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Edition 7 - November 2010
                                                  snapshot.antal.com




ANTAL GLOBAL
SNAPSHOT
A survey of hiring and firing trends in key
employment markets around the world.
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


           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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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

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Ags Ed7 English

  • 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