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ANTAL GLOBALSNAPSHOTA survey of hiring and firing trends in keyemployment markets around the world.

Edition 7 - November 2010snapshot.antal.com

Antal Global Snapshot | Edition 7 - November 2010 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 seventh report in the series is based upon material sourced from over 9100 businesses in commerce, industry and the financial services sector in 52 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 offices in 32 countries and works with many of the world’s most successful and ambitious multi-nationals.

Methodology This edition of the ‘Antal Global Snapshot’ is based upon survey forms and telephone interviews completed by line and HR managers in 9117 companies, professional partnerships and financial institutions across 52 countries in September and October 2010.

Each respondent was asked whether they were currently hiring or letting go professional/managerial staff and whether they intended to do so over the coming quarter. All respondents were guaranteed anonymity to encourage open and honest answers.

Antal Global Snapshot | Edition 7 November 2010 www.snapshot.antal.com

THE ‘ANTAL GLOBAL SNAPSHOT’ Local Picture - Detailed information on the 52 key markets surveyed.

Western Europe Are you currently hiring at managerial/professional level? Do you expect to hire at managerial/professional level over the coming quarter? Are you currently letting people go at managerial/professional level? Do you expect to let people go at managerial/professional level over the coming quarter?

Austria Belgium

France

61% 63%

33% 35%

The level of managerial and professional hiring has increased from 47% to 61% in the last quarter and the percentage of organisations intending to hire in the next three months has increased dramatically from 43% to 63%. However the percentages of employers letting staff go and of those intending to let staff go in the next three months has also risen from 28% and 29% respectively.

63% 61%

27% 27%

56% 57%

26%33%

The percentage of organisations recruiting professional and managerial staff in France has increased slightly since the summer, up from 53% to 56% now and future hiring intentions are also stronger, up slightly from 56% in June. The proportion of businesses intending to shed staff is only slightly higher than the regional average of 22% but looks set to rise over the next three months.

32% 31%

12% 13%

Germany

The hiring picture in Belgium is still quite positive despite a drop from 66% in June and Belgium now has the joint highest rate of hiring in Western Europe alongside its neighbour Luxembourg. The proportion of organisations shedding staff or expecting to do so over the next quarter has also fallen since the summer from 28% and 30% respectively.

Despite the relative success of Germany’s social market economy, the proportion of organisations hiring at professional and managerial level has slipped from 41% in the summer to 32% now and is set to drop again slightly over the coming quarter. However this somewhat negative news is balanced by a percentage of employers shedding staff which is much lower than the regional average of 22%.



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

54% 57%

17%23%

Hiring levels have risen once again from 47% in June to 54% now and intentions to hire have also improved – up from 47% in the summer to 57% now. The percentage of organisations shedding staff at professional and managerial level has remained stable at 17% although there appear to be signs that this may rise slightly over the coming three months.

63%

50%

31%38%

52% 53%

19%

29%

When we last reported on Malta in June its jobs market had all but ground to a halt with only 6% of organisations recruiting at professional or managerial level, although there were signs of optimism about the future. Fortunately this optimism has turned out to be well placed and prospects also look good for the coming quarter.

52% 55%

24%29%

Netherlands

After a shaky summer when hiring fell dramatically from the 58% level recorded in January to just 29% the jobs market for professionals and managers in Luxembourg has made a clear recovery. The country now has the highest level of recruitment in Western Europe alongside its neighbour, Belgium.

After peaking at 63% in June the level of hiring in the Netherlands has slipped back to that registered in January this year. However the professional and managerial jobs market still remains much more active than in 2009 and looks set to improve, albeit marginally, over the coming quarter. The percentage of employers reducing current head count has slowly decreased since the beginning of the year and currently sits at 24%.



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?

Portugal Spain

Switzerland

42%37%

20%

29%

The level of professional and managerial hiring in Portugal has risen steadily since the summer from 36% to 42% currently, although this is expected to fall over the coming quarter. On a more positive note the percentage of businesses shedding staff has fallen from 25% in June to just 20% now, below the regional average of 22%.

37%34%

28% 27%

60% 61%

18%27%

Although hiring levels in Switzerland are slightly down from the high of 64% in January they still remain very healthy and on a par with those registered in June. At the same time the percentage of businesses shedding staff is down from 32% at the beginning of the year to just 18% now, well below the regional average of 22%.

