Antal Global Snapshot

ANTAL GLOBALSNAPSHOTA survey of hiring and firing trends in keyemployment markets around the world.

Edition 10 - December 2011snapshot.antal.com

Antal Global Snapshot | Edition 10 - December 2011

www.snapshot.antal.com

THE ‘ANTAL GLOBAL SNAPSHOT’

Contents

Introduction Introduction - Page 1 Local Picture Western Europe Austria, Belgium, Denmark & Finland - France, Germany, Greece & Ireland - Page 3 Italy, Luxembourg, Malta & Netherlands - Page 4 Norway, Portugal, Spain & Sweden - Page 5 Switzerland & United Kingdom - Page 6 Eastern Europe & Eurasia Bulgaria, Croatia, Czech Republic & Hungary - Page 7 Poland, Romania, Russia & Turkey - Page 8 Israel - Page 9 Middle East Bahrain, Kuwait, Oman & Qatar - Page 10 Saudi Arabia & United Arab Emirates - Page 11 Africa Egypt, Ghana, Nigeria & South Africa - Page 12 Asia Pacific Australia, China, India & Japan - Page 13 Malaysia, New Zealand, Philippines & Singapore - Page 14 Vietnam - Page 15 The Americas Argentina, Brazil, Canada & Chile - Page 16 Mexico & United States of America - Page 17

Key Sectors

Western Europe

Western Europe Overview - Page 18 & 19 Germany - Page 20 & 21 Italy - Page 22 & 23 Netherlands - Page 23 & 24 Nordics - Page 25 Spain - Page 26 & 27 United Kingdom - Page 28 Eastern Europe & Eurasia Eastern Europe & Eurasia Overview - Page 29 & 30 Poland - Page 31 & 32 Romania - Page 33 Middle East Middle East Overview - Page 34 & 35 Africa Africa Overview - Page 36 & 37 Asia Pacific Asia Pacific Overview - Page 38 & 39 China - Page 40 & 41 India - Page 42 Singapore - Page 43 The Americas The Americas Overview - Page 44 & 45 Disciplines and Functions Western Europe - Page 46 Eastern Europe & Eurasia - Page 47 Middle East - Page 48 Africa - Page 49 Asia Pacific - Page 50 The Americas - Page 51 Conclusions Winners & Losers – Page 52 & 53 Conclusion - Page 54

Antal Global Snapshot | Edition 10 - December 2011 Page 1



Introduction The 'Antal Global Snapshot' is a regular survey of hiring (and firing) trends in some of the world's most important employment markets and in those likely to join this group over the coming decade. This tenth report in the series is based upon material sourced from nearly 20,000 businesses in commerce, industry and the financial services sector in 52 key countries on five continents. We hope that you find it both interesting and useful. Chairman and CEO Antal International

About Antal International Founded in 1993, Antal International is a management and professional recruitment specialist with a particular focus on the sourcing and retention of candidates in the 'Generation Y' bracket. One of the first recruitment organisations to devote substantial resources to emerging markets, the company now has over 100 offices in more than 30 countries and works with many of the world's most successful and ambitious employers.

Methodology This edition of the 'Antal Global Snapshot' is based upon survey forms and telephone interviews completed by line and HR Managers in 19376 companies, professional partnerships and financial institutions across 52 countries in October and November 2011. Each respondent was asked whether they were currently hiring or letting go professional / managerial staff and whether they intended to do so over the coming quarter. All respondents were guaranteed anonymity to encourage open and honest answers.



THE ‘ANTAL GLOBAL SNAPSHOT’ Local Picture - Detailed information on the key markets surveyed.

Western Europe Are you currently hiring at managerial/professional level? Do you expect to hire at managerial/professional level over the coming quarter? Are you currently letting people go at managerial/professional level? Do you expect to let people go at managerial/professional level over the coming quarter?

Austria Belgium

Denmark

47% 43%

19% 19%

Following a generally low level of recruitment last quarter, the number of Austrian organisations currently hiring has increased far beyond expectations. 47% of companies are now taking on staff at a managerial level, in comparison to the predicted 17%. This is expected to remain relatively stable at 43% next quarter. The percentage of companies letting staff go has slightly increased this quarter from 14% to 19% but no further increases are expected in the next three months.

60% 61%

23% 26%

53% 64%

36% 38%

The percentage of companies recruiting staff currently stands at 53% in Denmark, while the country’s firing rates lie at a comparatively high 36%, in relation to the surrounding region. Recruitment rates are expected to improve quite significantly over the next three months, however. Next quarter’s hiring rates are expected to reach highs of 64%, indicating a positive outlook for those seeking employment. The percentage of organisations looking to shed staff is set to remain relatively consistent during this period, with a small increase of just 2%.

61% 57%

32% 36%

Finland

The level of hiring at the managerial and professional level has risen since last quarter by 5%, surpassing the expected 57%. The percentage of Belgium businesses firing staff has also fallen by 2% in this time to 23%. This indicates a modest but positive growth for the Belgium employment market this quarter. In the following few months, more employees are expected to be let go, but the increase in hiring rates is set to continue.

At present, there is a high level of activity in Finland’s job market in comparison to some of its Western European neighbours. Currently, 61% of companies are hiring at a managerial/ professional level, while 32% of businesses are letting employees go. The following three months are set to see these figures remaining relatively stable; though a modest and equivalent rise in firing rates and fall in employment activity is expected to occur.




Local Picture - Detailed information on the key markets surveyed.

Western Europe Continued...stern Western Europe Are you currently hiring at managerial/professional level? Do you expect to hire at managerial/professional level over the coming quarter? Are you currently letting people go at managerial/professional level? Do you expect to let people go at managerial/professional level over the coming quarter?

France Germany

Greece

54% 52%

28% 27%

The level of recruitment in France has fallen this quarter, after a slight but consistent increase over the previous six months. Hiring rates did not stabilize at 59% as predicted last quarter and now stand at 54%. However, the level of staff being let go within French companies is also at a lower level than expected and this trend is set to continue over the next three months. This quarter, firing rates have fallen from 38% to 28%, indicating more employees are retaining their jobs.

33% 25%

7% 7%

60% 60%

38% 30%

Given its highly uncertain situation, there is a lot of activity in Greece’s job market at present. Currently, a quite substantial percentage of Greek businesses are hiring at the managerial/ professional level. This is set to remain at 60% over the coming three months. On the other side, firing activity is understandably high within Greek businesses, standing at 38% this quarter. The good news for the Greek employment market is that firing rates are predicted to drop over the coming months by 8%.

62% 56%

32% 26%

Consistent with figures from the last six months, the level of hiring and firing in German companies has remained reasonably stable this quarter. The percentage of businesses recruiting managerial and professional staff has steadied at 33%, despite expectations this figure would drop to 28%. Once again, the numbers of companies letting staff go, or intending to do so in the next quarter, remains low at just 7%. These figures indicate a stable employment market in Germany irrespective of the difficulties some Western European countries may be having with the Euro.

Irish businesses are experiencing one of the highest levels of recruitment at the managerial/ professional level across Western Europe. Currently, 62% of companies are hiring, though this is expected to decrease slightly in the coming quarter. Similarly, Ireland’s figures denote it currently has one of the highest instances of companies letting staff go - standing at a significant 32%. More companies are set to retain staff over the next three month, however, indicating a more stable employment market to follow.

