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ANTAL GLOBALSNAPSHOTA survey of hiring and firing trends in keyemployment markets around the world.
Edition 11 - April 2012snapshot.antal.com
Antal Global Snapshot | Edition 11 - April 2012
www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
Contents
Introduction Introduction - Page 1 Local Picture Western Europe Austria, Belgium, Denmark & Finland - Page 2 France, Germany, Greece & Ireland - Page 3 Italy, Luxembourg, Malta & Netherlands - Page 4 Norway, Portugal, Spain & Sweden - Page 5 Switzerland & United Kingdom - Page 6 Eastern Europe & Eurasia Bulgaria, Croatia, Czech Republic & Hungary - Page 7 Poland, Romania, Russia & Turkey - Page 8 Israel - Page 9 Middle East Bahrain, Kuwait, Oman & Qatar - Page 10 Saudi Arabia & United Arab Emirates - Page 11 Africa Algeria, Angola, Egypt & Ghana - Page 12 Nigeria & South Africa - Page 13 Asia Pacific Australia, China, India & Japan - Page 14 Malaysia, New Zealand, Philippines & Singapore - Page 15 South Korea, Taiwan & Vietnam - Page 16 The Americas Argentina, Brazil, Canada & Chile - Page 17 Mexico & United States of America - Page 18 Key Sectors
Western Europe
Western Europe Overview - Page 19 France - Page 20 Germany - Page 21 & 22 Italy - Page 23 & 24 Netherlands - Page 25 & 26 Spain - Page 27 & 28 United Kingdom - Page 29 & 30
Key Sectors Continued… Eastern Europe & Eurasia Eastern Europe & Eurasia Overview - Page 31 Poland - Page 32 & 33 Romania - Page 34 & 35 Middle East Middle East Overview - Page 36 United Arab Emirates - Page 37 Africa Africa Overview - Page 38 South Africa - Page 39 & 40 Asia Pacific Asia Pacific Overview - Page 41 China - Page 42 & 43 India - Page 44 Philippines - Page 45 Singapore - Page 46 & 47 The Americas The Americas Overview - Page 48 Disciplines and Functions Western Europe - Page 49 Eastern Europe & Eurasia - Page 50 Middle East - Page 51 Africa - Page 52 Asia Pacific - Page 53 The Americas - Page 54 Conclusions Winners & Losers – Page 55 & 56 Conclusion - Page 57
Antal Global Snapshot | Edition 11 – April 2012 Page 1
www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
Introduction The 'Antal Global Snapshot' is a regular survey of hiring (and firing) trends in some of the world's most important employment markets and in those likely to join this group over the coming decade. This eleventh report in the series is based upon material sourced from more than 17,000 businesses in commerce, industry and the financial services sector in 56 key countries on five continents. We hope that you find it both interesting and useful. Chairman and CEO Antal International
About Antal International Founded 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 over 100 offices in more than 30 countries and works with many of the world's most successful and ambitious employers.
Methodology This edition of the 'Antal Global Snapshot' is based upon survey forms and telephone interviews completed by line and HR Managers in 17199 companies, professional partnerships and financial institutions across 56 countries in February and March 2012. 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.
Antal Global Snapshot | Edition 11 – April 2012 Page 2
www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 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
Denmark
43% 40% 35% 34%
As December’s Snapshot predicted, Austrian hiring levels have remained above 40% this quarter. The number of companies currently recruiting new staff stands at 43% and is set to remain quite stable over the next few months. Austrian firing levels have also increased this quarter; rising from 19% to 35%. This however, is most likely a result of the significant recruitment boom within Austrian companies seen in the latter half of 2011.
46% 43%
28% 32%
51% 47% 35%
42%
Those seeking managerial positions in Denmark this quarter have not seen the expected boom of employment, as predicted by December’s Snapshot. Hiring levels have remained relatively consistent though, falling just 2% from 53% to 51%. Over the following few months, the percentage of companies recruiting is expected to fall a little further to 47%. This figure, however, is greater than hiring levels currently present within some of Denmark’s neighbouring countries. On the other hand, firing levels have also dropped slightly this quarter to 35%, indicating more of those already in employment are keeping their jobs.
49% 45% 39%
31%
Finland
Recruitment of managerial and professional staff in Belgium has fallen quite substantially this quarter from 60% to 46%. This is set to level out over the coming months, however, and remain at 43%. Belgium’s firing levels have been more stable during the first quarter of 2012 and currently stand at 28%. This figure is expected to rise very modestly to 32% but still remain lower than the high of 37% seen this time last year.
As predicted, hiring levels in Finland have fallen this quarter, while the number of businesses looking to shed staff has risen. This has happened to a greater extent than expected; particularly in terms of the percentage of companies recruiting new staff. According to this quarter’s Snapshot, hiring rates in Finland now stand at 49% rather than the predicted 57%. The next quarter is looking more positive, however, with hiring levels remaining relatively consistent at 45% and Finland’s firing levels dropping from 39% to 31%.
Antal Global Snapshot | Edition 11 - April 2012 Page 3
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THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the key markets surveyed.
Western Europe Continued...stern 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?
France Germany
Greece
36% 39% 30% 32%
The number of French companies looking to recruit at a managerial and professional level has dropped quite significantly in the early months of 2012. At present, 36% of businesses in France are hiring new staff. Over the next few months, things are expected to take a turn for the better, however. Hiring levels are predicted to be 39% next quarter, indicating a modest yet noteworthy rise and an increase in stability within the French job market. Firing levels for the present quarter and those predicted for the next have remained somewhat more stable, with 30% of French businesses currently letting staff go and 32% looking to do so in the near future.
32% 22%
8% 7%
42% 47% 45% 47%
Following a somewhat surprisingly high degree of recruitment last quarter, given Greece’s current economic instability, hiring levels in Greece have fallen in the start of 2012. At present, 42% of Greek businesses are taking on new staff at a managerial and professional level; 18% less than in December. The percentage of companies letting people go has also risen from 38% to 45%, perhaps quite understandably. The good news, however, for Greece is that over the next three months hiring levels are once again set to take a positive turn, with 47% of Greek corporations looking to recruit new staff.
43% 42% 35% 38%
Despite the present unrest concerning the Euro in Western Europe, Germany’s job market has once again remained stable this quarter. Recruitment figures have not fallen to 25% as predicted in December’s Snapshot, but remain at 32%. The percentage of German companies letting staff go this quarter also stands at a consistently low rate of 8% and just 7% of businesses are currently looking to shed staff at a managerial / professional position over the next three months.
Similar to much of Western Europe, the percentage of Irish companies undergoing recruitment has fallen this quarter. 43% of businesses are currently hiring at a managerial / professional level, while 42% will be looking to do so over the next quarter. Firing rates have remained more stable though, rising just 3% over the last three months. This is particularly pleasing given that Ireland had one of the highest levels of recruitment in the last Snapshot, indicating many of the managerial staff hired in Q4 2011 are keeping their jobs.
Ireland
Antal Global Snapshot | Edition 11 - April 2012 Page 4
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THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the key markets surveyed.
Western Europe Continued...stern 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?
Italy Luxembourg
Malta
39% 41%
15% 16%
Despite much fluctuation for some of its neighbouring countries, Italy’s employment market has stayed relatively steady this quarter. Hiring levels have dropped slightly from 42% to 39% and the number of Italian companies letting staff go has risen a little to 15%. It should be noted however, that this current level of job loss is one of the lowest in Western Europe and is predicted to remain so for the coming quarter. This infers a good amount of job stability for those already working in Italy.
50% 48%
23% 27%
53% 42%
58% 53%
Hiring levels have dropped quite substantially in Malta this quarter to 53%. This, however, does follow an impressive 82% of businesses hiring staff in the months leading up to December - the highest for Western Europe. Understandably, the number of companies shedding staff has also risen rather significantly from 27% to 58% during this time. Firing levels, however, are set to take a downward turn during the coming quarter, falling from 58% to 53%.
40% 50%
20% 19%
After a significant boom in hiring activity at the end of 2012, the percentage of companies in Luxembourg currently taking on new staff has gone back down to 50%. This is expected to decrease slightly over the next three months to 48% but remain more or less stable. Firing levels in Luxembourg have also decreased quite dramatically this quarter, from 41% to 23%, and are set to remain in the twenties for the coming months. This indicates more employees hired in the boom are keeping their jobs.
Things are looking positive for the Netherlands’ job market this quarter. Hiring levels have steadied at 40% and are set to rise to 50% over the next few months - 1% higher than July last year. Though only a 1% decrease in job loss was predicted, the number of companies letting staff go has also fallen considerably this quarter from 38% to just 20%. This value is expected to go down further to 19% over the next three months, signalling a fair amount of growth for the Dutch employment market.
Netherlands
Antal Global Snapshot | Edition 11 - April 2012 Page 5
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THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the key markets surveyed.
Western Europe Continued...stern 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?
Norway Portugal
Spain
48% 45%
29% 32%
Following quite significant activity within the Norwegian job market last quarter, hiring levels have fallen for the start of 2012. At present, 48% of companies are employing managerial / professional staff and 45% are expecting to do so over the next few months. Job loss activity has also decreased, though not quite as much as predicted. The percentage of Norwegian businesses currently cutting staff has fallen from 35% to 29%. The next quarter is set to see a slight increase in this figure but Norwegian jobs will still remain more stable than six months ago.
