Positive Sentiment Prevailing on Slovak Labor Market

BRATISLAVA, September 12, (WEBNOVINY) — The mood on the Slovak labor market is positive, according to the provider of innovative workforce solutions ManPower. Its latest survey carried out on a sample of 753 employers shows that 12 percent of the polled employers expect the number of employees to increase in while 10 percent anticipates decline in the last quarter of this year. Altogether 68 percent of respondents do not expect to see any changes in the size of their labor force and 10 percent could not say what further development would bring. “The mood is cautiously positive but still positive,“ said ManPower Director General for the Czech Republic and Slovakia Jana Rezlerova at a press meeting.

Employers in six of ten economic sectors expect improvement in the recruitment environment in the last quarter of the year. Processing industry reports the most optimistic outlook where the percentage of companies planning to increase in the number of employees exceeds the percentage of companies that intend to lay off employees by 15 points. The wholesale and retail sector has also expressed positive sentiment with 12 points more companies expecting to take on new people than those projecting lay-offs. Employers in the construction sector and in finance, insurance, real estate and other services areas anticipate a slight improvement.

Employers in agriculture, gamekeeping, forestry and fishing share the least optimistic outlooks. The percentage of employers that expect to let go employees exceeds the number of companies planning to hire new people by 14 percentage points. Equally negative sentiment is in the public administration, healthcare, education and culture where the percentage of entities planning to reduce the number of employees is 13 points higher than the percentage of entities planning new recruitment.

SITA