2024-11-11 14:23:00
The Q4 2024 Employment Expectations Survey, an exclusive and predictive study developed quarterly by ManpowerGroup, talent management solutions consultancyrevealed that 43% of Brazilian companies intend to hire in the 4th quarter of 2024.
Compared to the previous quarter, there was a drop of 1%. The survey shows that the net employment expectation in Brazil for the period — calculated by subtracting employers who plan to make reductions in staff from those who plan to hire — is +32%, an increase of five percentage points compared to the previous quarter, which was +27%.
Among the sectors with the highest expected positions in the country are Energy & Public Utility Services (40%), Information Technology (38%), Transport, Logistics & Automotive (33%) and Finance & Real Estate (32%).
On the global stage, the IT sector continues to lead the hiring expectation ranking for the eighth consecutive quarter, with 35%, followed by the Finance & Real Estate sector (32%), Health & Life Sciences (26%), Industry & Materials (26%) and Transport, Logistics & Automotive (26%).
Minas Gerais and São Paulo have the highest hiring intentions
The survey provides an overview of hiring intentions by regions of Brazil. The positive highlight was the state of Minas Gerais, with the best index (35%), followed by the city of São Paulo (32%), the state of São Paulo (30%), Paraná (26%) and Rio January (15%). Other regions of the country represent 29%.
Brazil occupies 4th position in the global ranking
In the study’s overall analysis, employers continue to anticipate hiring more workers between October and December, reporting a seasonally adjusted net employment expectation of +25%.
Among the countries analyzed, the strongest hiring intentions are in India (37%), Costa Rica (36%), USA (34%) and Brazil (32%). The weakest scenarios are in Israel (8%) and Argentina (4%).
Expected contraction and talent shortage
Although Brazil has risen 6 positions in the global ranking of hiring expectations, the study shows that the high talent shortage in the country remains a point for reflection. Among the sectors with the highest talent shortage rate are Energy & Utilities (90%), Health & Life Sciences (87%), Consumer Goods & Services (83%), Industry & Materials (80%), Transport, Logistics & Automotive (80%) and Information Technology (79%).
“In the country, 80% of companies say they have difficulty finding professionals with the skills they need. Therefore, it is important to invest in training programs to develop hard and soft skills. The role of companies in the face of challenges in the job market is fundamental to attracting and retaining the best talent”, explains Ana Guimarães, Operations Director at ManpowerGroup Brasil.
To view complete results from the ManpowerGroup Employment Outlook Survey for the fourth quarter, including regional and national data, You can visit the company’s blog. The next survey will be released in December and will report hiring expectations for the beginning of 2025.
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**Interview with Dr. Ana Costa, Labor Market Analyst at ManpowerGroup**
**Editor:** Good afternoon, Dr. Costa. Thank you for joining us to discuss the findings from the Q4 2024 Employment Expectations Survey.
**Dr. Costa:** Thank you for having me. I’m excited to share insights from our latest survey.
**Editor:** The survey indicates that 43% of Brazilian companies plan to hire in the fourth quarter. How does this figure compare to previous quarters?
**Dr. Costa:** It shows a slight decrease of 1% compared to the previous quarter. However, we see an overall positive trend in net employment expectations, which has increased from +27% to +32%. This indicates that while hiring intentions are slightly down, the general outlook is improving.
**Editor:** Interesting! Which sectors are leading in hiring expectations for this quarter?
**Dr. Costa:** The sectors with the highest hiring intentions include Energy & Public Utility Services at 40%, Information Technology at 38%, Transport, Logistics & Automotive at 33%, and Finance & Real Estate at 32%. It’s noteworthy that the IT sector continues to lead nationally and globally.
**Editor:** Speaking of geography, your survey highlights certain regions of Brazil with the strongest hiring intentions. Can you elaborate on that?
**Dr. Costa:** Absolutely! Minas Gerais tops the list with a hiring intention index of 35%, followed closely by São Paulo city at 32% and the state of São Paulo at 30%. Other regions such as Paraná and Rio de Janeiro follow with 26% and 15%, respectively. It reflects a varied landscape of employment opportunities across the country.
**Editor:** Brazil ranks fourth in the global hiring expectations ranking. What factors do you believe contribute to this strong position?
**Dr. Costa:** Our labor market has shown resilience despite global economic challenges. Sectors like IT and Finance are driving demand, aided by the country’s young and increasingly skilled workforce. Furthermore, companies are focusing on innovation and digital transformation, which creates more job opportunities in these critical areas.
**Editor:** Thank you, Dr. Costa, for your insights. It seems like there’s cautious optimism as we approach the last quarter of the year.
**Dr. Costa:** Yes, indeed. While the slight decrease in hiring intentions is worth noting, the overall growth in net expectations points to a positive trajectory for employment in Brazil.
**Editor:** Thank you once again for your time and insights. We look forward to seeing how these trends develop.
**Dr. Costa:** Thank you! It was a pleasure to discuss our findings with you.
