adjusted OutlookSeasonally Adjusted Outlook Net Employment OutlookNet Employment Outlook

    No bar indicates Net Employment Outlook of zero.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    India

    50

    40

    30

    20

    10

    0

    -10

    -20Seasonally Adjusted OutlookSeasonally Adjusted Outlook Net Employment OutlookNet Employment Outlook

    India joined the survey in Q3 2005.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    Nearly 16,000 interviews have been conducted across

    Australia, China, Hong Kong, India, Japan, New

    Zealand, Singapore and Taiwan to measure anticipatedhiring activity in Quarter 2 2011.

    Employer hiring expectations continue to be positive

    throughout the region where job prospects improve

    year-over-year in seven o the eight countries

    and territories surveyed. In a quarter-over-quarter

    comparison, employer optimism is mixed with Outlooks

    declining in our o the eight countries and territories.

    Regional hiring plans continue to be strongest in India,

    Taiwan and China, and weakest in Japan despite

    employers there reporting seven consecutive quarterso steadily improving Outlooks.

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    Manpower Employment Outlook SurveyIndia

    Japan New Zealand

    50

    40

    30

    20

    10

    0

    -10

    -20Seasonally Adjusted OutlookSeasonally Adjusted Outlook Net Employment OutlookNet Employment Outlook

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    50

    40

    30

    20

    10

    0

    -10

    -20Seasonally Adjusted OutlookSeasonally Adjusted Outlook Net Employment OutlookNet Employment Outlook

    New Zealand joined the survey in Q2 2004.

    No bar indicates Net Employment Outlook of zero.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    Singapore

    Seasonally Adjusted OutlookSeasonally Adjusted Outlook Net Employment OutlookNet Employment Outlook

    No bar indicates Net Employment Outlook of zero.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    -60

    -50

    -40

    -30

    -20

    -10

    0

    10

    20

    30

    40

    50

    60

    70

    Taiwan

    50

    40

    30

    20

    10

    0

    -10

    -20Seasonally Adjusted OutlookSeasonally Adjusted Outlook Net Employment OutlookNet Employment Outlook

    Taiwan joined the survey in Q2 2005.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

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    International Comparisons Americas

    likely to encounter the regions weakest employment

    prospects. U.S. employers remain cautiously optimistic:

    their orecast is unchanged rom the irst quarter andimproves slightly rom Quarter 2 2010. Opportunities

    or job seekers in Mexico will remain hopeul driven

    by strength in the Manuacturing industry sector.

    Similarly, Canadian employers remain upbeat, reporting

    their strongest second quarter Outlook in our years.

    Employers in Brazil expect the brisk hiring pace to

    continue driven by booming job prospects in the

    Construction industry sector where nearly six out o 10

    employers indicate they will add employees in the next

    three months.

    Argentina

    50

    40

    30

    20

    10

    0

    -10

    -20Net Employment OutlookNet Employment Outlook

    Argentina joined the survey in Q1 2007.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    Seasonally Adjusted OutlookSeasonally Adjusted Outlook

    Colombia

    50

    40

    30

    20

    10

    0

    -10

    -20Net Employment OutlookNet Employment Outlook

    Colombia joined the survey in Q4 2008.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    Brazil

    50

    40

    30

    20

    10

    0

    -10

    -20Net Employment OutlookNet Employment Outlook

    Brazil joined the survey in Q4 2009.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    Canada

    50

    40

    30

    20

    10

    0

    -10

    -20Seasonally Adjusted OutlookSeasonally Adjusted Outlook Net Employment OutlookNet Employment Outlook

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    Nearly 30,000 interviews have been conducted across

    Argentina, Brazil, Canada, Colombia, Costa Rica,

    Guatemala, Mexico, Panama, Peru and the UnitedStates to measure Quarter 2 2011 employment

    prospects. The data shows positive hiring intentions

    across the region or the next three months; quarter-

    over-quarter, the Net Employment Outlooks are

    expected to remain relatively stable or improve in

    seven o the 10 countries and improve in seven o 10

    countries in year-over-year data comparisons.

