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Edition 12 - July/August 2012
                                                  snapshot.antal.com




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

                                                        Introduction

                                                  Introduction - Page 1



                The Local Picture                                                  Key Sectors

   Western Europe                                                  Most Active Hiring Sectors - Page 14
   Austria, Belgium, Denmark, Finland &
   France - Page 2                                                 Western Europe
   Germany, Greece, Iceland, Ireland &                             Germany - Pages 15 & 16
   Italy - Page 3                                                  Italy - Pages 17 & 18
   Luxembourg, Malta, Netherlands, Norway &                        Netherlands - Page 19
   Portugal - Page 4                                               Spain - Pages 20 & 21
   Spain, Sweden, Switzerland & UK - Page 5                        UK - Pages 22 & 23

   CEE & Eurasia                                                   CEE & Eurasia
   Bulgaria, Croatia, Czech Republic, Hungary &                    Bulgaria – Page 24
   Israel - Page 6                                                 Hungary – Page 25
   Poland, Romania, Russia & Turkey - Page 7                       Poland - Pages 26 & 27
                                                                   Romania - Page 28
   Middle East & Africa
   Egypt, Qatar, Saudi Arabia, South Africa &                      Middle East & Africa
   UAE - Page 8                                                    UAE - Page 29
                                                                   South Africa - Pages 30 & 31
   Asia Pacific
   Australia, China, India & Japan - Page 9                        Asia Pacific
   Malaysia, New Zealand, Pakistan &                               China - Pages 32 & 33
   Philippines - Page 10                                           India - Pages 34 & 35
   Singapore, South Korea & Taiwan - Page 11                       Philippines - Page 36
                                                                   Singapore - Page 37
   The Americas
   Argentina, Brazil & Canada - Page 12
   Chile, Mexico & USA - Page 13




                                          Disciplines and Functions

                                             Expecting to HIRE in Q3 - Page 38
                                             Expecting to FIRE in Q3 - Page 39




                                                    Conclusions

                          Winners & Losers by Regions, Countries & Sectors - Pages 40, 41 & 42
                                               The Conclusion - Page 43




Antal Global Snapshot | Edition 12 - July/August 2012                                         www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’


Introduction
The 'Antal Global Snapshot' is a regular survey of hiring (and firing) trends in some of the world's most important
employment markets and in those likely to join this group over the coming decade. This twelfth report in the series is
based upon material sourced from more than 20,000 businesses in commerce, industry and the financial services
sector in 50 key countries on five continents.

We hope that you find it both interesting and useful.




Chairman and CEO
Antal International




About Antal International
Founded in 1993, Antal International is a management and professional recruitment specialist with a particular focus
on the sourcing and retention of candidates in the 'Generation Y' bracket. One of the first recruitment organisations to
devote substantial resources to emerging markets, the company now has over 100 offices in more than 30 countries
and works with many of the world's most successful and ambitious employers.




Methodology
This edition of the 'Antal Global Snapshot' is based upon survey forms and telephone interviews completed by line
and HR Managers in 20546 companies, professional partnerships and financial institutions across 50 countries in
June and July 2012.

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




Antal Global Snapshot | Edition 12 - July/August 2012     Page 1                             www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
                                          The local picture from 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
    The Austrian job market has experienced a good quarter over the last three
    months. The percentage of companies currently taking on new staff at a
    managerial / professional level is up from 43% to 49%, despite predictions       49%       44%
    in March’s Snapshot that these would drop to 40%. The number of
                                                                                                       26%      25%
    businesses shedding staff has also fallen from 35% to 26%; a notably larger
    drop than the 1% expected. This figure is set to remain stable over the
    coming three months with predicted Austrian firing rates standing at 25%.




          Belgium
    Recruitment levels in Belgium have recovered well this quarter, with 54% of
    companies hiring new employees in the lead up to this July’s Snapshot.
                                                                                     54%
    Hiring rates are expected to return to 46% over the next few months but                    46%
    whether this occurs in reality is yet to be seen. On the other side of the                         27%
    Belgium job market, firing levels are also down slightly this quarter and are
                                                                                                                24%
    expected to continue falling to 24% in the near future, indicating a higher
    level of stability for those already employed by Belgium companies.




          Denmark
    The employment market in Denmark has experienced a significant boom in           75%       74%     69%
    hiring rates over the last three months. The percentage of businesses
    taking on new staff has leapt from 51% to an impressive 75% this July; with                                 52%
    74% of companies intending to hire over the coming quarter. The number of
    businesses in Denmark letting staff go recently has also jumped
    considerably from 35% to 69%; although this is most likely a result of the
    recent recruitment boom. Firing rates are expected to fall quite dramatically
    over the coming few months, however, to just above 50%.


          Finland
    After something of a lull in employment rates last quarter, the percentage of
    companies hiring new managerial / professional staff has returned to a           61%               56%
    respectable 61% this July. This is against the predictions made in last                    49%              51%
    quarter’s Snapshot that hiring levels would drop to just 45%. The number of
    businesses in Finland letting staff go has also risen to a high of 56% in this
    edition of Snapshot. The next few months are expected to bring better news
    though, with firing rates in Finland starting to decrease again to 51%.




          France
    As with a number of its European neighbours, hiring rates in France have
    recovered well over the last three months. 52% of French businesses are
    currently recruiting new staff at a managerial / professional level and 53%      52%       53%
    are looking to do so over the coming months. As predicted, the number of                           31%      32%
    French companies shedding staff has remained more or less stable in this
    July’s Snapshot and the next three months should bring more of the same.




Antal Global Snapshot | Edition 12 - July/August 2012                   Page 2                        www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
                                           The local picture from 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?



          Germany
    The percentage of German companies hiring new employees has fallen
    slightly this quarter, though to a lesser degree than expected. Recruitment
    rates currently stand at 27% as opposed to the 22% predicted in March’s
    Snapshot. In a similar trend, firing rates have also dropped slightly over the
                                                                                       27%
    last few months to just 5%, giving Germany the lowest job cut figures in                   18%
    comparison to any other country surveyed around the world.                                         5%       5%




          Greece
    In line with the country’s current economic uncertainty, hiring levels in
    Greece have fallen somewhat over the last three months to 33%. This
    situation is expected to improve quite significantly over the coming quarter               47%              53%
                                                                                                       44%
    however, with nearly half of Greek businesses looking to recruit at a              33%
    managerial level in the near future. The degree of job cuts in Greece has
    remained higher than the 38% seen at close of last year. This current figure
    of 44% is not the highest in the region though, with some firing rates
    reaching the fifties.



          Iceland                                                                      94%     90%
    Iceland currently boasts the highest recruitment levels of anywhere in the
    world, with an impressive 94% of businesses in this country taking on new
    staff. The next few months are expected to see Iceland retain this title with
    the number of companies looking to hire during this period set at 90%. On                                   32%
    the other side of the job market, the percentage of businesses in Iceland
                                                                                                       13%
    cutting job numbers in this July’s Snapshot is notably lower than many of its
    neighbouring countries. At present, firing levels stand at just 13%; though
    this figure is expected to increase as the year comes to a close.



          Ireland
    Ireland’s hiring rates have recovered significantly over the last three months
    from 43% to a respectable 63%. The percentage of companies currently               63%     63%
    letting staff go has also stayed steady for this July’s Snapshot, showing the
    Irish employment market is rightsizing. The outlook is predicted to remain                         35%      33%
    positive for the coming quarter, with recruitment levels and job cut rates
    staying more or less the same, signifying a good level of stability in the Irish
    job market.




          Italy
    The percentage of Italian companies hiring at a managerial level has
    remained steady this quarter, rising 1% to 43%. Job losses have also risen
    during this time by a greater margin than expected. The number of                  43%     43%
    companies in Italy shedding staff at this time stands at 20%, up from a low
    of 11%. In comparison with the rest of Western Europe however, Italy’s                             20%      20%
    firing rates are markedly lower than many of its neighbouring countries and
    only 2% above the global average calculated for the current Snapshot.




Antal Global Snapshot | Edition 12 - July/August 2012                    Page 3                       www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
                                          The local picture from 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?



          Luxembourg
    Rates of recruitment and job loss in Luxembourg have both increased by a
    modest 7% over the last few months. The percentage of companies in this
                                                                                      57%
    country taking on new staff has risen from 50% to 57% for this July’s
                                                                                               43%              37%
    Snapshot, while firing levels currently stand at 30%. Hiring rates for                             30%
    Luxembourg are predicted to fall below the 50% mark over the following
    quarter. Whether this happens in reality, however, is yet to be seen.




          Malta
    Hiring rates have been better than expected in Malta this quarter. Despite
    predictions in March’s Snapshot that recruitment levels would fall to 42%,
                                                                                      56%              56%      56%
    the percentage of companies employing new staff has risen to 56%. Again,                   44%
    this figure is expected to drop below 50% over the coming few months. In
    terms of job cuts, Maltese firing levels currently stand at 56%; considerably
    higher than the 27% seen at the close of 2011. No further increases are
    expected over the next three months however, indicating the Maltese job
    market may be beginning to rightsize.



          Netherlands
    Mirroring the picture in many of its Western European neighbours, the
    Dutch job market has grown substantially this quarter, with employment
    rates rising 15% over the last three months. The percentage of companies
                                                                                      55%      49%
    currently taking on new staff at a managerial / professional level now stands
    at 55%; the highest it has been in over a year. On the other side of the                           24%      24%
    employment market, Dutch job loss rates have remained relatively low at
    24%. Over the next few months, the number of businesses intending to
    recruit is expected to fall by 6%, but firing rates should remain stable at



          Norway
    As July’s figures show, the Norwegian employment market is experiencing
    significant activity at the moment. Hiring rates in Norway have increased         60%      56%
    from 48% to a respectable 60%, indicating more companies are taking on                             51%
                                                                                                                44%
    new staff at a managerial or professional level. In parallel with this however,
    the percentage of Norwegian businesses letting staff go has also risen quite
    dramatically from 29% to 51%, signalling a high level of turnover in the
    Norwegian job market at this time. Nevertheless, things are set to get better
    over the coming quarter with Norwegian firing rates taking a downturn to
    44%.


