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8/9/2019 Antal Global Snapshot Edition 6 Milan
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ANTAL GLOBALSNAPSHOTA survey of hiring and firing trends in key
employment markets around the world.
Edition 6 - June 2010snapshot.antal.com
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Antal Global Snapshot | Edition 6 - June 2010
THE ANTAL INTERNATIONAL GLOBAL SNAPSHOT
IntroductionThe Antal International 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 sixth report in theseries is based upon material sourced from over 9600 businesses in commerce, industry and the financial services
sector in 55 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 30 countries and works with many
of the worlds most successful and ambitious multi-nationals.
MethodologyThis edition of the Antal International Global Snapshot is based upon survey forms and telephone interviews
completed by line and HR managers in 9672 companies, professional partnerships and financial institutions across 55
countries in May 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 6 June 2010
THE ANTAL INTERNATIONAL GLOBAL SNAPSHOTLocal Picture - Detailed information on the 55 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
France
47%43%
28% 29%
After peaking at 58% in January the level of managerial
and professional hiring has now dropped back slightly and
future hiring intentions are also down markedly from 73%.
However there is also encouraging news in the form of a
drop in the percentage of employers intending to shed
staff over the next few months from 35% to just 28%.
66%62%
28% 30%
53%56%
32%29%
The percentage of organisations recruiting professional and
managerial staff in France has dropped slightly since the
beginning of the year from 55% to 53% now. Future hiring
intentions are also down from 58% to 56%. More
encouragingly the proportion of organisations shedding staff
has reduced. The percentage losing people now has come
down from 37% to just 32% and appears likely to fall again
over the coming quarter.
41% 44%
24%19%
Germany
Although hiring levels have not returned to the extremely
high 70% reported in the autumn of 2009 they are
markedly better than those reported in January this year
when only 45% of businesses were recruiting. Future
hiring intentions are also strong, up from 50% in January
to 62% now.
After rising to 51% in January, the percentage of
organisations hiring staff has fallen back to the level
recorded in the autumn of 2009. Future recruitment
intentions are also less positive with the percentage
planning to hire in the coming quarter down from 54% to
44% now. However the number of organisations shedding
staff has also fallen from 28% in January and is set to drop
again over the coming quarter suggesting a stable ratherthan weakening employment market.
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Antal Global Snapshot | Edition 6 - June 2010
THE ANTAL INTERNATIONAL GLOBAL SNAPSHOTLocal Picture - Detailed information on the 55 key markets surveyed.
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?
Do you expect to let people go at managerial/professional level over the coming quarter?
Italy Luxembourg
Malta
47% 47%
17% 18%
Hiring levels have risen slightly from the 42% recorded in
January and appear likely to remain steady over the
coming quarter. At the same time the percentage of
organisations shedding staff at professional and
managerial level has fallen from 24% at the beginning of
the year to just 17% now.
29%
46%
29%33%
6%
51%
3%
17%
When we last reported on Malta in January its job market
was in a downturn with the percentage of organisations
recruiting down from 41% in September 2009 to 31%. Now
the market seems to have almost ground to a halt, although
businesses seem optimistic that it will restart in the coming
quarter.
63%58%
25% 24%
Netherlands
In our last report in January Luxembourg was registering
the joint highest level of hiring in the whole of Western
Europe. Now, however, recruitment has fallen
substantially from 58% to only 29% although hiring
intentions for the next three months are markedly better
at 46%.
After flat-lining throughout 2009 the amount of
recruitment at professional and managerial level continues
to rise, up from 52% in January to 63% now. Confidence is
also reflected in the fact that the percentage of businesses
shedding staff is down from 30% at the beginning of the
year to 25%.
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Antal Global Snapshot | Edition 6 - June 2010
THE ANTAL INTERNATIONAL GLOBAL SNAPSHOTLocal Picture - Detailed information on the 55 key markets surveyed.
Western Europe Continued...stern 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?
Portugal Spain
Switzerland
36%
45%
25% 27%
Portugals hiring rate is predicted to rise to the levels
commonly seen across Europe in the next quarter.
