Global Q115 MEOSbro

SMARTJOBNO: 08003 QuARTeR12015

CLIeNT: MANpOweR

SuBJeCT:MeOSQ115gLOBALTwOCOLOuRuSLeTTeR

SIZe: A4

DOCNAMe: 08003MpCp_gLOBAL_2COL_uS_LeTTeR_Q115 pAge: 1

ARTwORkSIZe: 279.4mmx215.9mm(11inchesx8.5inches)DATe:20.11.14

87ChARTeRhOuSeSTReeTLONDONeC1M6hJTeL+44(0)2075534744

ManpoweremploymentOutlookSurveyglobal

Q1 2015


CLIeNT: MANpOweR


SIZe: A4




Over 65,000 employers across 42 countries and territories have been interviewed to measure anticipated labor market activity between January and March 2015.

All participants were asked, How do you anticipate total employment at your location to change in the three months to the end of March 2015 as compared to the current quarter?

(Additional details on page 2)

Contents

globalemploymentOutlook 1International Comparisons Americas 3International Comparisons Asia Pacific 7International Comparisons EMEA 10

AbouttheSurvey 17

AboutManpowergroupTM 18global

employm

ent

Outlook

ManpowerEmploymentOutlookSurvey 1


CLIeNT: MANpOweR


SIZe: A4




10 (11)1

1 (5)1

2 (2)1

%

7 (8)1

18 (21)1

25 (28)1

15 (15)1

41 (45)1

16 (18)1

37 (43)1

4 (10)1

10 (12)1

15 (16)1

3 (5)1

2 (5)1

-4 (-3)1

-3 (-2)1

7 (10)1

1 (3)1

0 (3)1

4 (6)1

14 (20)1

-7 (-5)1

1 (2)1

-4 (0)1

-1 (-1)1

-3 (-2)1

3 (2)1

-2 (1)1

-1 (0)1

-2 (0)1

-1 (2)1

-4 (3)1

-2 (-3)1

1 (0)1

3 (2)1

0 (1)1

6 (5)1

6 (6)1

1 (1)1

12 (12)1

0 (0)1

5 (5)1

5 (10)1 2 (2)1 4 (2)1

10 (8)1 5 (4)1 -5 (-4)115 (17)1 -5 (0)1 -2 (1)1

13 (16)1 1 (1)1 3 (3)1

1 (4)1 3 (6)1 1 (1)1

4 (8)1 1 (1)1 3 (3)1

5 (8)1 2 (4)1 2 (2)1

13 (10)1 8 (4)1 7 (6)15 (8)1 3 (2)1 3 (3)13 1 5

1 (5)1 -4 (-1)1 -3 (-3)1

1 (9)1 0 (0)1 0 (3)1

-1 (2)1

-6 (-4)1

4 (5)1

-1 (-1)16 (8)1 1 (0)1 -4 (-6)13 (3)1 0 (-2)1 -3 (-3)1

-2 (-2)19 (8)1 -4 (-3)1 -4 (-4)1

0 (0)118 (19)1 -3 (1)1 4 (4)1

EMEA Europe, Middle East and Africa.

1. Number in parentheses is the Net Employment Outlook when adjusted to remove theimpact of seasonal variations in hiring activity. Please note that this data is not available for all countries as a minimum of 17 quarters worth of data is required.

1 (4)1

-3 (0)14 (4)1

-8 -7 -2

0 (0)1

-4 (-2)1

-6 (-4)1

10 (13)1

-4 (-2)1

5 (6)1

-1 (0)1

-1 (1)1

-1 (-2)1

-3 (-4)1

-3 (-3)1

16 (16)1

7 -1 -3

-1 (-1)1

6 (6)1

2 (2)1

-2 (0)1

4 (7)1 -3 (1)1 1 (2)1

5 (5)1

* Indicates unadjusted data.