Ireland





Western Europe Continued...Are you currently hiring at managerial/professional level? Do you expect to hire at managerial/professional level over the coming quarter? Are you currently letting people go at managerial/professional level? Do you expect to let people go at managerial/professional level over the coming quarter?

Italy Luxembourg

Malta

42% 44%

11% 13%

Italy’s hiring rates have dipped somewhat in comparison to the last quarter. Currently, 42% of companies are recruiting staff; lower than the expected 46%. However, the percentage of businesses shedding staff has also fallen to a figure lower than predicted. This stands at just 11% rather than 14%, indicating more employees are maintaining their jobs in Italy at present and due in part to the issues companies face in reducing headcount.

69% 62%

41% 41%

82%

64%

27% 27%

Malta currently has the highest level of hiring activity in Western Europe with an impressive 82% of organisations recruiting this quarter. Though this is set to fall over the next three months, hiring rates are expected to remain comparatively high at 64%. The percentage of companies shedding staff in Malta is also notably high, with respect to its Western European neighbours. This is set to remain at 27% in the next quarter, indicating a relatively high turnover in the Maltese employment market.

40% 47%

38% 37%

Luxembourg has experienced a second boom in its hiring activity this quarter, giving this country the second highest figures for recruitment in Western Europe. Though smaller than the one six months ago, there has been a significant increase in the number of organisations recruiting at a managerial/ professional level - jumping from 54% to an impressive 69%. Firing rates have not decreased as much as expected this quarter but are predicted to remain at a steady, if not relatively high, figure of 41% over the next three months.

Following the considerable success of the employment market in the previous quarter, the level of hiring in the Netherlands has fallen by 9% this quarter to 40%. This does, however, remain higher than the low of 34% seen six months ago and is expected to improve in the coming three months. The percentage of companies either letting staff go or expecting to has risen considerably this quarter from 28% to 38%, indicating a high turnover of staff which could result in an equally higher figure for recruitment in the next quarter.

Netherlands





Western Europe Continued...Are you currently hiring at managerial/professional level?

Do you expect to hire at managerial/professional level over the coming quarter?

Are you currently letting people go at managerial/professional level?

Do you expect to let people go at managerial/professional level over the coming quarter?

Norway Portugal

Spain

68% 62%

35%

22%

The Norwegian employment market is currently seeing a

lot of activity in both hiring and firing rate. Norway has one

of the highest levels of recruitment at the professional

level for the region, placed at 68% at the moment and

62% over the coming three months. On the other side, the

percentage of companies letting staff go is also relatively

significant. 35% of Norwegian organisations are currently

shedding employees, signifying a high turnover rates in

this country’s job markets. This is set to drop quite

substantially over the next three months to 22%.

38% 38%

23% 26%

27% 27% 18% 18%

The levels of recruitment and cuts to staff have been less

steady in Spain this quarter, compared to the prior six

months. The percentage of businesses hiring and looking

to hire at a managerial/ professional level has dropped to

27%. This, however, is paralleled by an equivalent

reduction in companies letting staff go, indicating Spanish

companies may be retaining their staff in a similar fashion

to many of their Western European neighbours.

Portugal has experienced a relatively successful quarter

for the employment market. Despite its overall economic

problems, the level of hiring at a managerial or

professional level has increased by a significant 10%;

while the percentage of companies letting staff go has

dropped by 7% to 23%. Though this is set to rise slightly

to 26% in the next three months, hiring activity in Portugal

is expected to remain at 38%, indicating a possible end to

the overall downward trend seen in recruitment over the

last three quarters and a more positive outlook for the

coming months.

Sweden

68% 64%

28% 26%

Sweden boasts high rates of activity for both recruitment

and job loss markets in the wider context of Western

Europe. 68% of businesses are hiring at present, with a

drop of only 4% over the next three months. The number

of businesses letting staff go, or looking to do so, is

expected to remain relatively stable during this time.

Current firing rates stand at 28%, with these varying only

2% over the next quarter to 26%. This indicates the

condition of Sweden’s employment market is set to stay

more or less consistent in the near future.





Western Europe Continued...Are you currently hiring at managerial/professional level? Do you expect to hire at managerial/professional level over the coming quarter? Are you currently letting people go at managerial/professional level? Do you expect to let people go at managerial/professional level over the coming quarter?

Switzerland

United Kingdom

45% 40%

13% 13%

The percentage of Swiss companies employing managerial and professional staff has recovered significantly since last quarter. Despite an expected drop of 4% in employment rates, hiring activity has gone up by 12% this quarter to 45%. At the same time, the number of businesses currently shedding staff remains consistently low at 13% - just a 2% increase from last quarter. This is expected to stabilize in the coming three months, indicating a strong level of stability for Swiss employees.

48% 58%

24% 23%

The United Kingdom’s figures show a marked dip in hiring levels from last quarter. The percentage of organisations currently hiring has fallen by 13% to 48%. This trend, however, is expected to end and employment rates are set to improve once more over the next three months. Firing levels are also down on last quarter’s findings, returning to the 24% seen six months ago. As in much of Western Europe, therefore, companies in the United Kingdom seem to be retaining their staff at the professional and managerial level.




Eastern Europe & Eurasia Are you currently hiring at managerial/professional level? Do you expect to hire at managerial/professional level over the coming quarter? Are you currently letting people go at managerial/professional level? Do you expect to let people go at managerial/professional level over the coming quarter?

Bulgaria

Croatia

Czech Republic

48% 46%

26% 19%

The levels of hiring in Bulgaria have dipped this quarter, following the highs of 54% witnessed in the last Snapshot. Recruitment activity currently stands at 48%, 6% lower than in July but still above that of the quarter before. The percentage of businesses shedding staff in Bulgaria has risen slightly to 26%, indicating a relatively high staff turnover. The next three months, however, look more positive with this figure expected to fall to just 19%.

38% 38%

13% 15%

65% 53%

23% 23%

The Czech Republic has experienced a considerably more successful quarter in comparison to the last snapshot taken in July. The percentage of organisations recruiting staff has jumped from less than half to a high of 65%. Firing rates have also decreased considerably this quarter from 43% to 23%, pointing to a much higher retention rate of staff within Czech businesses. This promising reduction in firing rates is expected to continue for the next three months.

39% 27% 29%

17%

Hungary

After a brief peak in hiring activity at the managerial/ professional level last quarter, the Croatian employment market has returned to a similar state as seen in March’s Snapshot. This is expected to remain stable at 38% over the following few months. The number of companies letting staff go has risen slightly this quarter, but remains consistently low at just 13%- the lowest figure for the region. This indicates Croatian companies are retaining the majority of staff employed in last quarter’s boom.

The hiring figures for Hungary have fallen slightly this quarter to 39%, despite expectations that the previous positive trend would continue. A greater number of Hungarian companies are still recruiting at a managerial level than back in March however. The level of businesses currently cutting staff has increased over the last six months from just 6% to 29%. This is expected to plummet quite dramatically over the coming months though, indicating a greater level of stability in the employment market than experienced recently.





Eastern Europe & Eurasia Continued... Are you currently hiring at managerial/professional level? Do you expect to hire at managerial/professional level over the coming quarter? Are you currently letting people go at managerial/professional level? Do you expect to let people go at managerial/professional level over the coming quarter?