Companies expecting to let people go are predicted to rise
slightly, but this is only to levels that are comparable with
the rest of Europe.
31% 30%26% 23%
60%63%
32% 30%
Although hiring levels in Switzerland are slightly down from
64% in January they still remain very healthy and are due to
rise over the next three months. At the same time the
percentage of businesses shedding staff is down from 38% at
the beginning of the year and is due to fall again in the
coming quarter.
60% 61%
22% 19%
United Kingdom
Despite Spains continuing economic problems the
percentage of organisations hiring at professional and
managerial level has risen marginally from 30% in
January to 31% now. The proportion of companies
shedding staff has also gone down slightly from 29% at
the beginning of the year to 26% now and appears likely
to fall again in the next quarter.
Overall current hiring is up marginally from 59% to 60%
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
61% now. Organisations are also shedding less staff
only 22% now in comparison to 38% in January. The
financial services and telecoms sectors seem to be
leading the way in this improving picture. The percentage
of telecoms companies hiring is up from 71% to 75% andthe percentage of financial services organisations from
50% to 65%.
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Antal Global Snapshot | Edition 6 - June 2010
WESTERN EUROPEDetailed examination of key markets
Western Europe Key SectorsAre 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?
German Sectors
18%
13%
46%
49%
20%
15%
43%
41%
20%
7%
52%
51%
4%
16%
39%
50%
12%
13%
47%
52%
9%
18%
45%
36%
14%
16%
36%
33%
22%
3%
11%
11%
10%
33%
22%
11%
BANKING ENERGY MANUFACTURING
BANKING MANUFACTURINGPROFESSIONAL
SERVICES
BANKING MANUFACTURING PROFESSIONAL
SERVICES
Italian Sectors
Spanish Sectors
UK Sectors
29%
31%
76%
75%
3%
4%
50%
33%
12%
16%
65%
53%
22%
24%
62%
56%
20%
19%
66%
65%
TELECOMS MANUFACTURING IT
ENERGY BANKING AND FINANCE
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Antal Global Snapshot | Edition 6 - June 2010
THE ANTAL INTERNATIONAL GLOBAL SNAPSHOTLocal Picture - Detailed information on the 55 key markets surveyed.
Eastern Europe & EurasiaAre 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
47%44%
19%
28%
Hiring levels in Bulgaria are showing a gently upward
trend from 41% to 47%, but the forecast is for this to
decline a little. The percentage of companies letting
managers and professionals go has dropped significantly
from 28% last quarter, but is expected to jump back up
again to a similar level. However, the actual figure of 19%
of companies showing job losses compared to the
predicted level of 23% in January may indicate some
optimism.
32% 34%
20% 20%
61%56%
23%27%
Hiring levels are up a modest amount since the last
Snapshot, from 57% to 61%, although recruitment plans for
the coming quarter show a reduction from 64%. The number
of companies expecting to shed jobs is displaying a
significant drop, although the predicted headcount shrinkage
in 32% of companies predicted by the last Snapshot has not
happened. Despite the slight decline in predicted hiring
figures, this Snapshot suggests that the Czech Republic may
be at the forefront of a wider recovery in the region.
19%
30%
20% 19%
Hungary
The Croatian jobs market is seeing a slight dip from last
quarters hiring levels of 39% although confidence in
recruitment prospects over the coming quarter is slightly
raised. The percentage of staff being let go has dropped
significantly from the 34% reported last quarter, and this
figure is expected to remain stable. Predicted levels of job
loss in the last Snapshot seem to have been accurate,
indicating that there is a return to stability and that the
downward trend is bottoming out.
Hungarys economic problems continue to be reflected by
a depressed hiring situation thats down from 28% last
quarter, but optimism for an upturn appears to be strong.
However, it should be noted that the predicted hiring levels
from Januarys Snapshot were on the high side and do not
seem to have been borne out by this Snapshots reported
figures. The good news is that job losses are down from
25%, with fewer reported losses than predicted and this
indicator continues to show a marked downward trend.
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Antal Global Snapshot | Edition 6 - June 2010
THE ANTAL INTERNATIONAL GLOBAL SNAPSHOTLocal Picture - Detailed information on the 55 key markets surveyed.
