By Daniel Hunter
A regular international survey of almost 17,000 organisations in over 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 16,832 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.
Hiring levels across the globe continue to fall steadily with 47% of respondents recruiting at professional and managerial level in comparison to 51% in the last survey in August and 55% April 2012. 46% of organisations questioned intended to hire in the coming quarter.
However, the overall rate of attrition has dropped from 18% in August to 16% now and this is expected to remain unchanged over the next three months.
The highest levels of hiring were found in Denmark (64%) and Finland (62%), while the lowest were recorded in Spain where only 31% of companies questioned were in the process of recruiting at professional or managerial level. The UK job market has remained relatively stable over the past quarter with 46% of employers hiring at managerial and professional level and 45% of businesses planning on recruiting for senior roles in the early months of 2013.
The proportion of British companies currently firing stands at 30%, which is in line with neighbouring countries and 1% lower than expected. Greece’s employment market is showing strong signs of improvement despite the country’s uncertain economic climate. Hiring levels have risen significantly in recent months with 50% of companies now recruiting at managerial and professional level compared to the 33% reported in the last edition of the Snapshot.
Central and Eastern Europe and Eurasia
The highest levels of recruitment in this region were found in Turkey (66%), Israel (65%) and Russia (63%). The lowest was recorded in Croatia, but this is still in line with the national average at 47%.
Employment markets remain relatively strong across the region, the weakest, in UAE, registering a respectable 49% hiring rate, down from 54% in August. The highest levels of recruitment were found in Qatar (62%).
Recruitment markets in Africa are booming. Although hiring levels in South Africa remain respectable with 47% of companies recruiting at managerial and professional level, emerging economies such as Botswana (82%) and Nigeria (70%) are performing particularly well — and these high levels of recruitment activity are expected to continue next quarter.
The Philippines recorded the highest level of recruitment activity in the region with 71% of organisations currently hiring. Activity in China has contracted from 72% to 59% since the last survey in August 2012. In India the percentage of organisations increasing headcount had also fallen - from 62% to 40%.
The United States and Canada both registered 52% of businesses currently seeking staff. In Latin America the most buoyant hiring market was in Chile where a more modest 47% of businesses were hiring at professional and managerial level.
“The results of the latest Snapshot indicate greater stability throughout the international staffing sector,” says Antal’s CEO, Tony Goodwin. “Feedback from our clients across the globe suggests that many are under pressure to do more with fewer resources, particularly human ones.
"Despite a consistent decline in the percentage of companies hiring, a steady fall in the percentage of organisations shedding staff - down from 20% in April to 18% in August and just 16% in December - infers that workforces are stabilising and offering more in the way of long-term security to employees.”
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