Global Report on Hiring Trends Antal Survey

8/3/2019 Global Report on Hiring Trends Antal Survey

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ANTAL GLOBALSNAPSHOTA survey of hiring and firing trends in key

employment markets around the world.

Edition 7 - November 2010snapshot.antal.com


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Antal Global Snapshot | Edition 7 - November 2010 www.snapshot.antal.com

THE ANTAL GLOBAL SNAPSHOT

IntroductionThe Antal Global Snapshot is a regular survey of hiring (and firing) trends in some of the worlds most important

employment markets and in those likely to join this group over the coming decade. This seventh report in the series isbased upon material sourced from over 9100 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 InternationalFounded 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 offices in 32 countries and works with many

of the worlds most successful and ambitious multi-nationals.

MethodologyThis edition of the Antal Global Snapshot is based upon survey forms and telephone interviews completed by line

and HR managers in 9117 companies, professional partnerships and financial institutions across 52 countries in

September and October 2010.

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.


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Antal Global Snapshot | Edition 7 November 2010 www.snapshot.antal.com

THE ANTAL GLOBAL SNAPSHOTLocal Picture - Detailed information on the 52 key markets surveyed.

Western EuropeAre 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

France

61% 63%

33% 35%

The level of managerial and professional hiring has

increased from 47% to 61% in the last quarter and the

percentage of organisations intending to hire in the nextthree months has increased dramatically from 43% to

63%. However the percentages of employers letting staff

go and of those intending to let staff go in the next three

months has also risen from 28% and 29% respectively.

63% 61%

27% 27%

56% 57%

26%33%

The percentage of organisations recruiting professional

and managerial staff in France has increased slightly

since the summer, up from 53% to 56% now and future

hiring intentions are also stronger, up slightly from 56% in

June. The proportion of businesses intending to shed staff

is only slightly higher than the regional average of 22%but looks set to rise over the next three months.

32% 31%

12% 13%

Germany

The hiring picture in Belgium is still quite positive despite a

drop from 66% in June and Belgium now has the joint

highest rate of hiring in Western Europe alongside itsneighbour Luxembourg. The proportion of organisations

shedding staff or expecting to do so over the next quarter

has also fallen since the summer from 28% and 30%

respectively.

Despite the relative success of Germanys social market

economy, the proportion of organisations hiring at

professional and managerial level has slipped from 41% in

the summer to 32% now and is set to drop again slightly

over the coming quarter. However this somewhat negative

news is balanced by a percentage of employers shedding

staff which is much lower than the regional average of

22%.


4/24



Western Europe Continued...stern Western EuropeAre 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?


Italy Luxembourg

Malta

54% 57%

17%23%

Hiring levels have risen once again from 47% in June to

54% now and intentions to hire have also improved up

from 47% in the summer to 57% now. The percentage of

organisations shedding staff at professional and

managerial level has remained stable at 17% although

there appear to be signs that this may rise slightly over thecoming three months.

63%

50%

31%38%

52% 53%

19%

29%

When we last reported on Malta in June its jobs market

had all but ground to a halt with only 6% of organisations

recruiting at professional or managerial level, although

there were signs of optimism about the future. Fortunately

this optimism has turned out to be well placed and

prospects also look good for the coming quarter.

52%55%

24%29%

Netherlands

After a shaky summer when hiring fell dramatically from

the 58% level recorded in January to just 29% the jobs

market for professionals and managers in Luxembourg

has made a clear recovery. The country now has the

highest level of recruitment in Western Europe alongside

its neighbour, Belgium.

After peaking at 63% in June the level of hiring in the

Netherlands has slipped back to that registered in January

this year. However the professional and managerial jobs

market still remains much more active than in 2009 and

looks set to improve, albeit marginally, over the coming

quarter. The percentage of employers reducing current

head count has slowly decreased since the beginning of

the year and currently sits at 24%.


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



Portugal Spain

Switzerland

42%37%

20%

29%

The level of professional and managerial hiring in Portugal

has risen steadily since the summer from 36% to 42%

currently, although this is expected to fall over the coming

quarter. On a more positive note the percentage of

businesses shedding staff has fallen from 25% in June to

just 20% now, below the regional average of 22%.

37%34%

28% 27%

60% 61%

18%27%

Although hiring levels in Switzerland are slightly down

from the high of 64% in January they still remain very

healthy and on a par with those registered in June. At the

same time the percentage of businesses shedding staff is

down from 32% at the beginning of the year to just 18%

now, well below the regional average of 22%.

