01.Apr .2021 14:00

Employment Index catching up with positive business expectations - BAG

Employment Index catching up with positive business expectations - BAG
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BAG Employment Barometer, which is calculated according to the assessments of the top managers of BAG member businesses and companies, improved based on the positive business expectations.

According to Q1, 2021 report, BAG Employment Barometer is positive and it exceeds all indicators of 2020. However, the indicators are still behind the pre-pandemic level (2019).

28.9% of the surveyed companies expect an increase in a number of their employees in Q2 of 2021, compared to Q1 of 2021, while 9.6% predict a decrease. The majority of the surveyed companies (61.5%) do not expect any change in this regard.

A positive outlook with regard to employment is recorded in all four sectors (trade, manufacturing, construction, and service).

In Q1 of 2021, compared to the previous quarter, the employment barometer improved the most in the construction sector, where 31 % of surveyed businesses expect the number of employees to increase in the next three months, while in Q1 of 2021 none of the respondents plan to decrease their number of employees.

Comparing to other sectors, the trade sector has a negative expectation. 14% of respondents plan to reduce their employee number in Q2, 2021. However, 17% of the surveyed business plans to increase employee number.