          Portugal
    As predicted, the level of recruitment in Portugal has risen slightly over the
    last three months, with current hiring rates standing at 37%. Those already
    employed in the Portuguese job market have not experienced the predicted
    rise in job loss rates, however, with these figures actually falling by 1% to     37%      31%     35%      32%
    35%. This downward trend is expected to continue for the near future with
    Portuguese firing activity decreasing once more to 32%.




Antal Global Snapshot | Edition 12 - July/August 2012                   Page 4                        www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
                                         The local picture from 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?



          Spain
    After a slight dip, Spanish hiring rates for July’s Snapshot are closer to
    those seen this time last year. The percentage of companies currently
    recruiting at a managerial and professional level has risen from 29% to
    34%, inferring a certain degree of growth within the Spanish employment          34%       30%
    market. The level of Spanish job cuts has remained steady this quarter at                          25%      26%
    25% and is expected to remain in the mid-twenties for the near future.




          Sweden
    The percentage of Swedish companies taking on new managers and
    professionals has risen more than predicted this quarter, from 46% to 58%.
                                                                                     58%       56%
    Job losses have also increased over the last three months, but to a lesser
    extent than employment rates, indicating growth in the Swedish job market.                         38%      32%
    The number of companies looking to hire over the coming quarter is set to
    fall modestly by 2%, but job cuts have also been predicted to downsize by
    6%.




          Switzerland
    Things are looking positive for the Swiss employment market this quarter.
    Hiring rates have risen significantly from 31% to 58%, while job loss figures    58%
    have only increased by 8% to a modest 20%. The percentage of Swiss                         48%
    companies looking to recruit over the next three months is expected to fall
    below 50%, according to this July’s predictions. Firing rates, however,                            20%      22%
    should remain more stable, varying just 2% to 22%.




          United Kingdom
    Despite ongoing uncertainty surrounding the Euro, The United Kingdom’s
    job market has remained relatively stable over the last three months. The
    number of companies hiring new staff at the managerial / professional level      49%       48%
    has improved by 4% to 49% and is set to remain around this figure for the                          31%      27%
    coming quarter. Equally, the percentage of companies reducing employee
    numbers in the UK has gone up 3% in this July’s Snapshot, but is predicted
    to drop again by 4% to 27% in the next three months.




Antal Global Snapshot | Edition 12 - July/August 2012                  Page 5                         www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
                                           The local picture from CEE & 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
    Once again, there is positive news for those seeking managerial /
    professional positions in Bulgaria this July. The percentage of companies         63%
    taking on new employees has remained above 60%, varying just 1% to                         50%
    63%. This figure is predicted to fall over the coming months to 50%, but
    whether this actually occurs is yet to be seen. Bulgarian job loss rates have                      23%      23%
    also improved quite notably for this July’s Snapshot, falling 14% to 23%.
    The number of businesses looking to shed staff numbers over the coming
    quarter should remain steady, indicating a good degree of stability within
    the Bulgarian employment market at this time.


          Croatia
    At 53%, employment figures have continued to improve in Croatia this
    quarter. Hiring rates are up a respectable 15%, compared to the close of                   63%
    2011 and 10% higher than those seen in March’s Snapshot. This trend is            53%
    set to continue for the foreseeable future, rising another 10% over the next                       39%      41%
    few months and indicating significant growth in the Croatian job market.
    Understandably, job cuts have also risen in line with the increase in
    recruitment, inferring quite a high level of turnover in Croatia at the present
    time.



          Czech Republic
    Despite a predicted fall, the percentage of companies in the Czech Republic
    taking on new staff has risen this quarter from 47% to 55%. Firing rates
                                                                                      55%      57%
    have also taken somewhat of an unexpected turn, increasing from 28% to a
    high of 37%. The following quarter should bring a greater level of stability                       37%      39%
    for those working or seeking employment in the Czech Republic however,
    with hiring and firing rates varying just 2%.




          Hungary
    The last three months have seen a dip in hiring rates for the Hungarian job
    market. The number of companies taking on new staff at a managerial /
    professional level currently stands at just 24%, 14% down from March’s
    figures. The situation should improve over the coming quarter though, with                 36%
    recruitment rates once again rising above 30% to 36%. On the other hand,          24%              25%      25%
    job loss rates have remained substantially more stable over the last few
    months and are set stay at 25% for the near future.




          Israel
    There has been a significant boom in employment rates for Israel over the         80%                       74%
                                                                                               72%     69%
    last three months, with hiring rates jumping an impressive 30% in three
    months. At 80%, Israel boasts one of the highest levels of recruitment of
    any country in this month’s report and should continue to do so for the
    coming quarter. In terms of job cuts, the percentage of companies in Israel
    currently shedding staff numbers is also up considerably from March’s
    figures, indicating a high degree of turnover in the Israeli job market at the
    present time.




Antal Global Snapshot | Edition 12 - July/August 2012                    Page 6                       www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
                                             The local picture from CEE & 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?



          Poland
    Poland’s employment market has again defied expectations that recruitment
    levels would drop, with hiring figures remaining at 58%. Job loss rates have        58%
    also remained notably stable in this quarter’s report. The number of Polish                53%
    businesses cutting managerial staff has risen just 2% to 18% over the last
    few months, placing Poland’s job cut rates in line with the global average.                        18%      17%
    The coming quarter should bring more stability for those employed in the
    Polish job market, with firing levels varying just 1% to 17%.




          Romania
    The level of hiring at a managerial and professional level in Romania has
    risen again this quarter, having fallen to 49% in March’s Snapshot. Over the
    coming quarter, recruitment rates should remain above the 50% mark,                 53%    51%
    varying just 2% to 51%. On the other side of the Romanian job market, job
                                                                                                       26%      28%
    losses have remained remarkably stable for the past six months. The
    percentage of businesses planning on shedding employees over the
    coming quarter is set to remain equally steady, with firing rates predicted to
    be 28%.



          Russia
    Like many of the surrounding countries, the Russian job market has seen
    an increase in hiring rates over the last three months. At 68%, Russia’s            68%    67%
    recruitment level this quarter better reflects that seen at the end of 2011
    although this is expected to fall marginally to 67% during the following                           37%
                                                                                                                30%
    quarter. The number of Russian companies cutting staff has stayed more or
    less the same for this quarter’s report, indicating a good level of job stability
    for those employed in Russia.




          Turkey
    Recruitment rates in Turkey have recovered quite notably this quarter,
    having fallen to just 41% in March’s Snapshot. This trend is predicted to                  57%
                                                                                        55%
    continue for the near future, with hiring levels rising slightly to 57%. The                       43%      43%
    level of Turkish job cuts has also increased over the last few months from
    31% to 43%. This increase is less than the rise in employment however,
    indicating a modest growth in the Turkish employment market for July’s
    Snapshot.




Antal Global Snapshot | Edition 12 - July/August 2012                      Page 7                     www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
                                   The local picture from The Middle East & 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?



          Egypt
    The Egyptian market is experiencing a high degree of unrest this quarter;                          75%
    most likely as a result of the ongoing political uncertainty within the country.           61%
    Hiring rates have fallen from 55% to just 28% over the last three months,
    while the number of Egyptian businesses cutting managerial jobs has                28%                      31%
    rocketed to 75%. The next few months should see this situation rectify itself
    quite significantly however, with employment rates rising once more to 61%
    and firing rates dropping to 31%.




          Qatar
    The percentage of companies in Qatar taking on new staff has remained at           76%     78%
    an impressive 76% this quarter, offering further evidence for Qatar’s “2030
    Vision.” This once again gives Qatar the highest employment rates for the
    Middle East and one of the highest rates of any of the countries surveyed                          37%      35%
    for this quarter’s report. In terms of job cuts, Qatar’s figures have continued
    to increase this quarter from 22% to 37%. The following few months should
    bring better news however, with firing levels beginning to decrease once
    more to 35%.


          Saudi Arabia
    After falling quite significantly last quarter, recruitment activity in Saudi      73%
    Arabia has experienced a notable recruitment boom over the last three                      67%
    months. The percentage of companies currently employing staff at a
    managerial / professional level has climbed from a modest 57% in March’s                           33%      33%
    Snapshot to an impressive 73%. Along the same lines, job cut rates in
    Saudi Arabia have continued to climb for this quarter’s report, but are
    expected to level out at 33% during the following quarter.




          South Africa
    Despite expectations that July’s Snapshot would see an increase in
    recruitment rates for South Africa, the percentage of companies hiring at a                57%
    managerial or professional level has declined modestly this quarter to 50%.        50%
    On the other hand, job cuts for this country continue to remain relatively
    low, with firing rates currently standing at 18% in line with the global                           18%      12%
    average. Over the coming quarter this figure is predicted to fall to a low of
    just 12%, indicating significant job stability for those already employed in
    South Africa for the near future.



          United Arab Emirates
    As predicted in March’s Snapshot, the percentage of companies in the
    United Arab Emirates hiring new staff has increased this quarter to 54%.
                                                                                       54%     56%
    This figure should rise a further 2% in the coming months. In a similar
    fashion to its neighbouring countries in the region, the level of job cuts has                     34%      33%
    also increased in the United Arab Emirates over the last three months. At
    34%, firing rates are up 20% from March’s total, indicating quite
    considerable turnover in this country’s employment market at the present
    time.




Antal Global Snapshot | Edition 12 - July/August 2012                    Page 8                       www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
                                             The local picture from Asia Pacific.

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



          Australia
    July has brought relatively good news for the Australian job market, with the
                                                                                     64%       70%
    country’s hiring rates increasing and firing rates remaining level. At 64%,
    the level of recruitment in Australia is 10% greater than the figure predicted                              46%
                                                                                                       42%
    in March’s Snapshot and is set to increase a further 6% over the coming
    months. The percentage of companies letting staff go at a managerial level
    is relatively high at 42% but has remained stable during the recruitment
    boom, indicating a noteworthy growth in the Australian job market this
    quarter.



