Manpower Unveils Optimistic Hiring Outlook for Bulgaria in Q4 2011

Business | September 14, 2011, Wednesday // 13:13|  views

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22% of Bulgarian employers expect to hire new workers in the last quarter of 2011, while a mere 9% are gearing up for staff cuts, according to Manpower's Employment Outlook Survey.

Apart from that, nearly two thirds of the hiring managers polled plan to leave their current workforces intact during the fourth quarter, signaling continued stability through the end of the year.

With a Net Employment Outlook of +13%, the hiring pace in Bulgaria is expected to remain similar to the previous quarter.

Employers from seven of the 10 industry sectors surveyed report positive forecasts for the upcoming quarter.

Employers in the Construction and the Finance, Insurance, Real Estate & Business Services sectors anticipate the most active fourth-quarter hiring pace, with both reporting Outlooks of +20%.

At the same time, hiring managers from the Agriculture, the Mining and the Restaurants & Hotels sectors report only negative fourth-quarter hiring perspectives.

Manpower's Employment Outlook Survey is released quarterly to measure employers' intentions to increase or decrease the number of employees in their workforce during the next quarter.

It is based on interviews with over 65 000 public and private employers across 41 countries and territories.

The survey has been administered for 50 years, with Bulgaria participating for a second year.

A total of 752 Bulgarian employers from ten industry sectors have been polled for the latest edition of Manpower's Employment Outlook. 

The companies are located only in Sofia, Plovdiv, Varna, Burgas and Ruse, the regions boasting the biggest investments, the lowest unemployment rates and the most active hiring.

This is why the perspectives outlined by Manpower are way more optimistic than the ones drawn by the National Statistical Institute (NSI), which indicate collapsing employment.

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Tags: Manpower, employment, industry, agriculture, mining, finance, insurance, restaurants and hotels, real estate, employment outlook, staff cuts


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