35% 37% 36% 39%
29% 25% 26% 26%
Recruitment rates in Spain have recovered slightly this quarter to 29%, after falling by 8% in December. On the other side, the percentage of companies shedding employees has also increased from 18% to 26% over the last few months. This is understandable, however, given the sudden dip in job cuts in last quarter’s Snapshot and is equivalent to those present before the slump. Firing levels are set to remain stable for the near future, inferring an increase in stability for the Spanish employment market over the coming months.
After a somewhat inconsistent year, hiring rates in Portugal have settled around those seen this time last year. At present, 35% of companies are recruiting new staff and 37% are looking to do so over the coming quarter. Job losses have also increased from 23% to 36% in the first part of 2012, indicating a higher level of turnover in the Portuguese employment market. This does follow a significant drop in the number of companies letting staff go, however, and resembles more the activity seen in March last year when Portugal’s employment activity was more steady.
Sweden
46% 50%
30% 32%
Similar to many of the other higher flyers seen last quarter within Western Europe, hiring levels in Sweden have gone down quite dramatically over the last three months. The percentage of Swedish companies taking on new staff has fallen from 68% to 46%. This is expected to improve, however, over the coming quarter and rise to a respectable 50%. The rate of job cuts will remain more stable during this period, varying just 2% from 28% to 30%. This is reassuring, despite a fall in recruitment activity, as it indicates that those hired during the boom are retaining their positions.
Antal Global Snapshot | Edition 11 - April 2012 Page 6
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THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the key markets surveyed.
Western Europe Continued...stern 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?
Switzerland
United Kingdom
31% 23%
12% 11%
Following an unexpected rise in employment last quarter, the percentage of businesses in Switzerland taking on new staff has fallen to 31% during the start of 2012. This is set to decrease to 23% over the few coming months. On a positive note, however, job loss rates are at a consistently low level for Western Europe - standing at just 12%. This lack of turnover in Switzerland’s employment market is expected to continue for the next quarter, offering a high degree of job security for those employed by Swiss companies.
45% 45%
28% 30%
The level of recruitment activity in the United Kingdom has remained more stable this quarter, after taking a quite significant dip in the lead up to December. Currently, 45% of companies in the United Kingdom are recruiting at a managerial and professional level and the same will be looking to do so over the next few months. The number of businesses shedding staff this quarter has increased slightly from 24% to 28%. This figure, however, is still lower than that seen six months ago. As the year progresses, the United Kingdom can look forward to a notably stable employment market, despite the current unrest other countries in the European Union may be experiencing with the Euro.
Antal Global Snapshot | Edition 11 - April 2012 Page 7
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THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the key markets surveyed.
Eastern Europe & Eurasia 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?
Bulgaria
Croatia
Czech Republic
62% 53%
37% 37%
The start of 2012 has seen a new high in terms of hiring activity for Bulgarian businesses. Recruitment of managerial / professional staff has increased by an impressive 14% from 48% to 62% this quarter, indicating a positive outlook for those seeking employment in this country. On the other side, the percentage of Bulgarian companies currently letting staff go has also increased to 37%, but to a lesser extent than that seen for recruitment. Though 37% indicates a relatively high staff turnover at present; this figure is predicted to remain stable over the next few months, putting an end to the upward trend in Bulgarian job losses over the past six months.
43% 41% 27%
19%
47% 44%
28% 25%
After a sudden boom in employment registered in last quarter’s Snapshot, hiring levels in the Czech Republic have returned to 47% over the last three months. The percentage of companies letting staff go has also risen during this time from 23% to 28%, though to a far less extent than recruitment levels have dropped. This represents a positive outlook for those in employment, as businesses in the Czech Republic have clearly retained much of the workforce hired during December’s boom. Job cuts are set to fall again over the next quarter to 25%, offering further stability for employees within the Czech Republic.
38% 36% 26% 30%
Hungary
Current hiring activity in Croatia has taken a positive turn this quarter, rising from 38% to 43%. Over the next few months, the percentage of Croatian companies recruiting is expected to diminish slightly but will remain above 40%. In terms of job cuts, the number of companies shedding staff in Croatia has risen quite dramatically over the last three months from just 13% to 27%, indicating a high level of turnover within the Croatian job market. The coming quarter should see this unexpected increase in activity end, however, with firing levels dropping down again to 19%.
There is good news for Hungary in this quarter’s Snapshot, as hiring levels have remained consistent at 38% - despite being predicted to fall considerably to just 27%. The number of companies looking to recruit at a managerial / professional level is set to decrease slightly over the coming three months but only by a further 2%. On the other side, the percentage of Hungarian businesses shedding employees has also fallen slightly from 29% to 26%, indicating more staff with managerial positions are keeping their jobs.
Antal Global Snapshot | Edition 11 - April 2012 Page 8
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THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 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
58% 52%
16% 15%
Despite once again being predicted to fall, recruitment rates in Poland have remained consistent at a respectable 58% this quarter. This Snapshot suggests that this will drop to 52% over the next three months, but only time will tell if this is case. Firing levels in Poland have also stayed attractively low during the first quarter of 2012. At present, just 16% of Polish companies are downsizing their workforce and only 15% are planning to do so over the next three months.
49% 48%
27% 28%
58% 56%
31% 27%
The level of hiring activity in Russia has fallen this quarter from 67% to 58%. Despite this, Russia still boasts higher employment rates than any of those present across Europe at this time. The percentage of companies looking to take on new managerial and professional staff over the next few months is also expected to remain in the fifties - decreasing by just 2% to 56%. On the other side, the level of Russian jobs being cut continues to drop in this quarter’s snapshot to 31%. The number of businesses looking to shed staff in the near future is set to continue in this downward trend, representing an ongoing, positive outlook for those in Russian employment.
41% 45% 52%
43%
Turkey
The percentage of Romanian businesses currently hiring new staff has fallen this quarter from 57% to 49%. This is set to stabilise over the coming three months, however, changing by just 1% to 48%. The level of job cuts has also stayed relatively consistent for March’s Snapshot. At present the number of Romanian companies shedding managerial / professional staff stands at 27% - only 1% up on December’s figures. Next quarter, job loss figures will also increase by 1%, indicating the Romanian employment market is remarkably steady at this time.
After a six month boom of hiring activity in Turkey, recruitment levels have finally fallen again, as was predicted in December’s Snapshot. Somewhat surprisingly, though, this has been to a greater degree than expected, with the number of Turkish companies taking on new staff dropping from 74% to just 41%. Turkish job cut rates stand at 31% at present, increasing 3% over the last few months. Fortunately, however, this indicates that despite Turkish companies’ lack of expansion this quarter, most of the staff that were employed during the recruitment boom have remained secure in their jobs.
Russia
Antal Global Snapshot | Edition 11 - April 2012 Page 9
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THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 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?
Israel
51% 46% 43% 49%
In this quarter’s Snapshot, Israel’s employment market continues to be noticeably active, despite December’s edition predicting hiring levels were set to fall to 44%. Instead, the percentage of companies in Israel undergoing recruitment has remained in the fifties. This is set to drop below the half -way mark in the coming quarter- though whether this actually happens is yet to be seen. Israel’s firing rates have also grown over the last three months to 43%, but to a lesser extent than hiring has dropped. This indicates more managerial / professional employees are retaining their jobs.
Antal Global Snapshot | Edition 11 - April 2012 Page 10
www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the key markets surveyed.
Middle East 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?
Bahrain
Kuwait
53% 55% 47% 47%
Bahrain’s recruitment levels have stayed fairly steady over the last few months. The percentage of companies hiring staff lies at 53% at present - 1% more than in December’s Snapshot. This modest, yet positive trend for employment has been predicted to continue for the coming quarter, with 55% of Bahrain’s companies looking to hire at a managerial level over the next three months. In terms of job loss rates in Bahrain this quarter, the number of businesses shedding staff, or looking to do so soon, has increased quite markedly as expected - from 35% to 47%. This should level out as the year progresses, however, and remain at a high but steady 47%.
60% 49%
32% 32%
74% 69%
12% 17%
Despite December’s prediction that Oman’s recruitment activity would fall this quarter, the percentage of companies hiring at a managerial / professional level has increased by 4% to 74% - one of the highest for the region. Job losses have also plummeted in this time from 26% to just 12%, indicating a high degree of employment stability for those working in Oman. Over the next few months, the number of businesses looking to shed managerial staff is expected to grow somewhat to 17%, but this will still leave Oman with the lowest rates for job loss in the region.
77% 65%
22% 25%
Qatar
At 60%, the percentage of companies hiring at a managerial / professional level in Kuwait has risen by 7% this quarter - 1% more than predicted three months ago. On the other side, the level of job losses has also increased during this time by 3% to 32% and is set to remain the same for the coming quarter. Since this rise in firing activity stands below that for recruitment, however, it seems Kuwait’s job market has expanded in 2012. The number of companies hiring new staff within the next few months is expected to decrease to 49%, but whether this occurs is yet to be confirmed.