Poland

Romania

57% 49%

15% 15%

The level of hiring at a managerial and professional level in Poland has continued to exceed expectations this quarter. Despite a predicted fall of 8% since July’s Snapshot, the number of organisations recruiting staff has risen once again to 57%. Firing rates have seen a modest yet similar increase over the past six months but this is set to stabilize during the following three months. Expectations for this figure currently stand at 15%; one of the lowest rates of firing for the region.

57% 53%

26% 24%

67% 63%

33% 29%

Russia’s hiring figures have remained relatively consistent with July’s Snapshot this quarter, giving Russia one of the highest employment rates for the region. 67% of businesses are currently recruiting new staff, 1% up on last quarter’s figures. On the other hand, firing rates have also remained more or less stable this quarter, falling marginally by 1% to 33%. Over the next few months we should see this figure drop by a further 4% though, indicating more employees are retaining their jobs.

74%

60%

28% 17%

Turkey

The percentage of Romanian businesses recruiting at a managerial and professional level has taken a positive turn this quarter, despite being expected to fall below 50%. Hiring activity in Romania has once again risen to a high of 57% - last seen back in March’s snapshot. The numbers of companies letting staff go, or looking to do so, has risen modestly but is set to take a downward turn next quarter.

Turkey’s employment figures this quarter indicate the percentage of companies hiring at a managerial/ professional level has increased yet again, though by a more modest 3% in comparison to the previous quarter’s 16%. Like many of its Eastern European and Eurasian neighbours, the level of organisations shedding staff in Turkey has also increased this quarter from 21% to 28%. Firing rates are expected to fall quite dramatically next quarter though to 17%, indicating a significant increase in stability for Turkey’s employment market in the near future.

Russia





Eastern Europe & Eurasia Continued... Are you currently hiring at managerial/professional level?




Israel

59%

44% 39% 41%

We are witnessing a lot of activity in Israel’s employment

market at present. 59% of companies are currently taking

on staff at a managerial/ professional level; though this is

expected to drop quite substantially over the next few

months to 44%. However the percentage of businesses

shedding staff, or looking to do so, is also comparatively

high for the region. This indicates a high level of turnover

in Israel’s job market now and for the next few months.





Middle East Are you currently hiring at managerial/professional level? Do you expect to hire at managerial/professional level over the coming quarter? Are you currently letting people go at managerial/professional level? Do you expect to let people go at managerial/professional level over the coming quarter?

Bahrain

Kuwait

52% 61%

35%

48%

At 52%, hiring activity in Bahrain is comparatively low in relation to the surrounding region. This is expected to improve over the next three months, however, rising to 61%. Equally, Bahrain’s firing activity is quite considerably greater than most of its neighbouring countries, currently standing at 35%. This indicates there is a high turnover of jobs in Bahrain at the moment, which is predicted to increase further to 48% during the following quarter.

53% 59%

29% 35%

70% 65%

26% 30%

There is currently a high level of activity within Oman’s job market. A reasonably high 70% of companies are recruiting staff this quarter, though this is still less than some countries for this region. The percentage of organisations in Oman currently shedding managerial/ professional employees is higher than some of its neighbours. 26% of companies are cutting staff with an expected 4% rise over the next three months.

77% 69%

14% 15%

Qatar

The level of companies in Kuwait hiring managerial and professional staff is quite low in relation to some of the surrounding countries in the area. 53% of organisations are taking staff on, but this is expected to improve over the next few months by 6%. The rate of turnover in the employment market is set to increase in the following quarter in parallel with the rate of hiring. The good news is that this increase also stands at 6% so the size of the job market should remain stable for the near future.

Evidence continues to build for Qatar’s ‘2030 Vision’ this quarter. The percentage of businesses hiring at a managerial/ professional level has risen by 4% to 77%, giving Qatar the highest rate of employment in the region. Firing rates in Qatar are also quite modest - currently standing at 14%. This is just 1% higher than in March, indicating a good level of stability in Qatar’s employment market for now.

Oman




Middle East Continued... Are you currently hiring at managerial/professional level? Do you expect to hire at managerial/professional level over the coming quarter? Are you currently letting people go at managerial/professional level? Do you expect to let people go at managerial/professional level over the coming quarter?

Saudi Arabia United Arab Emirates

73% 73%

10% 19%

Saudi Arabia’s hiring activity has remained high this quarter after a significant recruitment boom back in March. At 73%, hiring rates have fallen just 3% since March, 2% less than the predicted decrease. Saudi Arabia also has the lowest rate of firing for the region of just 10%. This is expected to rise over the next few months, but remain below 20%.

62% 58%

11% 11%

The percentage of companies in the United Arab Emirates recruiting staff this quarter has once again risen to a new high. At 62%, current hiring activity has fallen short of expectations, but has still improved by 3% on July’s Snapshot. Firing rates have also fallen by 5% this quarter and are set to remain at a modest 11% over the following few months.





Africa Are you currently hiring at managerial/professional level? Do you expect to hire at managerial/professional level over the coming quarter? Are you currently letting people go at managerial/professional level? Do you expect to let people go at managerial/professional level over the coming quarter?

Egypt Ghana

64% 61%

34% 45%

In spite of the country’s continued political unrest, hiring levels in Egypt have increased this quarter. Current recruitment rates stand at 64%, only 3% lower than July’s expectations. After a low of just 15% quoted in March’s Snapshot, job losses have returned to figures closer to those seen nine months ago. This quarter, 34% of companies are shedding staff, only 2% higher than the end of last year. Firing levels are expected to increase quite significantly over the next few months - perhaps understandably given the ongoing uncertainty within the country.

46%

62%

23% 31%

73% 73%

27% 33%

The level of Nigerian companies hiring at a managerial/ professional level has risen by a significant 15% this quarter. Recruitment rates currently lie at 73% - the highest in Africa at present, with this figure expected to remain steady over the next three months. The percentage of businesses shedding employees has also increased over the last six months in parallel with hiring activity. This, however, has been to a lesser extent, leaving current Nigeria’s current firing rates at 27%.

68% 67%

16% 18%

South Africa

As predicted, following a significant hiring boom shown in March’s Snapshot; Ghana’s hiring rates have fallen to 46% this quarter. The good news, however, is that this is still 5% higher than recruitment levels before the boom and is expected to increase quite dramatically again over the next three months to 62%. The percentage of organisations letting staff go, or intending to do so, has also increased over the last six months. Firing rates this quarter currently stand at 23%, however - 5% lower than last September/ October prior to the boom.

Following the relative lack of activity in South Africa’s job market last quarter, the percentage of businesses hiring staff has increased considerably from 56% to 68% and hiring rates are expected to remain stable over the coming quarter. The number of South African companies letting staff go has also increased this quarter but remains relatively modest at 16%, indicating reasonable stability in the South African employment market in the near future.

Nigeria




Asia Pacific Are you currently hiring at managerial/professional level? Do you expect to hire at managerial/professional level over the coming quarter? Are you currently letting people go at managerial/professional level? Do you expect to let people go at managerial/professional level over the coming quarter?

Australia China

India

73% 67%

31% 29%

Australia has seen a jump in the number of companies recruiting professionals and managers this quarter. Despite a prediction of 56% in July’s Snapshot that indicated the employment market would continue on its downward trend, hiring rates have risen quite significantly to 73%. The percentage of organisations letting employees go has risen as expected to 31%. This increase, however, remains smaller than the increase in hiring levels, indicating that the Australian job market is continuing to rightsize.