Quarter 1 2015 Net Employment Outlook

-15 -10 -5 0 5 10 15 20 25 30 35 40 45

-15 -10 -5 0 5 10 15 20 25 30 35 40 45

India

Taiwan

New Zealand

Japan

Turkey

Panama

Singapore

Colombia

Peru

United States

Hong Kong

Mexico

China

Bulgaria

Canada

Ireland

South Africa

Romania

Australia

Brazil

Costa Rica

Greece

Guatemala

Hungary

Slovenia

Israel

United Kingdom

Sweden

Austria

France

Germany

Poland

Czech Republic

Argentina

Norway

Slovakia

Spain

Belgium

Switzerland

Netherlands

Italy

Finland

+45%

+43%

+28%

+21%

+20%

+19%

+18%

+17%

+16%

+16%

+15%

+12%+11%

+10%

+10%

+10%

+10%

+9%+8%

+8%

+8%

+8%

+8%

+8%

+8%

+7%*

+7%

+6%

+5%

+5%

+5%

+5%

+4%

+3%

+3%

+3%*

+3%

+2%

-2%

-3%

-5%

-8%*

Quarter 1 2015Qtr on Qtr ChangeQ4 2014 to Q1 2015

Yr on Yr ChangeQ1 2014 to Q1 2015

Americas

Asia PacificAustralia

China

Hong Kong

Japan

India

New Zealand

Singapore

Taiwan

EMEA

Austria

Belgium

Bulgaria

Costa Rica

Colombia

United States

Czech Republic

Greece

Hungary

South Africa

SloveniaSlovakia

PolandRomania

Canada

Mexico

Peru

Brazil

Argentina

Guatemala

Panama

France

Germany

Finland

Ireland

Netherlands

Norway

Spain

Turkey

Italy

Switzerland

Sweden

Israel

UK

globalemploymentOutlook

2 ManpowerEmploymentOutlookSurvey


CLIeNT: MANpOweR


SIZe: A4




OutlooksremainpositiveinalleightAsiaPacificcountriesandterritories.First-quarterforecastsarestrongerinfivecountriesandterritoriesincomparisontoQuarter42014,weakeninonlyoneandareunchangedintwo.Employerhiringconfidencestrengthensyear-over-yearinsixcountriesandterritories,declinesinoneandisunchangedinone.EmployersinIndiareportthestrongesthiringplansaswellasthemostoptimisticacrosstheglobe,whiletheregionsweakestforecastisreportedbyAustralianemployers.

Employersineachofthe10countriessurveyedintheAmericasalsoreportpositiveOutlooks.Hiringconfidencestrengthensinfivecountries,dipsinthreeandisunchangedintwowhencomparedtothelastthreemonthsof2014.However,hiringactivityisexpectedtoslowcomparedtolastyearatthistimeinsixcountries,improveinonlythreeandremainunchangedinone.EmployersinPanamareportthestrongestfirst-quarterhiringplanswhilethoseinArgentinaexpecttheweakestjobgrowth.

Fullsurveyresultsforeachofthe42countriesandterritoriesincludedinthisquarterssurvey,plusregionalandglobalcomparisons,canbefoundat

http://manpowergroup.com/press/meos_landing.cfm.

ThenextManpowerEmploymentOutlookSurveywillbereleasedon10March2015toreporthiringexpectationsforthesecondquarterof2015.

*Commentaryisbasedonseasonallyadjusteddatawhereavailable.TheQuarter12015surveyrepresentsthefirsttimesurveyresultsforBulgaria,SloveniaandTurkeyareseasonallyadjusted.DataisnotseasonallyadjustedforFinland,IsraelandSlovakia.

ManpowerGroupinterviewedover65,000employersacross42countriesandterritoriestomeasureanticipatedlabormarketactivity*betweenJanuaryandMarch2015.Allparticipantswereasked,HowdoyouanticipatetotalemploymentatyourlocationtochangeinthethreemonthstotheendofMarch2015ascomparedtothecurrentquarter?