61% 63%

32% 34%

United Kingdom

Despite Spains continuing economic problems the

percentage of organisations hiring at professional and

managerial level has risen once again from 31% in June

to 37% now. However the proportion of companies

shedding staff has risen slightly from 26% in the summer

to 28% now.

Overall current hiring is up marginally from 60% in June to

61% and confidence about the future is much stronger

than at the beginning of the year when only 52% of

businesses envisaged recruiting in the coming quarter as

opposed to 63% now. However organisations are also

shedding more staff than in the summer only 32% now

in comparison to only 22% in June. The financial services

and telecoms sectors seem to be showing particular signsof health. The percentage of telecoms companies

recruiting at professional and managerial level has

remained steady at 75% and the percentage of financial

services organisations hiring has risen from 65% to 82%.


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WESTERN EUROPEDetailed examination of key markets

Western Europe Key SectorsAre you currently hiring at managerial/professional level?



German Sectors

16%

14%

46%

53%

23%

8%

51%

38%

28%

4%

82%

51%

27%18%

36%

73%

34%

22%

37%

38%

12%

19%

35%

51%

68%

69%

20%

11%

22%

17%

33%

39%

22%

34%

44%

43%

BANKING ENERGY MANUFACTURING

BANKING MANUFACTURINGPROFESSIONAL

SERVICES

BANKING MANUFACTURING PROFESSIONAL

SERVICES

Italian Sectors

Spanish Sectors

UK Sectors

28%

33%

77%

75%

37%

38%

54%

62%

29%

14%

86%

71%

60%

66%84%

83%

53%

48%84%

82%

TELECOMS MANUFACTURING IT

ENERGY BANKING AND FINANCE


7/24



Eastern Europe & EurasiaAre you currently hiring at managerial/professional level?



Bulgaria Croatia

Czech Republic

44%

52%

19%16%

As predicted, professional and managerial hiring levels

have dipped slightly from a 47% high registered in June.

However employers seem optimistic about the future with

52% expecting to hire over the next three months. The

percentage of businesses letting people go has remained

stable but looks set to fall over the coming quarter to a

figure well below the regional average of 30%.

49%44%

17%14%

68%61%

42%

52%

Hiring levels in Czech Republic have been rising steadily

since the beginning of the year and are up from 61%

registered in the summer. However the percentage of

organisations shedding staff has risen substantially since

June from just 23% suggesting an increasing rate of churn

in the professional and managerial jobs market.

27% 28%

17% 18%

Hungary

The level of hiring in Croatia has risen noticeably since

the summer when only 32% of businesses were recruiting

professionals or managers. The percentage of

businesses shedding staff has also fallen from 20% in

June to 17% now and this downward trend looks set to

continue over the coming quarter.

Despite Hungarys ongoing economic problems there are

signs of improvement in the professional and managerial

jobs market with hiring levels up from just 19% in June to

27% now and the prospect of a further marginal rise over

the coming quarter. The proportion of businesses

shedding staff is also down from 20% in the summer to

just 17% now.


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



Poland Romania

Russia

54% 53%

13% 13%

The percentage of organisations hiring at professional and

managerial level is up for the first time since January from

47% to 54% now and looks set to remain steady over the

next three months. The proportion of businesses shedding

staff also remains low, well below the regional average of

24% and the lowest level recorded in any country

surveyed in Eastern Europe and Eurasia.

50% 51%

29%

31%

75% 77%

45%40%

After a slight drop in hiring levels to 66%, the percentage

of organisations recruiting professionals or managers has

rebounded to 75% and is set to rise again to 77% over the

coming quarter. Hiring levels are the fourth highest in the

Eastern Europe/Eurasia region, exceeded only by those

registered in Slovakia, Ukraine and Israel. However the

proportion of businesses shedding staff has risen

significantly from 33% in the summer to 45% now

although this is predicted to fall to 40% over the next three

months.

47%

58%

21% 20%

Serbia

Hiring levels in Romania have remained steady since the

summer when almost exactly the same percentages of

businesses were recruiting at professional and managerial

level. However the proportion of organisations shedding

staff has risen from just 20% in June to 29% now and

looks set to rise again to 31% over the coming quarter.