61% 63%

32% 34%

United Kingdom

Despite Spain’s continuing economic problems the percentage of organisations hiring at professional and managerial level has risen once again from 31% in June to 37% now. However the proportion of companies shedding staff has risen slightly from 26% in the summer to 28% now.

Overall current hiring is up marginally from 60% in June to 61% and confidence about the future is much stronger than at the beginning of the year when only 52% of businesses envisaged recruiting in the coming quarter as opposed to 63% now. However organisations are also shedding more staff than in the summer – only 32% now in comparison to only 22% in June. The financial services and telecoms sectors seem to be showing particular signs of health. The percentage of telecoms companies recruiting at professional and managerial level has remained steady at 75% and the percentage of financial services organisations hiring has risen from 65% to 82%.


WESTERN EUROPE

Detailed examination of key markets

Western Europe Key Sectors 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?

German Sectors

16%14%

46%53%

23%

8%51%

38%

28%

4%82%

51%

27%

18%

36%

73%

34%

22%37%38%

12%

19%35%

51%

68%69%

20%11%

22%

17%33%

39%

22%

34%

44%

43%

BANKING ENERGY MANUFACTURING

BANKING MANUFACTURING PROFESSIONAL SERVICES

BANKING MANUFACTURING PROFESSIONAL SERVICES

Italian Sectors

Spanish Sectors

UK Sectors

28%33%

77%75%

37%38%

54%62%

29%

14%86%

71%

60%66%

84%83%

53%

48%84%82%

TELECOMS MANUFACTURING IT

ENERGY BANKING AND FINANCE



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

44%52%

19% 16%

As predicted, professional and managerial hiring levels have dipped slightly from a 47% high registered in June. However employers seem optimistic about the future with 52% expecting to hire over the next three months. The percentage of businesses letting people go has remained stable but looks set to fall over the coming quarter to a figure well below the regional average of 30%.

49%44%

17% 14%

68%61%

42%52%

Hiring levels in Czech Republic have been rising steadily since the beginning of the year and are up from 61% registered in the summer. However the percentage of organisations shedding staff has risen substantially since June from just 23% suggesting an increasing rate of ‘churn’ in the professional and managerial jobs market.

27% 28%

17% 18%

Hungary

The level of hiring in Croatia has risen noticeably since the summer when only 32% of businesses were recruiting professionals or managers. The percentage of businesses shedding staff has also fallen from 20% in June to 17% now and this downward trend looks set to continue over the coming quarter.

Despite Hungary’s ongoing economic problems there are signs of improvement in the professional and managerial jobs market with hiring levels up from just 19% in June to 27% now and the prospect of a further marginal rise over the coming quarter. The proportion of businesses shedding staff is also down from 20% in the summer to just 17% now.



Eastern Europe & Eurasia Continued... Are you currently hiring at managerial/professional level? Do you expect to hire at managerial/professional level over the coming quarter? Are you currently letting people go at managerial/professional level? Do you expect to let people go at managerial/professional level over the coming quarter?

Poland Romania

Russia

54% 53%

13% 13%

The percentage of organisations hiring at professional and managerial level is up for the first time since January from 47% to 54% now and looks set to remain steady over the next three months. The proportion of businesses shedding staff also remains low, well below the regional average of 24% and the lowest level recorded in any country surveyed in Eastern Europe and Eurasia.

50% 51%

29% 31%

75% 77%

45% 40%

After a slight drop in hiring levels to 66%, the percentage of organisations recruiting professionals or managers has rebounded to 75% and is set to rise again to 77% over the coming quarter. Hiring levels are the fourth highest in the Eastern Europe/Eurasia region, exceeded only by those registered in Slovakia, Ukraine and Israel. However the proportion of businesses shedding staff has risen significantly from 33% in the summer to 45% now although this is predicted to fall to 40% over the next three months.

47%58%

21% 20%

Serbia

Hiring levels in Romania have remained steady since the summer when almost exactly the same percentages of businesses were recruiting at professional and managerial level. However the proportion of organisations shedding staff has risen from just 20% in June to 29% now and looks set to rise again to 31% over the coming quarter.

Although activity in the Serbian jobs market was exceptionally low in the summer at just 24%, predictions of an increase in hiring have been almost exactly fulfilled with 47% of organisations now recruiting at professional or managerial level. However this has also brought about an increase in the proportion of businesses shedding staff, up from 16% in June to 21% now.