Forecastsindicatethatthehiringpaceinmostoftheworldslabormarketswillnotshiftdramaticallyincomparisontothreemonthsagoorlastyearatthistime.Staffinglevelsareexpectedtogrowbyvaryingmarginsinallbutfourcountriesbutthereislittleevidenceofabroad-basedaccelerationofhiringactivity.Instead,patternssimilartopriorquarterscontinue.EmployerconfidenceinboththeU.S.andtheUKcontinuestograduallyimprove.HiringintentionsinChinaandBrazilremainpositive,buttheenergeticpacethatoncecharacterizedbothlabormarketscontinuestoslowdowntomoremodestlevels.AndthehiringpaceinIrelandandSpainregainsmomentumasOutlooksagainturnpositivefollowingdipsintonegativeterritorythreemonthsago.

Acrosstheglobe,employersin38ofthe42countriesandterritoriesreportpositivefirst-quarterhiringplans.OutlooksaregenerallystrongerwhencomparedtotheQuarter42014andQuarter12014surveys;forecastsimprovein22countriesanddeclineinonly12quarter-over-quarter,andimprovein24countrieswhiledecliningin13year-over-year.HiringconfidencefortheJanuary-MarchtimeframeisonceagainstrongestinIndia,TaiwanandNewZealand.TheweakestandonlynegativeforecastsarereportedbyemployersinFinland,Italy,NetherlandsandSwitzerland.

IntheEurope,MiddleEast&Africa(EMEA)regionjobprospectsaremixed:Employersin20of24countriesforecastpayrollgainsinthequarterahead,whileemployersinfourcountriesexpectstaffinglevelstodecline.Thehiringforecastimprovesin12countriesquarter-over-quarter,andstrengthensin15inayear-over-yearcomparison.TurkishemployersreporttheregionsmostoptimistichiringplansforthefirstthreemonthsoftheyearwhilejobgrowthisexpectedtobeweakestinFinland.

TheManpowerEmploymentOutlookSurveyisManpowerGroupsquarterlyindexofemployerhiringconfidence.



CLIeNT: MANpOweR


SIZe: A4




Argentina +3 (+3)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Argentina joined the survey in Q1 2007 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014 2015

-20

-10

0

10

20

30

40

50

60

Over30,000employersfrom10countriesthroughoutNorth,CentralandSouthAmericaweresurveyedtomeasureexpectedhiringactivityforQuarter12015.Employerhiringintentionsarepositiveineachcountry,withOutlooksimprovingfromQuarter42014infivecountriesanddeclininginthree.Year-over-year,hiringprospectsstrengtheninthreecountriesbutweakeninsix.

EmployersinPanamareporttheregionsmostoptimistichiringplans,withmorethanoneofeveryfiveemployersindicatingtheywilladdtotheirpayrollsinthefirstthreemonthsoftheyear.JobseekersmaybenefitfromanespeciallyactiveforecastintheTransport&Communicationssector.Colombianemployersarealsoanticipatingafavorablefirst-quarterhiringclimatefueledbyanexpectedsurgeinjobopportunitiesintheFinance,Insurance&RealEstatesectorandcontinuedstronghiringactivityintheServicessector.

OpportunitiesforU.S.jobseekersareexpectedtocontinuegrowingsteadilyastheOutlookisnowthemostoptimisticsinceQuarter22008.ForecastsarepositiveineachindustrysectorandregionwithemployersintheLeisure&Hospitalitysectorreportingthestrongesthiringintentions.AnactivehiringpaceisalsoexpectedintheWholesale&RetailTradesectorwhereemployersreportthemostoptimistichiringplanssinceQuarter12001.Additionally,employerconfidenceintheConstructionsectoraswellasinallfourU.S.regionsisnowstrongerthanatanypointsincebeforetherecession.

InternationalComparisonsAmericasAsimilarlyupbeatforecastisreportedinPeru.SolidjobgainsareexpectedintheFinance,Insurance&RealEstatesector,aswellasintheManufacturingsectorwheretheforecastimprovesconsiderablyinbothquarter-over-quarterandyear-over-yearcomparisons.

EmployersremaincautiouslyoptimisticinCanadawithpositivehiringintentionsreportedinallindustrysectorsandregions.OpportunitiesforjobseekersareexpectedtobethemostfavorableintheFinance,Insurance&RealEstatesectorwherenearlyoneinfiveemployersintendtoaddtotheirpayrollsduringthefirstthreemonthsoftheyear.

