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Randstad/TNS OBOP: stable hiring plans despite mounting worries over economy


2011-12-05



Twenty-one percent of companies in Poland plan to add new jobs during the next six months (i.e. to the end of June 2012), according to a new wave of a tracker poll of 300 employers by Randstad and TNS OBOP. This is up one point from three months earlier. The proportion of businesses expecting to shed jobs over this period rose by one point to 17%, whereas the share of firms intending to maintain employment at current levels fell four points to 57%. The "don’t knows" increased two points to 5%. The apparent stability in hiring intentions is all the more significant in that employers’ views on the general economic outlook have considerably deteriorated since Q3, the study shows.

In terms of sectors, the outlook for hiring is strongest in financial intermediation services (40% of firms expecting to create new jobs, down by 2 p.p.), other services (33%, up 19 p.p.) and transport, logistics and communication (32%, down four). In manufacturing the figure fell four points to 20%.

Geographically, job creation is most likely to occur in southern and eastern Poland (23% each), the report suggests, but the differences between regions are small. As in previous quarters, the survey shows that employment prospects are best for production workers, followed by sales workers.

Meanwhile, the share of companies expecting to increase wages over the next six months rose five points to 24%, with 67% of the surveyed companies anticipating no change, down five. Four percent expect to cut wages, up one point. Manufacturing is the sector where wage increases are planned by the greatest percentage of firms (31%, up from 21%).

At the same time, employers’ expectations about the near-term outlook for the Polish economy have taken a further hit over the last quarter, with the proportion of firms predicting the economy to grow during the next six months down by 10 points to 11% and the share of those predicting that it would slip into recession rising by 12 points to 28%. Most (53%) still expect the economy to stagnate.

The survey was conducted between 3 and 9 November among 300 companies employing 10 and more people.



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