Eastern Europe & Eurasia Continued... Are you currently hiring at managerial/professional level? Do you expect to hire at managerial/professional level over the coming quarter? Are you currently letting people go at managerial/professional level? Do you expect to let people go at managerial/professional level over the coming quarter?

Slovakia Slovenia

Turkey

76% 72%

36% 32%

Hiring levels in Slovakia have risen significantly since June when only 54% of organisations were hiring at professional and managerial level and are now the third highest in the Eastern Europe/Eurasia region, exceeded only by those in Ukraine and Israel. However the proportion of businesses shedding staff has also risen from just 20% in June to 36% now.

69% 69%

27% 31%

74%69%

17% 19%

Professional and managerial hiring levels in Turkey have leapt up dramatically since the last time Snapshot surveyed the country in June when only 29% of companies were recruiting and activity seems likely to remain high over the next three months. The proportion of businesses shedding staff has risen slightly from just 10% recorded in the summer but the current figure is still comfortably under the regional average of 24%.

79% 83%

45%52%

Ukraine

Hiring levels in Slovenia have risen significantly since June when only 44% of companies were hiring professionals or managers. However, as seen in other states this improvement in the jobs market has also led to a rise in the proportion of businesses shedding staff, up from just 11% in June to 27% now.

Hiring levels in Ukraine have climbed from 68% in June and the country now has the highest recruitment rate in the Eastern European/Eurasian region and is well ahead of the global average of just 59%. However this activity has also led to a much higher proportion of businesses shedding staff, up from 30% in June to 45% now and set to rise to 52% over the coming quarter.



Eastern Europe & Eurasia Continued... 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?

79% 82%

23% 28%

Israel

The proportion of companies hiring at professional and managerial level has risen dramatically since the summer from 47% to 79%, comfortably exceeding the predicted level of 67%. However the percentage of organisations shedding staff has risen slightly from 20% to 23% and looks set to rise further in the coming quarter.

57% 60%

23%28%

Eastern Europe & Eurasia Regional Averages


EASTERN EUROPE


Eastern Europe & Eurasia Key Sectors

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?

Polish Sectors

18%16%

61%47%

19%16%

47%58%

49%

19%58%55%

5%6%

43%59%

11%13%

55%53%

20%

30%60%

71%

2%

33%68%67%

75%

62%88%

63%

4%

24%90%

25%

AUTOMOTIVE BANKING ENGINEERING

IT - SOFTWARE PHARMACEUTICALS TELECOMS

CHEMICALS ENERGY ENGINEERING

Russian Sectors

Turkish Sectors

18%20%

62%60%

14%15%

66%83%

8%9%

82%81%

CHEMICALS ELECTRONICS IT



Middle East & Gulf Region 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?

Middle East & Gulf Region (Bahrain, Kuwait, Israel, Oman, Qatar, Saudi Arabia, UAE, Yemen) Qatar

Saudi Arabia

56%

69%

20%27%

The jobs market for managers and professionals has improved across the Middle East and Gulf region since the summer with the percentage of organisations hiring at this level rising from 48% in June to 56% now and looks set to climb again in the coming quarter. The proportion of businesses shedding staff is also comfortably low at 20%, three percentage points lower than the global average. The relatively poor economic performance of Yemen also negatively affects the overall figures for the region and this should be taken into account when making comparison with other key geographical markets.

80%89%

24% 27%

49%

89%

21%

43%

Hiring at professional and managerial level in Saudi Arabia has dropped significantly since June when 74% of organisations were recruiting, giving the country the most active job market in the whole of the Middle East/Gulf region. However this drop appears to be the result of a ‘blip’ rather than the herald of a downward trend as 89% of businesses expect to hire in the coming quarter.

53%

75%

9% 13%

UAE

The effects of Qatar’s ‘2030 Vision’ which is designed to move the country away from its traditional dependence on oil and gas appears to be having a beneficial effect on the middle to senior jobs market. Four-fifths of organisations in the country are currently hiring and nearly nine-tenths expect to in the coming quarter meaning that Qatar has now overtaken Saudi Arabia as the busiest jobs market for managers and professionals in the Middle East/Gulf region.

After a slight rise in June to 62% hiring in the UAE has fallen back to around the level registered in January. However employers appear optimistic about the immediate future with three-quarters of those questioned predicting that they will recruit professionals or managers over the next three months. The proportion of businesses shedding staff has also fallen to just 9%, well below the global average of 23%.



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?

