Michael Stull on sector hiring trends
From ManpowerGroup Employment Outlook Survey Q2 2024 | Michael Stull · · ManpowerGroupUK
“Healthcare and Life Sciences, finance and real estate, and energy and utilities are the lead sectors for hiring going into Q2.”
On , Michael Stull, Managing Director of Talent Solutions UK at MANPOWERGROUP, spoke about sector hiring trends during ManpowerGroup Employment Outlook Survey Q2 2024 | Michael Stull on ManpowerGroupUK.
About Michael Stull
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.