          China
    Hiring rates in China have remained remarkably stable over the last three        72%       72%
    months, currently standing at 72%. There is good evidence for China’s
    BRIC status for the coming quarter as well, with recruitment rates predicted
    to stay at this impressive level for the foreseeable future. On the other side
    of the job market, the number of Chinese businesses shedding managerial                            22%      21%
    posts has decreased to 22%, giving China just slightly higher firing figures
    than the global average.




          India
    The Indian job market has remained stable this quarter with both hiring and
    firing rates staying more or less the same during the last three months. 55%
                                                                                     55%       56%
    of Indian companies are recruiting new staff at the moment, while 56% are
    looking to do so in the near future. Instead of rising to 38% for July, as
    predicted in March’s Snapshot, the percentage of Indian businesses                                 23%      19%
    shedding managers has fallen 1% to 23%, indicating a stable job market for
    now.




          Japan
    The level of recruitment in Japan has grown to a greater extent than
    expected this quarter, with the number of companies hiring new staff rising      62%       65%
    from 56% to 62%. Job loss rates in Japan have also failed to follow the
    predictions made in March’s Snapshot as the level of job cuts has not                              33%      33%
    increased as expected, but instead decreased to 33%. The coming months
    are set to bring further growth within the Japanese job market, with hiring
    rates rising to 65% and firing rates remaining at 33%.




Antal Global Snapshot | Edition 12 - July/August 2012                   Page 9                        www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
                                             The local picture from Asia Pacific.

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



          Malaysia
    In a similar trend to a number of countries in the region, Malaysia’s
    recruitment rates have risen this quarter. Instead of falling to 42% as                    58%
    predicted, the percentage of companies taking on staff at a managerial and       51%
    professional level has increased to 51%. A parallel reduction in the level of
    job losses has also been witnessed over the last three months and things                           26%      23%
    are set to continue in this manner for the next quarter. It therefore seems
    the Malaysian employment market should continue to stabilise as the year
    progresses.



          New Zealand
    This quarter’s Snapshot indicates New Zealand’s employment market has
    been particularly active over the last three months. The good news is that       67%       63%     63%      67%
    recruitment rates have risen during this period to a respectable 67% and
    are expected to remain above 60% for the coming quarter. On the
    downside, the percentage of companies reducing staff numbers, or looking
    to do so has increased substantially according to this quarter’s report,
    inferring a high degree of turnover in New Zealand at present and for the
    immediate future.



          Pakistan
    At present, Pakistan boasts one of the highest recruitment rates in the          75%
    world, with the number of businesses hiring at a managerial level recorded                 58%
    at 75% in this July’s Snapshot. This is set to fall over the next three months
                                                                                                       42%      38%
    but remain above the halfway mark at 58%. In terms of job cuts, a figure of
    42% indicates quite a high level of turnover in the job market at this time.
    Hopefully, the next few months should see this number starting to fall
    however, with firing levels diminishing slightly to 38%.




          Philippines
    After a prolonged stint as the leading job market in the world, employment
    in the Philippines has taken quite a hit this quarter. Recruitment rates have              58%
    dropped from a remarkable 97% to 51%, while the percentage of                    51%
                                                                                                       42%      38%
    businesses shedding staff numbers has risen from just 5% to 42%. This is
    against March’s expectations but should begin to improve during the
    coming quarter, with hiring levels increasing and firing rates decreasing to
    58% and 38% respectively.




Antal Global Snapshot | Edition 12 - July/August 2012                   Page 10                       www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
                                              The local picture from Asia Pacific.

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



          Singapore
    At 45%, Singapore is witnessing the highest hiring rates it has seen in over
    a year. Over the next three months a record 49% of companies will be
    looking to take on new staff, showing ongoing growth in the Singaporean           45%      49%
    job market. Things are also looking positive in terms of job cuts for those
    working within this country. At present, a modest 18% of businesses in                             18%      18%
    Singapore have been cutting staff at a managerial level, in line with the
    global average in this quarter’s report.




          South Korea
    The percentage of companies in South Korea hiring new managerial staff,
    or looking to do so over the next three months has remained above 50% in
    this July’s Snapshot. At present, 53% of businesses are undergoing                53%      51%
    recruitment with 51% planning to in the near future. On the other side of the
                                                                                                       28%      28%
    job market, the level of job losses has increased in South Korea, as
    expected, to 28%. This figure should remain more stable in the coming
    quarter though, indicating more job stability for those employed within the
    South Korean employment market.



          Taiwan
    Hiring levels in Taiwan are among one of the highest for the region this                   72%
                                                                                      70%
    quarter, with 70% of companies currently recruiting new staff. Equally
    favourably, firing rates for this country have taken an unexpected downturn
    over the last three months from 34% to a relatively modest 26%. As we
                                                                                                       26%      28%
    enter the next quarter, Taiwan’s employment market is set to stay more or
    less steady for the time being as both hiring and firing rates for this country
    should vary by only 2% over the coming months.




Antal Global Snapshot | Edition 12 - July/August 2012                   Page 11                       www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
                                             The local picture from 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
    Following a dip in hiring activity last quarter, recruitment rates for Argentina
    have risen again to 59%. At the same time, the recent months have brought          59%
    an increase in stability within the Argentinean employment market. Though                  44%     44%      44%
    remaining comparatively higher than many of the other American countries,
    job cuts in Argentina have stayed stable over the last quarter, varying just
    1% to 44%.




          Brazil
    There is good news for those seeking managerial or professional positions
    in Brazil this quarter, with recruitment levels rising 20% to a respectable        62%
    62%. This figure is expected to fall slightly in the coming months but remain
                                                                                               55%
    above the halfway mark. On the other side of the Brazilian employment                              34%      35%
    market, the percentage of companies cutting staff, or looking to do so in the
    near future remains relatively high, but steady, in this quarter’s Snapshot,
    signifying greater stability in the Brazilian job market.




          Canada
    As with many of the countries in the Americas, Canada’s hiring rates have                  82%
                                                                                       73%
    increased quite significantly in the last three months. At 73%, Canada
    currently holds one of the highest levels of recruitment for both the region
    and the rest of the world. Over the coming quarter this figure is expected to                      31%      32%
    reach even higher levels, with an impressive 82% of Canadian businesses
    taking on new staff. The rate of job loss for Canada has also diminished
    from 37% to 31% in the lead up to July, despite March’s predictions that
    greater levels of firing would be seen in this time. This should remain stable
    in the months that follow, varying just 1% to 32%.




Antal Global Snapshot | Edition 12 - July/August 2012                    Page 12                      www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
                                           The local picture from 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?



          Chile
    As predicted, the number of companies taking on new managers has risen
    in Chile this quarter. Following a brief dip in employment back in March,
    hiring levels for Chile now stand at 55%. In terms of job cuts, the current
                                                                                     55%
                                                                                               47%
    Snapshot indicates a drop in the percentage of businesses shedding staff in                        33%      30%
    the last three months from 39% to 33%. This welcome decline is expected
    to continue as the year progresses, with firing rates falling again to 30%.




          Mexico
    The last three months have seen a remarkable boom in recruitment activity        74%       72%
    in Mexico, with employment figures leaping an impressive 38%. At 74%,
    Mexico now boasts the highest levels of recruitment of all the Americas.
    During this time, the percentage of Mexican businesses cutting managerial                          31%      30%
    positions has also held steady, indicating substantial growth in the Mexican
    job market. The good news is predicted to continue for the following quarter
    with both hiring rates and firing numbers remaining stable at 72% and 30%
    respectively.




          United States of America
    At 66%, the United States of America’s hiring rates recovered substantially
    for this quarter’s Snapshot. Recruitment levels have risen from just 48% to      66%       66%
    66% over the last three months and are set to stay at this level for the near
    future. At the same time, the most recent quarter has seen the rate of job                         31%      28%
    losses fall very slightly to 31%. A further decline in job loss to 28% should
    follow during the next quarter, giving the United States of America the
    lowest level of job cuts across the Americas.




Antal Global Snapshot | Edition 12 - July/August 2012                  Page 13                        www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
                                Most active hiring sectors over the coming quarter

                   Western Europe                                                          CEE & Eurasia


                         Media                   60%                      E-Commerce & Social Media                        82%

        Technology - Hardware                   56%
                                                                                             SSC/BPO                    79%
         Technology - Software                 51%
                                                                                              Fashion                 67%
                      SSC/BPO                  50%
                                                                               Technology - Software                 64%
                         Retail               49%
                                                                                     Security Services               64%
   E-Commerce & Social Media                  48%

          Telecommunications                  46%                                              Media                 63%




                       Middle East                                                                Africa


                                                          88%             Construction & Engineering                    79%
                   Property
                                                                                    Security Services                  72%
  Automotive & Aerospace                                81%
                                                                                               Retail                  71%
                     FMCG                               80%                     Telecommunications                    70%

                                                        80%                   Technology - Software                   70%
                   Logistics
                                                                                            Banking                   67%
            Manufacturing                           70%
                                                                                              FMCG                    67%
                   Banking                       67%                                                                  67%
                                                                                            Property



                               APAC                                                            Americas


        SSC/BPO                                      83%                                        Legal                  98%


                                                     82%                             Pharmaceuticals                        84%
         Fashion
                                                                                          Electronics                       83%
        Medical                                     80%
                                                                          Construction & Engineering                     80%
  Luxury Goods                                      80%
                                                                          E-Commerce & Social Media                     78%

          FMCG                                    78%                                                                   75%
                                                                                   Energy - Oil & Gas

      Chemicals                                 73%                                          Property                   75%




Antal Global Snapshot | Edition 12 - July/August 2012           Page 14                                    www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
                           Detailed examination of the Western Europe Key Sectors


                                                            GERMANY

             ACCOUNTANCY                                   AGRICULTURE                          AUTOMOTIVE & AEROSPACE

                    40%                                                      79%                             37%
                    40%                                       29%                                          28%
                   37%                                  14%                                       5%
             20%                                        14%                                       6%



                BANKING                                     CHEMICALS                        CONSTRUCTION & ENGINEERING

                      50%                                    27%                                             36%
                30%                                       15%                                             25%
                      50%                            6%                                             10%
                30%                                  6%                                              14%



           CONSUMER GOODS                        E-COMMERCE & SOCIAL MEDIA                              ELECTRONICS

                      48%                                                   75%                                   46%
        7%                                                          50%                                     32%
       4%                                                   25%                                     11%
       3%                                                   25%                                    8%



           ENERGY - OIL & GAS                       ENERGY - RENEWABLES                                      FMCG

                          56%                                       47%                                22%
             22%                                                  40%                                  21%
                33%                                  7%                                          3%
              28%                                          20%                                   4%



                LEISURE                                                                                    LOGISTICS

                      49%                                                                                                71%
             19%                                                                                                   51%
      2%                                                                                          8%
      2%                                                                                          7%




                            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?



