http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.92Change: 0.11
R/$ = 11.01Change: 0.03
Au 1242.32 $/ozChange: -2.42
Pt 1265.50 $/ozChange: -4.50
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jun 13, 2012

Positive hiring expectations in most industrial sectors – survey

Back
Construction|Natal|Africa|Industrial|Manpower Group South Africa|Moody|Africa|Europe|Brazil|China|Greece|Hungary|India|Ireland|Italy|Russia|Singapore|South Africa|Spain|Taiwan|Turkey|Finance|Mining|Real Estate|Services|Transport|Wholesale And Retail Trade Sector Employers|Eastern Cape|Western Cape|Lyndy Van Den Barselaar|Eastern Cape
Construction||Africa|Industrial||Africa|||Mining|Services|Transport||||
construction|natal|africa-company|industrial|manpower-group-south-africa|moody|africa|europe|brazil|china|greece|hungary|india|ireland|italy|russia|singapore|south-africa|spain|taiwan|turkey|finance|mining|real-estate|services|transport-industry-term|wholesale-and-retail-trade-sector-employers|eastern-cape|western-cape|lyndy-van-den-barselaar|eastern-cape-province-or-state
© Reuse this



The strong hiring prospects for the third quarter of 2012 reported in nine of the ten measured industry sectors, augured well for job seekers, the latest Manpower Employment Outlook Survey showed.

In the wholesale and retail trade sector employers recorded a net employment outlook of +12%, while the mining and quarrying sector reported a cautiously optimistic outlook of +8%.

The outlook for the finance, insurance, real estate and business services sector was at +7% and in the transport, storage and communication sector, as well as the construction sector, employer outlook was encouraging with outlooks of +6%.

In general, 11% of South African employers forecast an increase in staffing levels, 7% anticipated a decrease and 81% expected no change, resulting in a net employment outlook of +4%.

However, the survey, which was released on Wednesday, indicated that once the data was adjusted to allow for seasonal variation, the outlook would stand at +6%. This meant that the number of employers planning to take on more staff exceeded the percentage that planned to reduce staffing levels.

The third-quarter outlook was up from -2% in the second quarter, the weakest forecast since the survey began in 2006, and from -1% in the first quarter.

On a provincial scale, employers in four of five regions expected to increase staffing levels in the third quarter.

The most optimistic forecast was in the Eastern Cape, where the net employment outlook stood at a cautiously optimistic +8%. Outlooks of +7% were reported in Gauteng and the Western Cape, in the Free State the outlook was +4%, while employers in KwaZulu-Natal reported a disappointing outlook of -4%.

Quarter-on-quarter, hiring prospects strengthened in all five regions. Employers in Gauteng and the Eastern Cape reported outlook improvements of +8% and the Western Cape outlook improved by 4 percentage points.

Compared with the corresponding quarter last year, hiring prospects strengthened in three of the five regions. The outlook for Eastern Cape improved by10 percentage points, and a 5 percentage point increase was recorded in the Western Cape.

Meanwhile, weaker hiring plans were evident in two regions, including KwaZulu-Natal, where the outlook declined by 4 percentage points and marking a 1% fall year-on-year.

Manpower Group South Africa MD Lyndy van den Barselaar stated: “There is no doubt that the ongoing concerns and uncertainty in Europe continue to weigh on the minds of employers in the global labour market. However, investment into developing countries and the African continent have seen growth outstripping richer nations in some sectors, leading to increased positivity.

“Further, positive financial indications such as the report by the credit agency Moody’s Investor Services, indicating that the exposure that sub-Saharan banks have to the euro area crisis is limited, contribute to an encouraging outlook for the third quarter.”

She added that although hampered by weaker global demand, growth could gain momentum through 2012, and increase trade and create new positions. Talk of protecting certain South African industries from cheaper foreign imports was also fostering a healthy environment for growth and job creation in these industries.

“Membership in the Brazil, Russia, India, China and South Africa (Brics) group is also continuing to contribute to a positive outlook for the country as other Brics members show ongoing robust growth. Overall though, the figures look encouraging after the poor performance of the first two quarters of 2012, and may indicate a positive employment trend for the rest of the year,” Van den Barselaar enthused.

Meanwhile, despite high unemployment, South Africa seemed to be matching up talent with demand on a better scale than many other countries. Manpower’s recent Talent Shortage Survey for 2012 saw respondents peg South African businesses' difficulty in finding talent at 10% compared to the global average of 34%.

Globally, the Manpower Group’s research showed varying degrees of positive hiring activity in 33 of 41 countries and territories with the strongest third-quarter forecasts coming from employers in India, Taiwan, Brazil, Turkey and Singapore.

Compared to the second quarter, hiring activity was expected to be relatively stable or improve in 32 labour markets and weaken in 16. Compared to a year ago, job prospects weakened in 26 countries and territories, while it improved or remained relatively stable in 19.

Employer hiring expectations are weakest in Greece, Ireland, Spain, Italy and Hungary.
 

Edited by: Mariaan Webb
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Statistical Releases News
Development financier Eastern Cape Development Corporation (ECDC) on Tuesday reported a stable balance sheet for the 2013/14 financial year, boasting a net asset value of R1-billion at year-end. Speaking at the financier’s performance results at the ECDC headquarters...
Article contains comments
Violence and intimidation during times of employee strike action has become commonplace and altering South Africa’s legislation is unlikely to end the aggressive stance taken by disgruntled workers. South Africa’s “root problem” was not only the consequence of a...
A survey of all 475 JSE-listed companies has revealed that South African company directors, CEOs and CFOs are still predominantly white and male; however, there are “hopeful” signs of transformation within the younger generation. Research into the qualifications and...
Article contains comments
More
 
 
Latest News
Trade union Solidarity warned on Wednesday that ongoing restructuring and retrenchments in the information and communication technology (ICT) industry continued to put employees in the sector under “immense” pressure. This as the union claimed it had received...
Directors of investment holding company Combined Motor Holdings (CMH) say they are satisfied with the results achieved in the six months ended August 31, during which time the local economic environment continued to battle impediments to growth and national dealer...
In the Medium-Term Budget Policy Statement Finance Minister Nhlanhla Nene has outlined concrete plans to consolidate South Africa’s pubic finances and restore macroeconomic balances. The proposed adjustments – lower than planned spending and increased tax revenues -...
More
 
 
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
 
 
 
 
 
This Week's Magazine
The broad-based black economic-empowerment (BBBEE) alignment process in the con-struction sector has begun, dur-ing which the sector codes of the Construction Sector Charter Council (CSCC) will be aligned with the revised Codes of Good Practice (CoGP), which come...
It is second time lucky for Toby Venter. Ten years ago he negotiated to buy the Kyalami racetrack, but “the deal did not materialise”.
Environmental solutions company I-Cat started construction work on its R22-million, 1 949 m2 environmentally sustainable office and warehouse facility, commissioned by I-CAT Environmental Solutions, at a launch event in October. The new sustainable I-CAT campus,...
IAN EVANS AirWatch file synchronisation and sharing system was initially designed for a large airline company
Effective file synchronisation and sharing across an organisation’s structures can provide the basis for robust mobile-device and document management while maintaining proper backup, version control and content distribution. These are the lessons learned by complex...
Hotel group Carlson Rezidor currently holds the largest hotel pipeline in Africa with 30 hotels and 6 300 rooms under development. The hotel group develops and operates Radisson Blu in the upper upscale segment and Park Inn by Radisson in the mid-market segment. With...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks