1. Edition 7 - November 2010
snapshot.antal.com
ANTAL GLOBAL
SNAPSHOT
A survey of hiring and firing trends in key
employment markets around the world.
2. 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
3. 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
61% 63% 63% 61%
33% 35%
27% 27%
The level of managerial and professional hiring has The hiring picture in Belgium is still quite positive despite a
increased from 47% to 61% in the last quarter and the drop from 66% in June and Belgium now has the joint
percentage of organisations intending to hire in the next highest rate of hiring in Western Europe alongside its
three months has increased dramatically from 43% to neighbour Luxembourg. The proportion of organisations
63%. However the percentages of employers letting staff shedding staff or expecting to do so over the next quarter
go and of those intending to let staff go in the next three has also fallen since the summer from 28% and 30%
months has also risen from 28% and 29% respectively. respectively.
France Germany
56% 57%
32% 31%
33%
26%
12% 13%
The percentage of organisations recruiting professional Despite the relative success of Germany’s social market
and managerial staff in France has increased slightly economy, the proportion of organisations hiring at
since the summer, up from 53% to 56% now and future professional and managerial level has slipped from 41% in
hiring intentions are also stronger, up slightly from 56% in the summer to 32% now and is set to drop again slightly
June. The proportion of businesses intending to shed staff over the coming quarter. However this somewhat negative
is only slightly higher than the regional average of 22% news is balanced by a percentage of employers shedding
but looks set to rise over the next three months. staff which is much lower than the regional average of
22%.
Antal Global Snapshot | Edition 7 November 2010 www.snapshot.antal.com
4. THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 52 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
54% 57%
63%
50%
38%
23% 31%
17%
Hiring levels have risen once again from 47% in June to After a shaky summer when hiring fell dramatically from
54% now and intentions to hire have also improved – up the 58% level recorded in January to just 29% the jobs
from 47% in the summer to 57% now. The percentage of market for professionals and managers in Luxembourg
organisations shedding staff at professional and has made a clear recovery. The country now has the
managerial level has remained stable at 17% although highest level of recruitment in Western Europe alongside
there appear to be signs that this may rise slightly over the its neighbour, Belgium.
coming three months.
Malta Netherlands
53% 55%
52% 52%
29% 29%
24%
19%
When we last reported on Malta in June its jobs market After peaking at 63% in June the level of hiring in the
had all but ground to a halt with only 6% of organisations Netherlands has slipped back to that registered in January
recruiting at professional or managerial level, although this year. However the professional and managerial jobs
there were signs of optimism about the future. Fortunately market still remains much more active than in 2009 and
this optimism has turned out to be well placed and looks set to improve, albeit marginally, over the coming
prospects also look good for the coming quarter. quarter. The percentage of employers reducing current
head count has slowly decreased since the beginning of
the year and currently sits at 24%.
Antal Global Snapshot | Edition 7 November 2010 www.snapshot.antal.com
5. THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 52 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?
Portugal Spain
37%
42% 34%
37% 28% 27%
29%
20%
The level of professional and managerial hiring in Portugal Despite Spain’s continuing economic problems the
has risen steadily since the summer from 36% to 42% percentage of organisations hiring at professional and
currently, although this is expected to fall over the coming managerial level has risen once again from 31% in June
quarter. On a more positive note the percentage of to 37% now. However the proportion of companies
businesses shedding staff has fallen from 25% in June to shedding staff has risen slightly from 26% in the summer
just 20% now, below the regional average of 22%. to 28% now.
Switzerland United Kingdom
60% 61% 61% 63%
32% 34%
27%
18%
Although hiring levels in Switzerland are slightly down Overall current hiring is up marginally from 60% in June to
from the high of 64% in January they still remain very 61% and confidence about the future is much stronger
healthy and on a par with those registered in June. At the than at the beginning of the year when only 52% of
same time the percentage of businesses shedding staff is businesses envisaged recruiting in the coming quarter as
down from 32% at the beginning of the year to just 18% opposed to 63% now. However organisations are also
now, well below the regional average of 22%. 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%.