Antal Global Snapshot | Edition 12 - July/August 2012         Page 15                                        www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
                             Detailed examination of the Western Europe Key Sectors


                                                             GERMANY

             LUXURY GOODS                                 MANUFACTURING                                        MEDIA

                      44%                                                         88%                                  60%
             15%                                                      50%                                                70%
        5%                                                         38%                                      30%
       2%                                                13%                                                30%



                   MEDICAL                                     PACKAGING                              PHARMACEUTICALS

                     39%                                             50%                                   28%
                    35%                                           38%                                     24%
              21%                                      8%                                           4%
              22%                                       13%                                        2%



               PROPERTY                                           RETAIL                              SECURITY SERVICES

                                  100%                                  57%                           17%
                                   80%                         29%                                  8%
      0%                                                       29%                                  8%
      0%                                                       29%                                0%



      TECHNOLOGY - HARDWARE                          TECHNOLOGY - SOFTWARE                          TELECOMMUNICATIONS

                           55%                                        53%                                              60%
                            60%                                       53%                                20%
               25%                                     9%                                                                    80%
              20%                                      8%                                                              60%



                                                               UTILITIES

                                                                           60%
                                                                           60%
                                                            20%
                                                            20%




                              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?



Antal Global Snapshot | Edition 12 - July/August 2012           Page 16                                        www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
                            Detailed examination of the Western Europe Key Sectors


                                                                ITALY

            ACCOUNTANCY                            AUTOMOTIVE & AEROSPACE                                    BANKING

                             64%                                  41%                                         35%
                             64%                                   43%                                        36%
                    45%                                   18%                                          17%
                  36%                                   11%                                           15%



              CHEMICALS                          CONSTRUCTION & ENGINEERING                          CONSUMER GOODS

                     42%                                   22%                                                   46%
                    40%                                       33%                                                46%
              25%                                          22%                                        14%
              25%                                           28%                                        16%



    E-COMMERCE & SOCIAL MEDIA                               EDUCATION                                    ELECTRONICS

                                   82%                                   57%                                        52%
                             64%                                   43%                                               57%
                  36%                                        29%                                      13%
            18%                                                    43%                                13%



          ENERGY - OIL & GAS                         ENERGY - RENEWABLES                                     FASHION

                    38%                                     26%                                           28%
                       50%                                  26%                                          25%
           15%                                                35%                                     16%
              27%                                                   48%                                19%



                  FMCG                                                                                      INSURANCE

                      47%                                                                                     39%
                     44%                                                                                     33%
            20%                                                                                      11%
           15%                                                                                       12%




                             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?



Antal Global Snapshot | Edition 12 - July/August 2012           Page 17                                       www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
                              Detailed examination of the Western Europe Key Sectors


                                                                  ITALY

                LEISURE                                        LOGISTICS                                  LUXURY GOODS

                       52%                                              53%                                          55%
                     43%                                             41%                                           45%
            19%                                        6%                                            6%
           17%                                              18%                                     3%



           MANUFACTURING                                           MEDIA                                      MEDICAL

                   38%                                                  47%                                   39%
                    42%                                                       60%                           31%
                  33%                                               40%                                  19%
                  33%                                                 47%                               14%



          PHARMACEUTICALS                                      PROPERTY                                        RETAIL

                        46%                                   25%                                                   49%
                  32%                                            38%                                                 55%
            17%                                                     50%                                11%
            19%                                                     50%                                13%


      TECHNOLOGY - HARDWARE                           TECHNOLOGY - SOFTWARE                          TELECOMMUNICATIONS

                           57%                                          48%                                          56%
                                 71%                                      57%                                       50%
               29%                                          19%                                                      56%
                     43%                                    17%                                                        61%



                                                                  UTILITIES

                                                                  33%
                                                            17%
                                                                  33%
                                                            17%




                               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?



Antal Global Snapshot | Edition 12 - July/August 2012             Page 18                                      www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
                         Detailed examination of the Western Europe Key Sectors

                                                         NETHERLANDS
            ACCOUNTANCY                            AUTOMOTIVE & AEROSPACE                                   BANKING

              30%                                                               71%                         29%
            20%                                                           57%                         14%
                40%                                                 43%                          0%
                40%                                                       57%                    0%


              CHEMICALS                          CONSTRUCTION & ENGINEERING                    E-COMMERCE & SOCIAL MEDIA

                 39%                                                   56%                                                70%
              28%                                                   44%                                                   70%
           17%                                                         56%                              20%
           17%                                                      44%                                 20%


             ELECTRONICS                                ENERGY - OIL & GAS                                    FMCG

                       50%                                    29%                                                      67%
                             67%                                    43%                                          44%
                 33%                                    14%                                                         56%
                 33%                                    14%                                                   33%


              INSURANCE                                        LEISURE                                      LOGISTICS

                       50%                                                        83%                               53%
              25%                                                           67%                                   47%
              25%                                        17%                                           18%
      0%                                                 17%                                              29%


           MANUFACTURING                                       MEDICAL                           TECHNOLOGY - HARDWARE

                   43%                                                      67%                                   46%
                 36%                                                      60%                                           62%
             21%                                                   40%                                      31%
               29%                                           27%                                                  46%


      TECHNOLOGY - SOFTWARE                                                                        TELECOMMUNICATIONS

                         58%                                                                              25%
                         57%                                                                     0%
           16%                                                                                                    50%
           17%                                                                                                                75%



                             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?



Antal Global Snapshot | Edition 12 - July/August 2012          Page 19                                        www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
                            Detailed examination of the Western Europe Key Sectors


                                                                  SPAIN
             AGRICULTURE                           AUTOMOTIVE & AEROSPACE                                     BANKING

           17%                                                  33%                                        29%
                       50%                                     28%                                         29%
           17%                                          11%                                             18%
                 33%                                     15%                                            18%



              CHEMICALS                          CONSTRUCTION & ENGINEERING                          CONSUMER GOODS

                31%                                          25%                                                   47%
               29%                                          22%                                                35%
               29%                                                  42%                                            47%
               27%                                                  42%                                          41%



    E-COMMERCE & SOCIAL MEDIA                               ELECTRONICS                              ENERGY - OIL & GAS

               28%                                         22%                                     5%
               28%                                         22%                                          16%
                      44%                               12%                                                   32%
               28%                                        18%                                                 32%



        ENERGY - RENEWABLES                                    FASHION                                         FMCG

           17%                                              18%                                           28%
             26%                                       9%                                                23%
             26%                                            18%                                              38%
                   40%                                 9%                                                   33%



                 LEGAL                                            LEISURE                                  LOGISTICS

           16%                                                  33%                                            31%
         8%                                                    28%                                            29%
          11%                                                   33%                                  10%
          11%                                                     39%                                10%




                             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?


Antal Global Snapshot | Edition 12 - July/August 2012             Page 20                                      www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
                            Detailed examination of the Western Europe Key Sectors


                                                                  SPAIN

              LUXURY GOODS                                 MANUFACTURING                                       MEDIA

                                 100%                            37%                                           36%
                               67%                             29%                                           27%
                  33%                                        20%                                              32%
                  33%                                       18%                                       9%



                  MEDICAL                                         MINING                                     PACKAGING

                         50%                                           50%                                   30%
                   37%                                        25%                                          20%
           17%                                                25%                                            30%
            20%                                       0%                                                   20%



          PHARMACEUTICALS                                        PROPERTY                                      RETAIL

                         50%                                     29%                                                   57%
                         50%                               14%                                                   43%
            18%                                            14%                                                  39%
            18%                                            14%                                                   43%



      TECHNOLOGY - HARDWARE                           TECHNOLOGY - SOFTWARE                          TELECOMMUNICATIONS

                  33%                                             43%                                        30%
                     45%                                         38%                                       22%
                  33%                                         25%                                                   48%
                   38%                                          33%                                                43%



                UTILITIES                                                                                    VETERINARY

                   36%                                                                                         35%
                     45%                                                                                       33%
         9%                                                                                            11%
         9%                                                                                            11%




                               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?


Antal Global Snapshot | Edition 12 - July/August 2012             Page 21                                      www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
                           Detailed examination of the Western Europe Key Sectors


                                                         UNITED KINGDOM

             ACCOUNTANCY                           AUTOMOTIVE & AEROSPACE                                  BANKING

               29%                                                43%                                             50%
                     43%                                        36%                                                  63%
                     43%                                  21%                                                     50%
               29%                                      14%                                               25%



              CHEMICALS                          CONSTRUCTION & ENGINEERING                    E-COMMERCE & SOCIAL MEDIA

                       50%                                     36%                                                   63%
                       50%                                     36%                                                50%
             23%                                             29%                                     13%
             22%                                             29%                                     13%



           ENERGY - OIL & GAS                                   FMCG                                        LEISURE

                       50%                                         47%                                                    69%
                       50%                                       42%                                                54%
                 35%                                            37%                                           38%
                 33%                                            37%                                         31%



            LUXURY GOODS                                                                               MANUFACTURING

                               75%                                                                             42%
                       50%                                                                                       50%
                       50%                                                                                  31%
      0%                                                                                                    31%




                             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?