This March, Qatar again boasts the highest rates of employment for the region and the second highest in the world. The number of companies recruiting new staff has remained at 77% over the last six months, in line with the country’s ‘2030 Vision.’ Hiring levels are expected to fall over the coming quarter but remain at a respectable 65%. Firing rates have been less stable since December - rising from just 14% to 22%. This trend is set to continue for the near future, but to a lesser extent with job cuts reaching 25%.
Oman
Antal Global Snapshot | Edition 11 - April 2012 Page 11
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THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the key markets surveyed.
Middle East 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?
Saudi Arabia United Arab Emirates
57% 64%
19% 22%
Following a significant recruitment boom, hiring activity in
Saudi Arabia has dropped quite considerably this quarter
from 73% to 57%. Things are expected to take a turn for the
better over the coming few months, however, with the
percentage of companies hiring rising again to a respectable
64%. On the other side of the job market, firing activity has
increased as expected from a record low of 10% to 19%.
Given the current drop in recruitment activity in Saudi Arabia
though, this modest increase indicates many of the staff hired
in the boom are retaining their positions and the Saudi
Arabian job market is rightsizing.
49% 54%
14% 14%
Hiring activity in the United Arab Emirates has fallen by 13%
this quarter. Yet at 49%, this figure still remains higher than
this time last year. The employment market is also set to
recover over the coming months, with recruitment rates
growing to 54%. In terms of job loss rates, the percentage of
businesses in the United Arab Emirates downsizing staff
numbers has stayed at one of the lowest for the region-just
14%. The coming few months will see firing activity remain at
this consistently low value, signalling a good degree of job
stability for this country.
Antal Global Snapshot | Edition 11 - April 2012 Page 12
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THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the key markets surveyed.
Africa 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?
Algeria Angola
45% 40% 49%
43%
The percentage of Algerian companies hiring managerial and professional staff is quite low in relation to its fellow African countries. At present, Algerian recruitment rates stand at 45% and are expected to lower modestly to 40% over the next three months. At 49%, the level of job cuts is also relatively high within the Algerian job market compared to some of the surrounding areas. Things are set to improve for the coming quarter, however, with the number of Algerian businesses looking to shed employees taking a downward turn towards 43%.
49% 42% 41% 46%
54% 56%
23% 24%
In spite of the ongoing political unrest, the Egyptian job market is faring relatively well. The percentage of companies hiring at a managerial and professional level has fallen from December’s high of 64% to 55% this quarter. However, the rate of job cuts has also dropped to a greater extent from 34% to 23%, indicating more employees are keeping their jobs. The next few months should bring continued stability for the Egyptian employment market as well with both hiring and firing levels varying by just 1% - a notable achievement given the current political instability of this country.
55% 55% 41% 45%
Ghana
With hiring rates currently standing at 49%, Angola’s job market is not as active as some of the neighbouring countries. Over the next few months, this figure will fall slightly but remain above 40%. On the other side of Angola’s employment market, there is a relatively high degree of turnover occurring at present. 41% of companies are looking to cut managerial / professional positions this quarter and 46% are predicting they will do so over the next three months. Whether this occurs in practice, however, is yet to be confirmed.
Hiring activity in Ghana has increased by 9% for this quarter’s Snapshot to 55%. This value is set to remain steady for the next few months, after a year of somewhat dramatic fluctuations. The percentage of Ghana’s businesses shedding staff at the start of 2012 has risen to a higher degree than expected - from 23% to 41%, indicating a high level of turnover within Ghana’s job market. Over the coming quarter job cuts have been predicted to increase further, but to a more modest extent than for this March’s Snapshot.
Egypt
Antal Global Snapshot | Edition 11 - April 2012 Page 13
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THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 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?
Nigeria
South Africa
44% 56%
32% 40%
After the significant recruitment boom in Nigeria back in December, the percentage of companies hiring new staff has fallen quite substantially from 73% to 44%. The next quarter should see Nigeria’s job market recover well, however, with 56% of businesses expecting to recruit during the next three months - one of the highest rates for Africa. As predicted, job losses in Nigeria have gone up from 27% to 32% over this quarter and are expected to reach 40% in the near future. Nevertheless, recruitment does remain the more active field, indicating more Nigerian employees are keeping their jobs after the boom.
53% 59%
19% 15%
Though the level of South African companies recruiting new staff has reduced by 15% this quarter to 53%, firing rates for this country are the lowest for Africa - at 19%. The following three months are expected to bring more good news with both hiring rates increasing to 59% and firing rates falling in parallel to a modest 15%. This indicates the South African employment market is set to grow as the year progresses.
Antal Global Snapshot | Edition 11 - April 2012 Page 14
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THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the key markets surveyed.
Asia Pacific 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?
Australia China
India
55% 54% 41% 38%
Australia’s recruitment activity has fallen by 18% this quarter to 55% - a value better reflecting that predicted back in the Snapshot of July 2011. This figure is set to level out over the coming three months, however, with 54% of Australian companies looking to take on staff in the near future. On the other side of the employment market, job cuts in Australia have increased for the start of 2012 from 31% to 41%. The good news, though, is that for this next quarter the percentage of companies looking to shed employees should take a downward turn and fall to 38%.
72% 71%
24% 26%
55% 57%
24% 38%
After an impressive year of recruitment activity, Indian hiring levels have fallen to 55% for the start of 2012. This brief lull will not continue, however, with the level of Indian businesses taking on new staff rising again to 57% next quarter. The percentage of companies letting staff go currently stands at 24% - 3% higher than in December but still lower than some in the region. Predictions have been made in this quarter’s Snapshot that over the next few months job cuts will rise to 38%, but whether this relatively large jump actually occurs is yet to be seen.
56% 58%
36% 44%
Japan
In line with the country’s BRICS status, the percentage of Chinese companies hiring at a managerial / professional level has increased this quarter. Current hiring rates stand at 72% and will remain in the seventies over the next few months. The number of Chinese businesses downsizing staff numbers has also increased for this quarter’s report - rising from 17% to 24%. This indicates a growing degree of turnover within the Chinese job market for the immediate future - though Chinese firing rates will still be lower than most in the region.
The Japanese employment market has taken a bit of a hit this quarter - understandable given the recent natural disasters impacting this country. The percentage of Japanese companies hiring new staff at present has fallen from an impressive 75% to 56%, in a similar fashion to a number of other countries in the region. On a brighter note, hiring activity will start to recover over the next few months - rising to 58%. Job cut rates have grown this quarter to 36%, with a further 8% increase expected in the coming months. This is, however, reasonable considering the consequences of the recent earthquake and tsunami.
Antal Global Snapshot | Edition 11 - April 2012 Page 15
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THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the key markets surveyed.
Asia Pacific 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 New Zealand
Philippines
44% 42% 32% 33%
After a modest, yet notable rise in recruitment activity for December, Malaysian hiring rates have returned to the mid forties, last seen in the March 2011 Snapshot. The number of companies taking on new managerial and professional staff currently stands at 44% - 11% down on December’s total. Firing rates have also seen quite a considerable rise during this time, from just 11% to 32%. Over the following three months however, things should be steadier for the Malaysian job market with hiring and firing rates varying just 2% and 1% respectively.
53% 61%
36% 44%
97% 97%
5% 4%
At the start of 2012, the Philippines continues to boast the world’s highest levels of recruitment. This quarter, a remarkable 97% of companies are hiring at a managerial / professional level - a figure well above any other country surveyed. The firing rates for the Philippines are also the most appealing across the globe, with just 5% of businesses currently shedding employees and 4% looking to do so in the near future. As this year progresses, the job market in the Philippines should continue to remain exceptionally stable.
39% 40%
23% 21%
Singapore
Managerial and professional staff looking for employment in New Zealand will not have seen the predicted 11% rise in recruitment made in December’s Snapshot. Hiring activity has remained relatively stable, though, with a slight decrease of 3% to 53%. The following few months should see the promised growth in recruitment rates, with the number of companies taking on new staff rising to 61%. On the other side of the employment market, the percentage of New Zealand’s companies reducing staff headcount has gone up over the past few months to 36% - much like its neighbour Australia. Whether the further 8% increase in job losses predicted in this quarter’s Snapshot actually happens, though, is yet to be confirmed.
Hiring rates in Singapore have fallen slightly since December from 44% to 39%. Recruitment activity for this country, however, remains higher than it was in either March or July last year - 35% and 29% respectively. The percentage of companies letting staff go has risen quite notably from 12% to 23% this quarter. The good news is that the coming quarter should see these job loss rates start to lower again, indicating a rightsizing of the job market in Singapore.
Antal Global Snapshot | Edition 11 - April 2012 Page 16
www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the key markets surveyed.
Asia Pacific 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?
South Korea Taiwan
Vietnam
56% 50%
19% 29%
At 56%, the hiring rates in South Korea are slightly higher than many countries in the region. This figure is set to drop modestly over the next few months, but half of the South Korean businesses surveyed will continue to recruit at a managerial and professional level during this time. The present situation looks good for South Korean’s job market in terms of firing rates, with 19% of companies currently shedding staff - one of the lowest in the Far East. As the year progresses, job losses are predicted to rise by 10%, but the situation for South Korea will remain better than for some of its neighbours.
