Manpower’s Employment Outlook Survey (MEOS) for quarter 4 of 2015 was released today. Canadian employers report cautious hiring intentions for the September-December time frame. With 11% of employers forecasting an increase in staffing levels, 9% anticipating a decrease and 77% expecting no change, the resulting Net Employment Outlook is +2%.
Once the data is adjusted to allow for seasonal variation, the Outlook stands at +6%. Hiring intentions decline by 3 percentage points both quarter-over-quarter and year-over-year, resulting in the weakest outlook since quarter 4 in 2009. Read more about the results here.
But what does all of this mean? The current economic factors and media reports of layoffs certainly have some people concerned. But the report helps to paint the picture that along with those companies who plan to reduce their workforce, an equal number plan to hire during the same period. This is a flat hiring market. And the most important data from the report is that most employers are planning to maintain their current staff levels and therefore the Alberta job market is going to remain relatively level into the end of the year.
It is expected to feel concern about words like “recession,” “layoff,” and “downturn,” but for job seekers the survey helps to remind that the hiring climate is stable and there are jobs to be had. For job seekers this is the time to set yourself apart. Recognize that there is only one you. Look at your personal and professional brand and be clear about why employers should hire you. Employers will see your positive attitude. There is only one opportunity to make a first impression!