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
Russia
47% 47%
13% 12%
The job market for managers and professionals in Poland
has remained fairly steady since the start of 2010, with
hiring levels down only a little from 48%. Optimistically,
the levels of jobs being shed remains low, down slightly
from 15% shown in the last Snapshot at the beginning of
the year, with a further drop forecast, so Polands position
as having one of the lowest levels of job losses and
expected job losses in Eastern Europe remains stable.
50% 52%
20% 20%
66%61%
33% 31%
The percentage of organisations recruiting managers and
professionals across Russia has seen a mild decline from the
impressive figures noted at the beginning of the year to a still
respectable 66%. The number of companies downsizing in
this sector is also declining, down from 40% in the previous
Snapshot to 33%. A predicted figure of 31% expecting to lose
staff in the coming quarter suggests a continuing positive
trend. Taken together with hiring figures that are amongst the
highest for the region, this points towards a sustained
recovery.
24%
48%
16% 16%
Serbia
Romanias professional and managerial jobs market has
seen a slight decline, with hiring levels down from 55% in
the last Snapshot and the previously forecast figure of
53% proving overly optimistic. However, a forecast
growth figure of 52% for the next quarter suggests that
the country may be returning to stability in terms of hiring
levels. The picture for job losses is also cautiously
optimistic. Although Januarys Snapshot predicted that27% of businesses would shed staff this materialized at
only 20%.
The outlook for managerial and professional jobs in Serbia
appears very positive, with a jump to 48% of companies
hiring predicted. Downsizing levels of 16% are below
average for Eastern Europe and not expected to see an
increase in the next quarter, suggesting that Serbia is
joining the wider economic recovery.
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Antal Global Snapshot | Edition 6 - June 2010
THE ANTAL INTERNATIONAL GLOBAL SNAPSHOTLocal Picture - Detailed information on the 55 key markets surveyed.
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?
Slovakia Slovenia
Turkey
54%
63%
20%26%
Strong current hiring levels, combined with a predicted
increase in managerial and professional jobs suggest that
Slovakia is joining the regions overall recovery. Levels of
actual and predicted job losses are similar to the
Snapshots findings across the whole of Eastern Europe.
44%
52%
11%
19%
29%
48%
10%13%
This Snapshots hiring level of 29% is down from the 36% of
companies taking on managers and professionals at the start
of 2010, but predictions show this to be a minor dip, with
recruitment expected to soar to 48%. Additionally, job loss
rates continue to remain at one of the lowest levels in the
European/Eurasian region, with previous estimates being
reasonably accurate. Predictions for job losses in the next
quarter are slightly more negative; with a small rise expected.
Neighbouring Greeces economic problems may be affecting
levels of confidence in the region, but the majority of
companies appear to be consolidating and retaining, ratherthan planning to fire, staff.
68% 70%
30%26%
Ukraine
Slovenias hiring levels are at the same level as the
Eastern European average, with companies optimistic for
a continued increase. Job loss levels and predictions are
significantly lower than are being seen in the region.
Hiring and firing levels in the Ukraine are very similar to
those currently being reported in Russia, comparing
favourably with other countries in the region. A predicted
rise in managerial recruiting and an expected drop in
levels of staff reductions are also good news for the
country.
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Antal Global Snapshot | Edition 6 - June 2010
EASTERN EUROPEDetailed examination of key markets
Eastern Europe & Eurasia Key SectorsAre 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?
Polish Sectors
18%
25%
68%
68%
11%
12%
35%
47%
15%
2%
75%
71%
4%
7%
43%
57%
13%
16%
63%
66%
5%
2%
48%
38%
25%
17%
67%
83%
39%
52%
49%
51%
17%
33%
50%
67%
AUTOMOTIVE BANKING ENGINEERING
IT - SOFTWARE PHARMACEUTICALS TELECOMS
CHEMICALS ENERGY ENGINEERING
Russian Sectors
Turkish Sectors
17%
17%
67%
50%
8%
8%
49%
33%
50%
33%
50%
58%
CHEMICALS ELECTRONICS IT
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Antal Global Snapshot | Edition 6 - June 2010
THE ANTAL INTERNATIONAL GLOBAL SNAPSHOTLocal Picture - Detailed information on the 55 key markets surveyed.