Antal Global Snapshot | Edition 12 - July/August 2012          Page 22                                       www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
                          Detailed examination of the Western Europe Key Sectors


                                                        UNITED KINGDOM

                  MEDIA                                     MEDICAL                                     PACKAGING

                36%                                                       73%                                            75%
              27%                                                   55%                                         50%
              27%                                         27%                                       15%
            18%                                         18%                                           25%



          PHARMACEUTICALS                                  PROPERTY                                        RETAIL

                              76%                         25%                                                         70%
                             71%                                   50%                                              60%
            14%                                   0%                                                                60%
       5%                                                          50%                                   30%



         SECURITY SERVICES                       TECHNOLOGY - HARDWARE                         TECHNOLOGY - SOFTWARE

                           67%                              30%                                                  53%
                 33%                                                   60%                                         62%
               27%                                              42%                                    23%
         10%                                             22%                                            28%



                                                    TELECOMMUNICATIONS

                                                             36%
                                                           27%
                                                                   50%
                                                                    55%




                           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?



Antal Global Snapshot | Edition 12 - July/August 2012        Page 23                                       www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
                                  Detailed examination of the CEE Key Sectors


                                                              BULGARIA
            ACCOUNTANCY                          AUTOMOTIVE & AEROSPACE                                   BANKING

             30%                                                      63%                                                71%
           20%                                                     50%                                             57%
         10%                                            12%                                                 41%
         10%                                            11%                                               32%



   CONSTRUCTION & ENGINEERING                                   FMCG                                      LEISURE

           17%                                                           64%                                               79%
                 33%                                            36%                                         37%
                   42%                                            45%                              11%
                     50%                                        36%                                      26%



           MANUFACTURING                                        MEDIA                                     MEDICAL

                     48%                                                     81%                                  50%
                   39%                                                      76%                                   50%
          13%                                           10%                                         15%
            22%                                   0%                                              8%



                 MINING                                 PHARMACEUTICALS                                  PROPERTY

                               100%                                            80%                                50%
          14%                                                      50%                                   25%
            21%                                          16%                                             25%
          14%                                             20%                                            25%



      TECHNOLOGY - SOFTWARE                                                                      TELECOMMUNICATIONS

                                80%                                                                                  61%
                               78%                                                                             39%
           15%                                                                                                    50%
          12%                                                                                                   44%




                           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?



Antal Global Snapshot | Edition 12 - July/August 2012         Page 24                                      www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
                                     Detailed examination of the CEE Key Sectors

                                                                 HUNGARY
             ACCOUNTANCY                             AUTOMOTIVE & AEROSPACE                                    BANKING

           15%                                                 25%                                     11%
                    38%                                              42%                                 19%
                     40%                                8%                                                                     76%
             20%                                                   33%                                                   59%


   CONSTRUCTION & ENGINEERING                       E-COMMERCE & SOCIAL MEDIA                          ENERGY - OIL & GAS

                         50%                                 20%                                            25%
            17%                                                             60%                                        50%
                   33%                                      20%                                        13%
            17%                                           14%                                             25%


                   FMCG                                        LOGISTICS                                 MANUFACTURING

            16%                                          17%                                                     34%
                  32%                                    17%                                                           50%
            16%                                        8%                                              13%
           11%                                       0%                                                          34%


                  MEDICAL                                      PACKAGING                               PHARMACEUTICALS

                         50%                                       33%                                             45%
              25%                                                     44%                                        36%
      0%                                                8%                                                 18%
      0%                                                 11%                                          9%


                   RETAIL                            TECHNOLOGY - HARDWARE                         TECHNOLOGY - SOFTWARE

             21%                                               25%                                       18%
             21%                                                            58%                                        47%
                   36%                                     17%                                         12%
                    41%                                      25%                                          24%


                                                        TELECOMMUNICATIONS

                                                                   44%
                                                                  39%
                                                               28%
                                                                  39%




                               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?


Antal Global Snapshot | Edition 12 - July/August 2012            Page 25                                         www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
                                    Detailed examination of the CEE Key Sectors


                                                                POLAND
              ACCOUNTANCY                           AUTOMOTIVE & AEROSPACE                                   BANKING

                          54%                                               61%                                         60%
                           59%                                       45%                                                59%
              26%                                       10%                                                28%
           15%                                          9%                                                23%



               CHEMICALS                          CONSTRUCTION & ENGINEERING                    E-COMMERCE & SOCIAL MEDIA

                        48%                                          40%                                                           95%
                              65%                                   37%                                                           86%
                  35%                                     18%                                          14%
         9%                                                23%                                         14%



              ELECTRONICS                                ENERGY - OIL & GAS                         ENERGY - RENEWABLES

                    42%                                               45%                                         47%
             24%                                                      45%                                         47%
            18%                                         9%                                               20%
           16%                                          9%                                               20%



                  FMCG                                        INSURANCE                                        LEGAL

                          57%                                               61%                                            68%
                    41%                                                     62%                                             70%
            19%                                               25%                                                 46%
          14%                                                20%                                                  46%



                                                               LOGISTICS

                                                                             65%
                                                                            60%
                                                             18%
                                                              22%




                              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?



Antal Global Snapshot | Edition 12 - July/August 2012           Page 26                                        www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
                                  Detailed examination of the CEE Key Sectors


                                                              POLAND
           MANUFACTURING                                        MEDIA                                      MEDICAL

                     48%                                                57%                                   40%
                  37%                                                     65%                                   48%
          13%                                             22%                                           24%
          14%                                           14%                                           16%



              PACKAGING                                 PHARMACEUTICALS                                    PROPERTY

                          57%                                        52%                                    42%
                    45%                                            46%                                    33%
           15%                                          15%                                             26%
           15%                                           20%                                          19%



                 RETAIL                                      SCC/BPO                            TECHNOLOGY - HARDWARE

                  37%                                                           78%                                   68%
                 33%                                                            79%                                 58%
                  36%                              2%                                               11%
                 32%                               0%                                                13%



      TECHNOLOGY - SOFTWARE                          TELECOMMUNICATIONS                                    UTILITIES

                            66%                                      57%                                        48%
                            66%                                    49%                                           52%
          12%                                               27%                                    9%
           14%                                               29%                                    13%




                            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?



Antal Global Snapshot | Edition 12 - July/August 2012         Page 27                                       www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
                                   Detailed examination of the CEE Key Sectors


                                                               ROMANIA

            ACCOUNTANCY                            AUTOMOTIVE & AEROSPACE                                    BANKING

                       53%                                          50%                                      33%
                   40%                                           38%                                           40%
                     47%                               13%                                                           53%
                 33%                                  8%                                                             53%



               CHEMICALS                         CONSTRUCTION & ENGINEERING                           CONSUMER GOODS

                       50%                                                 68%                                  45%
                         60%                                            56%                                   36%
         10%                                                      41%                                 9%
         10%                                                       44%                           0%



          ENERGY - OIL & GAS                                     FMCG                                      LOGISTICS

                         54%                                      43%                                             50%
                           62%                                  37%                                                 56%
               23%                                             33%                                 6%
                 31%                                          30%                                   13%



           MANUFACTURING                                      MEDICAL                                      PACKAGING

                   41%                                                    67%                                    43%
                         56%                                              67%                            21%
               26%                                         22%                                         14%
                 35%                                     15%                                               29%



          PHARMACEUTICALS                                                                        TECHNOLOGY - SOFTWARE

                                 79%                                                                                58%
                               71%                                                                                50%
             21%                                                                                       17%
           14%                                                                                        12%




                             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?



Antal Global Snapshot | Edition 12 - July/August 2012          Page 28                                        www.snapshot.antal.com
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Ags12 English