Although activity in the Serbian jobs market was

exceptionally low in the summer at just 24%, predictions

of an increase in hiring have been almost exactly fulfilled

with 47% of organisations now recruiting at professional or

managerial level. However this has also brought about an

increase in the proportion of businesses shedding staff, up

from 16% in June to 21% now.


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



Slovakia Slovenia

Turkey

76% 72%

36% 32%

Hiring levels in Slovakia have risen significantly since

June when only 54% of organisations were hiring at

professional and managerial level and are now the third

highest in the Eastern Europe/Eurasia region, exceeded

only by those in Ukraine and Israel. However the

proportion of businesses shedding staff has also risen

from just 20% in June to 36% now.

69% 69%

27%31%

74%69%

17% 19%

Professional and managerial hiring levels in Turkey have

leapt up dramatically since the last time Snapshot

surveyed the country in June when only 29% of

companies were recruiting and activity seems likely to

remain high over the next three months. The proportion of

businesses shedding staff has risen slightly from just 10%

recorded in the summer but the current figure is still

comfortably under the regional average of 24%.

79% 83%

45%52%

Ukraine

Hiring levels in Slovenia have risen significantly since

June when only 44% of companies were hiring

professionals or managers. However, as seen in other

states this improvement in the jobs market has also led to

a rise in the proportion of businesses shedding staff, up

from just 11% in June to 27% now.

Hiring levels in Ukraine have climbed from 68% in June

and the country now has the highest recruitment rate in

the Eastern European/Eurasian region and is well ahead

of the global average of just 59%. However this activity

has also led to a much higher proportion of businesses

shedding staff, up from 30% in June to 45% now and set

to rise to 52% over the coming quarter.


10/24



Eastern Europe & Eurasia Continued...

EuropeAre you currently hiring at managerial/professional level?

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



79% 82%

23%28%

Israel

The proportion of companies hiring at professional and

managerial level has risen dramatically since the summerfrom 47% to 79%, comfortably exceeding the predicted

level of 67%. However the percentage of organisations

shedding staff has risen slightly from 20% to 23% and

looks set to rise further in the coming quarter.

57%60%

23%28%

Eastern Europe & Eurasia

Regional Averages


11/24


EASTERN EUROPEDetailed examination of key markets

Eastern Europe & Eurasia Key SectorsAre you currently hiring at managerial/professional level?




Polish Sectors

18%

16%

61%

47%

19%

16%

47%

58%

49%

19%

58%

55%

5%

6%

43%

59%

11%

13%

55%

53%

20%

30%

60%

71%

2%

33%

68%

67%

75%

62%

88%

63%

4%

24%

90%

25%

AUTOMOTIVE BANKING ENGINEERING

IT - SOFTWARE PHARMACEUTICALS TELECOMS

CHEMICALS ENERGY ENGINEERING

Russian Sectors

Turkish Sectors

18%

20%

62%

60%

14%

15%

66%

83%

8%

9%

82%

81%

CHEMICALS ELECTRONICS IT


12/24



Middle East & Gulf Region EuropeAre you currently hiring at managerial/professional level?



Middle East & Gulf Region(Bahrain, Kuwait, Israel, Oman, Qatar, Saudi Arabia, UAE, Yemen) Qatar

Saudi Arabia

56%

69%

20%27%

The jobs market for managers and professionals has

improved across the Middle East and Gulf region since

the summer with the percentage of organisations hiring at

this level rising from 48% in June to 56% now and looks

set to climb again in the coming quarter. The proportion of

businesses shedding staff is also comfortably low at 20%,

three percentage points lower than the global average.

The relatively poor economic performance of Yemen alsonegatively affects the overall figures for the region and this

should be taken into account when making comparison

with other key geographical markets.

80%89%

24% 27%

49%

89%

21%

43%

Hiring at professional and managerial level in Saudi

Arabia has dropped significantly since June when 74% of

organisations were recruiting, giving the country the most

active job market in the whole of the Middle East/Gulf

region. However this drop appears to be the result of a

blip rather than the herald of a downward trend as 89%

of businesses expect to hire in the coming quarter.

53%

75%

9%13%

UAE

The effects of Qatars 2030 Vision which is designed to

move the country away from its traditional dependence on

oil and gas appears to be having a beneficial effect on the

middle to senior jobs market. Four-fifths of organisations

in the country are currently hiring and nearly nine-tenths

expect to in the coming quarter meaning that Qatar has

now overtaken Saudi Arabia as the busiest jobs market for

managers and professionals in the Middle East/Gulf

region.