InMexico,OutlooksarepositiveinallregionsandinallindustrysectorsdespitesharpdeclinesinthecountrysMining&ExtractionsectorwheretheforecastsinkstoitsweakestlevelsinceQuarter42009.

EmployerscontinuetoforecastjobgrowthinBrazil.However,theforecastremainsatitsleastoptimisticlevelsincethesurveystartedinQuarter42009.Additionally,employersintheManufacturingandtheConstructionsectorsreportthecountrysfirstnegativehiringintentionssincethesurveylaunched.

AlthoughhiringintentionsremainmostlypositiveinArgentina,employersareevidentlyexpressinguncertaintyaheadofthe2015electionsandamidcontinuinghighinflation;thecountrysforecastistheregionsweakestanddipstotheleastoptimisticlevelinmorethanfiveyears.



CLIeNT: MANpOweR


SIZe: A4




Brazil +6 (+8)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Brazil joined the survey in Q4 2009 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014 2015

-20

-10

0

10

20

30

40

50

60

Canada +4 (+10)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014 2015

-20

-10

0

10

20

30

40

50

60

Colombia +15 (+17)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Colombia joined the survey in Q4 2008 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014 2015

-20

-10

0

10

20

30

40

50

60

Costa Rica +10 (+8)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Costa Rica joined the survey in Q3 2006 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014 2015

-20

-10

0

10

20

30

40

50

60



CLIeNT: MANpOweR


SIZe: A4




Guatemala +9 (+8)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Guatemala joined the survey in Q2 2008 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014 2015

-20

-10

0

10

20

30

40

50

60

Mexico +10 (+12)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

50

60

Panama +18 (+19)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Panama joined the survey in Q2 2010 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014 2015

-20

-10

0

10

20

30

40

50

60

Peru +15 (+16)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Peru joined the survey in Q2 2006 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014 2015

-20

-10

0

10

20

30

40

50

60



CLIeNT: MANpOweR


SIZe: A4




+13 (+16)%United States of AmericaSeasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

50

60



CLIeNT: MANpOweR


SIZe: A4




ManpowerGroupinterviewedover15,000employersineightcountriesandterritoriesacrosstheAsiaPacificregiontomeasurehiringplansinQuarter12015.

Hiringplansremainpositivethroughouttheregion,withthestrongesthiringplansagainreportedbyemployersinIndia,TaiwanandNewZealand.OutlooksarestrongerinfivecountriesandterritoriesincomparisontoQuarter42014,weakeninoneandareunchangedintwo.Inayear-over-yearcomparison,Outlooksimproveinsixcountriesandterritories,declineinoneandremainunchangedinone.

Forthefourthconsecutivequarter,employersinIndiareportthemostoptimisticforecastamongall42countriesandterritoriesparticipatinginthesurvey.TheOutlookisunchangedfromthreemonthsagobutnotablystrongerinayear-over-yearcomparison,withconsiderableyear-over-yeargainsforecastinsixofsevenindustrysectorsandtwooffourregions.Talentisexpectedtoremaininshortsupplyacrossallsectors,butespeciallyinorganizationsassociatedwithIT,Finance,ConstructionandConsumerDurables.

AsimilarlyvigoroushiringpaceisexpectedinTaiwanwithemployersreportingthemostoptimisticforecastsincethesurveylaunchedinQuarter22005.Finance,Insurance&RealEstatesectoremployersreportthestrongestfirst-quarterhiringplans,whileOutlooksintheServicesandtheWholesale&RetailTradesectorsclimbtotheirmostoptimisticlevelssincethesurveystarted.

InternationalComparisonsAsiapacificOpportunitiesforJapanesejobseekerscontinuetogrowsteadilyandemployerhiringintentionsarestrongerthanatanypointsinceQuarter22008.ForthefifthconsecutivequarterMining&Constructionsectoremployersexpectthestrongestjobgrowth.Demandforengineers,ITandretailspecialistscontinues,andthisisdrivingforecastsinsixofsevenindustrysectorsandallthreeregionstotheirstrongestlevelssincebeforetherecession.