Antal Global Snapshot | Edition 7 November 2010 www.snapshot.antal.com
6. 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
73%
38% 51%
36% 37% 35%
18% 22% 19%
27% 34% 12%
BANKING ENERGY MANUFACTURING
Italian Sectors
53% 38% 51%
46% 51% 82%
14% 8% 4%
16% 23% 28%
MANUFACTURING PROFESSIONAL
BANKING
SERVICES
Spanish Sectors
43%
11% 39%
20% 33% 44%
69% 17% 34%
68% 22% 22%
BANKING MANUFACTURING PROFESSIONAL
SERVICES
UK Sectors
75% 62% 71%
77% 54% 86%
33% 38% 14%
28% 37% 29%
TELECOMS MANUFACTURING IT
83% 82%
84% 84%
66% 48%
60% 53%
ENERGY BANKING AND FINANCE
Antal Global Snapshot | Edition 7 November 2010 www.snapshot.antal.com
7. THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 52 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
52%
49%
44% 44%
19% 17%
16% 14%
As predicted, professional and managerial hiring levels The level of hiring in Croatia has risen noticeably since
have dipped slightly from a 47% high registered in June. the summer when only 32% of businesses were recruiting
However employers seem optimistic about the future with professionals or managers. The percentage of
52% expecting to hire over the next three months. The businesses shedding staff has also fallen from 20% in
percentage of businesses letting people go has remained June to 17% now and this downward trend looks set to
stable but looks set to fall over the coming quarter to a continue over the coming quarter.
figure well below the regional average of 30%.
Czech Republic Hungary
27% 28%
68%
61%
52%
17% 18%
42%
Hiring levels in Czech Republic have been rising steadily Despite Hungary’s ongoing economic problems there are
since the beginning of the year and are up from 61% signs of improvement in the professional and managerial
registered in the summer. However the percentage of jobs market with hiring levels up from just 19% in June to
organisations shedding staff has risen substantially since 27% now and the prospect of a further marginal rise over
June from just 23% suggesting an increasing rate of ‘churn’ the coming quarter. The proportion of businesses
in the professional and managerial jobs market. shedding staff is also down from 20% in the summer to
just 17% now.
Antal Global Snapshot | Edition 7 November 2010 www.snapshot.antal.com
8. THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 52 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
54% 53%
50% 51%
29% 31%
13% 13%
The percentage of organisations hiring at professional and Hiring levels in Romania have remained steady since the
managerial level is up for the first time since January from summer when almost exactly the same percentages of
47% to 54% now and looks set to remain steady over the businesses were recruiting at professional and managerial
next three months. The proportion of businesses shedding level. However the proportion of organisations shedding
staff also remains low, well below the regional average of staff has risen from just 20% in June to 29% now and
24% and the lowest level recorded in any country looks set to rise again to 31% over the coming quarter.
surveyed in Eastern Europe and Eurasia.
Russia Serbia
75% 77% 58%
47%
45%
40%
21% 20%
After a slight drop in hiring levels to 66%, the percentage Although activity in the Serbian jobs market was
of organisations recruiting professionals or managers has exceptionally low in the summer at just 24%, predictions
rebounded to 75% and is set to rise again to 77% over the of an increase in hiring have been almost exactly fulfilled
coming quarter. Hiring levels are the fourth highest in the with 47% of organisations now recruiting at professional or
Eastern Europe/Eurasia region, exceeded only by those managerial level. However this has also brought about an
registered in Slovakia, Ukraine and Israel. However the increase in the proportion of businesses shedding staff, up
proportion of businesses shedding staff has risen from 16% in June to 21% now.
significantly from 33% in the summer to 45% now
although this is predicted to fall to 40% over the next three
months.
Antal Global Snapshot | Edition 7 November 2010 www.snapshot.antal.com
9. THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 52 key markets surveyed.
Eastern Europe & Eurasia Continued...
Are you currently hiring at managerial/professional level?
Do you expect to hire at managerial/professional level over the coming quarter?
Are you currently letting people go at managerial/professional level?
Do you expect to let people go at managerial/professional level over the coming quarter?
Slovakia Slovenia
76% 72% 69% 69%
36%
32% 31%
27%
Hiring levels in Slovakia have risen significantly since Hiring levels in Slovenia have risen significantly since
June when only 54% of organisations were hiring at June when only 44% of companies were hiring
professional and managerial level and are now the third professionals or managers. However, as seen in other
highest in the Eastern Europe/Eurasia region, exceeded states this improvement in the jobs market has also led to
only by those in Ukraine and Israel. However the a rise in the proportion of businesses shedding staff, up
proportion of businesses shedding staff has also risen from just 11% in June to 27% now.
from just 20% in June to 36% now.
