The Manpower Employment Outlook Survey in Peru
Peruvian employers report the most optimistic recruitment intentions in the
Americas, for the eighth consecutive quarter
Lima, June 11, 2008: Manpower Peru today announced the results of the
Manpower Employment Outlook Survey, its quarterly measurement of employer
hiring expectations. For the eighth quarter in a row, Peruvian employers reported
the most optimistic hiring intentions among all of the employers surveyed in the
Americas. Worldwide, only employers in India and Singapore expressed stronger
hiring intentions for the forthcoming quarter.
For the three-month period from July to September this year, Peruvian
employers, in all economic sectors and regions of the study, predict a hiring pace
that will surpass the employer optimism reported last quarter. The Net
Employment Outlook of +40% for the third quarter of 2008, is four percentage
points stronger than the Outlook reported last quarter.
Employers in the region of La Libertad are the most optimistic, reporting a trend
of Net Employment Outlook of +57%, followed by employers in the Great Lima
region, who report an Outlook of +53%. The survey also confirms that greater
optimism prevails among recruiters in both the capital of the Republic and in the
north of the country. Employers in the Ucayali region reported the weakest
regional Outlook, a still strong +24%.
Among the industry sectors included in this survey, Finance / Banking /
Insurance employers have expressed the most optimism in their plans to
incorporate staff for the third quarter of this year, with a Net Employment Outlook
of +61%. Employers in the Construction and Mining Sector are also reporting
dynamic opportunities for job seekers in the quarter ahead with a Net
Employment Outlook of 59% for the period July-September 2008 the – the most
optimistic Outlook since the survey was started in peru in the second quarter of
2006. By contrast, the weakest employer forecast is observed in the Trade
Sector, where the Outlook still stands at a healthy +27%.
Analyzing all sectors sampled, employers in six of the eight sectors are
forecasting improved hiring plans in relation to the second quarter of this year.
Only two, Manufacturing with +48% and Trade with +27%, are forecasting a
moderately weaker pace compared to the second quarter of 2008.
“A key aspect of economic growth is given by the virtuous relationship between
the financial sector and construction, which continues to drive demand for larger
projects and related activities that lead to the hiring of more workers. The
acquisition of Investment Grade and the imminent arrival of major foreign capital,
have produced increased optimism among employers in all industrial sectors and
regions. Nevertheless, the real growth in formal employment that has been
reported and confirmed by several reliable sources confirm what has been
consistently reported in Manpower’s survey of quarterly recruitment
expectations”, said Felipe Aguirre, General Manager of Manpower Peru . “The
Net Employment Outlook reported by employers in the Fields Mining and
Construction industry sector for the third quarter of 2008, is the strongest since
the survey began (+59%) which is a clear signal of optimism in this sector.”
For Felipe Aguirre, “We continue to strengthen expectations of employment in all
sectors and regions, mainly due to the permanence of the rules of the market
and regulatory stability that is allowing corporate planning under a vision of
medium and long term. While there are no abrupt changes in laws and
regulations, we can envision that this job growth will improve further,” he said.
Of the seven countries surveyed in the Americas, employers in Peru,
Costa Rica and Argentina are most optimistic about adding staff in the
next three months, while those in Canada are the least optimistic.
Mexican employers continue to be upbeat about hiring while employer
confidence in the U.S. continues to decline. Elsewhere in the world, t he
hiring forecasts from Spanish, Italian and Irish employers are the least optimistic.
Note to Editors
Full survey results for each of the 32 countries and territories included in
this quarter’s survey, plus regional and global comparisons, can be found
in the Manpower Press Room at www.manpower.com/meos. In addition,
all tables and graphs from the full report are available to be downloaded
for use in publication or broadcast from the Manpower Web site at
Note that in Quarter 2 of 2008, the survey adopted the TRAMO-SEATS
model for seasonal adjustment of data. As a result, you may notice some
seasonally adjusted data points change slightly from previous reports.
This model is recommended by the Eurostat department of the European
Union and the European Central Bank and is widely used internationally.
About the Survey
The Manpower Employment Outlook Survey is conducted quarterly to
measure employers’ intentions to increase or decrease the number of
employees in their workforce during the next quarter. It is the only
forward-looking survey of its kind, unparalleled in its size, scope,
longevity and area of focus. The Survey has been running for more
than 45 years and is one of the most trusted surveys of employment
activity in the world. The Manpower Employment Outlook Survey is
based on interviews with more than 55,000 public and private
employers worldwide and is considered a highly respected economic
The Manpower Employment Outlook Survey is currently available for 32
countries and territories: Argentina, Australia, Austria, Belgium,
Canada, China, Costa Rica, France, Germany, Hong Kong, India,
Ireland, Italy, Japan, Mexico, Netherlands, New Zealand, Norway, Peru,
Singapore, Spain, South Africa, Sweden, Switzerland, Taiwan, the
United Kingdom and the United States. The program began in the
United States and Canada in 1962, and the United Kingdom was added
in 1966. Mexico and Ireland launched the survey in 2002, and 13
additional countries were added to the program in 2003. New Zealand
joined the program in 2004, China, India, Switzerland and Taiwan were
added in 2005, and Peru, Costa Rica, South Africa and Argentina joined
in 2006. The Czech Republic, Greece, Guatemala, Poland and
Romania joined in 2008. For more information, visit the Manpower Inc.
Web site at www.manpower.com and enter the Research Center.
About Manpower Inc.
Manpower Inc. (NYSE: MAN) is a world leader in the employment
services industry; creating and delivering services that enable its clients
to win in the changing world of work. Celebrating its 60 th anniversary in
2008, the $21 billion company offers employers a range of services for
the entire employment and business cycle including permanent,
temporary and contract recruitment; employee assessment and
selection; training; outplacement; outsourcing and consulting.
Manpower's worldwide network of 4,500 offices in 80 countries and
territories enables the company to meet the needs of 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
focus of Manpower's work is on raising productivity through improved
quality, efficiency and cost-reduction across their total workforce,
enabling clients to concentrate on their core business activities.
Manpower Inc. operates under five brands: Manpower, Manpower
Professional, Elan, Jefferson Wells and Right Management. More
information on Manpower Inc. is available at www.manpower.com.
For more information Contact: Lillian Zapata
Phone: 2418521 / Mobile: 99932311
Felipe Aguirre Del Pino
Phone: 2125454 / Mobile: 998115788