http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.21Change: 0.38
R/$ = 11.52Change: 0.14
Au 1209.80 $/ozChange: 13.71
Pt 1212.50 $/ozChange: 12.00
 
 
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|Environment|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|Environment|Industrial||Africa|||Mining|Services|Transport||||
construction|natal|africa-company|environment|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
While several municipalities have improved their financial status over the past year, 86 of South Africa’s 278 municipalities were financially distressed as at June 30. National Treasury’s latest report on local government’s finances, released this week, showed this...
South Africa's best-managed municipalities are in Gauteng and the Western Cape, according to a study released on Wednesday. "Western Cape and Gauteng municipalities remain typically the best managed and most competitive in a year ridden with protests," Municipal IQ...
More
 
 
Latest News
Lumwana, Zambia
Updated 7 hours ago Canada’s Barrick Gold Corp will suspend operations at its Lumwana copper mine, in Zambia’s Northwestern province, after the country enacted legislation that raised the royalty rate on openpit mining operations from 6% to 20%. TSX- and NYSE-listed Barrick, the world’s...
The Labour Court in Johannesburg has set aside the 2011-2014 metal sector wage agreement, the National Employers' Association of SA (Neasa) said on Thursday. The 2011-2014 wage deal was the result of an agreement between the Steel and Engineering Industries...
South African cement firm PPC on Wednesday named a mining industry veteran as chief executive, ending a three-month leadership vacuum that has hit its shares. PPC's former CE Ketso Gordhan abruptly resigned in September after clashing with the board. He then...
More
 
 
Recent Research Reports
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
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.
 
 
 
 
 
This Week's Magazine
South Africa remains an important manufacturing and export platform for Ford Motor Company, says executive chairperson Bill Ford. However, he adds that other countries on the continent are “becoming interesting”, and that the US carmaker is casting its net wider for...
TO BE PHASED INTO SERVICE The first MeerKAT dish, with another 63 to come
Germany’s Max-Planck-Society (MPG) and the Max-Planck-Institute for Radio Astronomy (MPlfR) are investing €11-million (about R150-million) into South Africa’s MeerKAT radio telescope array programme. The money will be used to design, build and install S-band radio...
Infrastructure spend in sub-Saharan Africa will grow from $70-billion in 2013 to $180-billion by 2025, says PwC capital projects and infrastructure Africa leader Jonathan Cawood. This is one of the findings of PwC’s Capital Projects & Infrastructure report on East...
Private-owned defence and aerospace manufacturer Paramount Group and the Ichikowitz Family Foundation unveiled its Anti-Poaching Skills and K9 Training Academy in Magaliesburg last month.
MATT BARKER Wireless networks should enable users to engage and must provide relevant information to them based on their activity and location
The inclusion of Bluetooth to provide sub-three meter accuracy and heightened functionality for users is one of the ways to change existing wireless networks into engagement networks. An engagement network differs from common wireless networks in that it enables the...
 
 
 
 
 
 
 
 
 
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