After a slight rise in June to 62% hiring in the UAE has

fallen back to around the level registered in January.

However employers appear optimistic about the

immediate future with three-quarters of those questioned

predicting that they will recruit professionals or managers

over the next three months. The proportion of businesses

shedding staff has also fallen to just 9%, well below the

global average of 23%.


13/24



AfricaAre you currently hiring at managerial/professional level?



Angola Botswana

Egypt

43% 42%

36%

21%

Hiring levels in Angola have dropped slightly since the last

Global Snapshot, although the percentage of companies

recruiting is higher than the 33% predicted earlier in 2010.

The number of organisations letting staff go has rocketed

to the highest figure in Africa. However with only 2% of

companies firing professional staff during the lastSnapshot, it perhaps comes as no surprise that

organisations would eventually want to get rid of some

people. This figure looks set to drop over the next quarter

whilst hiring is expected to remain steady.

50%

75%

25% 24%

74%

97%

32%37%

Egypt now has the strongest level of recruitment in the whole

of Africa with 74% of companies taking on new staff only a

slight change since the last Snapshot. The number of

organisations letting staff go has increased and looks set to

rise even more over the coming quarter. However with a

boom in hiring expected over the next few months, the

outlook for the Egyptian jobs market still looks very positive.

41%46%

28%22%

Ghana

Exactly as expected in the last Snapshot, half of

organisations are now hiring in Botswana, with three

quarters expecting to recruit over the next three months.

Although the number of companies letting staff go has

risen significantly from the 1% recorded last quarter, this

figure is in fact lower than in many of Botswanas

neighbouring countries and looks set to remain stable.

Like many of its African neighbours, Ghana has

experienced a significant increase in both hiring and firing

levels over the last three months as it begins to reassess

its managerial workforce. Recovery in the country looks

set to continue as recruitment levels are predicted to

approach 50% and the number of organisations shedding

staff is expected to drop.


14/24



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



Kenya

South Africa

38%

75%

13% 13%

The hiring level of 71% predicted in the last Snapshot has

not materialised, but the number of companies firing staff

has also dropped substantially and is now one of the

lowest figures in Africa. The statistics for the remainder of

2010 look positive, with a predicted boost in hiring

combined with few organisations expecting to let staff go.

66%

75%

19% 19%

63% 64%

11% 10%

As predicted in the last Snapshot, 11% of companies in

South Africa are currently letting staff go the lowest

figure in the whole of Africa. However rather than

recruitment levels dropping to 35% as predicted, hiring in

South Africa actually increased by 24% and now stands at

the highest level seen here so far in 2010. Market

conditions look set to remain strong over the next few

months.

Nigeria has one of the best hiring levels in Africa, and with

low rates of firing in the country the recruitment market is

looking strong. With more organisations planning to recruit

new professional and managerial staff over the coming

quarter and the number of companies letting staff go

predicted to remain the same, the jobs market looks set to

be even stronger by 2011.

Nigeria


15/24


AfricaDetailed examination of key markets

South African Key Sectors EuropeAre you currently hiring at managerial/professional level?



South African Sectors

18%

21%

43%

71%

5%

7%

89%

91%

11%

5%

68%

53%

61%

81%

98%

80%

BANKING CHEMICALS

ENERGY ENGINEERING

19%

5%

59%

60%

6%

10%

39%

29%

46%

25%

92%

76%

14%

10%

62%

71%

FMCG SUPPLY CHAIN

TELECOMS MANUFACTURING


16/24



Asia & Indian SubcontinentAre you currently hiring at managerial/professional level?



China Hong Kong

India

81%74%

27% 26%

Hiring in China has jumped from 72% over the past

quarter, significantly more than the 1% rise expected in

our last report. With the most hiring activity we have seen

all year for the Chinese market, the country now has one

of the highest levels of recruitment recorded in this edition

of Global Snapshot. The percentage of companies letting

managerial staff go has increased by a similar amount

and is expected to remain stable over the next three

months.

77% 76%

23%30%

76%81%

20% 19%

Conditions in India seem very positive - the number of

companies recruiting here has steadily risen over 2010 form

71% in January and is expected to rise again during the

remainder of the year. Although there has been a slight

increase in the number of organisations letting staff go, this

was predicted in the last Snapshot and looks set to dip

slightly over the next quarter.

