Manpower: 37 percent of employers plan to increase their workforce in the third quarter

By: Trademagazin Date: 2024. 06. 14. 10:04

37 percent of Hungarian employers plan to expand their workforce in the third quarter, after 31 percent measured in the previous quarter, the proportion of companies planning downsizing rose from 22 percent to 23 percent in the same period, according to Manpower Hungary’s quarterly labor market forecast published on Thursday.

According to the announcement, the seasonally adjusted Net Employment Indicator (NFM) reached an average value of +14 percent in the third quarter, which is an increase of 5 percentage points compared to the previous quarter and one percentage point higher compared to the third quarter of 2022.

The regional differences are significant in the index measuring the difference between hiring and attrition. The NFM indicator was the highest in the Northern Great Plain (+26 percent), the Southern Great Plain (+23 percent) and Budapest (+17 percent). The indicator did not reach the national average in Central Hungary (+11 percent) and a well below average increase in the number of employees is expected in the entire Western part of the country (+5-6 percent). In Northern Hungary (-11 percent), many more companies expect layoffs than hiring.