Angola Botswana

Egypt

43% 42%36%

21%

Hiring levels in Angola have dropped slightly since the last Global Snapshot, although the percentage of companies recruiting is higher than the 33% predicted earlier in 2010. The number of organisations letting staff go has rocketed to the highest figure in Africa. However with only 2% of companies firing professional staff during the last Snapshot, it perhaps comes as no surprise that organisations would eventually want to get rid of some people. This figure looks set to drop over the next quarter whilst hiring is expected to remain steady.

50%

75%

25% 24%

74%

97%

32% 37%

Egypt now has the strongest level of recruitment in the whole of Africa with 74% of companies taking on new staff – only a slight change since the last Snapshot. The number of organisations letting staff go has increased and looks set to rise even more over the coming quarter. However with a boom in hiring expected over the next few months, the outlook for the Egyptian jobs market still looks very positive.

41%46%

28%22%

Ghana

Exactly as expected in the last Snapshot, half of organisations are now hiring in Botswana, with three quarters expecting to recruit over the next three months. Although the number of companies letting staff go has risen significantly from the 1% recorded last quarter, this figure is in fact lower than in many of Botswana’s neighbouring countries and looks set to remain stable.

Like many of its African neighbours, Ghana has experienced a significant increase in both hiring and firing levels over the last three months as it begins to reassess its managerial workforce. Recovery in the country looks set to continue as recruitment levels are predicted to approach 50% and the number of organisations shedding staff is expected to drop.



Africa Continued... Are you currently hiring at managerial/professional level? Do you expect to hire at managerial/professional level over the coming quarter? Are you currently letting people go at managerial/professional level? Do you expect to let people go at managerial/professional level over the coming quarter?

Kenya

South Africa

38%

75%

13% 13%

The hiring level of 71% predicted in the last Snapshot has not materialised, but the number of companies firing staff has also dropped substantially and is now one of the lowest figures in Africa. The statistics for the remainder of 2010 look positive, with a predicted boost in hiring combined with few organisations expecting to let staff go.

66%75%

19% 19%

63% 64%

11% 10%

As predicted in the last Snapshot, 11% of companies in South Africa are currently letting staff go – the lowest figure in the whole of Africa. However rather than recruitment levels dropping to 35% as predicted, hiring in South Africa actually increased by 24% and now stands at the highest level seen here so far in 2010. Market conditions look set to remain strong over the next few months.

Nigeria has one of the best hiring levels in Africa, and with low rates of firing in the country the recruitment market is looking strong. With more organisations planning to recruit new professional and managerial staff over the coming quarter and the number of companies letting staff go predicted to remain the same, the jobs market looks set to be even stronger by 2011.

Nigeria


Africa


South African Key Sectors 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?

South African Sectors

18%21%

43%71%

5%7%

89%91%

11%

5%68%

53%

61%

81%98%

80%

BANKING CHEMICALS

ENERGY ENGINEERING

19%

5%59%60%

6%10%

39%29%

46%

25%92%

76%

14%

10%62%

71%

FMCG SUPPLY CHAIN

TELECOMS MANUFACTURING



Asia & Indian Subcontinent 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?

China Hong Kong

India

81%74%

27% 26%

Hiring in China has jumped from 72% over the past quarter, significantly more than the 1% rise expected in our last report. With the most hiring activity we have seen all year for the Chinese market, the country now has one of the highest levels of recruitment recorded in this edition of Global Snapshot. The percentage of companies letting managerial staff go has increased by a similar amount and is expected to remain stable over the next three months.

77% 76%

23%30%

76% 81%

20% 19%

Conditions in India seem very positive - the number of companies recruiting here has steadily risen over 2010 form 71% in January and is expected to rise again during the remainder of the year. Although there has been a slight increase in the number of organisations letting staff go, this was predicted in the last Snapshot and looks set to dip slightly over the next quarter.

73% 69%

35% 38%

Japan

The Hong Kong employment market is looking strong with over three quarters of companies currently recruiting managerial and professional staff. Hiring has increased to a higher level than predicted in the last Snapshot and firing rates have remained the same rather than rise as expected, so it seems that economic conditions over the past three months have in fact been more positive than the business world expected.

Like many of its neighbours in Asia, Japan is experiencing high levels of recruitment activity and hiring levels have seen a jump of almost 20% since the last Snapshot just three months ago. The number of companies letting staff go has increased as expected and is predicted to rise again slightly over the next quarter - a trend which the majority of other Asian markets also predict.