  • 1. Edition 12 - July/August 2012 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’ Contents Introduction Introduction - Page 1 The Local Picture Key Sectors Western Europe Most Active Hiring Sectors - Page 14 Austria, Belgium, Denmark, Finland & France - Page 2 Western Europe Germany, Greece, Iceland, Ireland & Germany - Pages 15 & 16 Italy - Page 3 Italy - Pages 17 & 18 Luxembourg, Malta, Netherlands, Norway & Netherlands - Page 19 Portugal - Page 4 Spain - Pages 20 & 21 Spain, Sweden, Switzerland & UK - Page 5 UK - Pages 22 & 23 CEE & Eurasia CEE & Eurasia Bulgaria, Croatia, Czech Republic, Hungary & Bulgaria – Page 24 Israel - Page 6 Hungary – Page 25 Poland, Romania, Russia & Turkey - Page 7 Poland - Pages 26 & 27 Romania - Page 28 Middle East & Africa Egypt, Qatar, Saudi Arabia, South Africa & Middle East & Africa UAE - Page 8 UAE - Page 29 South Africa - Pages 30 & 31 Asia Pacific Australia, China, India & Japan - Page 9 Asia Pacific Malaysia, New Zealand, Pakistan & China - Pages 32 & 33 Philippines - Page 10 India - Pages 34 & 35 Singapore, South Korea & Taiwan - Page 11 Philippines - Page 36 Singapore - Page 37 The Americas Argentina, Brazil & Canada - Page 12 Chile, Mexico & USA - Page 13 Disciplines and Functions Expecting to HIRE in Q3 - Page 38 Expecting to FIRE in Q3 - Page 39 Conclusions Winners & Losers by Regions, Countries & Sectors - Pages 40, 41 & 42 The Conclusion - Page 43 Antal Global Snapshot | Edition 12 - July/August 2012 www.snapshot.antal.com
  • 3. 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 twelfth report in the series is based upon material sourced from more than 20,000 businesses in commerce, industry and the financial services sector in 50 key countries on five continents. We hope that you find it both interesting and useful. Chairman and CEO Antal International About Antal International Founded in 1993, Antal International is a management and professional recruitment specialist with a particular focus on the sourcing and retention of candidates in the 'Generation Y' bracket. One of the first recruitment organisations to devote substantial resources to emerging markets, the company now has over 100 offices in more than 30 countries and works with many of the world's most successful and ambitious employers. Methodology This edition of the 'Antal Global Snapshot' is based upon survey forms and telephone interviews completed by line and HR Managers in 20546 companies, professional partnerships and financial institutions across 50 countries in June and July 2012. Each respondent was asked whether they were currently hiring or letting go professional / managerial staff and whether they intended to do so over the coming quarter. All respondents were guaranteed anonymity to encourage open and honest answers. Antal Global Snapshot | Edition 12 - July/August 2012 Page 1 www.snapshot.antal.com
  • 4. THE ‘ANTAL GLOBAL SNAPSHOT’ The local picture from 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 The Austrian job market has experienced a good quarter over the last three months. The percentage of companies currently taking on new staff at a managerial / professional level is up from 43% to 49%, despite predictions 49% 44% in March’s Snapshot that these would drop to 40%. The number of 26% 25% businesses shedding staff has also fallen from 35% to 26%; a notably larger drop than the 1% expected. This figure is set to remain stable over the coming three months with predicted Austrian firing rates standing at 25%. Belgium Recruitment levels in Belgium have recovered well this quarter, with 54% of companies hiring new employees in the lead up to this July’s Snapshot. 54% Hiring rates are expected to return to 46% over the next few months but 46% whether this occurs in reality is yet to be seen. On the other side of the 27% Belgium job market, firing levels are also down slightly this quarter and are 24% expected to continue falling to 24% in the near future, indicating a higher level of stability for those already employed by Belgium companies. Denmark The employment market in Denmark has experienced a significant boom in 75% 74% 69% hiring rates over the last three months. The percentage of businesses taking on new staff has leapt from 51% to an impressive 75% this July; with 52% 74% of companies intending to hire over the coming quarter. The number of businesses in Denmark letting staff go recently has also jumped considerably from 35% to 69%; although this is most likely a result of the recent recruitment boom. Firing rates are expected to fall quite dramatically over the coming few months, however, to just above 50%. Finland After something of a lull in employment rates last quarter, the percentage of companies hiring new managerial / professional staff has returned to a 61% 56% respectable 61% this July. This is against the predictions made in last 49% 51% quarter’s Snapshot that hiring levels would drop to just 45%. The number of businesses in Finland letting staff go has also risen to a high of 56% in this edition of Snapshot. The next few months are expected to bring better news though, with firing rates in Finland starting to decrease again to 51%. France As with a number of its European neighbours, hiring rates in France have recovered well over the last three months. 52% of French businesses are currently recruiting new staff at a managerial / professional level and 53% 52% 53% are looking to do so over the coming months. As predicted, the number of 31% 32% French companies shedding staff has remained more or less stable in this July’s Snapshot and the next three months should bring more of the same. Antal Global Snapshot | Edition 12 - July/August 2012 Page 2 www.snapshot.antal.com
  • 5. THE ‘ANTAL GLOBAL SNAPSHOT’ The local picture from 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? Germany The percentage of German companies hiring new employees has fallen slightly this quarter, though to a lesser degree than expected. Recruitment rates currently stand at 27% as opposed to the 22% predicted in March’s Snapshot. In a similar trend, firing rates have also dropped slightly over the 27% last few months to just 5%, giving Germany the lowest job cut figures in 18% comparison to any other country surveyed around the world. 5% 5% Greece In line with the country’s current economic uncertainty, hiring levels in Greece have fallen somewhat over the last three months to 33%. This situation is expected to improve quite significantly over the coming quarter 47% 53% 44% however, with nearly half of Greek businesses looking to recruit at a 33% managerial level in the near future. The degree of job cuts in Greece has remained higher than the 38% seen at close of last year. This current figure of 44% is not the highest in the region though, with some firing rates reaching the fifties. Iceland 94% 90% Iceland currently boasts the highest recruitment levels of anywhere in the world, with an impressive 94% of businesses in this country taking on new staff. The next few months are expected to see Iceland retain this title with the number of companies looking to hire during this period set at 90%. On 32% the other side of the job market, the percentage of businesses in Iceland 13% cutting job numbers in this July’s Snapshot is notably lower than many of its neighbouring countries. At present, firing levels stand at just 13%; though this figure is expected to increase as the year comes to a close. Ireland Ireland’s hiring rates have recovered significantly over the last three months from 43% to a respectable 63%. The percentage of companies currently 63% 63% letting staff go has also stayed steady for this July’s Snapshot, showing the Irish employment market is rightsizing. The outlook is predicted to remain 35% 33% positive for the coming quarter, with recruitment levels and job cut rates staying more or less the same, signifying a good level of stability in the Irish job market. Italy The percentage of Italian companies hiring at a managerial level has remained steady this quarter, rising 1% to 43%. Job losses have also risen during this time by a greater margin than expected. The number of 43% 43% companies in Italy shedding staff at this time stands at 20%, up from a low of 11%. In comparison with the rest of Western Europe however, Italy’s 20% 20% firing rates are markedly lower than many of its neighbouring countries and only 2% above the global average calculated for the current Snapshot. Antal Global Snapshot | Edition 12 - July/August 2012 Page 3 www.snapshot.antal.com
  • 6. THE ‘ANTAL GLOBAL SNAPSHOT’ The local picture from 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? Luxembourg Rates of recruitment and job loss in Luxembourg have both increased by a modest 7% over the last few months. The percentage of companies in this 57% country taking on new staff has risen from 50% to 57% for this July’s 43% 37% Snapshot, while firing levels currently stand at 30%. Hiring rates for 30% Luxembourg are predicted to fall below the 50% mark over the following quarter. Whether this happens in reality, however, is yet to be seen. Malta Hiring rates have been better than expected in Malta this quarter. Despite predictions in March’s Snapshot that recruitment levels would fall to 42%, 56% 56% 56% the percentage of companies employing new staff has risen to 56%. Again, 44% this figure is expected to drop below 50% over the coming few months. In terms of job cuts, Maltese firing levels currently stand at 56%; considerably higher than the 27% seen at the close of 2011. No further increases are expected over the next three months however, indicating the Maltese job market may be beginning to rightsize. Netherlands Mirroring the picture in many of its Western European neighbours, the Dutch job market has grown substantially this quarter, with employment rates rising 15% over the last three months. The percentage of companies 55% 49% currently taking on new staff at a managerial / professional level now stands at 55%; the highest it has been in over a year. On the other side of the 24% 24% employment market, Dutch job loss rates have remained relatively low at 24%. Over the next few months, the number of businesses intending to recruit is expected to fall by 6%, but firing rates should remain stable at Norway As July’s figures show, the Norwegian employment market is experiencing significant activity at the moment. Hiring rates in Norway have increased 60% 56% from 48% to a respectable 60%, indicating more companies are taking on 51% 44% new staff at a managerial or professional level. In parallel with this however, the percentage of Norwegian businesses letting staff go has also risen quite dramatically from 29% to 51%, signalling a high level of turnover in the Norwegian job market at this time. Nevertheless, things are set to get better over the coming quarter with Norwegian firing rates taking a downturn to 44%. Portugal As predicted, the level of recruitment in Portugal has risen slightly over the last three months, with current hiring rates standing at 37%. Those already employed in the Portuguese job market have not experienced the predicted rise in job loss rates, however, with these figures actually falling by 1% to 37% 31% 35% 32% 35%. This downward trend is expected to continue for the near future with Portuguese firing activity decreasing once more to 32%. Antal Global Snapshot | Edition 12 - July/August 2012 Page 4 www.snapshot.antal.com