68% 62%
34% 48%
53% 59%
35% 35%
The Vietnamese employment market has been more active for the start of 2012. Both hiring and firing rates have increased over the last few months, indicating a lot more turnover in this country’s job market. The number of Vietnamese companies currently hiring new staff has gone up by 3% to 53%, while the rate of job cuts has risen quite substantially from just 10% to 35%. The situation will improve modestly over the coming quarter, however, with hiring rates continuing to increase to 59% while firing activity remains steady.
Taiwan currently boasts the second highest recruitment rates for the Asia Pacific region. In this March’s Snapshot, 68% of companies are taking on new recruits and 62% still expecting to do so over the next few months. The percentage of Taiwan’s businesses cutting managerial / professional positions has been recorded at 34% this quarter- comparatively higher than some of the surrounding countries. The level of turnover in Taiwan’s job market has been predicted to jump quite substantially to 48% new quarter.
Antal Global Snapshot | Edition 11 - April 2012 Page 17
www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the key markets surveyed.
The Americas 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?
Argentina Brazil
Canada
44% 50%
43% 42%
In a similar fashion to the majority of the Americas, Argentina’s hiring activity has fallen this quarter from 65% to 44%. The next few months offer more positive prospects for Argentina’s job seekers though, as recruitment levels will start to recover again and hiring rates will go back up to 50%. There is currently a higher degree of turnover than expected within the Argentinean job market, as the percentage of businesses shedding staff has increased to a high of 43%. The Argentinean employment market will settle over the coming quarter, however, and the upward trend in job cuts over the past six months will end.
42% 48%
33% 33%
53% 55%
37% 39%
Despite a decrease in the percentage of companies taking on new recruits this March, Canada currently boasts the highest employment figures of the Americas - 53%. This is expected to remain the case as the year progresses, with Canadian recruitment rates increasing to 55%. Following December’s dip in firing activity, job losses have once again returned to 37%, but this is most likely due to the Canadian job market rightsizing after a jump in employment last quarter.
42% 53%
39% 39%
Chile
The past six months have seen Brazil’s recruitment levels steadily fall below the halfway mark. At present, 42% of Brazilian businesses are recruiting at a managerial and professional level. Fortunately, the coming quarter should see this negative trend finish and hiring rates will start increasing again to 48%. On the other side of the employment market, the number of Brazilian companies letting staff go, or looking to do so over the next three months, has increased once more from 26% to 33%. It should be noted, however, that this figure is still one of the lowest of any of the countries surveyed across the Americas.
In this quarter’s snapshot, Chile’s job market is once again characteristic of the Americas in general. Hiring levels have fallen from 60% to 42%, while job losses have gone up slightly to 39%. On a brighter note, however, the following few months should offer a better outlook for those seeking work in Chile. This quarter’s Snapshot predicts a respectable increase of 11% in hiring activity and a lack of movement around job loss figures for Chile. All these signs indicate that Chile’s job market is set to grow in the next three months.
Antal Global Snapshot | Edition 11 - April 2012 Page 18
www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 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?
Mexico United States of America
36% 41% 31%
37%
At 36%, there has been a quite significant drop in the level of Mexican companies taking on new staff this quarter. This dip will only be brief however, with hiring rates increasing once more over the coming three months. The percentage of companies reducing their staff headcount has risen slightly at the beginning of 2012. At 31%, though, Mexico currently holds the lowest rates for job cuts of any of the American countries surveyed. The following quarter is expected to result in firing activity rising modestly to 37%, but whether this occurs in reality is yet to be seen.
48% 49%
32% 35%
Hiring rates in the United States of America have remained relatively constant this quarter - falling just 3% to 48%. Job losses within the employment market have varied slightly more during this time, with 32% of companies letting staff go- 6% up on December’s figures. Overall, however, the job market in the United States of America has been the most stable of any of its neighbouring countries over the last three months. This stability is set to continue into the near future with recruitment rates fluctuating by just 1% and firing level varying by a modest 3%.
Antal Global Snapshot | Edition 11 - April 2012 Page 19
www.snapshot.antal.com
WESTERN EUROPE
Detailed examination of key markets
Western Europe - Key Sectors
Do you expect to hire at managerial/professional level over the coming quarter?
Do you expect to let people go at managerial/professional level over the coming quarter?
Accountancy
Agriculture
Automotive & Aerospace
Banking
Chemicals
Construction & Engineering
Consumer Goods
E-Commerce & Social Media
Education
Electronics
Energy - Oil & Gas
Energy - Renewables
Fashion
FMCG
Insurance
Legal
Leisure
Logistics
Luxury Goods
Manufacturing
Media
Medical
Mining
Packaging
Pharmaceuticals
Property
Public Sector (Governmental)
Retail
Security Services
Technology - Hardware
Technology - Software
Telecommunications
Utilities
47%
11%
37%
35%
24%
31%
25%
48%
30%
22%
41%
35%
42%
15%
50%
37%
45%
45%
24%
31%
25%
28%
42%
32%
25%
52%
44%
40%
33%
49%
45%
45%
32%
Accountancy
Agriculture
Automotive & Aerospace
Banking
Chemicals
Construction & Engineering
Consumer Goods
E-Commerce & Social Media
Education
Electronics
Energy - Oil & Gas
Energy - Renewables
Fashion
FMCG
Insurance
Legal
Leisure
Logistics
Luxury Goods
Manufacturing
Media
Medical
Mining
Packaging
Pharmaceuticals
Property
Public Sector (Governmental)
Retail
Security Services
Technology - Hardware
Technology - Software
Telecommunications
Utilities
13%
4%
13%
23%
15%
30%
15%
12%
45%
24%
35%
27%
12%
8%
12%
7%
20%
16%
9%
16%
22%
9%
34%
29%
15%
30%
36%
10%
33%
14%
15%
22%
32%
Expecting to Hire Expecting to Fire
Antal Global Snapshot | Edition 11 - April 2012 Page 20
www.snapshot.antal.com
WESTERN EUROPE
Detailed examination of key markets
Western Europe Key Sectors 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?
45%
45%
27%
27%
13%
25%
50%
75%
23%
32%
23%
23%
France Key Sectors
33%
22%
56%
56%
57%
29%
14%
57%
25%
38%
50%
25%
50%
56%
31%
31%
56%
67%
33%
33%
43%
40%
28%
36%
AUTOMOTIVE & AEROSPACE BANKING
CONSTRUCTION
& ENGINEERING
CHEMICALS
ENERGY - RENEWABLES
ENERGY - OIL & GAS
43%
43%
29%
43%
14%
14%
29%
29%
28%
52%
12%
16%
60%
80%
80%
40%
FMCG
LOGISTICS MANUFACTURING
MEDIA PHARMACEUTICALS
TELECOMMUNICATIONS
TECHNOLOGY - SOFTWARE
Antal Global Snapshot | Edition 11 - April 2012 Page 21
www.snapshot.antal.com
WESTERN EUROPE
Detailed examination of key markets
Western Europe Key Sectors 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?
19%
8%
4%
3%
50%
30%
30%
20%
47%
41%
8%
11%
47%
40%
27%
33%
ACCOUNTANCY AUTOMOTIVE & AEROSPACE BANKING
Germany Key Sectors
30%
28%
13%
13%
79%
63%
26%
11%
CONSTRUCTION
& ENGINEERING CHEMICALS
38%
24%
11%
19%
64%
36%
36%
43%
40%
50%
35%
25%
ELECTRONICS
E-COMMERCE &
SOCIAL MEDIA
47%
16%
9%
6%
20%
8%
4%
3%
80%
20%
0%
0%
ENERGY - RENEWABLES
ENERGY - OIL & GAS
FASHION
64%
45%
18%
27%
FMCG
INSURANCE
LEISURE
Antal Global Snapshot | Edition 11 - April 2012 Page 22
www.snapshot.antal.com
WESTERN EUROPE
Detailed examination of key markets
Western Europe Key Sectors 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?
71%
54%
8%
8%
48%
29%
9%
10%
29%
14%
24%
29%
LOGISTICS
Germany Key Sectors
39%
28%
7%
5%
23%
32%
18%
27%
42%
32%
26%
37%
MEDIA
26%
15%
3%
2%
100%
50%
15%
15%
75%
50%
10%
10%
PHARMACEUTICALS
MINING
50%
33%
0%
0%
52%
26%
20%
13%
54%
38%
54%
23%
MEDICAL PACKAGING
TECHNOLOGY - HARDWARE TELECOMMUNICATIONS TECHNOLOGY - SOFTWARE
PUBLIC SECTOR
(GOVERNMENTAL) PROPERTY
MANUFACTURING
Antal Global Snapshot | Edition 11 - April 2012 Page 23
www.snapshot.antal.com
WESTERN EUROPE
Detailed examination of key markets
Western Europe Key Sectors 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?