Antal Global Snapshot | Edition 7 – November 2010 www.snapshot.antal.com


Asia & Indian Subcontinent Continued... Are you currently hiring at managerial/professional level? Do you expect to hire at managerial/professional level over the coming quarter? Are you currently letting people go at managerial/professional level? Do you expect to let people go at managerial/professional level over the coming quarter?

Malaysia Pakistan

Philippines

78% 74%

35%43%

The recruitment market looks strong in Malaysia with hiring levels climbing and firing rates falling significantly. Over a third of companies are still letting staff go and this is a figure expected to rise but it seems that with such high levels of recruitment across Asia, countries like Malaysia are experiencing this attrition as businesses look to refresh their management teams during the recovery.

62% 60%

32% 34%

80%91%

30%41%

Whereas in the last Snapshot the recruitment market in the Philippines was rather volatile with almost the same amount of companies hiring as firing, these figures show a vast improvement. As expected hiring levels have rocketed with four out of five organisations taking on professional and managerial staff, however counter to expectations, the number of companies letting staff go has in fact dropped by 20%. Although this figure is predicted to rise again, with 91% of companies planning to recruit over the next quarter it seems as though many businesses in the Philippines are renewing their workforces.

79% 77%

25% 25%

Singapore

Hiring and firing levels have changed little since the summer and although recruitment still has not reached the level recorded in January of this year, the number of companies letting staff go is now significantly less than at the beginning of the year. Despite its political challenges, conditions in the professional and managerial jobs market in Pakistan seem stable and are expected to remain so over the next quarter.

Like many of its Asian neighbours, Singapore is experiencing a high level of recruitment, however this is coupled with one of the lowest firing levels in the region. With far more positive figures than expected in the last Snapshot, it is one of only a couple of Asian countries that isn't predicting a rise in the number of businesses letting staff go, indicating a strong and stable employment market.


Asia & Indian Subcontinent Detailed examination of key markets

Asia & Indian Subcontinent Continued... Are you currently hiring at managerial/professional level? Do you expect to hire at managerial/professional level over the coming quarter? Are you currently letting people go at managerial/professional level? Do you expect to let people go at managerial/professional level over the coming quarter?

Thailand

30%

53%77%

85%

28%29%

85%86%

16%

25%70%

79%

86% 85%

43% 51%

9%9%

82%73%

BANKING PHARMACEUTICAL

MANUFACTURING PROFESSIONAL SERVICES

China Sectors Key Sectors

India Sectors Key Sectors

11%

33%83%

72%

18%

13%81%

73%

13%13%

88%75%

34%

42%82%84%

ENGINEERING FMCG

MANUFACTURING IT

Not only has the level of hiring in Thailand more than doubled since the last Global Snapshot, the country now has the highest level of recruitment in Asia and this shows no signs of declining. However this is coupled with a significant increase in the number of organisations letting staff go, which is also the highest in the region, indicating that the Thai market may need more time to stabilise and reorganise its management teams.

Antal Global Snapshot | Edition 7 – November 2010 www.snapshot.antal.com


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

46% 47%

23%

42%

Argentina has the lowest level of hiring in the Americas, however there are also the fewest number of companies letting staff go here. With recruiting levels expected to remain the same and firing levels predicted to rise it seems that employers are becoming more cautious and looking to swap existing personnel for new talent over the rest of 2010.

70% 71%

28% 30%

76%67%

42%48%

The number of organisations hiring in Canada has remained the same since the last Snapshot and at 76% this level of hiring is the highest in the Americas. With the level of firing also the highest in the region, the Canadian jobs market continues to show a lot of activity taking place. Recruitment looks set to remain strong although with a lot of companies planning to let staff go it looks as though Canada is still trying to get the right mix of staff for its workforce.

52% 55%

24%

38%

Mexico

Once again, recruitment levels in Brazil have improved and look set to remain strong over the next quarter. The number of organisations letting staff go has decreased rather than risen as was predicted in the last Snapshot and is expected to remain relatively steady over the coming months.

Mexico has experienced a drop in both hiring and firing levels but still has a relatively strong recruitment market. As in the rest of the Americas, the number of organisations letting staff go is expected to rise over the coming quarter, although it is predicted that the number taking on new staff will also increase slightly.