Middle East & Gulf Region 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?
Middle East & Gulf Region(Bahrain, Kuwait, Israel, Oman, Qatar, Saudi Arabia, UAE, Yemen) Saudi Arabia
UAE
48%
63%
21% 22%
The Gulf regions overall levels of hiring and firing are
roughly in line with the global outlook and hiring
expectations for the coming quarter are strong. High
levels of confidence and hiring levels in Saudi Arabia and
the UAE, and very low actual job losses and predicted
loses in Kuwait, are tempered by a poorer outlook in
Yemen, with losses and predicted losses both standing at
50%. The particular situation in Yemen negatively affects
the overall average figures for the region, so this shouldbe taken into consideration when comparing the hiring
and firing figures from the Gulf with other areas.
74% 77%
16% 16%
62%
73%
15% 16%
The UAEs recent economic problems do not seem to have
had a continuing negative impact on hiring levels and it has
retaken its place as one of the top job markets in the region,
second only to Saudi Arabia. Hiring levels in the UAE are up
since the beginning of the year when only 51% of businesses
were recruiting. Job losses are also occurring at a lower level
than in Januarys Snapshot when the percentage of
businesses shedding staff stood at 24%. With expectations
for job losses remaining very low and the numbers of
companies expecting to hire going up, there appears to be a
significant return in confidence in the employment sector.
47%
67%
20% 20%
Israel
Saudi Arabia continues to outperform all other countries
in the Gulf region, both in terms of current and projected
hiring. The percentage of organisations shedding staff at
professional and managerial level is also very low and
appears likely to continue at a low rate over the coming
quarter.
The percentage of companies predicting that they will be
taking on new managerial or professional staff in the next
quarter shows a leap up to 67% from the current level of
47%, suggesting that confidence in economic recovery is
growing.
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Antal Global Snapshot | Edition 6 - June 2010
THE ANTAL INTERNATIONAL GLOBAL SNAPSHOTLocal Picture - Detailed information on the 55 key markets surveyed.
Middle East & Gulf Region Continued... 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?
Bahrain Kuwait
Oman
52%57%
24%29%
Bahrains hiring levels are at a respectable 52%, putting it
slightly above average for the Gulf region, with the good
news that this is expected to increase. The percentage of
companies who responded to the survey expecting to
shed staff is slightly above the regional average at 24%.
38%
56%
6% 6%
51%53%
20% 20%
Omans predicted hiring levels for the next quarter are
expected to remain at a fairly stable level, in line with the
current Gulf average. Numbers of companies letting staff go
are also around the average level for the region. This
suggests that companies in Oman are consolidating their
position and that growth will be gradual rather than fast.
60%
73%
13%17%
Qatar
Hiring levels in Kuwait since the beginning of the year
have not been as strong as in other Gulf nations, but are
expected to see an upturn to 56% in the coming quarter.
The numbers of companies letting staff go are low at six
percent and this is not expected to rise, suggesting a
strong return to economic confidence.
Qatar is seeing companies taking on staff at professional
and managerial level at a rate that is well above the
average for the region, with growth expected to accelerate
in the coming quarter. Numbers of companies downsizing
are well below average.
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Antal Global Snapshot | Edition 6 - June 2010
THE ANTAL INTERNATIONAL GLOBAL SNAPSHOTLocal Picture - Detailed information on the 55 key markets surveyed.
AfricaAre 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?
Angola Botswana
Egypt
50%
33%
2%
17%
Current hiring levels in Angola compare favourably with
other countries in the region, although lower predictions
for the next quarter suggest that companies are favouring
a cautious outlook. Current headcount cuts are amongst
the lowest in the world.
