ManpowerGroup Employment Outlook Survey - Q4 2024

• As global recruitment firm ManpowerGroup reports an increase in UK employer hiring confidence, why isn’t this ‘growth’ mindset translating into more net new jobs?
• Both employers and the Government share ambitions to grow but caution is stalling action
• Employers have one of two choices: either sit tight and do nothing or make strategic hiring bets now to better position themselves for future success

UK employers are indicating a growth mindset with an optimistic recruitment outlook for Q4 (October to November) 2024, according to newly released data by the global recruitment firm, ManpowerGroup.

The positive Net Employment Outlook of +28% – a measure of business hiring confidence – has increased by eight percentage points on the quarter and by two percentage points on the year. The Outlook is calculated by surveying more than 2,000+ UK-based organisations about their recruitment plans for the next business quarter.

While the growth in confidence is to be welcomed following pre-election political uncertainty, ManpowerGroup views the Q4 hiring sentiment with cautious optimism because the positive hiring intent is not yet translating into new jobs.