The Americas Continued... Are you currently hiring at managerial/professional level? Do you expect to hire at managerial/professional level over the coming quarter? Are you currently letting people go at managerial/professional level? Do you expect to let people go at managerial/professional level over the coming quarter?

USA

66% 68%

33% 36%

As predicted in the last Snapshot, hiring in the United States has risen slightly to 66% and firing levels have dropped. With the amount of companies taking on professional and managerial staff at the highest level it has been all year, this figure is expected to improve over the coming quarter, indicating that the US employment market is continuing to recover slowly.



Australasia 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 New Zealand

78%71%

33% 37%

The level of hiring of professionals and managers in Australia has risen from 69% in June to a figure well ahead of the global average of 57%, demonstrating the continuing robustness of the Australian economy. At the same time the proportion of businesses shedding staff has fallen from 41% in June to just 33% now.

74%

58%

42%53%

The jobs market for professionals and managers in New Zealand is performing almost as well as that in neighbouring Australia with hiring up from 67% in June to 74% now and the proportion of businesses shedding staff dropping from 67% to 42%.


THE ‘ANTAL GLOBAL SNAPSHOT’ THE CURRENT PICTURE

Winners and Losers – Regions

In line with the ongoing shift of economic power to the East, the most active region was Asia-Pacific where 77% of organisations were hiring at professional or managerial level, up from 65% in June. Australasia followed close behind with 76% of companies recruiting at this level. In strong contrast, Western Europe could only muster a score of 58% although this demonstrated a distinct rise in hiring activity from 45% in the summer.

Winners and Losers – Sectors

Across the globe the sectors with the highest levels of recruitment at professional and managerial level were:

1) Healthcare 2) Renewable energy 3) Bio-technology 4) Retail 5) Professional services

The lowest were government (excluding healthcare and education, newspapers and magazines, utilities and music and entertainment.

Global Snapshot – The Worldwide Picture

• Are you currently hiring at managerial/professional level? – 57%

• Are you currently letting people go at managerial/professional level? – 23%


THE ‘ANTAL GLOBAL SNAPSHOT’ THE OUTLOOK

Winners and losers – Regions

Hiring levels expected in the next three months look promising with 57% of organisations globally looking to increase their headcount. The most active region is Asia with 76% expected to recruit at managerial or professional level, up from 72% in June. The Gulf region follows close behind with 69% of companies looking to recruit at professional or managerial level. In contrast, organisations in Western Europe are only expected to see a 58% hiring level in the next three months although this is rise from the recorded 51% in June.

Global Snapshot – the worldwide picture

Do you expect to hire at managerial/professional level over the coming quarter? – 58%

Do you expect to let people go at managerial/professional level over the coming quarter? – 25%


THE ‘ANTAL GLOBAL SNAPSHOT’

Conclusion A cautious recovery If you turn down the TV and the radio for long enough you may hear a faint, but distinct, whistling sound somewhere in the background. Don’t worry, it’s nothing sinister. It’s just the world emitting a communal sigh of relief. No-one is likely to be brave, or foolish, enough to say that our economic troubles are over. Particularly if they are based in Greece, Ireland, Hungary or any of the other nations bearing the brunt of painful budgetary cuts at the moment. But it does seem as if we have avoided the financial Armageddon that seemed all too real a prospect from late 2008 to the early months of 2009. In the professional and managerial jobs market this has been reflected by a slow, but steady, increase in activity since September 2009. In this latest edition of Global Snapshot hiring at this level around the world has risen once again, with 57% or organisations in the process of hiring in comparison to 54% in June. At the same time the proportion of employers shedding staff has remained fairly stable, only rising one percentage point since June. In a continuing demonstration of shifting economic power in the 21st century, it is the rising stars of the developing world which continue to lead the way to sustained recovery. Both China and India are recording very high levels of demand for professionals and managers, as is their fellow BRIC member, Brazil on the other side of the world. For chief executives and HR directors around the globe, the key business challenge is already shifting away from headcount reduction or containment to how to source the talent they will need in improving markets. The war for talent, which had dwindled to little more than an insignificant skirmish, has already broken out once again. Contact If you would like any further information about material included in this report or would like to reserve a copy of the next ‘Global Snapshot’, contact James Griffin at [email protected] or your local Antal office – see www.antal.com for more details. James Griffin Antal International 64 Baker Street London W1U 7GB Tel: +44 (0)207 467 2520 Fax: +44 (0)207 467 2521 Email: [email protected] www.antal.com www.snapshot.antal.com

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