73%69%

35% 38%

Japan

The Hong Kong employment market is looking strong with

over three quarters of companies currently recruiting

managerial and professional staff. Hiring has increased to

a higher level than predicted in the last Snapshot and

firing rates have remained the same rather than rise as

expected, so it seems that economic conditions over the

past three months have in fact been more positive than

the business world expected.

Like many of its neighbours in Asia, Japan is experiencing

high levels of recruitment activity and hiring levels have

seen a jump of almost 20% since the last Snapshot just

three months ago. The number of companies letting staff

go has increased as expected and is predicted to rise

again slightly over the next quarter - a trend which the

majority of other Asian markets also predict.


17/24



Asia & Indian Subcontinent Continued...Are you currently hiring at managerial/professional level?



Malaysia Pakistan

Philippines

78%74%

35%43%

The recruitment market looks strong in Malaysia with

hiring levels climbing and firing rates falling significantly.

Over a third of companies are still letting staff go and this

is a figure expected to rise but it seems that with such

high levels of recruitment across Asia, countries like

Malaysia are experiencing this attrition as businesses look

to refresh their management teams during the recovery.

62% 60%

32% 34%

80%

91%

30%

41%

Whereas in the last Snapshot the recruitment market in

the Philippines was rather volatile with almost the same

amount of companies hiring as firing, these figures show a

vast improvement. As expected hiring levels have

rocketed with four out of five organisations taking on

professional and managerial staff, however counter to

expectations, the number of companies letting staff go has

in fact dropped by 20%. Although this figure is predicted torise again, with 91% of companies planning to recruit over

the next quarter it seems as though many businesses in

the Philippines are renewing their workforces.

79% 77%

25% 25%

Singapore

Hiring and firing levels have changed little since the

summer and although recruitment still has not reached the

level recorded in January of this year, the number of

companies letting staff go is now significantly less than at

the beginning of the year. Despite its political challenges,

conditions in the professional and managerial jobs market

in Pakistan seem stable and are expected to remain so

over the next quarter.

Like many of its Asian neighbours, Singapore is

experiencing a high level of recruitment, however this is

coupled with one of the lowest firing levels in the region.

With far more positive figures than expected in the last

Snapshot, it is one of only a couple of Asian countries that

isn't predicting a rise in the number of businesses letting

staff go, indicating a strong and stable employment

market.


18/24


Asia & Indian SubcontinentDetailed examination of key markets

Asia & Indian Subcontinent Continued...Are you currently hiring at managerial/professional level?




Thailand

30%

53%

77%

85%

28%

29%

85%

86%

16%

25%

70%

79%

86% 85%

43%51%

9%

9%

82%

73%

BANKINGPHARMACEUTICAL

MANUFACTURING PROFESSIONALSERVICES

China Sectors Key Sectors

India Sectors Key Sectors

11%

33%

83%

72%

18%

13%

81%

73%

13%

13%

88%

75%

34%

42%

82%

84%

ENGINEERING FMCG

MANUFACTURING IT

Not only has the level of hiring in Thailand more than

doubled since the last Global Snapshot, the country

now has the highest level of recruitment in Asia and

this shows no signs of declining. However this is

coupled with a significant increase in the number of

organisations letting staff go, which is also the highest

in the region, indicating that the Thai market may need

more time to stabilise and reorganise its management

teams.


19/24



The AmericasAre you currently hiring at managerial/professional level?



Argentina Brazil

Canada

46% 47%

23%

42%

Argentina has the lowest level of hiring in the Americas,

however there are also the fewest number of companies

letting staff go here. With recruiting levels expected to

remain the same and firing levels predicted to rise it

seems that employers are becoming more cautious and

looking to swap existing personnel for new talent over the

rest of 2010.

70% 71%

28% 30%

76%67%

42%48%

The number of organisations hiring in Canada has

remained the same since the last Snapshot and at 76%

this level of hiring is the highest in the Americas. With the

level of firing also the highest in the region, the Canadian

jobs market continues to show a lot of activity taking

place. Recruitment looks set to remain strong although

with a lot of companies planning to let staff go it looks as

though Canada is still trying to get the right mix of staff forits workforce.

52%55%

24%

38%

Mexico

Once again, recruitment levels in Brazil have improved

and look set to remain strong over the next quarter. The

number of organisations letting staff go has decreased

rather than risen as was predicted in the last Snapshot

and is expected to remain relatively steady over the

coming months.

Mexico has experienced a drop in both hiring and firing

levels but still has a relatively strong recruitment market.

