Managing Director of Talent Solutions UK, Manpowergroup
Search every verified Michael Stull interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In September 2024, Michael Stull, Managing Director of Talent Solutions UK at ManpowerGroup, presented highlights from the company’s Q2 2024 Employment Outlook Survey. He reported that the UK’s net employment outlook score was plus 23%, down 4% from Q1 but up 1% year-on-year, and one point ahead of the international average. Stull stated that the top reasons for hiring among UK respondents were backfilling due to employee departures (39%), company expansions and new roles (36%), and staffing for specific projects (23%). He noted that hiring intent was strongest for entry-level positions (43%), and that the leading sectors were healthcare and life sciences, finance and real estate, and energy and utilities, with the Northwest (31%) and Yorkshire and Humber (30%) showing the greatest regional intent. Stull described a “two-speed labor market” emerging, with some managers prioritizing backfill roles due to recent departures and others creating new roles in anticipation of future growth. He advised employers to adopt a skill-based hiring approach to address a persistent mismatch between employer needs and applicant abilities, and recommended adaptive talent management practices including agile workforce planning, diversity and inclusion initiatives, and tech integration for skill audits and job matching.
“The net employment Outlook score for the UK in Q2 is plus 23%, that's down 4% on Q1 but up 1% year on year. Plus 23% is a strong measure of hiring intent and the UK's plus 23% score puts us one point ahead of the Q2 international average of plus 22%.”
“The top reasons for hiring amongst UK survey respondents are back filling due to employee departures at 39%, company expansions and the creation of new roles at 36%, and staffing for specific projects or temporary initiatives at 23%.”
“Q2 hiring intent is being driven by entry-level positions at 43%, non-managerial and individual contributors at 31%, and low-level managers and supervisory roles at 26%.”
“Healthcare and Life Sciences, finance and real estate, and energy and utilities are the lead sectors for hiring going into Q2.”
“Regionally, the Northwest at 31%, Yorkshire and Humber at 30%, and London and the Southwest both at 25% show the greatest hiring intent.”
“Our latest employment Outlook survey results indicate there's a two-speed labor market emerging: first, managers prioritizing backfill roles out of necessity due to recent employee departures; secondly, those creating new roles in anticipation of future growth in the second half of 2024.”
“ManpowerGroup's advice for employers is to look beyond formal qualifications and adopt a more skill-based hiring approach in order to address the persistent mismatch we're seeing between the skills employers are looking for and the abilities applicants have.”
“We suggest focusing on adaptive talent management practices moving forward, inclusive of agile workforce planning, identifying key skills, and building talent pipelines accordingly.”
“Diversity, equity, inclusion, and belonging can broaden talent pools and drive innovation, and tech integration as part of your organization's hiring and talent retention strategy can help with skill audits, job matching, reduce time to hire, and better maximize employee potential.”
The latest ManpowerGroup Employment Outlook Survey indicates UK employers are applying calculated, chess-like hiring tactics ...
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