33%
50%
17%
0%
17%
50%
8%
8%
25%
28%
8%
11%
ACCOUNTANCY AGRICULTURE
Italy Key Sectors
29%
26%
13%
18%
30%
37%
24%
22%
36%
45%
39%
36%
CHEMICAL
S
58%
79%
11%
0%
30%
22%
15%
22%
52%
48%
26%
33%
23%
43%
18%
20%
60%
56%
13%
11%
52%
46%
21%
21%
ENERGY - RENEWABLES
ENERGY - OIL & GAS
CONSTRUCTION
& ENGINEERING
E-COMMERCE &
SOCIAL MEDIA
BANKING
AUTOMOTIVE & AEROSPACE
54%
59%
6%
8%
39%
48%
19%
16%
53%
53%
12%
12%
FMCG FASHION
ELECTRONICS
INSURANCE LOGISTICS LEISURE
Antal Global Snapshot | Edition 11 - April 2012 Page 24
www.snapshot.antal.com
WESTERN EUROPE
Detailed examination of key markets
Western Europe Key Sectors 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?
32%
29%
14%
17%
37%
43%
23%
17%
44%
33%
22%
33%
27%
59%
9%
0%
33%
33%
17%
21%
LUXURY GOODS MANUFACTURING
Italy Key Sectors
18%
21%
9%
9%
MEDIA
48%
34%
21%
17%
45%
55%
18%
18%
50%
75%
25%
25%
PHARMACEUTICALS
MINING
48%
52%
10%
12%
67%
33%
33%
33%
33%
17%
17%
17%
SECURITY SERVICES RETAIL
PROPERTY
PACKAGING MEDICAL
46%
56%
9%
10%
43%
50%
29%
29%
14%
14%
43%
43%
TECHNOLOGY - SOFTWARE TELECOMMUNICATIONS
TECHNOLOGY - HARDWARE
UTILITIES
PUBLIC SECTOR
(GOVERNMENTAL)
Antal Global Snapshot | Edition 11 - April 2012 Page 25
www.snapshot.antal.com
WESTERN EUROPE
Detailed examination of key markets
Western Europe Key Sectors 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?
33%
52%
24%
10%
47%
47%
20%
33%
38%
50%
14%
14%
Netherlands Key Sectors
35%
56%
32%
29%
75%
50%
50%
50%
48%
52%
21%
21%
50%
38%
38%
63%
78%
67%
33%
33%
29%
14%
57%
43%
46%
51%
24%
32%
17%
33%
0%
17%
67%
67%
33%
33%
ACCOUNTANCY AUTOMOTIVE & AEROSPACE
CHEMICAL
S
CONSTRUCTION
& ENGINEERING
BANKING
E-COMMERCE &
SOCIAL MEDIA
ELECTRONICS ENERGY - RENEWABLES ENERGY - OIL & GAS
FMCG INSURANCE LEISURE
Antal Global Snapshot | Edition 11 - April 2012 Page 26
www.snapshot.antal.com
WESTERN EUROPE
Detailed examination of key markets
Western Europe Key Sectors 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?
25%
50%
19%
25%
48%
43%
29%
48%
25%
50%
38%
13%
Netherlands Key Sectors
67%
67%
33%
33%
13%
13%
75%
75%
67%
33%
33%
67%
25%
25%
100%
100%
75%
50%
25%
25%
44%
56%
18%
13%
38%
51%
15%
14%
56%
60%
8%
4%
67%
67%
0%
33%
LOGISTICS MANUFACTURING
MINING
MEDICAL
PHARMACEUTICALS PROPERTY
PUBLIC SECTOR
(GOVERNMENTAL) RETAIL
TECHNOLOGY - SOFTWARE TELECOMMUNICATIONS
TECHNOLOGY - HARDWARE
UTILITIES
Antal Global Snapshot | Edition 11 - April 2012 Page 27
www.snapshot.antal.com
WESTERN EUROPE
Detailed examination of key markets
Western Europe Key Sectors 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?
35%
29%
18%
24%
50%
63%
13%
13%
29%
25%
17%
21%
Spain Key Sectors
9%
18%
36%
27%
28%
25%
23%
25%
22%
22%
45%
41%
33%
11%
28%
17%
30%
14%
16%
24%
20%
32%
26%
42%
22%
22%
39%
52%
63%
25%
38%
38%
40%
35%
38%
35%
38%
13%
38%
38%
28%
34%
9%
9%
40%
30%
40%
35%
LEGAL
ACCOUNTANCY AUTOMOTIVE & AEROSPACE AGRICULTURE
BANKING
CONSTRUCTION
& ENGINEERING CHEMICALS
E-COMMERCE &
SOCIAL MEDIA ELECTRONICS
ENERGY - RENEWABLES
ENERGY - OIL & GAS
FASHION FMCG
INSURANCE LEISURE
Antal Global Snapshot | Edition 11 - April 2012 Page 28
www.snapshot.antal.com
WESTERN EUROPE
Detailed examination of key markets
Western Europe Key Sectors 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?
42%
34%
21%
13%
28%
23%
21%
19%
33%
27%
20%
13%
Spain Key Sectors
21%
20%
13%
12%
11%
22%
28%
33%
41%
29%
47%
53%
67%
33%
0%
33%
71%
57%
71%
29%
29%
29%
21%
17%
27%
21%
21%
23%
41%
33%
41%
33%
16%
21%
42%
37%
LOGISTICS MANUFACTURING MEDIA
PHARMACEUTICALS MINING MEDICAL
RETAIL PUBLIC SECTOR
(GOVERNMENTAL) TECHNOLOGY - HARDWARE
TELECOMMUNICATIONS TECHNOLOGY - SOFTWARE UTILITIES
Antal Global Snapshot | Edition 11 - April 2012 Page 29
www.snapshot.antal.com
WESTERN EUROPE
Detailed examination of key markets
Western Europe Key Sectors 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?
57%
43%
0%
0%
50%
50%
21%
29%
46%
31%
46%
62%
United Kingdom Key Sectors
27%
27%
45%
45%
40%
20%
60%
40%
90%
90%
36%
15%
67%
67%
22%
33%
33%
33%
67%
67%
47%
47%
24%
35%
50%
50%
22%
23%
5%
50%
15%
15%
57%
71%
29%
43%
ACCOUNTANCY AUTOMOTIVE & AEROSPACE BANKING
CONSTRUCTION
& ENGINEERING CHEMICALS
E-COMMERCE &
SOCIAL MEDIA
ENERGY - RENEWABLES
ENERGY - OIL & GAS
FMCG
INSURANCE LEGAL
LEISURE
38%
50%
50%
38%
LOGISTICS
Antal Global Snapshot | Edition 11 - April 2012 Page 30
www.snapshot.antal.com
WESTERN EUROPE
Detailed examination of key markets
Western Europe Key Sectors 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?
47%
44%
22%
39%
22%
33%
22%
33%
57%
50%
36%
29%
United Kingdom Key Sectors
25%
25%
50%
75%
40%
60%
60%
60%
75%
75%
50%
50%
100%
50%
16%
15%
0%
25%
95%
95%
50%
50%
100%
50%
31%
38%
11%
15%
48%
52%
9%
4%
55%
45%
45%
9%
TELECOMMUNICATIONS TECHNOLOGY - HARDWARE TECHNOLOGY - SOFTWARE
RETAIL PUBLIC SECTOR
(GOVERNMENTAL) PROPERTY
PHARMACEUTICALS MINING PACKAGING
MEDICAL MEDIA MANUFACTURING
Antal Global Snapshot | Edition 11 - April 2012 Page 31
www.snapshot.antal.com
EASTERN EUROPE
Detailed examination of key markets
Eastern Europe & Eurasia - Key Sectors
Do you expect to hire at managerial/professional level over the coming quarter?
Do you expect to let people go at managerial/professional level over the coming quarter?
Accountancy
Agriculture
Automotive & Aerospace
Banking
Chemicals
Construction & Engineering
Consumer Goods
E-Commerce & Social Media
Education
Electronics
Energy - Oil & Gas
Energy - Renewables
Fashion
FMCG
Insurance
Legal
Leisure
Logistics
Luxury Goods
Manufacturing
Media
Medical
Mining
Packaging
Pharmaceuticals
Property
Public Sector (Governmental)
Retail
Security Services
Shared Services
Technology - Hardware
Technology - Software
Telecommunications
Utilities
55%
52%
54%
52%
44%
49%
57%
63%
42%
44%
62%
37%
49%
40%
50%
48%
65%
52%
30%
51%
43%
56%
42%
49%
38%
30%
36%
46%
50%
74%
54%
58%
50%
66%
Accountancy
Agriculture
Automotive & Aerospace
Banking
Chemicals
Construction & Engineering
Consumer Goods
E-Commerce & Social Media
Education
Electronics
Energy - Oil & Gas
Energy - Renewables
Fashion
FMCG
Insurance
Legal
Leisure
Logistics
Luxury Goods
Manufacturing
Media
Medical
Mining
Packaging
Pharmaceuticals
Property
Public Sector (Governmental)
Retail
Security Services
Shared Services
Technology - Hardware
Technology - Software
Telecommunications
Utilities
13%
28%
13%
29%
23%
27%
23%
25%
27%
22%
35%
26%
38%
15%
14%
28%
48%
23%
22%
23%
21%
15%
21%
21%
23%
20%
23%
17%
17%
5%
15%
13%
25%
17%
Expecting to Hire
Expecting to Fire
Antal Global Snapshot | Edition 11 - April 2012 Page 32
www.snapshot.antal.com
EASTERN EUROPE
Detailed examination of key markets
Eastern Europe & Eurasia Key Sectors 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?