67% 68%

17% 15%

72% 75%

21% 14%

Similar to most of its fellow BRICS countries, India’s current hiring figures remain relatively high in this quarter’s Snapshot. The percentage of Indian companies currently recruiting has risen 3% to 72%, with a further 3% increase expected over the next three months. The level of businesses letting staff go has gone up to 21% at present, but still remains lower than the firing rates experienced back in March. This figure is expected to drop to just 14% over the following few months, signifying an increase in job security for the near future.

75% 65%

23% 23%

Japan

China’s employment market continues to remain strong this quarter. The percentage of organisations hiring at a managerial and professional level has fallen marginally from 70% to 67%, but is set to remain more or less consistent at 68% over the following three months. Firing levels have also remained steady since July at 17% and are expected to drop to 15% in the next quarter. This indicates an ongoing higher level of stability in the Chinese job market so far this year.

Despite a further 10% reduction in hiring expected this quarter, the percentage of Japanese companies recruiting at a managerial level has actually risen significantly to 75%. It remains to be seen whether the projected 10% fall occurs over the next three months. The level of organisations shedding staff, or looking to do so, has increased marginally by 2% this quarter. This, however, is substantially less than the rise seen in hiring, signally positive prospects for the Japanese market.





Asia Pacific Continued...

Are you currently hiring at managerial/professional level?




Malaysia New Zealand

Philippines

55% 51%

11% 15%

Counter to the expectations made in March, the situation

of Malaysia’s employment market has taken a positive

turn. Rather than falling to just 31% this quarter, the

percentage of organisations recruiting staff has risen to

55%. This is predicted to remain above the halfway mark

for the next three months. On top of this, present firing

rates are down this quarter, to just 11%, and are expected

to remain reasonably modest at 15% for the next few

months.

56% 67%

28% 33%

98% 98%

2% 2%

The Philippines job market has had a remarkable year so

far. Continuing on from July’s Snapshot, this country

boasts the highest recruitment and lowest firing rates in

the world. This quarter, the previous Snapshot’s

expectations have again been exceeded, with 98% of

companies currently hiring at a managerial/ professional

level and just 2% shedding staff. This positive picture is

set to remain stable over the next three months.

44% 45%

12% 11%

Singapore

As with its neighbour, Australia, New Zealand’s hiring

levels have not followed the expected trend quoted in

March’s Snapshot. Rather than falling to 42% this quarter,

the percentage of organisations recruiting staff has risen

by 6% to 56%. This increase is set to continue over the

next few months to a relatively high 67%. New Zealand’s

firing activity has risen by 3%, but to a much lower degree

than the expected 33%. This signifies a more positive

situation than expected for New Zealand’s employment

market at present.

The level of companies recruiting new staff has improved

this quarter by 15%. Hiring levels currently stand at 44%

and are set to increase slightly over the following few

months by 1%. On the other side, the percentage of

businesses letting staff go has risen 1%, but promises to

return to 11% for the next quarter. Overall, the next three

months promise to see Singapore’s job market making

modest, but positive, improvements.




Asia Pacific Continued... Are you currently hiring at managerial/professional level? Do you expect to hire at managerial/professional level over the coming quarter? Are you currently letting people go at managerial/professional level? Do you expect to let people go at managerial/professional level over the coming quarter?

Vietnam

50% 50%

10% 20%

At present, Vietnam has quite low levels of both hiring and firing activity in relation to the surrounding region. Half of companies are currently taking on managerial/ professional staff this quarter and expect to continue in the same manner over the following few months. There is a high level of security for those employed in Vietnam with only 10% of businesses shedding employees at the moment. This is expected to rise to 20% next quarter, but still indicates a relatively stable situation within the Vietnamese job market.




The Americas Are you currently hiring at managerial/professional level? Do you expect to hire at managerial/professional level over the coming quarter? Are you currently letting people go at managerial/professional level? Do you expect to let people go at managerial/professional level over the coming quarter?

Argentina Brazil

Canada

65% 63%

30% 33%

Hiring levels in Argentina have fallen following the recent hiring boom, but remain 7% higher than predicted at 65%. This figure is set to drop marginally to 63% next quarter, but indicates that the job market is rightsizing and becoming steadier. The number of Argentinean businesses shedding staff has risen this quarter and currently stands at 30%. This again, though, is expected given the recent hiring boom.

65% 56%

26% 26%

66% 66%

22% 22%

Canada’s figures show it has been a good few months within the employment market. Hiring levels have surpassed expectations to 66% and promise to remain stable over the coming quarter. The percentage of businesses cutting staff has also fallen by more than expected to just 22%, in comparison to the predicted 31%. These figures are set to continue over the coming three months, indicating more stability for the Canadian jobs market for the near future.

60% 58%

31% 29%

Chile

The number of Brazilian companies hiring at a managerial level did not rise as expected this quarter but remains relatively steady, lowering by just 2%. Next quarter, however, is predicted to be less positive as hiring levels are expected to drop a further 9% to 56%. After a significant dip in firing levels back in July’s Snapshot, the percentage of organisations shedding employees, or looking to do so, has returned to the mid-twenties for this quarter. This is set to remain stable over the next three months though, at 26%.

The state of Chile’s job market presents a similar story to that of its fellow American countries. At present, 60% of companies are recruiting staff, with a comparable 58% expecting to do so over the next quarter. Firing rates are set at the higher end of the scale for the Americas-currently standing at 31%. These are expected to fall slightly in the next few months, bringing the number of companies making staff cuts below 30%, to 29%.





The Americas Continued... Are you currently hiring at managerial/professional level?




Mexico United States of America

59% 58%

25% 24%

The percentage of companies recruiting staff has fallen

again this quarter, after picking up briefly in March.

Current hiring activity stands at 59%, a considerable drop

from 76% in March, but still higher than that experienced

the quarter before at 52%. As expected, job losses have

increased from a low of just 14% to 25%. This is most

likely a result of March’s hiring boom and promises to

remain stable over the next few months, indicating more

security for those already employed.

51% 53%

26% 26%

The employment market in the USA has remained more

or less stable this quarter, after the fluctuation in hiring

seen back in March’s Snapshot. Recruitment rates have

lowered slightly by 3% to 51%, but are thought to return to

53% over the next few months. Similarly, the percentage

of businesses letting staff go has risen marginally by 3%,

but is expected to remain steady for the coming quarter.



WESTERN EUROPE

Detailed examination of key markets

Western Europe - Key Sectors



Accountancy

Agriculture

Automotive & Aerospace

Banking

Chemicals

Construction & Engineering

Consumer Goods

E-Commerce & Social Media

Electronics

Energy - Oil & Gas

Energy - Renewables

Fashion

FMCG

Insurance

Legal

Leisure

Logistics

Luxury Goods

Manufacturing

Media

Medical

Mining

Packaging

Pharmaceuticals

Property

Public Sector (Governmental)