Turkey Ukraine
74%
69% 83%
79%
52%
45%
17% 19%
Professional and managerial hiring levels in Turkey have Hiring levels in Ukraine have climbed from 68% in June
leapt up dramatically since the last time Snapshot and the country now has the highest recruitment rate in
surveyed the country in June when only 29% of the Eastern European/Eurasian region and is well ahead
companies were recruiting and activity seems likely to of the global average of just 59%. However this activity
remain high over the next three months. The proportion of has also led to a much higher proportion of businesses
businesses shedding staff has risen slightly from just 10% shedding staff, up from 30% in June to 45% now and set
recorded in the summer but the current figure is still to rise to 52% over the coming quarter.
comfortably under the regional average of 24%.
Antal Global Snapshot | Edition 7 November 2010 www.snapshot.antal.com
10. THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 52 key markets surveyed.
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?
Israel
79% 82%
28%
23%
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.
Eastern Europe & Eurasia
Regional Averages
57% 60%
28%
23%
Antal Global Snapshot | Edition 7 November 2010 www.snapshot.antal.com
11. EASTERN EUROPE
Detailed examination of key markets
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
59% 53% 71%
43% 55% 60%
6% 13% 30%
5% 11% 20%
AUTOMOTIVE BANKING ENGINEERING
47% 58% 55%
61% 47% 58%
16% 16% 19%
18% 19% 49%
IT - SOFTWARE PHARMACEUTICALS TELECOMS
Russian Sectors
67% 63% 25%
68% 88% 90%
33% 62% 24%
2% 75% 4%
CHEMICALS ENERGY ENGINEERING
Turkish Sectors
60% 83% 81%
62% 66% 82%
20% 15% 9%
18% 14% 8%
CHEMICALS ELECTRONICS IT
Antal Global Snapshot | Edition 7 November 2010 www.snapshot.antal.com
12. THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 52 key markets surveyed.
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
69% 89%
80%
56%
27%
20% 24% 27%
The jobs market for managers and professionals has The effects of Qatar’s ‘2030 Vision’ which is designed to
improved across the Middle East and Gulf region since move the country away from its traditional dependence on
the summer with the percentage of organisations hiring at oil and gas appears to be having a beneficial effect on the
this level rising from 48% in June to 56% now and looks middle to senior jobs market. Four-fifths of organisations
set to climb again in the coming quarter. The proportion of in the country are currently hiring and nearly nine-tenths
businesses shedding staff is also comfortably low at 20%, expect to in the coming quarter meaning that Qatar has
three percentage points lower than the global average. now overtaken Saudi Arabia as the busiest jobs market for
The relatively poor economic performance of Yemen also managers and professionals in the Middle East/Gulf
negatively affects the overall figures for the region and this region.
should be taken into account when making comparison
with other key geographical markets.
Saudi Arabia UAE
89% 75%
53%
49%
43%
21% 13%
9%
Hiring at professional and managerial level in Saudi After a slight rise in June to 62% hiring in the UAE has
Arabia has dropped significantly since June when 74% of fallen back to around the level registered in January.
organisations were recruiting, giving the country the most However employers appear optimistic about the
active job market in the whole of the Middle East/Gulf immediate future with three-quarters of those questioned
region. However this drop appears to be the result of a predicting that they will recruit professionals or managers
‘blip’ rather than the herald of a downward trend as 89% over the next three months. The proportion of businesses
of businesses expect to hire in the coming quarter. shedding staff has also fallen to just 9%, well below the
global average of 23%.
Antal Global Snapshot | Edition 7 November 2010 www.snapshot.antal.com
13. THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 52 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?
Angola Botswana
75%
43% 42%
36%
50%
21%
25% 24%
Hiring levels in Angola have dropped slightly since the last Exactly as expected in the last Snapshot, half of
Global Snapshot, although the percentage of companies organisations are now hiring in Botswana, with three
recruiting is higher than the 33% predicted earlier in 2010. quarters expecting to recruit over the next three months.
The number of organisations letting staff go has rocketed Although the number of companies letting staff go has
to the highest figure in Africa. However with only 2% of risen significantly from the 1% recorded last quarter, this
companies firing professional staff during the last figure is in fact lower than in many of Botswana’s
Snapshot, it perhaps comes as no surprise that neighbouring countries and looks set to remain stable.
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.