  • 7. THE ‘ANTAL GLOBAL SNAPSHOT’ The local picture from 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? Spain After a slight dip, Spanish hiring rates for July’s Snapshot are closer to those seen this time last year. The percentage of companies currently recruiting at a managerial and professional level has risen from 29% to 34%, inferring a certain degree of growth within the Spanish employment 34% 30% market. The level of Spanish job cuts has remained steady this quarter at 25% 26% 25% and is expected to remain in the mid-twenties for the near future. Sweden The percentage of Swedish companies taking on new managers and professionals has risen more than predicted this quarter, from 46% to 58%. 58% 56% Job losses have also increased over the last three months, but to a lesser extent than employment rates, indicating growth in the Swedish job market. 38% 32% The number of companies looking to hire over the coming quarter is set to fall modestly by 2%, but job cuts have also been predicted to downsize by 6%. Switzerland Things are looking positive for the Swiss employment market this quarter. Hiring rates have risen significantly from 31% to 58%, while job loss figures 58% have only increased by 8% to a modest 20%. The percentage of Swiss 48% companies looking to recruit over the next three months is expected to fall below 50%, according to this July’s predictions. Firing rates, however, 20% 22% should remain more stable, varying just 2% to 22%. United Kingdom Despite ongoing uncertainty surrounding the Euro, The United Kingdom’s job market has remained relatively stable over the last three months. The number of companies hiring new staff at the managerial / professional level 49% 48% has improved by 4% to 49% and is set to remain around this figure for the 31% 27% coming quarter. Equally, the percentage of companies reducing employee numbers in the UK has gone up 3% in this July’s Snapshot, but is predicted to drop again by 4% to 27% in the next three months. Antal Global Snapshot | Edition 12 - July/August 2012 Page 5 www.snapshot.antal.com
  • 8. THE ‘ANTAL GLOBAL SNAPSHOT’ The local picture from CEE & 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 Once again, there is positive news for those seeking managerial / professional positions in Bulgaria this July. The percentage of companies 63% taking on new employees has remained above 60%, varying just 1% to 50% 63%. This figure is predicted to fall over the coming months to 50%, but whether this actually occurs is yet to be seen. Bulgarian job loss rates have 23% 23% also improved quite notably for this July’s Snapshot, falling 14% to 23%. The number of businesses looking to shed staff numbers over the coming quarter should remain steady, indicating a good degree of stability within the Bulgarian employment market at this time. Croatia At 53%, employment figures have continued to improve in Croatia this quarter. Hiring rates are up a respectable 15%, compared to the close of 63% 2011 and 10% higher than those seen in March’s Snapshot. This trend is 53% set to continue for the foreseeable future, rising another 10% over the next 39% 41% few months and indicating significant growth in the Croatian job market. Understandably, job cuts have also risen in line with the increase in recruitment, inferring quite a high level of turnover in Croatia at the present time. Czech Republic Despite a predicted fall, the percentage of companies in the Czech Republic taking on new staff has risen this quarter from 47% to 55%. Firing rates 55% 57% have also taken somewhat of an unexpected turn, increasing from 28% to a high of 37%. The following quarter should bring a greater level of stability 37% 39% for those working or seeking employment in the Czech Republic however, with hiring and firing rates varying just 2%. Hungary The last three months have seen a dip in hiring rates for the Hungarian job market. The number of companies taking on new staff at a managerial / professional level currently stands at just 24%, 14% down from March’s figures. The situation should improve over the coming quarter though, with 36% recruitment rates once again rising above 30% to 36%. On the other hand, 24% 25% 25% job loss rates have remained substantially more stable over the last few months and are set stay at 25% for the near future. Israel There has been a significant boom in employment rates for Israel over the 80% 74% 72% 69% last three months, with hiring rates jumping an impressive 30% in three months. At 80%, Israel boasts one of the highest levels of recruitment of any country in this month’s report and should continue to do so for the coming quarter. In terms of job cuts, the percentage of companies in Israel currently shedding staff numbers is also up considerably from March’s figures, indicating a high degree of turnover in the Israeli job market at the present time. Antal Global Snapshot | Edition 12 - July/August 2012 Page 6 www.snapshot.antal.com
  • 9. THE ‘ANTAL GLOBAL SNAPSHOT’ The local picture from CEE & 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? Poland Poland’s employment market has again defied expectations that recruitment levels would drop, with hiring figures remaining at 58%. Job loss rates have 58% also remained notably stable in this quarter’s report. The number of Polish 53% businesses cutting managerial staff has risen just 2% to 18% over the last few months, placing Poland’s job cut rates in line with the global average. 18% 17% The coming quarter should bring more stability for those employed in the Polish job market, with firing levels varying just 1% to 17%. Romania The level of hiring at a managerial and professional level in Romania has risen again this quarter, having fallen to 49% in March’s Snapshot. Over the coming quarter, recruitment rates should remain above the 50% mark, 53% 51% varying just 2% to 51%. On the other side of the Romanian job market, job 26% 28% losses have remained remarkably stable for the past six months. The percentage of businesses planning on shedding employees over the coming quarter is set to remain equally steady, with firing rates predicted to be 28%. Russia Like many of the surrounding countries, the Russian job market has seen an increase in hiring rates over the last three months. At 68%, Russia’s 68% 67% recruitment level this quarter better reflects that seen at the end of 2011 although this is expected to fall marginally to 67% during the following 37% 30% quarter. The number of Russian companies cutting staff has stayed more or less the same for this quarter’s report, indicating a good level of job stability for those employed in Russia. Turkey Recruitment rates in Turkey have recovered quite notably this quarter, having fallen to just 41% in March’s Snapshot. This trend is predicted to 57% 55% continue for the near future, with hiring levels rising slightly to 57%. The 43% 43% level of Turkish job cuts has also increased over the last few months from 31% to 43%. This increase is less than the rise in employment however, indicating a modest growth in the Turkish employment market for July’s Snapshot. Antal Global Snapshot | Edition 12 - July/August 2012 Page 7 www.snapshot.antal.com
  • 10. THE ‘ANTAL GLOBAL SNAPSHOT’ The local picture from The Middle East & 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? Egypt The Egyptian market is experiencing a high degree of unrest this quarter; 75% most likely as a result of the ongoing political uncertainty within the country. 61% Hiring rates have fallen from 55% to just 28% over the last three months, while the number of Egyptian businesses cutting managerial jobs has 28% 31% rocketed to 75%. The next few months should see this situation rectify itself quite significantly however, with employment rates rising once more to 61% and firing rates dropping to 31%. Qatar The percentage of companies in Qatar taking on new staff has remained at 76% 78% an impressive 76% this quarter, offering further evidence for Qatar’s “2030 Vision.” This once again gives Qatar the highest employment rates for the Middle East and one of the highest rates of any of the countries surveyed 37% 35% for this quarter’s report. In terms of job cuts, Qatar’s figures have continued to increase this quarter from 22% to 37%. The following few months should bring better news however, with firing levels beginning to decrease once more to 35%. Saudi Arabia After falling quite significantly last quarter, recruitment activity in Saudi 73% Arabia has experienced a notable recruitment boom over the last three 67% months. The percentage of companies currently employing staff at a managerial / professional level has climbed from a modest 57% in March’s 33% 33% Snapshot to an impressive 73%. Along the same lines, job cut rates in Saudi Arabia have continued to climb for this quarter’s report, but are expected to level out at 33% during the following quarter. South Africa Despite expectations that July’s Snapshot would see an increase in recruitment rates for South Africa, the percentage of companies hiring at a 57% managerial or professional level has declined modestly this quarter to 50%. 50% On the other hand, job cuts for this country continue to remain relatively low, with firing rates currently standing at 18% in line with the global 18% 12% average. Over the coming quarter this figure is predicted to fall to a low of just 12%, indicating significant job stability for those already employed in South Africa for the near future. United Arab Emirates As predicted in March’s Snapshot, the percentage of companies in the United Arab Emirates hiring new staff has increased this quarter to 54%. 54% 56% This figure should rise a further 2% in the coming months. In a similar fashion to its neighbouring countries in the region, the level of job cuts has 34% 33% also increased in the United Arab Emirates over the last three months. At 34%, firing rates are up 20% from March’s total, indicating quite considerable turnover in this country’s employment market at the present time. Antal Global Snapshot | Edition 12 - July/August 2012 Page 8 www.snapshot.antal.com
  • 11. THE ‘ANTAL GLOBAL SNAPSHOT’ The local picture from Asia Pacific. Are you currently hiring at managerial / professional level? Do you expect to hire at managerial / professional level over the coming quarter? Are you currently letting people go at managerial / professional level? Do you expect to let people go at managerial / professional level over the coming quarter? Australia July has brought relatively good news for the Australian job market, with the 64% 70% country’s hiring rates increasing and firing rates remaining level. At 64%, the level of recruitment in Australia is 10% greater than the figure predicted 46% 42% in March’s Snapshot and is set to increase a further 6% over the coming months. The percentage of companies letting staff go at a managerial level is relatively high at 42% but has remained stable during the recruitment boom, indicating a noteworthy growth in the Australian job market this quarter. China Hiring rates in China have remained remarkably stable over the last three 72% 72% months, currently standing at 72%. There is good evidence for China’s BRIC status for the coming quarter as well, with recruitment rates predicted to stay at this impressive level for the foreseeable future. On the other side of the job market, the number of Chinese businesses shedding managerial 22% 21% posts has decreased to 22%, giving China just slightly higher firing figures than the global average. India The Indian job market has remained stable this quarter with both hiring and firing rates staying more or less the same during the last three months. 55% 55% 56% of Indian companies are recruiting new staff at the moment, while 56% are looking to do so in the near future. Instead of rising to 38% for July, as predicted in March’s Snapshot, the percentage of Indian businesses 23% 19% shedding managers has fallen 1% to 23%, indicating a stable job market for now. Japan The level of recruitment in Japan has grown to a greater extent than expected this quarter, with the number of companies hiring new staff rising 62% 65% from 56% to 62%. Job loss rates in Japan have also failed to follow the predictions made in March’s Snapshot as the level of job cuts has not 33% 33% increased as expected, but instead decreased to 33%. The coming months are set to bring further growth within the Japanese job market, with hiring rates rising to 65% and firing rates remaining at 33%. Antal Global Snapshot | Edition 12 - July/August 2012 Page 9 www.snapshot.antal.com