72%
70%
4%
12%
50%
50%
25%
38%
65%
59%
7%
7%
ACCOUNTANCY AGRICULTURE
Poland Key Sectors
67%
56%
22%
22%
67%
56%
22%
22%
58%
56%
21%
20%
CHEMICAL
S
73%
82%
18%
18%
53%
37%
11%
10%
74%
47%
26%
21%
45%
36%
18%
9%
58%
54%
54%
38%
48%
39%
14%
10%
ENERGY - RENEWABLES
ENERGY - OIL & GAS
CONSTRUCTION
& ENGINEERING
E-COMMERCE &
SOCIAL MEDIA
BANKING
AUTOMOTIVE & AEROSPACE
62%
51%
15%
13%
49%
49%
23%
26%
80%
60%
0%
20%
FMCG FASHION
58%
52%
23%
21%
ELECTRONICS
INSURANCE
LOGISTICS
LEGAL LEISURE
Antal Global Snapshot | Edition 11 - April 2012 Page 33
www.snapshot.antal.com
EASTERN EUROPE
Detailed examination of key markets
Eastern Europe & Eurasia Key Sectors 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?
56%
50%
10%
15%
52%
65%
17%
4%
33%
40%
13%
13%
100%
100%
50%
50%
54%
50%
11%
14%
LUXURY GOODS MANUFACTURING
Poland Key Sectors
53%
44%
15%
10%
MEDIA
49%
34%
31%
25%
36%
31%
10%
16%
67%
33%
33%
33%
PHARMACEUTICALS
MINING
51%
44%
17%
13%
85%
74%
10%
5%
54%
61%
13%
11%
SHARED SERVICES RETAIL
PROPERTY
PACKAGING MEDICAL
63%
60%
12%
12%
62%
53%
28%
23%
71%
65%
13%
13%
TECHNOLOGY - SOFTWARE TELECOMMUNICATIONS
TECHNOLOGY - HARDWARE
UTILITIES
PUBLIC SECTOR
(GOVERNMENTAL)
Antal Global Snapshot | Edition 11 - April 2012 Page 34
www.snapshot.antal.com
EASTERN EUROPE
Detailed examination of key markets
Eastern Europe & Eurasia Key Sectors 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?
38%
31%
6%
13%
60%
53%
27%
20%
55%
55%
45%
27%
AUTOMOTIVE & AEROSPACE ACCOUNTANCY
Romania Key Sectors
50%
33%
17%
17%
29%
33%
25%
25%
75%
75%
25%
50%
75%
75%
100%
100%
67%
58%
42%
42%
33%
33%
50%
50%
BANKING
48%
43%
35%
30%
CONSTRUCTION
& ENGINEERING CHEMICALS
ELECTRONICS
E-COMMERCE &
SOCIAL MEDIA
ENERGY - OIL & GAS
ENERGY - RENEWABLES
FMCG
Antal Global Snapshot | Edition 11 - April 2012 Page 35
www.snapshot.antal.com
EASTERN EUROPE
Detailed examination of key markets
Eastern Europe & Eurasia Key Sectors 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?
60%
80%
40%
40%
59%
53%
29%
35%
39%
33%
22%
39%
Romania Key Sectors
45%
55%
27%
27%
54%
54%
23%
31%
20%
20%
40%
40%
100%
60%
80%
60%
70%
50%
20%
10%
54%
57%
11%
4%
50%
38%
13%
0%
LOGISTICS MEDIA MANUFACTURING
MEDICAL PHARMACEUTICALS
RETAIL
PROPERTY
TECHNOLOGY - HARDWARE
TELECOMMUNICATIONS
TECHNOLOGY - SOFTWARE
Antal Global Snapshot | Edition 11 - April 2012 Page 36 www.snapshot.antal.com
MIDDLE EAST
Detailed examination of key markets
Middle East - Key Sectors
Do you expect to hire at managerial/professional level over the coming quarter?
Do you expect to let people go at managerial/professional level over the coming quarter?
Accountancy
Agriculture
Automotive & Aerospace
Banking
Chemicals
Construction & Engineering
Consumer Goods
Education
Electronics
Energy - Oil & Gas
Energy - Renewables
Fashion
FMCG
Insurance
Leisure
Logistics
Luxury Goods
Manufacturing
Media
Medical
Mining
Packaging
Pharmaceuticals
Public Sector (Governmental)
Retail
Technology - Hardware
Technology - Software
Telecommunications
Utilities
67%
67%
80%
100%
50%
46%
38%
50%
62%
58%
25%
29%
86%
50%
86%
46%
25%
45%
33%
80%
60%
56%
67%
50%
100%
47%
60%
78%
50%
Agriculture
Automotive & Aerospace
Banking
Chemicals
Construction & Engineering
Consumer Goods
Electronics
Energy - Oil & Gas
Energy - Renewables
Fashion
FMCG
Insurance
Leisure
Logistics
Luxury Goods
Manufacturing
Media
Mining
Packaging
Pharmaceuticals
Property
Public Sector (Governmental)
Retail
Technology - Hardware
Technology - Software
Telecommunications
67%
20%
30%
13%
38%
50%
23%
12%
25%
43%
14%
25%
57%
38%
25%
35%
33%
60%
56%
33%
25%
50%
33%
7%
12%
44%
Expecting to Hire
Expecting to Fire
Antal Global Snapshot | Edition 11 - April 2012 Page 37
www.snapshot.antal.com
MIDDLE EAST
Detailed examination of key markets
Middle East - Key Sectors 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?
80%
80%
0%
20%
100%
100%
17%
17%
62%
54%
23%
31%
United Arab Emirates Key Sectors
50%
60%
10%
0%
48%
58%
9%
9%
67%
89%
22%
22%
100%
100%
33%
33%
33%
44%
44%
22%
52%
44%
24%
28%
100%
100%
0%
0%
29%
44%
4%
2%
53%
54%
3%
4%
46%
69%
31%
31%
AUTOMOTIVE & AEROSPACE BANKING
CONSTRUCTION
& ENGINEERING
ELECTRONICS
ENERGY - OIL & GAS
FMCG
LOGISTICS LEISURE
MEDICAL
MANUFACTURING
TECHNOLOGY - HARDWARE TECHNOLOGY - SOFTWARE
TELECOMMUNICATIONS
Antal Global Snapshot | Edition 11 - April 2012 Page 38
www.snapshot.antal.com
AFRICA
Detailed examination of key markets
Africa - Key Sectors
Do you expect to hire at managerial/professional level over the coming quarter?
Do you expect to let people go at managerial/professional level over the coming quarter?
Accountancy
Agriculture
Automotive & Aerospace
Banking
Chemicals
Construction & Engineering
Consumer Goods
E-Commerce & Social Media
Education
Electronics
Energy - Oil & Gas
Energy - Renewables
Fashion
FMCG
Insurance
Legal
Leisure
Logistics
Luxury Goods
Manufacturing
Medical
Mining
Packaging
Pharmaceuticals
Property
Public Sector (Governmental)
Retail
Security Services
Technology - Hardware
Technology - Software
Telecommunications
Utilities
38%
88%
56%
41%
44%
50%
41%
64%
55%
40%
36%
46%
55%
69%
54%
50%
58%
48%
21%
58%
33%
73%
35%
68%
71%
31%
40%
65%
63%
67%
63%
25%
Accountancy
Agriculture
Automotive & Aerospace
Banking
Chemicals
Construction & Engineering
Consumer Goods
E-Commerce & Social Media
Education
Electronics
Energy - Oil & Gas
Energy - Renewables
Fashion
FMCG
Insurance
Legal
Leisure
Logistics
Luxury Goods
Manufacturing
Medical
Mining
Packaging
Pharmaceuticals
Property
Public Sector (Governmental)
Retail
Security Services
Technology - Hardware
Technology - Software
Telecommunications
13%
38%
23%
47%
28%
32%
59%
36%
41%
20%
22%
38%
64%
16%
46%
38%
50%
28%
36%
29%
33%
15%
20%
12%
29%
15%
20%
13%
14%
6%
26%
Expecting to Hire
Expecting to Fire
Antal Global Snapshot | Edition 11 - April 2012 Page 39
www.snapshot.antal.com
AFRICA
Detailed examination of key markets
Africa Key Sectors 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?
46%
38%
15%
15%
36%
52%
32%
12%
50%
38%
25%
38%
South Africa Key Sectors
36%
18%
18%
18%
63%
68%
11%
16%
31%
69%
62%
38%
13%
38%
25%
38%
29%
43%
29%
14%
43%
38%
22%
19%
67%
56%
33%
33%
54%
63%
25%
8%
33%
33%
0%
0%
ACCOUNTANCY AUTOMOTIVE & AEROSPACE BANKING
CONSTRUCTION
& ENGINEERING CHEMICALS
E-COMMERCE &
SOCIAL MEDIA
ELECTRONICS
ENERGY - RENEWABLES
ENERGY - OIL & GAS
FMCG
EDUCATION
LEGAL
Antal Global Snapshot | Edition 11 - April 2012 Page 40
www.snapshot.antal.com
AFRICA
Detailed examination of key markets
Africa Key Sectors 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?