25%
50%
1% 3%
75%71%
8%13%
After a very high (55%) level of companies shedding staff in
Januarys Snapshot, predictions for a much lower future level
appear to have been accurate, with only 8% reporting firings
now. Hiring is also occurring at a very high rate, up from 65%
at the beginning of the year. Predicted headcount shrinkage
amongst only 13% of companies compares well with the rest
of the region and shows that returning confidence appears
likely to be sustained.
33% 33%
2%
17%
Ghana
This Snapshot shows an excellent outlook for Botswana.
Hiring for the next quarter is predicted to hit an impressive
50% and firings are at miniscule levels.
After a period showing very low hiring rates, the recovery
in Ghanas professional and managerial jobs sector
indicated by the January Snapshot is continuing and is
predicted to remain stable. Actual reported job losses of
only 2% are amongst the lowest level in the whole Global
Snapshot.
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Antal Global Snapshot | Edition 6 - June 2010
THE ANTAL INTERNATIONAL GLOBAL SNAPSHOTLocal Picture - Detailed information on the 55 key markets surveyed.
Africa 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?
Kenya
South Africa
43%
71%
29%
43%
Kenya is an exception to the generally low levels of job
losses seen across Africa; however predicted hiring levels
of 71% next quarter are an extremely good sign.
52%
71%
14%
24%
39%35%
15%11%
South Africa has experienced a dip in hiring rates from the
previous level of 49%, with predictions for the next quarter
remaining cautious at 35%, suggesting that a previous
upward trend has not been sustained. More comfortingly,
however, levels of staff reduction remain reasonably low and
are expected to decline further, perhaps due to the World
Cups effect on the countrys economy. Some business
sectors such as banking and telecoms are clearly leading the
way out of the downturn, with significantly high hiring and low
firing figures.
The picture for Nigeria, since the beginning of the year, is
that businesses did not see the optimistic recovery hoped
for, but headcount reductions were not at the level feared.
After a significant rebound in hiring levels, which rose to
79% in January, the job market for managers and
professionals dropped to a still healthy 52% this time
around. However, the number of companies expecting tolet staff go had been predicted to hit 28%, but was
actually only half the expected figure at just 14%.
Nigeria
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Antal Global Snapshot | Edition 6 - June 2010
AfricaDetailed examination of key markets
South African Key Sectors 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?
South African Sectors
6%
7%
36%
51%
2%
3%
58%
72%
4%
7%
15%
27%
33%
17%
33%
33%
BANKING CHEMICALS
ENERGY ENGINEERING
8%
24%
51%
42%
14%
21%
29%
18%
2%
3%
25%
75%
34%
34%
67%
32%
FMCG SUPPLY CHAIN
TELECOMS TRANSPORT
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Antal Global Snapshot | Edition 6 - June 2010
THE ANTAL INTERNATIONAL GLOBAL SNAPSHOTLocal Picture - Detailed information on the 55 key markets surveyed.
Asia & Indian SubcontinentAre 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?
China Hong Kong
India
72% 73%
17% 19%
Although still down on the high of 74% recorded in
September, hiring levels in China remain buoyant at 72% -
almost exactly the same as in January this year. At the
same time the percentage of businesses shedding staff is
down from 25% at the beginning of 2010 to just 17% now.
All key sectors remain strong, although professional
services has made the only notable improvement withrecruitment in this sector up from 78% to 83%.
58%
65%
23%
35%
73%77%
11%16%
India continues to make a steady recovery from its very
depressing start to 2009 when less than 30% of businesses
in the country were recruiting at professional or managerial
level. Current hiring levels are up from 71% at the beginning
of the year to 73% now and the percentage of businesses
shedding staff is down from 16% to just 11%. The lead in the
ongoing recovery seems to have been taken by the
manufacturing sector where a staggering 96% of
organisations are planning to hire over the next three months.
54%
63%
25%33%
Japan
Hong Kongs hiring and firing figures and predictions are
very similar to those currently reported for Japan,
showing that the picture across the East Asian economies
is fairly consistent, although expected job loss rates
compare favourably with the Philippines. 58% of
companies hiring, rising to a predicted level of 65%
indicates that growth is expected.
Expected job losses for the managerial and professional
sectors in Japan are roughly in line with global levels and
a predicted rise in companies taking on staff, up to 63%
from 54% shows that the outlook for jobs in Japan is
buoyant.