Retail

Technology - Hardware

Technology - Software

Telecommunications

Utilities

40%

23%

40%

35%

23%

29%

23%

49%

30%

41%

34%

50%

33%

35%

27%

38%

33%

38%

41%

34%

26%

22%

26%

25%

40%

50%

32%

42%

42%

51%

27%

Accountancy

Agriculture


Banking

Chemicals


Consumer Goods


Electronics

Energy - Oil & Gas

Energy - Renewables

Fashion

FMCG

Insurance

Legal

Leisure

Logistics

Luxury Goods

Manufacturing

Media

Medical

Mining

Packaging

Pharmaceuticals

Property


Retail



Telecommunications

Utilities

44%

31%

36%

37%

18%

26%

16%

42%

24%

41%

42%

48%

24%

38%

26%

33%

36%

19%

38%

45%

26%

14%

26%

26%

33%

30%

32%

44%

48%

54%

42%

Currently Hiring Expecting to Hire



WESTERN EUROPE


Western Europe - Key Sectors Continued…



Accountancy

Agriculture


Banking

Chemicals


Consumer Goods


Electronics

Energy - Oil & Gas

Energy - Renewables

Fashion

FMCG

Insurance

Legal

Leisure

Logistics

Luxury Goods

Manufacturing

Media

Medical

Mining

Packaging

Pharmaceuticals

Property


Retail



Telecommunications

Utilities

32%

3%

7%

7%

10%

21%

13%

18%

10%

14%

15%

12%

7%

8%

10%

19%

22%

5%

15%

39%

7%

10%

6%

8%

22%

60%

4%

24%

26%

22%

24%

Accountancy

Agriculture


Banking

Chemicals


Consumer Goods


Electronics

Energy - Oil & Gas

Energy - Renewables

Fashion

FMCG

Insurance

Legal

Leisure

Logistics

Luxury Goods

Manufacturing

Media

Medical

Mining

Packaging

Pharmaceuticals

Property


Retail



Telecommunications

Utilities

33%

0%

7%

11%

8%

27%

16%

14%

8%

16%

16%

11%

8%

11%

13%

11%

20%

2%

14%

38%

7%

6%

18%

9%

25%

40%

5%

22%

22%

19%

30%

Currently Firing Expecting to Fire



WESTERN EUROPE


Western Europe Key Sectors Continued… Are you currently hiring at managerial/professional level? Do you expect to hire at managerial/professional level over the coming quarter? Are you currently letting people go at managerial/professional level? Do you expect to let people go at managerial/professional level over the coming quarter?