    Employers in Brazil, Argentina, Panama and Peru

    report the regions strongest hiring intentions, while

    job seekers in Guatemala and the United States are

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    USA

    50

    40

    30

    20

    10

    0

    -10

    -20

    Seasonally Adjusted OutlookSeasonally Adjusted Outlook Net Employment OutlookNet Employment Outlook

    No bar indicates Net Employment Outlook of zero.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    Costa Rica

    50

    40

    30

    20

    10

    0

    -10

    -20Seasonally Adjusted OutlookSeasonally Adjusted Outlook Net Employment OutlookNet Employment Outlook

    Costa Rica joined the survey in Q3 2006.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    Panama

    60

    -20

    -10

    0

    10

    20

    30

    40

    50

    Net Employment OutlookNet Employment Outlook

    Panama joined the survey in Q2 2010.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    Guatemala

    50

    40

    30

    20

    10

    0

    -10

    -20Net Employment OutlookNet Employment Outlook

    Guatemala joined the survey in Q2 2008.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    Peru

    60

    -20

    -10

    0

    10

    20

    30

    40

    50

    Seasonally Adjusted OutlookSeasonally Adjusted Outlook Net Employment OutlookNet Employment Outlook

    Peru joined the survey in Q2 2006.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    Mexico

    50

    40

    30

    20

    10

    0

    -10

    -20Seasonally Adjusted OutlookSeasonally Adjusted Outlook Net Employment OutlookNet Employment Outlook

    No bar indicates Net Employment Outlook of zero.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

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    International Comparisons EMEA

    job seekers ueled by a dynamic hiring pace in the

    Construction and Manuacturing industry sectors.

    Belgiums Outlook is notably improved quarter-over-

    quarter and year-over-year, driven in large part by

    the most optimistic Outlooks reported in the Finance

    & Business Services and the Wholesale & Retail

    Trade sectors since the Belgium survey began. The

    German hiring environment should remain encouraging

    or job seekers who can expect to ind the most

    promising opportunities in the Transportation, Storage

    & Communications and the Finance & Business

    Services sectors. Elsewhere, employers in Eastern

    Europe appear more conident with positive Outlooksstrengthening by varying degrees rom Quarter 1 2011.

    Austria

    50

    40

    30

    20

    10

    0

    -10

    -20Seasonally Adjusted OutlookSeasonally Adjusted Outlook Net Employment OutlookNet Employment Outlook

    No bar indicates Net Employment Outlook of zero.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    Belgium

    50

    40

    30

    20

    10

    0

    -10

    -20Seasonally Adjusted OutlookSeasonally Adjusted Outlook Net Employment OutlookNet Employment Outlook

    No bar indicates Net Employment Outlook of zero.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    Bulgaria

    Net Employment OutlookNet Employment Outlook

    Bulgaria joined the survey in Q1 2011.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    50

    40

    30

    20

    10

    0

    -10

    -20

    Czech Republic

    Net Employment OutlookNet Employment Outlook

    Czech Republic joined the survey in Q2 2008.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    50

    40

    30

    20

    10

    0

    -10

    -20

    Over 18,000 interviews have been conducted with

    employers across 21 EMEA countries to measure

    anticipated hiring activity or Quarter 2 2011.

    Second-quarter hiring expectations remain mixed, with

    employers in 15 countries reporting varying degrees

    o positive hiring activity. Net Employment Outlooks

    strengthen in 11 countries in both quarter-over-quarter

    and year-over-year comparisons. Hiring expectations

    are strongest in Turkey, Bulgaria, Belgium and Poland.

    The weakest hiring intentionsas well as the only

    negative Outlooks reported globallyare reported by

    employers in Greece, Spain, Ireland, Italy, Austria and

    Switzerland.

    Employers in Turkey are the regions most optimistic

    or the quarter ahead, with bright opportunities or

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    Italy

    Seasonally Adjusted OutlookSeasonally Adjusted Outlook Net Employment OutlookNet Employment Outlook

    No bar indicates Net Employment Outlook of zero.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    50

    40

    30

    20

    10

    0

    -10

    -20

    Ireland

    50

    40

    30

    20

    10

    0

    -10

    -20Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    Hungary

    50

    40

    30

    20

    10

    0

    -10

    -20Net Employment OutlookNet Employment Outlook

    Hungary joined the survey in Q3 2009.No bar indicates Net Employment Outlook of zero.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    Germany

    50

    40

    30

    20

    10

    0

    -10

    -20Seasonally Adjusted OutlookSeasonally Adjusted Outlook Net Employment OutlookNet Employment Outlook

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    Greece

    50

    40

    30

    20

    10

    0

    -10

    -20Net Employment OutlookNet Employment Outlook

    Greece joined the survey in Q2 2008.