Egypt Ghana
46%
97% 41%
74%
28%
22%
32% 37%
Egypt now has the strongest level of recruitment in the whole Like many of its African neighbours, Ghana has
of Africa with 74% of companies taking on new staff – only a experienced a significant increase in both hiring and firing
slight change since the last Snapshot. The number of levels over the last three months as it begins to reassess
organisations letting staff go has increased and looks set to its managerial workforce. Recovery in the country looks
rise even more over the coming quarter. However with a set to continue as recruitment levels are predicted to
boom in hiring expected over the next few months, the approach 50% and the number of organisations shedding
outlook for the Egyptian jobs market still looks very positive. staff is expected to drop.
Antal Global Snapshot | Edition 7 November 2010 www.snapshot.antal.com
14. THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 52 key markets surveyed.
Africa Continued...
Are you currently hiring at managerial/professional level?
Do you expect to hire at managerial/professional level over the coming quarter?
Are you currently letting people go at managerial/professional level?
Do you expect to let people go at managerial/professional level over the coming quarter?
Kenya Nigeria
75% 75%
66%
38%
19% 19%
13% 13%
The hiring level of 71% predicted in the last Snapshot has Nigeria has one of the best hiring levels in Africa, and with
not materialised, but the number of companies firing staff low rates of firing in the country the recruitment market is
has also dropped substantially and is now one of the looking strong. With more organisations planning to recruit
lowest figures in Africa. The statistics for the remainder of new professional and managerial staff over the coming
2010 look positive, with a predicted boost in hiring quarter and the number of companies letting staff go
combined with few organisations expecting to let staff go. predicted to remain the same, the jobs market looks set to
be even stronger by 2011.
South Africa
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.
Antal Global Snapshot | Edition 7 - November 2010 www.snapshot.antal.com
15. Africa
Detailed examination of key markets
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
91% 53%
89% 68%
7% 5%
5% 11%
BANKING CHEMICALS
80% 71%
98% 43%
81% 21%
61% 18%
ENERGY ENGINEERING
60% 29%
59% 39%
5% 10%
19% 6%
FMCG
SUPPLY CHAIN
76% 71%
92% 62%
25% 10%
46% 14%
TELECOMS MANUFACTURING
Antal Global Snapshot | Edition 7 - November 2010 www.snapshot.antal.com
16. THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 52 key markets surveyed.
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
81% 77%
74% 76%
27% 26% 30%
23%
Hiring in China has jumped from 72% over the past The Hong Kong employment market is looking strong with
quarter, significantly more than the 1% rise expected in over three quarters of companies currently recruiting
our last report. With the most hiring activity we have seen managerial and professional staff. Hiring has increased to
all year for the Chinese market, the country now has one a higher level than predicted in the last Snapshot and
of the highest levels of recruitment recorded in this edition firing rates have remained the same rather than rise as
of Global Snapshot. The percentage of companies letting expected, so it seems that economic conditions over the
managerial staff go has increased by a similar amount past three months have in fact been more positive than
and is expected to remain stable over the next three the business world expected.
months.
India Japan
73%
69%
81%
76%
35% 38%
20% 19%
Conditions in India seem very positive - the number of Like many of its neighbours in Asia, Japan is experiencing
companies recruiting here has steadily risen over 2010 form high levels of recruitment activity and hiring levels have
71% in January and is expected to rise again during the seen a jump of almost 20% since the last Snapshot just
remainder of the year. Although there has been a slight three months ago. The number of companies letting staff
increase in the number of organisations letting staff go, this go has increased as expected and is predicted to rise
was predicted in the last Snapshot and looks set to dip again slightly over the next quarter - a trend which the
slightly over the next quarter. majority of other Asian markets also predict.
Antal Global Snapshot | Edition 7 - November 2010 www.snapshot.antal.com
17. THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 52 key markets surveyed.
Asia & Indian Subcontinent Continued...
Are you currently hiring at managerial/professional level?
Do you expect to hire at managerial/professional level over the coming quarter?
Are you currently letting people go at managerial/professional level?
Do you expect to let people go at managerial/professional level over the coming quarter?
Malaysia Pakistan
78% 74% 62% 60%
43% 32% 34%
35%
The recruitment market looks strong in Malaysia with Hiring and firing levels have changed little since the
hiring levels climbing and firing rates falling significantly. summer and although recruitment still has not reached the
Over a third of companies are still letting staff go and this level recorded in January of this year, the number of
is a figure expected to rise but it seems that with such companies letting staff go is now significantly less than at
high levels of recruitment across Asia, countries like the beginning of the year. Despite its political challenges,
Malaysia are experiencing this attrition as businesses look conditions in the professional and managerial jobs market
to refresh their management teams during the recovery. in Pakistan seem stable and are expected to remain so
over the next quarter.