25%
50%
50%
50%
59%
47%
12%
12%
20%
40%
20%
40%
South Africa Key Sectors
51%
57%
27%
28%
33%
33%
50%
50%
59%
81%
22%
8%
20%
30%
0%
0%
67%
73%
5%
5%
74%
65%
13%
13%
68%
62%
14%
12%
63%
67%
15%
3%
36%
54%
18%
7%
LOGISTICS LUXURY GOODS
PHARMACEUTICALS
MINING MEDICAL
PACKAGING
LEISURE
TECHNOLOGY - HARDWARE TELECOMMUNICATIONS TECHNOLOGY - SOFTWARE
MANUFACTURING
SECURITY SERVICES
Antal Global Snapshot | Edition 11 - April 2012 Page 41
www.snapshot.antal.com
ASIA PACIFIC
Detailed examination of key markets
Asia Pacific - Key Sectors
Do you expect to hire at managerial/professional level over the coming quarter?
Do you expect to let people go at managerial/professional level over the coming quarter?
Accountancy
Agriculture
Automotive & Aerospace
Banking
Chemicals
Construction & Engineering
Consumer Goods
E-Commerce & Social Media
Education
Electronics
Energy - Oil & Gas
Energy - Renewables
Fashion
FMCG
Insurance
Legal
Leisure
Logistics
Luxury Goods
Manufacturing
Media
Medical
Mining
Packaging
Pharmaceuticals
Property
Public Sector (Governmental)
Retail
Security Services
Technology - Hardware
Technology - Software
Telecommunications
Utilities
83%
62%
70%
54%
73%
70%
77%
86%
61%
58%
57%
54%
88%
83%
64%
52%
81%
72%
90%
65%
71%
78%
73%
64%
73%
76%
58%
65%
63%
67%
58%
79%
69%
Accountancy
Agriculture
Automotive & Aerospace
Banking
Chemicals
Construction & Engineering
Consumer Goods
E-Commerce & Social Media
Education
Electronics
Energy - Oil & Gas
Energy - Renewables
Fashion
FMCG
Insurance
Legal
Leisure
Logistics
Luxury Goods
Manufacturing
Media
Medical
Mining
Packaging
Pharmaceuticals
Property
Public Sector (Governmental)
Retail
Technology - Hardware
Technology - Software
Telecommunications
Utilities
30%
12%
17%
12%
38%
38%
34%
19%
27%
23%
33%
23%
43%
22%
22%
7%
24%
28%
39%
22%
22%
21%
27%
32%
20%
24%
35%
30%
25%
25%
26%
23%
Expecting to Hire
Expecting to Fire
Antal Global Snapshot | Edition 11 - April 2012 Page 42
www.snapshot.antal.com
ASIA PACIFIC
Detailed examination of key markets
Asia Pacific Key Sectors 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?
91%
92%
33%
34%
68%
65%
18%
12%
68%
71%
13%
15%
ACCOUNTANCY AUTOMOTIVE & AEROSPACE AGRICULTURE
China Key Sectors
60%
61%
12%
11%
76%
75%
36%
38%
77%
74%
14%
39%
CHEMICALS
CONSTRUCTION
& ENGINEERING BANKING
89%
87%
13%
15%
58%
61%
32%
27%
68%
65%
21%
22%
EDUCATION E-COMMERCE &
SOCIAL MEDIA
61%
57%
32%
34%
58%
54%
23%
23%
90%
87%
54%
50%
ENERGY - RENEWABLES
ENERGY - OIL & GAS
ELECTRONICS
86%
84%
23%
25%
68%
65%
23%
20%
52%
52%
5%
7%
INSURANCE FMCG
FASHION
LEGAL
Antal Global Snapshot | Edition 11 - April 2012 Page 43
www.snapshot.antal.com
ASIA PACIFIC
Detailed examination of key markets
Asia Pacific Key Sectors 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?
85%
83%
24%
23%
72%
72%
18%
31%
91%
91%
43%
41%
LOGISTICS LUXURY GOODS
China Key Sectors
70%
66%
14%
22%
78%
73%
24%
23%
81%
80%
19%
19%
MEDICAL MEDIA
77%
75%
17%
25%
64%
66%
12%
27%
78%
72%
21%
24%
PHARMACEUTICALS PACKAGING
78%
77%
17%
25%
56%
56%
29%
35%
64%
63%
32%
32%
RETAIL PUBLIC SECTOR
(GOVERNMENTAL)
64%
70%
25%
27%
52%
51%
24%
25%
75%
75%
28%
28%
TELECOMMUNICATION
S TECHNOLOGY - HARDWARE
74%
71%
18%
24%
UTILITIES
TECHNOLOGY - SOFTWARE
PROPERTY
MINING
MANUFACTURING
LEISURE
Antal Global Snapshot | Edition 11 - April 2012 Page 44
www.snapshot.antal.com
ASIA PACIFIC
Detailed examination of key markets
Asia Pacific Key Sectors 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?
50%
100%
50%
50%
40%
20%
20%
0%
43%
43%
14%
29%
AUTOMOTIVE & AEROSPACE ACCOUNTANCY
India Key Sectors
57%
43%
29%
43%
71%
86%
0%
14%
75%
50%
75%
50%
CONSTRUCTION
& ENGINEERING
CHEMICALS
100%
100%
50%
50%
40%
20%
40%
40%
41%
47%
18%
35%
ENERGY - OIL & GAS
71%
86%
19%
43%
60%
40%
60%
60%
100%
50%
50%
100%
MEDICAL
MANUFACTURING LOGISTICS
55%
74%
23%
52%
PHARMACEUTICAL
S
TECHNOLOGY - SOFTWARE
RETAIL
ENERGY - RENEWABLES
INSURANCE
Antal Global Snapshot | Edition 11 - April 2012 Page 45
www.snapshot.antal.com
ASIA PACIFIC
Detailed examination of key markets
Asia Pacific Key Sectors 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?
93%
93%
7%
5%
50%
50%
25%
25%
85%
90%
14%
17%
ACCOUNTANCY
Philippines Key Sectors
98%
98%
5%
10%
92%
93%
6%
3%
94%
92%
15%
16%
CHEMICALS
91%
95%
9%
5%
100%
100%
0%
0%
95%
95%
0%
3%
91%
93%
67%
67%
100%
100%
10%
11%
99%
99%
12%
9%
MEDICAL
MANUFACTURING LOGISTICS
92%
92%
10%
10%
96%
96%
3%
3%
92%
100%
8%
12%
TECHNOLOGY - SOFTWARE
PHARMACEUTICAL
S
TELECOMMUNICATIONS RETAIL
INSURANCE
E-COMMERCE &
SOCIAL MEDIA
FASHION FMCG
LUXURY GOODS
PROPERTY
Antal Global Snapshot | Edition 11 - April 2012 Page 46
www.snapshot.antal.com
ASIA PACIFIC
Detailed examination of key markets
Asia Pacific Key Sectors 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?
14%
14%
11%
8%
40%
60%
20%
40%
33%
52%
38%
38%
ACCOUNTANCY AUTOMOTIVE & AEROSPACE
Singapore Key Sectors
18%
17%
18%
15%
44%
33%
11%
33%
50%
50%
19%
19%
CHEMICALS
CONSTRUCTION
& ENGINEERING BANKING
38%
8%
38%
31%
57%
57%
7%
14%
67%
67%
33%
0%
48%
52%
38%
24%
33%
67%
0%
0%
ENERGY - RENEWABLES
ENERGY - OIL & GAS
FMCG
ELECTRONICS
S
LEISURE
AGRICULTURE
Antal Global Snapshot | Edition 11 - April 2012 Page 47
www.snapshot.antal.com
ASIA PACIFIC
Detailed examination of key markets
Asia Pacific Key Sectors 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?
45%
55%
36%
27%
44%
44%
19%
26%
43%
43%
43%
29%
Singapore Key Sectors
62%
67%
29%
24%
60%
53%
13%
7%
67%
67%
33%
33%
67%
100%
33%
33%
17%
50%
17%
17%
50%
67%
33%
50%
90%
90%
22%
27%
LOGISTICS MEDIA MANUFACTURING
MEDICAL PHARMACEUTICALS
PUBLIC SECTOR
(GOVERNMENTAL)
PROPERTY
TECHNOLOGY - HARDWARE
TELECOMMUNICATIONS
TECHNOLOGY - SOFTWARE
Antal Global Snapshot | Edition 11 - April 2012 Page 48
www.snapshot.antal.com
THE AMERICAS
Detailed examination of key markets
The Americas - Key Sectors
Do you expect to hire at managerial/professional level over the coming quarter?
Do you expect to let people go at managerial/professional level over the coming quarter?
