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%
Financials and Real Estate
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.
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
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 outlooks have increased 4 percentage points since the previous quarter but weakened when compared to the same time last year by 5%.
Q4 APAC Employment Outlooks - Preview
Q4 APAC Employment Outlooks - Preview
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%
Q4 APAC Workforce Trends - Preview
Initiating
16%
No formal strategy
but rely on common courtesy and manners
20%
Initiating
No formal strategy
but rely on common courtesy and manners
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%
Q4 APAC Workforce Trends - Preview
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%
Q4 APAC Workforce Trends - Preview
2022
59%
2024
Recruit new,
external talent
2022
2024
44%
48%
Adding ESG responsibilities to existing, current roles
2022
2024
42%
51%
Bring in external consultants
2022
2024
31%
36%
We have all the talent we need
2022
2024
9%
6%
Q4 APAC Workforce Trends - Preview
Thank you for reading the
Download the full report for detailed findings on:
- Regional 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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