79% 63%

13% 13%

54% 43%

5% 5%

32% 32%

5% 11%

ACCOUNTANCY AUTOMOTIVE & AEROSPACE BANKING

Germany Key Sectors

29% 18%

7% 4%

18% 18%

6% 10%

22% 10%

7% 7%

CONSTRUCTION & ENGINEERING

CHEMICALS

60% 46%

13% 12%

29% 28%

7% 6%

78% 67%

19% 22%

ELECTRONICS

E-COMMERCE & SOCIAL MEDIA

CONSUMER GOODS

29% 39%

21% 13%

27% 12%

5% 5%

28% 16%

4% 4%

ENERGY - RENEWABLES

ENERGY - OIL & GAS

28% 12%

16% 8%

FASHION FMCG

LEISURE



WESTERN EUROPE



79% 63%

13% 13%

54% 43%

5% 5%

32% 32%

5% 11%

LOGISTICS LUXURY GOODS MANUFACTURING

Germany Key Sectors

29% 18%

7% 4%

18% 18%

6% 10%

22% 10%

7% 7%

MEDIA

60% 46%

13% 12%

29% 28%

7% 6%

78% 67%

19% 22%

PHARMACEUTICALS

MINING

29% 39%

21% 13%

27% 12%

5% 5%

28% 16%

4% 4%

TECHNOLOGY - HARDWARE

RETAIL

TELECOMMUNICATIONS

MEDICAL

PACKAGING

TECHNOLOGY - SOFTWARE



WESTERN EUROPE



84% 89%

26% 32%

54% 62%

0% 0%

26% 25%

6% 5%

ACCOUNTANCY AGRICULTURE

Italy Key Sectors

37% 39%

7% 10%

36% 33%

21% 21%

50% 35%

40% 45%

CHEMICAL

18% 18% 18%

24%

67% 57%

10% 5%

41% 22%

7% 15%

ELECTRONICS CONSUMER GOODS

35% 44%

9% 12%

48% 59%

15% 22%

64% 70%

9% 9%

ENERGY - RENEWABLES ENERGY - OIL & GAS FASHION



60% 60%

18% 18%

FMCG

BANKING

AUTOMOTIVE & AEROSPACE



WESTERN EUROPE



43% 39%

25% 18%

43% 57%

0% 0%

32% 35%

13% 15%

45% 45%

8% 10%

43% 39%

25% 18%

LOGISTICS

LUXURY GOODS MANUFACTURING

Italy Key Sectors

60% 70%

40% 30%

MEDIA

57% 52%

9% 9%

22% 6%

0% 0%

38% 46%

7% 12%

PHARMACEUTICALS MINING

30% 32%

5% 6%

57% 60%

29% 31%

57% 57%

33% 29%

TECHNOLOGY - SOFTWARE RETAIL TELECOMMUNICATIONS

MEDICAL

INSURANCE LEISURE

Antal Global Snapshot | Edition 10 - December 2011 Page24


WESTERN EUROPE



38% 43% 43% 43%

52% 48%

4% 9%

43% 39%

35% 22%

BANKING ACCOUNTANCY

Netherlands Key Sectors

63% 50% 50% 50%

55% 55%

18% 18%

43% 43%

29% 43%

50% 65%

58% 50%

57% 71%

29% 29%

55% 64%

27% 36%

FMCG

ENERGY - OIL & GAS ELECTRONIC

29% 38% 41% 44%

57% 43%

29% 14%

58% 63%

37% 37%

MANUFACTURING LOGISTICS

32% 48%

46% 47%

41% 35%

18% 12%

41% 46%

26% 24%


LUXURY GOODS

40% 50%

42% 40%

32% 27%

23% 23%

TELECOMMUNICATIONS TECHNOLOGY - SOFTWARE

MEDICAL MEDIA

FASHION

INSURANCE LEGAL




WESTERN EUROPE



60% 80%

40% 60%

50% 75%

63% 50%

43% 57%

0% 43%

AUTOMOTIVE & AEROSPACE ACCOUNTANCY

Nordic Key Sectors

40% 40%

80% 60%

100% 80%

40% 20%

56% 78%

56% 44%

57% 57%

0% 14%

73% 55%

27% 27%

63% 63%

38% 50%

MEDICAL

ENERGY - OIL & GAS ELECTRONIC

MANUFACTURING

TECHNOLOGY - SOFTWARE TELECOMMUNICATIONS

CONSUMER GOODS



WESTERN EUROPE



19% 23%

6% 8%

24% 33%

15% 15%

14% 14%

10% 17%

ACCOUNTANCY

Spain Key Sectors

15% 13%

9% 7%

19% 23%

6% 8%

27% 18%

15% 21%

CHEMICAL

6% 13%

25% 13%

18% 11%

29% 25%

24% 24%

12% 16%

ELECTRONICS

CONSUMER GOODS

32% 32%

18% 29%

36% 36%

17% 26%

10% 17%

5% 7%

ENERGY - RENEWABLES

ENERGY - OIL & GAS



21% 16%

8% 10%

FMCG

BANKING AUTOMOTIVE & AEROSPACE

INSURANCE

LEGAL



WESTERN EUROPE



47% 35%

12% 12%

37% 39%

18% 13%

33% 33% 35%

23%

Spain Key Sectors

25% 8%

17% 0%

22% 41%

18% 18%

15% 0%

15% 8%

25% 25%

0% 6%

47% 50%

20% 17%

38% 32%

26% 26%

28% 28%

11% 11%

40% 34%

27% 29%

54% 38%

15% 23%

PROPERTY

24% 29%

41% 29%

UTILITIES

LEISURE LOGISTICS MANUFACTURING

MEDIA MINING MEDICAL

PACKAGING PHARMACEUTICALS

TECHNOLOGY - SOFTWARE TECHNOLOGY - HARDWARE TELECOMMUNICATIONS



WESTERN EUROPE



50% 63%

13% 13%

33% 67%

25% 25%

40% 60%

20% 0%

BANKING AUTOMOTIVE & AEROSPACE

United Kingdom Key Sectors

17% 0%

33% 33%

29% 43%

14% 43%

50% 50%

25% 0%

60% 60%

40% 40%

25% 25% 25% 25%

78% 89%

56% 44%

ENERGY - OIL & GAS


56% 56%

11% 11%

56% 75%

31% 38%

44% 56%

31% 25%

MANUFACTURING LEISURE

43% 57%

0% 0%

75% 50%

0% 0%

73% 82%

9% 9%

TECHNOLOGY - HARDWARE PHARMACEUTICALS

47% 53%

30% 27%

47% 40% 40%

27%


MEDICAL

MINING


CONSUMER GOODS

FMCG

CHEMICALS

ENERGY - RENEWABLES



EASTERN EUROPE


Eastern Europe & Eurasia - Key Sectors



Accountancy

Agriculture


Banking

Chemicals


Consumer Goods


Education

Electronics

Energy - Oil & Gas

Energy - Renewables

Fashion

FMCG

Insurance

Legal

Leisure

Logistics

Luxury Goods

Manufacturing

Media

Medical

Mining

Packaging

Pharmaceuticals

Property


Retail

Shared Services



Telecommunications

Utilities

63%

50%

66%

58%

57%

48%

51%

50%

67%

48%

64%

50%

38%

50%

57%

45%

54%

41%

54%

54%

38%

58%

52%

61%

48%

32%

36%

60%

68%

60%

62%

50%

42%

Accountancy

Agriculture


Banking

Chemicals


Consumer Goods


Education

Electronics

Energy - Oil & Gas

Energy - Renewables

Fashion

FMCG

Insurance

Legal

Leisure

Logistics

Luxury Goods

Manufacturing

Media

Medical

Mining

Packaging

Pharmaceuticals

Property


Retail

Shared Services



Telecommunications

Utilities

52%

38%

49%

57%

39%

42%

48%

55%

42%

44%

55%

48%

32%

42%

53%

55%

43%

36%

54%

44%

34%

50%

36%

39%

34%

41%

45%

44%

51%

65%

62%

44%

42%




EASTERN EUROPE


Eastern Europe & Eurasia - Key Sectors Continued…



Accountancy

Agriculture


Banking

Chemicals


Consumer Goods


Education

Electronics

Energy - Oil & Gas

Energy - Renewables

Fashion

FMCG

Insurance

Legal

Leisure

Logistics

Luxury Goods

Manufacturing

Media

Medical

Mining

Packaging

Pharmaceuticals

Property


Retail

Shared Services



Telecommunications

Utilities

18%

44%

8%

24%

25%

15%

28%

20%

8%

17%

39%

15%

32%

18%

26%

34%

18%

16%

8%

16%

23%

31%

16%

12%

15%

22%

18%

18%

5%

21%

16%

26%

29%

Accountancy

Agriculture


Banking

Chemicals


Consumer Goods


Education

Electronics

Energy - Oil & Gas

Energy - Renewables

Fashion

FMCG

Insurance

Legal

Leisure

Logistics

Luxury Goods

Manufacturing

Media

Medical

Mining

Packaging

Pharmaceuticals

Property


Retail

Shared Services



Telecommunications

Utilities

52%

38%

49%

57%

39%

42%

48%

55%

42%

44%

55%

48%

32%

42%

53%

55%

43%

36%

54%

44%

34%

50%

36%

39%

34%

41%

45%

44%

51%

65%

62%

44%

42%




EASTERN EUROPE


Eastern Europe & Eurasia Key Sectors Continued… Are you currently hiring at managerial/professional level? Do you expect to hire at managerial/professional level over the coming quarter? Are you currently letting people go at managerial/professional level? Do you expect to let people go at managerial/professional level over the coming quarter?