    No bar indicates Net Employment Outlook of zero.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    France

    Seasonally Adjusted OutlookSeasonally Adjusted Outlook Net Employment OutlookNet Employment Outlook

    No bar indicates Net Employment Outlook of zero.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    50

    40

    30

    20

    10

    0

    -10

    -20

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    Netherlands

    50

    40

    30

    20

    10

    0

    -10

    -20Seasonally Adjusted OutlookSeasonally Adjusted Outlook Net Employment OutlookNet Employment Outlook

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    Norway

    50

    40

    30

    20

    10

    0

    -10

    -20Seasonally Adjusted OutlookSeasonally Adjusted Outlook Net Employment OutlookNet Employment Outlook

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    Poland

    50

    40

    30

    20

    10

    0

    -10

    -20Net Employment OutlookNet Employment Outlook

    Poland joined the survey in Q2 2008.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    Net Employment OutlookNet Employment Outlook

    Romania joined the survey in Q2 2008.

    No bar indicates Net Employment Outlook of zero.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    50

    40

    30

    20

    10

    0

    -10

    -20

    Romania

    South Arica

    50

    40

    30

    20

    10

    0

    -10

    -20 Net Employment OutlookNet Employment Outlook

    South Africa joined the survey in Q4 2006.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    Seasonally Adjusted OutlookSeasonally Adjusted Outlook

    Slovenia

    Net Employment OutlookNet Employment Outlook

    Slovenia joined the survey in Q1 2011.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    50

    40

    30

    20

    10

    0

    -10

    -20

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    Switzerland

    50

    40

    30

    20

    10

    0

    -10

    -20Seasonally Adjusted OutlookSeasonally Adjusted Outlook Net Employment OutlookNet Employment Outlook

    Switzerland joined the survey in Q3 2005.No bar indicates Net Employment Outlook of zero.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    Turkey

    Net Employment OutlookNet Employment Outlook

    Turkey joined the survey in Q1 2011.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    50

    40

    30

    20

    10

    0

    -10

    -20

    UK

    50

    40

    30

    20

    10

    0

    -10

    -20Seasonally Adjusted OutlookSeasonally Adjusted Outlook Net Employment OutlookNet Employment Outlook

    No bar indicates Net Employment Outlook of zero.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    Spain

    50

    40

    30

    20

    10

    0

    -10

    -20Seasonally Adjusted OutlookSeasonally Adjusted Outlook Net Employment OutlookNet Employment Outlook

    No bar indicates Net Employment Outlook of zero.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

    Sweden

    50

    40

    30

    20

    10

    0

    -10

    -20Seasonally Adjusted OutlookSeasonally Adjusted Outlook Net Employment OutlookNet Employment Outlook

    No bar indicates Net Employment Outlook of zero.

    2003 2004 2005 2006 2007 2008 2009 2010 2011

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    About the SurveyThe Manpower Employment Outlook Survey is conducted

    quarterly to measure employers intentions to increase or

    decrease the number o employees in their workorces during

    the next quarter. The survey has been running or more

    than 48 years and is one o the most trusted surveys o

    employment activity in the world. Various actors underpin the

    success o the Manpower Employment Outlook Survey:

    Unique: It is unparalleled in its size, scope, longevity and area

    o ocus.

    Projective:The Manpower Employment Outlook Survey is

    the most extensive, orward-looking employment survey in

    the world, asking employers to orecast employment over the

    next quarter. In contrast, other surveys and studies ocus on

    retrospective data to report on what occurred in the past.

    Independent: The survey is conducted with a representative

    sample o employers rom throughout the countries in which

    it is conducted. The survey participants are not derived rom

    Manpowers customer base.

    Robust: The survey is based on interviews with nearly

    64,000 public and private employers across 39 countries

    and territories to measure anticipated employment trends

    each quarter. This sample allows or analysis to be perormed

    across speciic sectors and regions to provide more detailed

    inormation.

    Focused: For nearly ive decades, the survey has derived all

    o its inormation rom a single question.

    Survey QuestionAll 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 o

    June 2011 as compared to the current quarter?

    MethodologyThe Manpower Employment Outlook Survey is conducted

    using a validated methodology, in accordance with the

    highest standards in market research. The research team or

    the 39 countries and territories where the survey is currently

    conducted includes Manpowers internal research team

    and Inocorp Ltd. The survey has been structured to be

    representative o each national economy. The margin o error

    or all national, regional and global data is not greater than

    +/- 3.9%.

    Net Employment OutlookThroughout this report, we use the term Net Employment

    Outlook. This igure is derived by taking the percentage

    o employers anticipating an increase in hiring activity and

    subtracting rom this the percentage o employers expecting

    to see a decrease in employment at their location in the next

    quarter. The result o this calculation is the Net Employment

    Outlook.