Accountancy
Agriculture
Automotive & Aerospace
Banking
Chemicals
Construction & Engineering
Consumer Goods
E-Commerce & Social Media
Education
Electronics
Energy - Oil & Gas
Energy - Renewables
Fashion
FMCG
Insurance
Legal
Leisure
Logistics
Luxury Goods
Manufacturing
Media
Medical
Mining
Packaging
Pharmaceuticals
Public Sector (Governmental)
Retail
Technology - Hardware
Technology - Software
Telecommunications
Utilities
25%
50%
63%
50%
50%
56%
27%
33%
50%
38%
52%
33%
50%
56%
50%
25%
82%
56%
29%
43%
50%
55%
53%
57%
73%
25%
75%
33%
47%
67%
43%
Accountancy
Agriculture
Automotive & Aerospace
Banking
Chemicals
Construction & Engineering
Consumer Goods
Education
Electronics
Energy - Oil & Gas
Energy - Renewables
Fashion
FMCG
Leisure
Logistics
Luxury Goods
Manufacturing
Media
Medical
Mining
Packaging
Pharmaceuticals
Public Sector (Governmental)
Retail
Technology - Hardware
Technology - Software
Telecommunications
Utilities
25%
10%
33%
50%
32%
44%
33%
25%
38%
31%
38%
50%
44%
18%
33%
29%
28%
50%
45%
40%
71%
60%
50%
25%
11%
33%
33%
14%
Expecting to Hire
Expecting to Fire
Antal Global Snapshot | Edition 11 - April 2012 Page 49
www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
Disciplines and Functions
Western Europe Do you expect to hire at managerial/professional level over the coming quarter?
Accounting, Tax, Treasury
Administration
Banking
Board, "C-Level"
Construction
Creative, Design
Engineering, Production
Human Resources
IT Technical, IT support
Legal
Operations, Logistics, Procurement
Other
R&D, Scientific
Sales & Marketing
7%
3%
1%
2%
1%
1%
6%
3%
9%
1%
4%
3%
4%
18%
Disciplines and Functions – Expecting to Hire
Antal Global Snapshot | Edition 11 - April 2012 Page 50
www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
Disciplines and Functions
Eastern Europe & Eurasia Do you expect to hire at managerial/professional level over the coming quarter?
Accounting, Tax, Treasury
Administration
Banking
Board, "C-Level"
Construction
Creative, Design
Engineering, Production
Human Resources
IT Technical, IT support
Legal
Operations, Logistics, Procurement
R&D, Scientific
Sales & Marketing
9%
4%
3%
5%
2%
2%
14%
4%
15%
3%
10%
4%
26%
Disciplines and Functions – Expecting to Hire
Antal Global Snapshot | Edition 11 - April 2012 Page 51
www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
Disciplines and Functions
Middle East Do you expect to hire at managerial/professional level over the coming quarter?
Accounting, Tax, Treasury
Administration
Banking
Board, "C-Level"
Construction
Creative, Design
Engineering, Production
Human Resources
IT Technical, IT support
Legal
Operations, Logistics, Procurement
R&D, Scientific
Sales & Marketing
7%
7%
3%
3%
3%
4%
16%
5%
19%
4%
10%
4%
39%
Disciplines and Functions – Expecting to Hire
Antal Global Snapshot | Edition 11 - April 2012 Page 52
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THE ‘ANTAL GLOBAL SNAPSHOT’
Disciplines and Functions
Africa Do you expect to hire at managerial/professional level over the coming quarter?
Accounting, Tax, Treasury
Administration
Banking
Board, "C-Level"
Construction
Creative, Design
Engineering, Production
Human Resources
IT Technical, IT support
Legal
Operations, Logistics, Procurement
R&D, Scientific
Sales & Marketing
14%
7%
2%
5%
3%
3%
17%
10%
12%
5%
12%
10%
24%
Disciplines and Functions – Expecting to Hire
Antal Global Snapshot | Edition 11 - April 2012 Page 53
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THE ‘ANTAL GLOBAL SNAPSHOT’
Disciplines and Functions
Asia Pacific Do you expect to hire at managerial/professional level over the coming quarter?
Accounting, Tax, Treasury
Administration
Banking
Board, "C-Level"
Construction
Creative, Design
Engineering, Production
Human Resources
IT Technical, IT support
Legal
Operations, Logistics, Procurement
R&D, Scientific
Sales & Marketing
11%
8%
4%
2%
4%
6%
14%
11%
7%
4%
15%
10%
37%
Disciplines and Functions – Expecting to Hire
Antal Global Snapshot | Edition 11 - April 2012 Page 54
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THE ‘ANTAL GLOBAL SNAPSHOT’
Disciplines and Functions
The Americas Do you expect to hire at managerial/professional level over the coming quarter?
Accounting, Tax, Treasury
Administration
Banking
Board, "C-Level"
Construction
Creative, Design
Engineering, Production
Human Resources
IT Technical, IT support
Legal
Operations, Logistics, Procurement
R&D, Scientific
Sales & Marketing
11%
9%
2%
6%
5%
5%
20%
9%
15%
3%
12%
11%
28%
Disciplines and Functions – Expecting to Hire
Antal Global Snapshot | Edition 11 - April 2012 Page 55 www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’ THE CURRENT PICTURE - Q1 2012
Winners and Losers - Regions
As in the last edition published in December, the Snapshot
once again shows just how much divergence there is in
economic and employment fortunes around the world. The
Philippines, for example, is registering a hugely impressive
97% of businesses recruiting managers and professionals,
while Spain, at the other end of the spectrum has just 29% of
respondents currently hiring. Although some of the more
established economies are now registering improving levels
activity, the busiest employment markets continue to be
those in the developing economies of the Asia Pacific region.
Winners and Losers - Sectors
Across the globe the sectors with the highest current levels
of recruitment at professional and managerial level were:
1. Shared Services
2. Luxury Goods
3. Fashion
4. Leisure
5. Accountancy
The lowest was the agricultural products sector with only
24% of organisations questioned currently hiring.
Global Snapshot - The Worldwide Picture
Are you currently hiring at managerial / professional level? - 55%
Are you currently letting people go at managerial / professional level? - 20%
Antal Global Snapshot | Edition 11 - April 2012 Page 56
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THE ‘ANTAL GLOBAL SNAPSHOT’
THE OUTLOOK - Q2 2012
Winners and losers
As in the last report in December, it seems that the most
hiring activity over the coming quarter will take place in
emerging markets and particularly in those of the Asia
Pacific region with China, Vietnam and the Philippines all
scoring highly.
Sector focus looks likely to remain constant over the coming
months. Luxury Goods, Fashion, Shared Services and
Accountancy all look set to remain busy while the
Agricultural sector will continue to languish at the bottom of
the activity table.
Global Snapshot - The Worldwide Picture
Do you expect to hire at managerial / professional level
over the coming quarter? - 54%
Do you expect to let people go at managerial / professional
level over the coming quarter? - 20%
Antal Global Snapshot | Edition 11 - April 2012 Page 57
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THE ‘ANTAL GLOBAL SNAPSHOT’
CONCLUSION A hint of stability?
Let’s start with the bad news. Overall hiring across the more than 17,000 organisations taking part in this edition of Global Snapshot is down since out last survey in December. The good news however, is that it is only down by 1%. And it seems that this level of activity will remain more or less constant over the coming quarter.
So let us stick our corporate neck out and say that it appears a degree of stability has finally returned to the global employment market for managers and professionals.
It will perhaps come as little surprise to hear that the overall global figure masks substantial variance in the fortunes of individual countries. Several of the Eurozone countries are still languishing in the doldrums. In Spain, for example, less than a third of businesses are recruiting, although, much against expectations, in Greece over 40% of companies are hiring at professional level (although even more seem to be in the process of getting rid of people). And the most significant activity is still taking place in the fast growing economies of the developing world. In China, for example, more than 70% of businesses are currently seeking new staff, while in the Philippines the figure is in excess of 90%.
Surveys like the Antal Global Snapshot are valuable indicators of the levels of optimism or pessimism within businesses in key markets around the world. However they need to be read in context, a context that we build up using feedback from our consultants and managers in over 30 countries on five continents. And what they tell us is that, whether an employment market is active or not, competition for the best talent at the professional and managerial level is consistently fierce. Why? Because the skills that companies need in conjunction with specific technical capabilities – such as effective people management and development, concise and clear oral and written communication, commercial awareness, entrepreneurship and innovation – are always in short supply. And in a world where businesses are having to change and adapt faster than at any other time in history to tackle both opportunities and challenges that situation is not likely to improve. In fact it’s more likely to decline. As the last annual survey of multi-national CEOs conducted by PwC neatly pointed out, it’s not just a question of being short of talent, it’s being short of the right talent. Regardless of whether you’re in Bangalore, Beijing, Birmingham or Boston our old friend the ‘war for talent’ may turn out to be a struggle that simply has no end.
Antal International would like to thank all respondents for their participation in this edition of the Antal Global Snapshot. As a result €9000 was donated to the Antal Charitable Foundation, our charity which supports Chance UK, Duke of Edinburgh's Award and Smiling Children amongst other charities. For more details please visit the website at www.antalcharitablefoundation.com
Contact If you would like any further information about material included in this report or would like to reserve a copy of the next ‘Antal Global Snapshot’, contact Natasha Lane at Snapshot@antal.com or your local Antal office - see www.antal.com for more details. Natasha Lane Antal International 64 Baker Street London, W1U 7GB Tel: +44 (0)207 467 2520 Fax: +44 (0)207 467 2521 Email: Snapshot@antal.com
www.antal.com www.snapshot.antal.com www.antalventures.com
www.antalcharitablefoundation.com
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