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Antal Global Snapshot | Edition 6 - June 2010
THE ANTAL INTERNATIONAL GLOBAL SNAPSHOTLocal Picture - Detailed information on the 55 key markets surveyed.
Asia & Indian Subcontinent 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?
Malaysia Pakistan
Philippines
75%
90%
55%45%
Hiring levels in Malaysia are at a massive 75%, with an
even bigger jump predicted, putting it in the top two of the
global list for managerial and professional recruitment.
The current level of job cuts is also expected to drop in the
coming quarter.
62%58%
29% 31%
56%
81%
50%56%
The level of hiring at managerial and professional level is up
substantially from 46% in January to 56% now. However the
increase in the percentage of companies shedding staff from
42% at the beginning of the year to 50% now does suggest
there is still an underlying volatility in the jobs market.
53%
68%
47%53%
Singapore
Perhaps due to continuing uncertainty in the political
climate hiring levels are slightly down since January from
70% to 62%. However the percentage of organisations
shedding staff is also down markedly from 53% to just
29% suggesting some return in confidence to the jobs
market for managers and professionals.
Singapores current and predicted managerial and
professional hiring levels are slightly above the global
average and in line with those of other countries in the
region. Expected job reductions are above average but a
predicted jump in hiring to 68% is very positive news.
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Antal Global Snapshot | Edition 6 - June 2010
Asia & Indian SubcontinentDetailed examination of key markets
Asia & Indian Subcontinent 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?
Thailand
5%
15%
87%
85%
20%
16%
76%
83%
16%
14%
80%
78%
43%
71%
14%
29%
17%
17%
89%
83%
CHEMICALSENERGY
MANUFACTURING PROFESSIONALSERVICES
China Sectors Key Sectors
India Sectors Key Sectors
3%
4%
50%
59%
14%
3%
69%
85%
3%
4%
96%
75%
23%
24%
54%
52%
CHEMICALS ENERGY
MANUFACTURING TELECOMS
Thailands hiring levels are lower than those
currently being seen in other Asian
countries, but a level of job reductions of
14% is well below the regional average.
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Antal Global Snapshot | Edition 6 - June 2010
THE ANTAL INTERNATIONAL GLOBAL SNAPSHOTLocal Picture - Detailed information on the 55 key markets surveyed.
The AmericasAre 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
74%
65%
35%39%
With approximately three-quarters of companies currently
taking on managers and professionals, and two-thirds
expecting to do so in the next quarter, the picture for hiring
in Argentina is positive.
65% 66%
32%
41%
76%82%
41%47%
The Canadian jobs market shows significant churn. World-
leading levels of recruitment and a positive outlook are set
against 41% of companies reporting job cuts. Hiring levels
are above those reported in the USA and predicted growth to
82% of companies hiring shows that there is a lot of activity
taking place.
61%67%
36% 39%
Mexico
The hiring of managers and professionals in Brazil is up
markedly from 50% at the beginning of the year to 65%
now and is set to rise again over the next three months.
However the shedding of staff has also picked up quite
dramatically from just 16% in January.
Strong hiring rates in Mexico are expected to continue to
improve. Companies seeking to reduce headcounts are at
levels in line with the rest of the Americas.
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Antal Global Snapshot | Edition 6 - June 2010
THE ANTAL INTERNATIONAL GLOBAL SNAPSHOTLocal Picture - Detailed information on the 55 key markets surveyed.
The Americas 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?
USA
63%66%
37%34%
Global Snapshots findings mirror the recent figures
published by the US Labor Department which show that,
while the number of jobs in the US economy is climbing,
so is the number of unemployed. Our research shows the
percentage of companies hiring managers and
professionals is up from 56% in January to 63% now,
rising to 66% in the coming quarter. However thepercentage of businesses shedding staff is also up from
just 29% at the beginning of the year to 37% in May.
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Antal Global Snapshot | Edition 6 - June 2010
THE ANTAL INTERNATIONAL GLOBAL SNAPSHOTLocal Picture - Detailed information on the 55 key markets surveyed.