Buoyedbytheneedtotaptheirmassiveinternalmarket,Chinashiringpaceisexpectedtoremainsteadythroughthefirstthreemonthsof2015.Forecastsarepositiveinallindustrysectorsandallregions.However,Outlooksweakenbyvaryingmarginsinmostsectorsandregionsinayear-over-yearcomparison.OneexceptionistheServicessectorwhere,consistentwiththeshifttowardamoreservices-basedeconomy,theOutlookclimbsslightlyfromlastyearatthistime.

OpportunitiesforjobseekersremainsolidinNewZealandwheretheforecastisnowstrongerthanatanypointsinceQuarter22007.JobgrowthisexpectedtobestrongestintheMining&Constructionsectorwheremorethanfourof10employersindicatetheywilladdtotheirpayrollsinthefirstthreemonthsoftheyear.

ForecastsremainpositiveineachofAustraliasindustrysectorsandinallbutoneregion,butactivityassociatedwiththeimportantminingandresourcessectorremainsflat.Asaresult,overalljobgrowthremainsmodestandtheOutlookweakensslightlycomparedtothreemonthsago.

Australia +7 (+8)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

50

60



CLIeNT: MANpOweR


SIZe: A4




+10 (+11)%ChinaSeasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

China joined the survey in Q2 2005 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014 2015

-20

-10

0

10

20

30

40

50

60

Hong Kong +15 (+15)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

50

60

India +41 (+45)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

India joined the survey in Q3 2005 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014 2015

-20

-10

0

10

20

30

40

50

60

Japan +18 (+21)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

50

60



CLIeNT: MANpOweR


SIZe: A4




New Zealand +25 (+28)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

50

60

Singapore +16 (+18)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-50-40-30-20-100

10203040506070

Taiwan +37 (+43)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Taiwan joined the survey in Q2 2005 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014 2015

-20

-10

0

10

20

30

40

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60

10ManpowerEmploymentOutlookSurvey


CLIeNT: MANpOweR


SIZe: A4




ManpowerGroupsurveyedmorethan20,000employersin24countriesintheEurope,MiddleEastandAfrica(EMEA)regiontomeasureanticipatedQuarter12015hiringactivity.

First-quarterhiringpatternsremainmixedacrosstheregion.Positiveforecastsarereportedin20of24countries,comparedto18of24inQuarter42014.Outlooksimprovein12countriesinaquarter-over-quartercomparisonandweakenineight,andimprovein15countriesyear-over-yearanddeclineinonlysix.Thefirst-quarterforecastisstrongestinTurkey,whiletheweakestandonlynegativeforecastsarereportedbyemployersinFinland,Italy,theNetherlandsandSwitzerland.

Turkeysemployersexpectanactivehiringpacethroughthefirstthreemonthsoftheyear,boostedinpartbybrightprospectsinthecountrysManufacturingsectorwherecontinuingdemandfortalentinautomotiveandtextilecompaniesisexpectedtocreatemoreopportunitiesforjobseekers.PharmaceuticalandConstructionsectoremployersexpectasimilarlyactivehiringpace.

FrancesOutlookhasnowimprovedbymodestmarginsforthreeconsecutivequartersandemployerhiringplansarenowthemostoptimisticsinceQuarter12008.Thestrongestfirst-quarterhiringpaceisreportedbyFinance&BusinessServicessectoremployers.AnexpectedupturninFrancesautomotiveindustryhasManufacturingsectoremployersreportingtheirfirstpositiveforecastinnearlytwoyears.

InternationalComparisonseMeASimilarly,opportunitiesforjobseekersareexpectedtocontinueimprovingintheUnitedKingdom.Thecountrysmostpromisingfirst-quarterforecastsince2008ispropelledinpartbyconsiderablystrongerhiringsentimentintheConstructionsector.Elsewhere,employersinIrelandandSpainappeartohaveregainedconfidence,withfirst-quarterOutlooksinbothcountriesagainturningpositiveafterbriefslipsintonegativeterritoryinQuarter42014.

