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Randstad/TNS OBOP: hiring plans weaken amid rising worries about economic outlook


2011-09-06



Twenty percent of companies in Poland plan to add new jobs during the next six months (i.e. to the end of March 2012), according to a new wave of a tracker poll of 300 employers by Randstad and TNS OBOP. This is down by three points from three months earlier. The number of businesses expecting to shed jobs over this period rose by five points to 16%, whereas the share of firms planning to maintain employment at current levels remained unchanged at 61%.

In terms of sectors, the outlook for hiring appears to be strongest in financial intermediation services (42% of firms expecting to create new jobs, up by 10 p.p.) and transport, logistics and communication (36%, up six), followed by manufacturing (24%, down one). Geographically, job creation is most likely to occur in northern Poland (30%), followed by central Poland (22%). As before, the survey shows that employment prospects are brightest for production workers, followed by sales workers.

Meanwhile, the share of companies expecting to increase wages over the next six months fell three points to 19%, with 72% of the surveyed companies anticipating no change, down from 73%. Wage cuts are planned by 3% of companies, low but up from 1% three months earlier. Financial intermediation services is the sector where wage increases are planned by far the greatest percentage of firms (42%, down from 56%).

The survey also shows that in creating new jobs 40% of the surveyed companies took advantage of the relaxed labour laws introduced by the government’s anti-crisis package, but that its expiry was unlikely to have a negative effect on employment; and that the impact on their business of the opening up of the German labour market to workers from Poland in May is seen by almost all companies (94%) as negligible.

At the same time, employers’ views about the general economic outlook took a marked turn for the worse, with the number of firms predicting the economy to grow during the next six months down by 10 points to 21%, the share of those predicting that it would slip into recession rising by five points to 16%. Most (51%) expect the economy to stagnate.

The survey was conducted between 29 July and 9 August among 300 companies employing 10 and more people.



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