AustralasiaAre 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 New Zealand
69% 72%
41%48%
The outlook for hiring and firing in Australia is mixed.
Current and predicted hiring levels are amongst the
highest in the world and considerably above the
international average, but this is set against a headcount
reduction level of 41%.
67%
98%
67%
83%
Much like neighbouring Australia, the picture for New
Zealands professional job market is mixed. A current
hiring level of 67% puts it amongst the leading nations,
and predictions for this to hit 98% are hugely positive, but
this is set against a headcount reduction rate of 67% and
predictions for further cuts.
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Antal Global Snapshot | Edition 6 - June 2010
THE ANTAL INTERNATIONAL GLOBAL SNAPSHOTTHE CURRENT PICTURE
Winners and Losers Regions
In a continuing demonstration of the shifting balance of
economic power in recent years, the region with the
highest current level of recruitment activity at
managerial and professional level was the Asia-Pacific
area at 65%. However the continuing recovery of the
US economy meant that the Americas region was not
far behind at 64%. In sharp contrast, Western Europe
scored a relatively poor 45%.
Winners and Losers Sectors
Across the globe the sectors with the highest current
levels of recruitment at professional and managerial
level were:
1) Banking2) Engineering3) FMCG4) IT software5) Manufacturing
The lowest were shipbuilding, music and entertainment
and airlines.
Global Snapshot The Worldwide Picture
Are you currently hiring at managerial/professional level? 54%
Are you currently letting people go at managerial/professional level? 22%
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Antal Global Snapshot | Edition 6 - June 2010
THE ANTAL INTERNATIONAL GLOBAL SNAPSHOTTHE OUTLOOK
Winners and losers Regions
Forecasts for the next quarter suggest that the Asia
Pacific region will continue to offer the best prospects for
managers and professionals with 73% of organisationsplanning to recruit at this level. Prospects in the
Americas are set to improve with 66% of companies
intending to add to headcount, whilst the situation in
Western Europe is also looking more positive with 51%
of businesses preparing to hire.
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%
OUTLOOK:
Expecting to hire in
the next quarter
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THE ANTAL INTERNATIONAL GLOBAL SNAPSHOT
Conclusion
Not an approaching train
Cynics often tell us that the light we can see at the end of a tunnel is actually the headlamps of an approaching train.
Fortunately this does not seem to be the case in terms of the global professional jobs market.
The signs of recovery that we detected in the Global Snapshots produced in September 2009 and January 2010 have
been repeated in this edition. Across the world the level of hiring at managerial and professional level has risen slightly
since the beginning of the year from 53% to 54% and looks set to rise again over the next quarter to 58%. At the same
time the percentage of organisations shedding staff in the magnificent middle has dropped from 28% in January to
just 22% now. And if anyone ever doubted the underlying robustness of the global financial services community theyshould look no further than this edition of Global Snapshot. After a painful period of large scale redundancies and
recruitment freezes, the banking sector is once again the most active hirer of talent around the world.
Of course no recovery is ever simultaneous and universal. A number of countries in both Western and Eastern Europe
have seen a drop in hiring levels, as has Nigeria and Africas largest economy, South Africa despite the economic
optimism generated by the looming World Cup.
In the last two editions of Global Snapshot we have hesitated to suggest that a genuine and sustained recovery is
underway, wary of the fact that more unpleasant surprises might still be announced by the banking community.
However the fact that this industry now tops the list of the worlds most active sectors gives us the confidence to
predict that a double dip recession is now unlikely to take place. As a result the nascent war for talent that has alreadybroken out is likely to become fiercer over the next few months, as the most prescient businesses snap up the people
who will enable them to secure best advantage in improving markets.
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 Vincenzo Trabacca at [email protected] or your local Antal office see www.antal.com
for more details.
Vincenzo Trabacca
Antal International Italy Ltd
Via Santa Maria Segreta 6
20123 Milan, Italy
Tel: +39 02 80 60 60 1
Fax: +39 02 80 50 20 10
Email: [email protected]
www.antal.comwww.snapshot.antal.com