EmployersremaincautiouslyoptimisticinGermanywherethehiringpaceinallindustrysectorsandmostregionsisexpectedtoremainpositivethroughthefirstthreemonthsoftheyear.EmployersintheFinance&BusinessServicessectorcontinuetoreportthemostpromisinghiringplans.However,theManufacturingsectorOutlooksinkstoitsweakestlevelinovertwoyearsasemployersanticipatehowweakerproductdemandthroughouttheEurozonewillimpacttheircompanies.

Afterdippingslightlyinthepreviousquarter,employerconfidenceinHungaryreturnstoitsmostoptimisticlevelsincethesurveystartedinQuarter32009.TheManufacturingsectorOutlook,followingsixconsecutivequartersofgrowth,isnowthemostoptimisticforecastreportedbyemployerssincethesurveywaslaunched.TheFinance&BusinessServicesOutlookalsomatchesthestrongesthiringintentionsreportedtodatebysectoremployers.

Conversely,employerconfidenceinSwitzerlandandtheNetherlandscontinuestoerodewithConstructionandManufacturingsectoremployersinbothcountriesreportingconsiderableyear-over-yeardeclines.

Austria +1 (+5)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

50

60



CLIeNT: MANpOweR


SIZe: A4




Belgium +2 (+2)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

50

60

Bulgaria +5 (+10)%

Bulgaria joined the survey in Q1 2011 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014 2015

Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

-20

-10

0

10

20

30

40

50

60

Czech Republic +1 (+4)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Czech Republic joined the survey in Q2 2008 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014 2015

-20

-10

0

10

20

30

40

50

60

+10 (+10)%

Finland -8%Net Employment OutlookNet Employment Outlook

Finland joined the survey in Q4 2012 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014 2015

-20

-10

0

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CLIeNT: MANpOweR


SIZe: A4




France +3 (+5)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

50

60

Germany +2 (+5)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

50

60

Greece +4 (+8)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Greece joined the survey in Q2 2008 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014 2015

-20

-10

0

10

20

30

40

50

60

Hungary +5 (+8)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Hungary joined the survey in Q3 2009 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014 2015

-20

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0

10

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CLIeNT: MANpOweR


SIZe: A4




Ireland +7 (+10)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

50

60

Israel +7%Net Employment OutlookNet Employment Outlook

Israel joined the survey in Q4 2011 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014 2015

-20

-10

0

10

20

30

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60

Italy -7 (-5)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

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60

Netherlands -4 (-3)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

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0

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CLIeNT: MANpOweR


SIZe: A4




Norway +1 (+3)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

50

60

Poland +1 (+5)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Poland joined the survey in Q2 2008 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014 2015

-20

-10

0

10

20

30

40

50

60

Romania +1 (+9)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Romania joined the survey in Q2 2008 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014 2015

-20

-10

0

10

20

30

40

50

60

Slovakia +3%Net Employment OutlookNet Employment Outlook

Slovakia joined the survey in Q4 2011 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014 2015

-20

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0

10

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CLIeNT: MANpOweR


SIZe: A4




Slovenia +5 (+8)%

Slovenia joined the survey in Q1 2011 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014 2015


-20

-10

0

10

20

30

40

50

60

South Africa +13 (+10)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

South Africa joined the survey in Q4 2006 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014 2015

-20

-10

0

10

20

30

40

50

60

Spain 0 (+3)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

-10

0

10

20

30

40

50

60

Sweden +4 (+6)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


-20

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0

10

20

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CLIeNT: MANpOweR


SIZe: A4




Switzerland -3 (-2)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook

Switzerland joined the survey in Q3 2005 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014 2015

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Turkey +14 (+20)%

Turkey joined the survey in Q1 2011 No bar indicates Net Employment Outlook of zero20062005 2007 2008 2009 2010 2011 2012 2013 2014 2015


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United Kingdom +4 (+7)%Seasonally Adjusted OutlookSeasonally Adjusted OutlookNet Employment OutlookNet Employment Outlook


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CLIeNT: MANpOweR


SIZe: A4




TheManpowerEmploymentOutlookSurveyisconductedquarterlytomeasureemployersintentionstoincreaseordecreasethenumberofemployeesintheirworkforcesduringthenextquarter.ManpowerGroupscomprehensiveforecastofemployerhiringplanshasbeenrunningformorethan50yearsandisoneofthemosttrustedsurveysofemploymentactivityintheworld.VariousfactorsunderpinthesuccessoftheManpowerEmploymentOutlookSurvey:

Unique:Itisunparalleledinitssize,scope,longevityandareaoffocus.

