A regular international survey of over 20,000 organisations in 50 countries has found that job markets for professionals and managers around the world appear to be relatively stable.
The ‘Global Snapshot’ project from the multi-national recruitment firm,
Antal International, asked 20,546 companies in major markets such as
western and eastern Europe, Africa, India, China and the USA whether
they were currently hiring at professional and managerial level.
It then asked whether they planned to do so in the coming quarter and
whether they were currently letting staff go or were planning to do so
in the next three months.
Current hiring levels across the globe were down slightly with 51% of
respondents recruiting at professional and managerial level in
comparison to 55% in the last survey in April. 49% of organisations
questioned intended to hire in the coming quarter.
However, the overall rate of attrition has dropped from 20% in April to
18% now and this is expected to fall again to just 16% over the next
The highest levels of hiring were found in Iceland (94%), Denmark (75%)
and Ireland (63%), while the lowest were recorded in Germany where only
27% of companies questioned were in the process of recruiting at
professional or managerial level. In the UK the percentage of businesses
recruiting was up from 45% in April to 49% now and is expected to drop
by just 1% over the coming quarter. Despite that fact that Western
Europe has been a long-term casualty of the financial meltdown of 2008,
almost all of the countries surveyed in the region indicated at least
some rise in hiring activity at professional and managerial level, even
the Eurozone’s most high profile victims of the downturn, Spain and
Eastern Europe and Eurasia
The highest levels of recruitment in this region were found in Israel
(80%), Russia (68%) and Bulgaria (63%). The lowest was recorded in
Employment markets were relatively strong across the region, the
weakest, in UAE, registering a respectable 54% hiring rate, up from 49%
in April. The highest levels of recruitment were found in Qatar (76%)
and Saudi Arabia (73%).
In the continent’s most high profile economy, South Africa, hiring
levels were down from 53% in December to 50% now, but this figure is
expected to rise to 57% over the next three months.
Pakistan recorded the highest level of recruitment activity in the
region with 75% of organisations currently hiring, followed by Taiwan
with 70%. Activity in China had remained constant since the last survey
in April at 72% and this was expected to continue into the coming
quarter. In India the percentage of organisations increasing headcount
had also remained constant at 55%, but this was due to a rise marginally
to 56% in the next three months.
Canada registered the strongest performance in North America with 73% of
businesses currently seeking staff, while the figure for US employers
was 66%, up from 48% in April. In Latin America the most buoyant hiring
market was in Mexico where 74% of businesses were hiring at professional
and managerial level.
“In our view the results of the latest Snapshot research does not
suggest either any significant improvement or worsening of the global
economic picture,” says Antal’s CEO, Tony Goodwin. “Instead, we would
suggest this indicates that many organisations have now come to accept
uncertainty as an unwelcome, but inherent part of business life and are
consequently pushing ahead with investment and development in this ‘new
normal’. As a consequence, while McKinsey & Co’s notorious ‘war for
talent’ may be on indefinite hold in many sectors and disciplines, there
is no doubt that it is most definitely raging again over those
individuals whose specialist technical skills and entrepreneurial
application are key to driving businesses forward.”
A full copy of the survey report can be downloaded at www.antal.com