Q4
2024
ManpowerGroup Employment Outlook Survey
Asia Pacific Findings - Preview
© ManpowerGroup Employment Outlook Survey
Executive Summary
In the latest edition of the ManpowerGroup Employment Outlook Survey, 10,087 employers from 7 APAC countries and territories were asked about their fourth quarter hiring intentions, ESG and DEIB workforce strategies, and more.
27% APAC Net Employment Outlook: Calculated by subtracting employers planning reductions vs. those planning to hire.* Increasing 4 percentage points since the previous quarter but weakening when compared to the same time last year by -5%.
91% of companies of organizations do not have the talent they need to meet their Environmental, Social, and Governance (ESG) goals.
Nearly half (54%) of companies have formal LGBTQIA+ inclusion strategies, and another 20% are developing them.
Highest Hiring Demand in APAC:
Financials and Real Estate
Information Technology
Industrials and Materials
*Net Employment Outlook results range from +100% to –100%
APAC Employment Outlook for Q4 2024
APAC Net Employment Outlook
43%
16%
38%
3%
of employers anticipate an increase in hiring
anticipate a decrease
report no change
are unsure
Used internationally as a bellwether of labor market trends, the Net Employment Outlook (NEO) — calculated by subtracting the percentage of employers who anticipate reductions to staffing levels from those who plan to hire — is now 27%.
Q4 APAC Employment Outlooks - Preview
Changes Over Time
Net Employment Outlook Changes Over Time
APAC outlooks have increased 4 percentage points since the previous quarter but weakened when compared to the same time last year by 5%.
APAC Workforce Trends
Q4 APAC Workforce Trends - Preview
Gen Z Workforce Employer Sentiment
Workplaces Advancing LGBTQIA+ Inclusion
More than half (54%) of companies have formal LGBTQIA+ inclusion strategies and another 20% are developing them.
No Action Taken
10%
Initiating
No formal strategy but rely on common courtesy and manners
20%
Experimenting
Planning & developing effective approaches but haven’t implemented
Scaling
Implementing & expanding initiatives company-wide
26%
Transforming
Initiatives are fundamentally changing the company culture
15%
Leading
Leading the industry & continuously innovating new initiatives
13%
ESG Skills Gap Continues for Majority of Companies
91% of employers say they lack the talent needed to achieve their Environmental, Social, and Governance (ESG) goals.
Upskill and Train Existing Talent
58%
2022
59%
Recruit new, external talent
44%
48%
Adding ESG responsibilities to existing, current roles
42%
51%
Bring in external consultants
31%
36%
We have all the talent we need
9%
6%
Thank you for reading the
Download the full report for detailed findings on: - Global employment outlook and workforce trends - Employment outlook by sector and company size - Balance of power between employers and employees - Strategies for workforce retention - Ideas on fostering diversity and inclusion
Q4 2024 ManpowerGroup Employment Outlook Survey APAC Findings - Preview
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