As in the rest of the Americas, the number of

organisations letting staff go is expected to rise over the

coming quarter, although it is predicted that the number

taking on new staff will also increase slightly.


20/24



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



USA

66% 68%

33% 36%

As predicted in the last Snapshot, hiring in the United

States has risen slightly to 66% and firing levels have

dropped. With the amount of companies taking on

professional and managerial staff at the highest level it

has been all year, this figure is expected to improve overthe coming quarter, indicating that the US employment

market is continuing to recover slowly.


21/24



AustralasiaAre you currently hiring at managerial/professional level?



Australia New Zealand

78%71%

33% 37%

The level of hiring of professionals and managers in

Australia has risen from 69% in June to a figure well

ahead of the global average of 57%, demonstrating the

continuing robustness of the Australian economy. At the

same time the proportion of businesses shedding staff hasfallen from 41% in June to just 33% now.

74%

58%

42%

53%

The jobs market for professionals and managers in New

Zealand is performing almost as well as that in

neighbouring Australia with hiring up from 67% in June to

74% now and the proportion of businesses shedding staff

dropping from 67% to 42%.


22/24


THE ANTAL GLOBAL SNAPSHOTTHE CURRENT PICTURE

Winners and Losers Regions

In line with the ongoing shift of economic power to the

East, the most active region was Asia-Pacific where

77% of organisations were hiring at professional or

managerial level, up from 65% in June. Australasia

followed close behind with 76% of companies recruiting

at this level. In strong contrast, Western Europe could

only muster a score of 58% although this demonstrated

a distinct rise in hiring activity from 45% in the summer.

Winners and Losers Sectors

Across the globe the sectors with the highest levels of

recruitment at professional and managerial level were:

1) Healthcare2) Renewable energy

3) Bio-technology4) Retail5) Professional services

The lowest were government (excluding healthcare and

education, newspapers and magazines, utilities and

music and entertainment.

Global Snapshot The Worldwide Picture

Are you currently hiring at managerial/professional level? 57%

Are you currently letting people go at managerial/professional level? 23%


23/24


THE ANTAL GLOBAL SNAPSHOTTHE OUTLOOK

Winners and losers Regions

Hiring levels expected in the next three months look promising with 57% of organisations globally looking to

increase their headcount. The most active region is Asia with 76% expected to recruit at managerial or

professional level, up from 72% in June. The Gulf region follows close behind with 69% of companies looking torecruit at professional or managerial level. In contrast, organisations in Western Europe are only expected to

see a 58% hiring level in the next three months although this is rise from the recorded 51% in June.

Global Snapshot the worldwide picture

Do you expect to hire at managerial/professional level over the coming quarter? 58%

Do you expect to let people go at managerial/professional level over the coming quarter? 25%


24/24

THE ANTAL GLOBAL SNAPSHOT

Conclusion

A cautious recovery

If you turn down the TV and the radio for long enough you may hear a faint, but distinct, whistling sound somewhere in

the background. Dont worry, its nothing sinister. Its just the world emitting a communal sigh of relief.

No-one is likely to be brave, or foolish, enough to say that our economic troubles are over. Particularly if they are

based in Greece, Ireland, Hungary or any of the other nations bearing the brunt of painful budgetary cuts at the

moment. But it does seem as if we have avoided the financial Armageddon that seemed all too real a prospect from

late 2008 to the early months of 2009.

In the professional and managerial jobs market this has been reflected by a slow, but steady, increase in activity since

September 2009. In this latest edition of Global Snapshot hiring at this level around the world has risen once again,

with 57% or organisations in the process of hiring in comparison to 54% in June. At the same time the proportion of

employers shedding staff has remained fairly stable, only rising one percentage point since June.

In a continuing demonstration of shifting economic power in the 21st century, it is the rising stars of the developing

world which continue to lead the way to sustained recovery. Both China and India are recording very high levels of

demand for professionals and managers, as is their fellow BRIC member, Brazil on the other side of the world.

For chief executives and HR directors around the globe, the key business challenge is already shifting away from

headcount reduction or containment to how to source the talent they will need in improving markets. The war fortalent, which had dwindled to little more than an insignificant skirmish, has already broken out once again.

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 James Griffin at [email protected] or your local Antal office see www.antal.com

for more details.

Sudeep Jaiswal

Managing Partner

Antal International Network

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Global Report on Hiring Trends Antal Survey

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