Projective:TheManpowerEmploymentOutlookSurveyisthemostextensive,forward-lookingemploymentsurveyintheworld,askingemployerstoforecastemploymentoverthenextquarter.Incontrast,othersurveysandstudiesfocusonretrospectivedatatoreportonwhatoccurredinthepast.

Independent:Thesurveyisconductedwitharepresentativesampleofemployersfromthroughoutthecountriesandterritoriesinwhichitisconducted.ThesurveyparticipantsarenotderivedfromManpowerGroupscustomerbase.

Robust:Thesurveyisbasedoninterviewswithover65,000publicandprivateemployersacross42countriesandterritoriestomeasureanticipatedemploymenttrendseachquarter.Thissampleallowsforanalysistobeperformedacrossspecificsectorsandregionstoprovidemoredetailedinformation.

Focused:Formorethanfivedecadesthesurveyhasderivedallofitsinformationfromasinglequestion:

FortheQuarter12015research,allemployersparticipatinginthesurveyworldwideareaskedthesamequestion,HowdoyouanticipatetotalemploymentatyourlocationtochangeinthethreemonthstotheendofMarch2015ascomparedtothecurrentquarter?

AbouttheSurveyMethodologyTheManpowerEmploymentOutlookSurveyisconductedusingavalidatedmethodology,inaccordancewiththehigheststandardsinmarketresearch.Thesurveyhasbeenstructuredtoberepresentativeofeachnationaleconomy.Themarginoferrorforallnational,regionalandglobaldataisnotgreaterthan+/-3.9%.

NetEmploymentOutlookThroughoutthisreport,weusethetermNetEmploymentOutlook.Thisfigureisderivedbytakingthepercentageofemployersanticipatinganincreaseinhiringactivityandsubtractingfromthisthepercentageofemployersexpectingtoseeadecreaseinemploymentattheirlocationinthenextquarter.TheresultofthiscalculationistheNetEmploymentOutlook.NetEmploymentOutlooksforcountriesandterritoriesthathaveaccumulatedatleast17quartersofdataarereportedinaseasonallyadjustedformatunlessotherwisestated.

SeasonaladjustmentshavebeenappliedtothedataforallparticipatingcountriesexceptFinland,SlovakiaandIsrael.ManpowerGroupintendstoaddseasonaladjustmentstothedataforthesecountriesinthefutureasmorehistoricaldataiscompiled.NotethatinQuarter22008,ManpowerGroupadoptedtheTRAMO-SEATSmethodofseasonaladjustmentfordata.


CLIeNT: MANpOweR


SIZe: A4




ManpowerGroup(NYSE:MAN)hasbeentheworldsworkforceexpertformorethan65years.Wesource,assess,developandmanagetalentacrossawiderangeofskillsandindustries.OurManpowerGroupfamilyofbrandsExperis,Manpower,ManpowerGroupSolutions,andRightManagementhelps400,000clientsin80countriesandterritoriesimproveworkforceperformance,whileconnectingmorethan600,000individualstomeaningfulwork.ManpowerGroupwasnamedoneoftheWorldsMostEthicalCompaniesforthefourthconsecutiveyearin2014,confirmingourpositionasthemosttrustedbrandintheindustry.www.manpowergroup.com

AboutManpowergroupTM

ManpowerGroup, 100 Manpower Place, Milwaukee, WI 53212, USATel: +1 414 906 1000www.manpowergroup.com

2014, ManpowerGroup. All rights reserved.

Global Q115 MEOSbro

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