    Seasonal AdjustmentSeasonal adjustments have been applied to the data orArgentina, Australia, Austria, Belgium, Canada, Costa Rica,

    China, France, Germany, Hong Kong, India, Ireland, Italy,

    Japan, Mexico, Netherlands, New Zealand, Norway, Peru,

    Singapore, South Arica, Spain, Sweden, Switzerland,

    Taiwan, the United Kingdom and the United States to provide

    additional insight into the survey data. These adjustments

    make it possible to review the data without the employment

    luctuations that normally occur at the same time each

    year, thus providing a clearer picture o the data over time.

    Manpower intends to add seasonal adjustments to the data

    or other countries in the uture, as more historical data is

    compiled. Note that in Quarter 2 2008, Manpower adopted

    the TRAMO-SEATS method o seasonal adjustment or data.

    History o the Survey1962 First generation o the Manpower Employment Outlook

    Survey launched in the United States and Canada.

    1966 Manpowers United Kingdom operation launches the

    equivalent o the United States survey, naming the

    report the Quarterly Survey o Employment Prospects.

    The survey adopts the same orward looking researchormat as the United States survey and is the irst o its

    kind in Europe.

    1976 Second generation o Manpowers Employment

    Outlook Survey launched in the United States and

    Canada. Research methodology is updated to evolve

    with advancements in the ield o market research.

    2002 Manpower United Kingdom's Quarterly Survey o

    Employment Prospects is updated to adopt an

    enhanced research methodology. Manpower's

    operations in Mexico and Ireland launch the survey in

    their respective countries.

    2003 Third generation o the Manpower Employment

    Outlook Survey is launched, expanding the program

    to a total o 18 countries worldwide: Australia, Austria,

    Belgium, Canada, France, Germany, Hong Kong,

    Ireland, Italy, Japan, Mexico, Netherlands, Norway,

    Singapore, Spain, Sweden, the United Kingdom and

    the United States.

    2004 Manpower operations in New Zealand launch the

    Manpower Employment Outlook Survey.

    2005 Manpower operations in China, India, Switzerland, and

    Taiwan launch the Manpower Employment Outlook

    Survey.

    2006 Manpower operations in Costa Rica and Peru join the

    survey program. Surveys in Australia, Austria, Belgium,

    France, Germany, Hong Kong, Ireland, Italy, Japan,

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    Mexico, Netherlands, Norway, Singapore, Spain and

    Sweden add seasonally adjusted data in the third

    quarter. Manpower operations in South Arica launch

    the Manpower Employment Outlook Survey.

    2007 Manpower operations in Argentina join the ManpowerEmployment Outlook Survey. The survey in New

    Zealand adds seasonally adjusted data in the irst

    quarter.

    2008 Manpower operations in Colombia, the Czech

    Republic, Greece, Guatemala, Poland and Romania

    join the survey program. China and Taiwan add

    seasonally adjusted data in the second quarter. India

    and Switzerland add seasonally adjusted data in the

    third quarter.

    2009 Manpower operations in Hungary and Brazil launch the

    Manpower Employment Outlook Survey.

    2010 Manpowers Panama operation launches the

    Manpower Employment Outlook Survey, expanding the

    program total to 36 countries and territories worldwide.

    Peru adds seasonally adjusted data in the second

    quarter. Costa Rica adds seasonally adjusted data in

    the ourth quarter.

    2011 Beginning in the irst quarter, operations in Bulgaria,

    Slovenia and Turkey join the Manpower Employment

    Outlook Survey. Additionally, seasonally adjusted data

    is added in the irst quarter or Argentina and South

    Arica.

    About Manpower Inc.Manpower Inc. (NYSE: MAN), world leader in innovative

    workorce solutions; creates and delivers services that help

    clients meet their business and workorce objectives whileenhancing their competitiveness. The $19 billion company

    provides a ull suite o solutions or the business cycle

    including permanent, temporary and contract recruitment;

    employee assessment and selection; training; outplacement;

    outsourcing and consulting. Manpowers worldwide network

    o nearly 3,900 ofces in 82 countries and territories is the

    worlds largest in the industry and enables the company to

    meet the needs o its 400,000 clients per year, including small

    and medium size enterprises in all industry sectors, as well

    as the world's largest multinational corporations. The ocus

    o Manpowers work is on unleashing the potential o humans

    so that employers and individuals can achieve more than they

    imagined. More inormation about Manpower Inc. is available

    at www.manpower.com.

    Enter the Human Age at: www.manpower.com/humanage

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    Manpower Services India Pvt. Ltd.

    Ground Floor, Tower A

    Global Business Park

    MG Road, Gurgaon 122002

    Haryana, India

    Tel: +91 (124) [email protected]

    www.manpower.co.in