73% 58%

16% 16%

68% 51%

6% 6%

63% 59%

24% 27%

ACCOUNTANCY AUTOMOTIVE & AEROSPACE BANKING

Poland Key Sectors

57% 48%

29% 10%

50% 44%

13% 16%

63% 49%

11% 23%


CHEMICALS

52% 50%

20% 15%

67% 53%

47% 33%

50% 50%

12% 15%

ELECTRONICS

CONSUMER GOODS

38% 35% 35%

27%

51% 42%

16% 14%

59% 59%

19% 27%

ENERGY - RENEWABLES

ENERGY - OIL & GAS

46% 54%

29% 27%

FASHION FMCG

LEGAL

INSURANCE

73% 36%

0% 0%

LEISURE



EASTERN EUROPE



45% 36%

8% 8%

54% 43%

18% 16%

50% 50%

18% 27%

LOGISTICS MANUFACTURING

Poland Key Sectors

70% 52%

26% 17%

59% 41%

14% 18%

62% 36%

5% 7%

MEDIA

49% 35%

13% 18%

33% 41%

16% 12%

61% 44%

14% 16%

PHARMACEUTICALS

MINING

69% 52%

5% 1%

71% 83%

21% 13%

66% 66%

11% 13%

RETAIL

MEDICAL PACKAGING

PROPERTY

TECHNOLOGY - HARDWARE TECHNOLOGY - SOFTWARE

41% 52%

19% 11%

38% 31%

23% 38%

UTILITIES TELECOMMUNICATIONS

SHARED SERVICES



EASTERN EUROPE



71% 57%

21% 14%

67% 58%

17% 17%

50% 50%

22% 33%

AUTOMOTIVE & AEROSPACE ACCOUNTANCY

Romania Key Sectors

64% 64%

9% 18%

43% 29% 29%

43%

75% 53%

35% 38%

63% 63%

25% 25%

39% 28%

22% 28%

54% 62%

38% 23%

LOGISTICS

ENERGY - OIL & GAS

BANKING

58% 58%

17% 17%

64% 64%

27% 18%

63% 50% 50%

0%

PHARMACEUTICALS

54% 57%

25% 17%

42% 67%

17% 8%

85% 38% 38%

31%

TECHNOLOGY - HARDWARE RETAIL

TELECOMMUNICATIONS TECHNOLOGY - SOFTWARE UTILITIES

FMCG

MEDIA MEDICAL




MIDDLE EAST


Middle East - Key Sectors



Accountancy


Chemicals


Consumer Goods

Electronics

Energy - Oil & Gas

Fashion

FMCG

Insurance

Logistics

Luxury Goods

Manufacturing

Medical

Pharmaceuticals

Property

Retail



Telecommunications

45%

40%

38%

36%

67%

84%

50%

73%

83%

25%

36%

71%

59%

90%

100%

50%

79%

73%

63%

42%

Accountancy


Chemicals


Consumer Goods

Electronics

Energy - Oil & Gas

Fashion

FMCG

Insurance

Logistics

Luxury Goods

Manufacturing

Medical

Pharmaceuticals

Property

Retail



Telecommunications

55%

70%

38%

48%

58%

63%

60%

36%

69%

67%

57%

79%

67%

80%

54%

38%

48%

73%

57%

50%




MIDDLE EAST


Middle East - Key Sectors Continued…



Accountancy


Chemicals


Consumer Goods

Electronics

Energy - Oil & Gas

Fashion

FMCG

Insurance

Logistics

Luxury Goods

Manufacturing

Medical

Pharmaceuticals

Property

Retail



Telecommunications

18%

0%

13%

21%

17%

26%

10%

9%

17%

8%

14%

0%

15%

40%

31%

25%

6%

6%

8%

42%

Accountancy


Chemicals


Consumer Goods

Electronics

Energy - Oil & Gas

Fashion

FMCG

Insurance

Logistics

Luxury Goods

Manufacturing

Medical

Pharmaceuticals

Property

Retail



Telecommunications

18%

0%

13%

27%

8%

11%

5%

18%

31%

0%

7%

4%

22%

30%

31%

25%

3%

9%

10%

33%




AFRICA


Africa - Key Sectors



Accountancy


Banking


Consumer Goods

Energy - Oil & Gas

Energy - Renewables

FMCG

Logistics

Manufacturing

Medical

Mining

Pharmaceuticals

Security Services



Telecommunications

70%

60%

38%

53%

75%

53%

50%

67%

80%

83%

75%

67%

68%

62%

86%

61%

63%

Accountancy


Banking


Consumer Goods

Energy - Oil & Gas

Energy - Renewables

FMCG

Logistics

Manufacturing

Medical

Mining

Pharmaceuticals

Security Services



Telecommunications

60%

70%

38%

59%

75%

53%

50%

78%

80%

75%

50%

89%

64%

62%

100%

57%

63%




AFRICA


Africa - Key Sectors Continued…



Accountancy


Banking


Consumer Goods

Energy - Oil & Gas

Energy - Renewables

FMCG

Logistics

Manufacturing

Medical

Mining

Pharmaceuticals

Security Services



Telecommunications

30%

40%

13%

24%

25%

18%

50%

22%

10%

17%

25%

11%

8%

23%

0%

30%

0%

Accountancy


Banking


Consumer Goods

Energy - Oil & Gas

Energy - Renewables

FMCG

Logistics

Manufacturing

Medical

Mining

Pharmaceuticals

Security Services



Telecommunications

20%

40%

25%

18%

25%

29%

75%

11%

10%

33%

25%

11%

8%

0%

14%

35%

0%




ASIA PACIFIC


Asia Pacific - Key Sectors



Accountancy

Agriculture


Banking

Chemicals


Consumer Goods

Electronics

Energy - Oil & Gas

Energy - Renewables

FMCG

Insurance

Logistics

Manufacturing

Medical

Pharmaceuticals

Property



Telecommunications

50%

72%

62%

50%

68%

75%

61%

58%

49%

49%

65%

53%

67%

67%

65%

71%

59%

63%

60%

55%

Accountancy

Agriculture


Banking

Chemicals


Consumer Goods

Electronics

Energy - Oil & Gas

Energy - Renewables

FMCG

Insurance

Logistics

Manufacturing

Medical

Pharmaceuticals

Property



Telecommunications

53%

78%

69%

54%

65%

78%

64%

56%

50%

51%

67%

43%

58%

72%

70%

71%

60%

68%

61%

58%




ASIA PACIFIC


Asia Pacific - Key Sectors Continued…



Accountancy

Agriculture


Banking

Chemicals


Consumer Goods

Electronics

Energy - Oil & Gas

Energy - Renewables

FMCG

Insurance

Logistics

Manufacturing

Medical

Pharmaceuticals

Property



Telecommunications

22%

9%

19%

21%

19%

11%

15%

23%

7%

6%

16%

16%

14%

13%

17%

23%

12%

27%

18%

33%

Accountancy

Agriculture


Banking

Chemicals


Consumer Goods

Electronics

Energy - Oil & Gas

Energy - Renewables

FMCG

Insurance

Logistics

Manufacturing

Medical

Pharmaceuticals

Property



Telecommunications

18%

8%

13%

15%

17%

9%

10%

14%

9%

8%

14%

16%

10%

12%

13%

12%

15%

20%

16%

26%




ASIA PACIFIC


Asia Pacific Key Sectors Continued… Are you currently hiring at managerial/professional level? Do you expect to hire at managerial/professional level over the coming quarter? Are you currently letting people go at managerial/professional level? Do you expect to let people go at managerial/professional level over the coming quarter?

63% 68%

16% 14%

69% 68%

18% 16%

69% 74%

10% 9%

ACCOUNTANCY AUTOMOTIVE & AEROSPACE AGRICULTURE

China Key Sectors

66% 67%

5% 4%

76% 77%

26% 23%

78% 76%

18% 14%

CHEMICALS

CONSTRUCTION & ENGINEERING BANKING

73% 77%

15% 13%

59% 61%

23% 25%

57% 55%

20% 16%

EDUCATION E-COMMERCE & SOCIAL MEDIA CONSUMER GOODS

67% 65%

20% 15%

46% 47%

6% 6%

51% 53%

8% 13%

ENERGY - RENEWABLES

ENERGY - OIL & GAS

ELECTRONICS

73% 79%

20% 19%

73% 76%

26% 26%

73% 66%

26% 19%

INSURANCE FMCG

FASHION

44% 44%

10% 9%

LEGAL

63% 58%

33% 26%

LEISURE



ASIA PACIFIC



63% 68%

16% 14%

69% 68%

18% 16%

69% 74%

10% 9%

LOGISTICS MANUFACTURING LUXURY GOODS

China Key Sectors

66% 67%

5% 4%

76% 77%

26% 23%

78% 76%

18% 14%

MEDICAL MINING MEDIA

73% 77%

15% 13%

59% 61%

23% 25%

57% 55%

20% 16%

PROPERTY PHARMACEUTICALS PACKAGING

67% 65%

20% 15%

46% 47%

6% 6%

51% 53%

8% 13%

SECURITY SERVICES RETAIL PUBLIC SECTOR (GOVERNMENTAL)