Philippines Singapore
91%
80% 79% 77%
41%
30%
25% 25%
Whereas in the last Snapshot the recruitment market in Like many of its Asian neighbours, Singapore is
the Philippines was rather volatile with almost the same experiencing a high level of recruitment, however this is
amount of companies hiring as firing, these figures show a coupled with one of the lowest firing levels in the region.
vast improvement. As expected hiring levels have With far more positive figures than expected in the last
rocketed with four out of five organisations taking on Snapshot, it is one of only a couple of Asian countries that
professional and managerial staff, however counter to isn't predicting a rise in the number of businesses letting
expectations, the number of companies letting staff go has staff go, indicating a strong and stable employment
in fact dropped by 20%. Although this figure is predicted to market.
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.
Antal Global Snapshot | Edition 7 – November 2010 www.snapshot.antal.com
18. 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 Not only has the level of hiring in Thailand more than
doubled since the last Global Snapshot, the country
86% 85% now has the highest level of recruitment in Asia and
this shows no signs of declining. However this is
51% coupled with a significant increase in the number of
43% 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.
China Sectors Key Sectors
85% 86%
77% 85%
53% 29%
30% 28%
BANKING PHARMACEUTICAL
79% 73%
70% 82%
25% 9%
16% 9%
MANUFACTURING PROFESSIONAL
SERVICES
India Sectors Key Sectors
72% 73%
83% 81%
33% 13%
11% 18%
ENGINEERING FMCG
75% 84%
88% 82%
13% 42%
13% 34%
MANUFACTURING IT
Antal Global Snapshot | Edition 7 - November 2010 www.snapshot.antal.com
19. THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 52 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
46% 47% 70% 71%
42%
23%
28% 30%
Argentina has the lowest level of hiring in the Americas, Once again, recruitment levels in Brazil have improved
however there are also the fewest number of companies and look set to remain strong over the next quarter. The
letting staff go here. With recruiting levels expected to number of organisations letting staff go has decreased
remain the same and firing levels predicted to rise it rather than risen as was predicted in the last Snapshot
seems that employers are becoming more cautious and and is expected to remain relatively steady over the
looking to swap existing personnel for new talent over the coming months.
rest of 2010.
Canada Mexico
76% 55%
67% 52%
48% 38%
42%
24%
The number of organisations hiring in Canada has Mexico has experienced a drop in both hiring and firing
remained the same since the last Snapshot and at 76% levels but still has a relatively strong recruitment market.
this level of hiring is the highest in the Americas. With the As in the rest of the Americas, the number of
level of firing also the highest in the region, the Canadian organisations letting staff go is expected to rise over the
jobs market continues to show a lot of activity taking coming quarter, although it is predicted that the number
place. Recruitment looks set to remain strong although taking on new staff will also increase slightly.
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.
Antal Global Snapshot | Edition 7 – November 2010 www.snapshot.antal.com
20. THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 52 key markets surveyed.
The Americas Continued...
Are you currently hiring at managerial/professional level?
Do you expect to hire at managerial/professional level over the coming quarter?
Are you currently letting people go at managerial/professional level?
Do you expect to let people go at managerial/professional level over the coming quarter?
USA
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.
Antal Global Snapshot | Edition 7 - November 2010 www.snapshot.antal.com
21. THE ‘ANTAL GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 52 key markets surveyed.
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
74%
78%
71% 58%
53%
42%
33% 37%
The level of hiring of professionals and managers in The jobs market for professionals and managers in New
Australia has risen from 69% in June to a figure well Zealand is performing almost as well as that in
ahead of the global average of 57%, demonstrating the neighbouring Australia with hiring up from 67% in June to
continuing robustness of the Australian economy. At the 74% now and the proportion of businesses shedding staff
same time the proportion of businesses shedding staff has dropping from 67% to 42%.
fallen from 41% in June to just 33% now.
Antal Global Snapshot | Edition 7 - November 2010 www.snapshot.antal.com
22. 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%
Antal Global Snapshot | Edition 7 - November 2010 www.snapshot.antal.com
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%
Antal Global Snapshot | Edition 7 - November 2010 www.snapshot.antal.com
24. 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 snapshot@antal.com 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: Snapshot@antal.com
www.antal.com
www.snapshot.antal.com
Antal Global Snapshot | Edition 7 - November 2010 www.snapshot.antal.com