By Claire West
A regular global survey of hiring and firing trends covering more than 9600 organisations in 55 countries has found job prospects for professionals and managers continuing to improve.
The ‘Global Snapshot’ project from the international recruitment firm, Antal, asked 9672 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 across the globe was up from 53% of respondents at the beginning of the year to 54% now. And the percentage of organisations intending to hire in the coming quarter was up from 55% to 58%. The percentage of organisations intending to shed staff had fallen slightly from 28% in the autumn to 22% now. However the general consensus was that this figure would drop to 25% over the coming quarter.
The highest current hiring levels amongst the larger economies were in the UK (60%), France (53%), and Germany (41%). However many of the smaller countries bettered their larger neighbours, namely Belgium (66%), Netherlands (63%) and Switzerland (60%).The lowest levels of hiring were in Luxembourg at 29% and Malta at just 6%. More countries in Western Europe had experienced a drop in hiring levels than in any other geographic region.
Eastern Europe and Eurasia
The highest recruiting levels in this region were in Russia, (66%), the Czech Republic (61%), Romania (50%), Poland (47%) and Bulgaria (47%).
Hungary’s well-documented economic problems meant that it had the lowest level of hiring in the region with only 19% of businesses questioned actively seeking new managers or professionals.
Africa and the Middle East
Saudi Arabia registered the highest level of recruitment at professional and managerial level (74%). However the UAE appeared to have staged something of a recovery with hiring up from 51% at the beginning of the year to 62% now. In Africa the highest level of recruitment was registered in Egypt (75%). Hiring in Nigeria has dropped to 52% from 79% at the beginning of the year and in South Africa from 49% to 39%.
Hiring levels have risen very slightly in China from 71% recorded in January to 72% now, and employers appear to be confident about recruitment plans for the coming quarter with 73% of businesses planning to increase headcount. The percentage of organisations shedding staff at professional and managerial level has dropped markedly from 25% to just 17%. In India hiring levels have risen from 71% to 73% and look set to jump to 77% in the coming quarter. The percentage or organisations shedding staff has also dropped from 16% in January to just 11% now.
Global Snapshot’s 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. Snapshot 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 the percentage of businesses shedding staff is also up from just 29% at the beginning of the year to 37% in May. 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.
Winners and losers
Across the globe the sectors with the highest levels of recruitment at professional and managerial level were:
The lowest were shipbuilding, music and entertainment and airlines.
“Although some countries, particularly in Western Europe, are still seeing a decline in the employment market, the global picture has definitely improved once again,” says Antal’s CEO, Tony Goodwin. “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 world’s 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 already broken 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.”