73% 79%

20% 19%

73% 76%

26% 26%

73% 66%

26% 19%

TELECOMMUNICATION


44% 44%

10% 9%

UTILITIES




ASIA PACIFIC



75% 88%

0% 0%

79% 80%

23% 18%

63% 68%

42% 21%

BANKING AUTOMOTIVE & AEROSPACE AGRICULTURE

India Key Sectors

63% 63%

24% 22%

72% 80%

10% 8%

73% 73%

10% 3%

CONSUMER GOODS

CONSTRUCTION & ENGINEERING CHEMICALS

65% 54%

31% 12%

79% 79%

7% 14%

79% 82%

14% 11%

FMCG ENERGY - OIL & GAS ELECTRONIC

66% 75%

13% 3%

81% 81%

15% 12%

71% 73%

23% 4%

MEDICAL MANUFACTURING LOGISTICS

76% 86%

46% 14%

69% 78%

7% 4%

63% 74%

33% 19%

TECHNOLOGY - HARDWARE PROPERTY PHARMACEUTICAL

73% 70%

28% 23%

49% 56%

30% 26%




ASIA PACIFIC



38% 38%

28% 23%

38% 38%

28% 23%

38% 38%

28% 23%

ACCOUNTANCY AUTOMOTIVE & AEROSPACE

Singapore Key Sectors

38% 38%

28% 23%

38% 38%

28% 23%

38% 38%

28% 23%

CHEMICALS


BANKING

38% 38%

28% 23%

38% 38%

28% 23%

38% 38%

28% 23%

CONSUMER GOODS

38% 38%

28% 23%

38% 38%

28% 23%

38% 38%

28% 23%

ENERGY - RENEWABLES

ENERGY - OIL & GAS

FMCG

38% 38%

28% 23%

38% 38%

28% 23%

38% 38%

28% 23%

INSURANCE

MEDICAL MANUFACTURING

38% 38%

28% 23%

PROPERTY

38% 38%

28% 23%


ELECTRONICS

LOGISTICS

PHARMACEUTICALS



THE AMERICAS


The Americas - Key Sectors



Accountancy



Energy - Oil & Gas

Energy - Renewables

FMCG

Leisure

Manufacturing

Media

Medical

Pharmaceuticals


67%

57%

36%

63%

71%

71%

71%

45%

75%

64%

62%

63%

Accountancy



Energy - Oil & Gas

Energy - Renewables

FMCG

Leisure

Manufacturing

Media

Medical

Pharmaceuticals


83%

86%

36%

63%

57%

43%

57%

45%

75%

73%

77%

63%




THE AMERICAS


The Americas - Key Sectors



Accountancy



Energy - Oil & Gas

Energy - Renewables

FMCG

Leisure

Manufacturing

Media

Medical

Pharmaceuticals


33%

14%

45%

13%

14%

29%

14%

27%

25%

18%

8%

25%

Accountancy



Energy - Oil & Gas

Energy - Renewables

FMCG

Leisure

Manufacturing

Media

Medical

Pharmaceuticals


33%

14%

36%

25%

29%

57%

14%

27%

0%

9%

8%

38%





Disciplines and Functions

Western Europe Do you expect to hire at managerial/professional level over the coming quarter?

Accounting, Tax, Treasury

Administration

Banking

Board, "C-Level"

Construction

Creative, Design

Engineering, Production

Human Resources

IT Technical, IT support

Legal

Operations, Logistics, Procurement

R&D, Scientific

Sales & Marketing

9%

6%

3%

3%

2%

3%

10%

7%

15%

3%

8%

4%

21%

Disciplines and Functions – Expecting to Hire





Eastern Europe & Eurasia Do you expect to hire at managerial/professional level over the coming quarter?


Administration

Banking

Board, "C-Level"

Construction

Creative, Design


Human Resources


Legal


R&D, Scientific

Sales & Marketing

6%

6%

1%

7%

3%

2%

14%

5%

17%

4%

12%

4%

17%






Middle East Do you expect to hire at managerial/professional level over the coming quarter?


Administration

Banking

Board, "C-Level"

Construction

Creative, Design


Human Resources


Legal


R&D, Scientific

Sales & Marketing

12%

13%

1%

3%

2%

1%

18%

12%

26%

3%

16%

5%

58%






Africa Do you expect to hire at managerial/professional level over the coming quarter?


Administration

Banking

Board, "C-Level"

Construction

Creative, Design


Human Resources


Legal


R&D, Scientific

Sales & Marketing

12%

8%

1%

4%

1%

1%

21%

10%

20%

4%

17%

8%

39%






Asia Pacific Do you expect to hire at managerial/professional level over the coming quarter?


Administration

Banking

Board, "C-Level"

Construction

Creative, Design


Human Resources


Legal


R&D, Scientific

Sales & Marketing

11%

4%

3%

2%

4%

7%

15%

16%

17%

3%

17%

9%

29%






The Americas Do you expect to hire at managerial/professional level over the coming quarter?


Administration

Banking

Board, "C-Level"

Construction

Creative, Design


Human Resources


Legal


R&D, Scientific

Sales & Marketing

11%

13%

1%

5%

1%

4%

25%

9%

22%

5%

14%

12%

35%




THE ‘ANTAL GLOBAL SNAPSHOT’ THE CURRENT PICTURE

Winners and Losers – Regions

The Snapshot highlights just how much divergence there is currently in economic fortunes around the globe. Philippines at the top of the table registers a staggering 98% of businesses currently recruiting managers or professionals in comparison to just 27% in the most sluggish employment market, Spain. Although some of the smaller established economies show high levels of hiring activity, the majority of busy employment markets are in the emerging regions.

Winners and Losers – Sectors

Across the globe, the sectors with the highest levels of recruitment at managerial and professional level were:

1. Manufacturing 2. Shared Services 3. Fashion 4. Automotive & Aerospace 5. Consumer Goods

The lowest was the legal sector, with 40% of organisations questioned currently hiring.

Global Snapshot – The Worldwide Picture

• Are you currently hiring at managerial/professional level? – 55%

• Are you currently letting people go at managerial/professional level? – 17%



THE ‘ANTAL GLOBAL SNAPSHOT’ THE OUTLOOK

Winners and losers

Most hiring activity over the coming quarter is likely to take place in emerging markets, and particularly in the new powerhouses of China and India, although the established markets of Australasia and Scandinavia are also showing strong signs of optimism.

The manufacturing, fashion, and automotive/aerospace sectors all seem set to carry their current hiring programmes into the coming quarter while recruitment within the legal profession is predicted to remain particularly low.

Global Snapshot – The Worldwide Picture

Do you expect to hire at managerial/professional level over the coming quarter? – 54%

Do you expect to let people go at managerial/professional level over the coming quarter? – 16%




CONCLUSION Keep calm and carry on

While the ongoing troubles of the eurozone seems to be generating an atmosphere of near panic amongst many bankers and politicians, global employment markets, at least at professional and managerial level appear to be holding up well. Despite predictions of a return to the darkest days of 2008 and 2009, the latest Snapshot sees overall hiring levels actually greater than in the summer – up to 55% of organisations surveyed from 52% in July.

As might be expected the driving force behind the figures is the continuing success of economies in emerging markets, particularly those in Asia. As a result the region has the highest level of recruitment around the world – 67% in comparison to just 39% in Western Europe. While hiring is slightly down in China from 70% in July to 67% now, as many as 86% of China-based companies intend to recruit professionals or managers over the coming months. India’s current hiring levels are actually up, from 69% in the summer to 72% and 75% of businesses in the country are planning to boost headcount in the next quarter. And the Philippines can boast the highest levels of recruitment anywhere on the planet – only 2% of the organisations surveyed were not in the process of taking on new staff.

Global Snapshot continues to highlight just how dramatic the shift of economic power is becoming. If this trend continues it could be that the next generation of movers and shakers in the business world will be found in Beijing, Brasilia or Bangalore rather than in Boston, Birmingham or Berlin.

Antal International would like to thank all respondents for their participation in this edition of the Antal Global Snapshot. As a result €11,786 was donated to the Antal Charitable Foundation, our charity which supports Chance UK, Duke of Edinburgh's Award and Smiling Children amongst other charities. For more details please visit the website at www.antalcharitablefoundation.com

Contact If you would like any further information about material included in this report or would like to reserve a copy of the next ‘Global Snapshot’, contact Sarah Carter at [email protected] or your local Antal office - see www.antal.com for more details. Sarah Carter Antal International 64 Baker Street London W1U 7GB Tel: +44 (0)207 467 2520 Fax: +44 (0)207 467 2521 Email: [email protected] www.antal.com www.snapshot.antal.com www.antalventures.com www.antalcharitablefoundation.com

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Antal Global Snapshot

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