  • 12. THE ‘ANTAL GLOBAL SNAPSHOT’ The local picture from Asia Pacific. Are you currently hiring at managerial / professional level? Do you expect to hire at managerial / professional level over the coming quarter? Are you currently letting people go at managerial / professional level? Do you expect to let people go at managerial / professional level over the coming quarter? Malaysia In a similar trend to a number of countries in the region, Malaysia’s recruitment rates have risen this quarter. Instead of falling to 42% as 58% predicted, the percentage of companies taking on staff at a managerial and 51% professional level has increased to 51%. A parallel reduction in the level of job losses has also been witnessed over the last three months and things 26% 23% are set to continue in this manner for the next quarter. It therefore seems the Malaysian employment market should continue to stabilise as the year progresses. New Zealand This quarter’s Snapshot indicates New Zealand’s employment market has been particularly active over the last three months. The good news is that 67% 63% 63% 67% recruitment rates have risen during this period to a respectable 67% and are expected to remain above 60% for the coming quarter. On the downside, the percentage of companies reducing staff numbers, or looking to do so has increased substantially according to this quarter’s report, inferring a high degree of turnover in New Zealand at present and for the immediate future. Pakistan At present, Pakistan boasts one of the highest recruitment rates in the 75% world, with the number of businesses hiring at a managerial level recorded 58% at 75% in this July’s Snapshot. This is set to fall over the next three months 42% 38% but remain above the halfway mark at 58%. In terms of job cuts, a figure of 42% indicates quite a high level of turnover in the job market at this time. Hopefully, the next few months should see this number starting to fall however, with firing levels diminishing slightly to 38%. Philippines After a prolonged stint as the leading job market in the world, employment in the Philippines has taken quite a hit this quarter. Recruitment rates have 58% dropped from a remarkable 97% to 51%, while the percentage of 51% 42% 38% businesses shedding staff numbers has risen from just 5% to 42%. This is against March’s expectations but should begin to improve during the coming quarter, with hiring levels increasing and firing rates decreasing to 58% and 38% respectively. Antal Global Snapshot | Edition 12 - July/August 2012 Page 10 www.snapshot.antal.com
  • 13. THE ‘ANTAL GLOBAL SNAPSHOT’ The local picture from Asia Pacific. Are you currently hiring at managerial / professional level? Do you expect to hire at managerial / professional level over the coming quarter? Are you currently letting people go at managerial / professional level? Do you expect to let people go at managerial / professional level over the coming quarter? Singapore At 45%, Singapore is witnessing the highest hiring rates it has seen in over a year. Over the next three months a record 49% of companies will be looking to take on new staff, showing ongoing growth in the Singaporean 45% 49% job market. Things are also looking positive in terms of job cuts for those working within this country. At present, a modest 18% of businesses in 18% 18% Singapore have been cutting staff at a managerial level, in line with the global average in this quarter’s report. South Korea The percentage of companies in South Korea hiring new managerial staff, or looking to do so over the next three months has remained above 50% in this July’s Snapshot. At present, 53% of businesses are undergoing 53% 51% recruitment with 51% planning to in the near future. On the other side of the 28% 28% job market, the level of job losses has increased in South Korea, as expected, to 28%. This figure should remain more stable in the coming quarter though, indicating more job stability for those employed within the South Korean employment market. Taiwan Hiring levels in Taiwan are among one of the highest for the region this 72% 70% quarter, with 70% of companies currently recruiting new staff. Equally favourably, firing rates for this country have taken an unexpected downturn over the last three months from 34% to a relatively modest 26%. As we 26% 28% enter the next quarter, Taiwan’s employment market is set to stay more or less steady for the time being as both hiring and firing rates for this country should vary by only 2% over the coming months. Antal Global Snapshot | Edition 12 - July/August 2012 Page 11 www.snapshot.antal.com
  • 14. THE ‘ANTAL GLOBAL SNAPSHOT’ The local picture from 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 Following a dip in hiring activity last quarter, recruitment rates for Argentina have risen again to 59%. At the same time, the recent months have brought 59% an increase in stability within the Argentinean employment market. Though 44% 44% 44% remaining comparatively higher than many of the other American countries, job cuts in Argentina have stayed stable over the last quarter, varying just 1% to 44%. Brazil There is good news for those seeking managerial or professional positions in Brazil this quarter, with recruitment levels rising 20% to a respectable 62% 62%. This figure is expected to fall slightly in the coming months but remain 55% above the halfway mark. On the other side of the Brazilian employment 34% 35% market, the percentage of companies cutting staff, or looking to do so in the near future remains relatively high, but steady, in this quarter’s Snapshot, signifying greater stability in the Brazilian job market. Canada As with many of the countries in the Americas, Canada’s hiring rates have 82% 73% increased quite significantly in the last three months. At 73%, Canada currently holds one of the highest levels of recruitment for both the region and the rest of the world. Over the coming quarter this figure is expected to 31% 32% reach even higher levels, with an impressive 82% of Canadian businesses taking on new staff. The rate of job loss for Canada has also diminished from 37% to 31% in the lead up to July, despite March’s predictions that greater levels of firing would be seen in this time. This should remain stable in the months that follow, varying just 1% to 32%. Antal Global Snapshot | Edition 12 - July/August 2012 Page 12 www.snapshot.antal.com
  • 15. THE ‘ANTAL GLOBAL SNAPSHOT’ The local picture from 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? Chile As predicted, the number of companies taking on new managers has risen in Chile this quarter. Following a brief dip in employment back in March, hiring levels for Chile now stand at 55%. In terms of job cuts, the current 55% 47% Snapshot indicates a drop in the percentage of businesses shedding staff in 33% 30% the last three months from 39% to 33%. This welcome decline is expected to continue as the year progresses, with firing rates falling again to 30%. Mexico The last three months have seen a remarkable boom in recruitment activity 74% 72% in Mexico, with employment figures leaping an impressive 38%. At 74%, Mexico now boasts the highest levels of recruitment of all the Americas. During this time, the percentage of Mexican businesses cutting managerial 31% 30% positions has also held steady, indicating substantial growth in the Mexican job market. The good news is predicted to continue for the following quarter with both hiring rates and firing numbers remaining stable at 72% and 30% respectively. United States of America At 66%, the United States of America’s hiring rates recovered substantially for this quarter’s Snapshot. Recruitment levels have risen from just 48% to 66% 66% 66% over the last three months and are set to stay at this level for the near future. At the same time, the most recent quarter has seen the rate of job 31% 28% losses fall very slightly to 31%. A further decline in job loss to 28% should follow during the next quarter, giving the United States of America the lowest level of job cuts across the Americas. Antal Global Snapshot | Edition 12 - July/August 2012 Page 13 www.snapshot.antal.com
  • 16. THE ‘ANTAL GLOBAL SNAPSHOT’ Most active hiring sectors over the coming quarter Western Europe CEE & Eurasia Media 60% E-Commerce & Social Media 82% Technology - Hardware 56% SSC/BPO 79% Technology - Software 51% Fashion 67% SSC/BPO 50% Technology - Software 64% Retail 49% Security Services 64% E-Commerce & Social Media 48% Telecommunications 46% Media 63% Middle East Africa 88% Construction & Engineering 79% Property Security Services 72% Automotive & Aerospace 81% Retail 71% FMCG 80% Telecommunications 70% 80% Technology - Software 70% Logistics Banking 67% Manufacturing 70% FMCG 67% Banking 67% 67% Property APAC Americas SSC/BPO 83% Legal 98% 82% Pharmaceuticals 84% Fashion Electronics 83% Medical 80% Construction & Engineering 80% Luxury Goods 80% E-Commerce & Social Media 78% FMCG 78% 75% Energy - Oil & Gas Chemicals 73% Property 75% Antal Global Snapshot | Edition 12 - July/August 2012 Page 14 www.snapshot.antal.com
  • 17. THE ‘ANTAL GLOBAL SNAPSHOT’ Detailed examination of the Western Europe Key Sectors GERMANY ACCOUNTANCY AGRICULTURE AUTOMOTIVE & AEROSPACE 40% 79% 37% 40% 29% 28% 37% 14% 5% 20% 14% 6% BANKING CHEMICALS CONSTRUCTION & ENGINEERING 50% 27% 36% 30% 15% 25% 50% 6% 10% 30% 6% 14% CONSUMER GOODS E-COMMERCE & SOCIAL MEDIA ELECTRONICS 48% 75% 46% 7% 50% 32% 4% 25% 11% 3% 25% 8% ENERGY - OIL & GAS ENERGY - RENEWABLES FMCG 56% 47% 22% 22% 40% 21% 33% 7% 3% 28% 20% 4% LEISURE LOGISTICS 49% 71% 19% 51% 2% 8% 2% 7% 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? Antal Global Snapshot | Edition 12 - July/August 2012 Page 15 www.snapshot.antal.com
  • 18. THE ‘ANTAL GLOBAL SNAPSHOT’ Detailed examination of the Western Europe Key Sectors GERMANY LUXURY GOODS MANUFACTURING MEDIA 44% 88% 60% 15% 50% 70% 5% 38% 30% 2% 13% 30% MEDICAL PACKAGING PHARMACEUTICALS 39% 50% 28% 35% 38% 24% 21% 8% 4% 22% 13% 2% PROPERTY RETAIL SECURITY SERVICES 100% 57% 17% 80% 29% 8% 0% 29% 8% 0% 29% 0% TECHNOLOGY - HARDWARE TECHNOLOGY - SOFTWARE TELECOMMUNICATIONS 55% 53% 60% 60% 53% 20% 25% 9% 80% 20% 8% 60% UTILITIES 60% 60% 20% 20% 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? Antal Global Snapshot | Edition 12 - July/August 2012 Page 16 www.snapshot.antal.com
  • 19. THE ‘ANTAL GLOBAL SNAPSHOT’ Detailed examination of the Western Europe Key Sectors ITALY ACCOUNTANCY AUTOMOTIVE & AEROSPACE BANKING 64% 41% 35% 64% 43% 36% 45% 18% 17% 36% 11% 15% CHEMICALS CONSTRUCTION & ENGINEERING CONSUMER GOODS 42% 22% 46% 40% 33% 46% 25% 22% 14% 25% 28% 16% E-COMMERCE & SOCIAL MEDIA EDUCATION ELECTRONICS 82% 57% 52% 64% 43% 57% 36% 29% 13% 18% 43% 13% ENERGY - OIL & GAS ENERGY - RENEWABLES FASHION 38% 26% 28% 50% 26% 25% 15% 35% 16% 27% 48% 19% FMCG INSURANCE 47% 39% 44% 33% 20% 11% 15% 12% 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? Antal Global Snapshot | Edition 12 - July/August 2012 Page 17 www.snapshot.antal.com
  • 20. THE ‘ANTAL GLOBAL SNAPSHOT’ Detailed examination of the Western Europe Key Sectors ITALY LEISURE LOGISTICS LUXURY GOODS 52% 53% 55% 43% 41% 45% 19% 6% 6% 17% 18% 3% MANUFACTURING MEDIA MEDICAL 38% 47% 39% 42% 60% 31% 33% 40% 19% 33% 47% 14% PHARMACEUTICALS PROPERTY RETAIL 46% 25% 49% 32% 38% 55% 17% 50% 11% 19% 50% 13% TECHNOLOGY - HARDWARE TECHNOLOGY - SOFTWARE TELECOMMUNICATIONS 57% 48% 56% 71% 57% 50% 29% 19% 56% 43% 17% 61% UTILITIES 33% 17% 33% 17% 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? Antal Global Snapshot | Edition 12 - July/August 2012 Page 18 www.snapshot.antal.com
  • 21. THE ‘ANTAL GLOBAL SNAPSHOT’ Detailed examination of the Western Europe Key Sectors NETHERLANDS ACCOUNTANCY AUTOMOTIVE & AEROSPACE BANKING 30% 71% 29% 20% 57% 14% 40% 43% 0% 40% 57% 0% CHEMICALS CONSTRUCTION & ENGINEERING E-COMMERCE & SOCIAL MEDIA 39% 56% 70% 28% 44% 70% 17% 56% 20% 17% 44% 20% ELECTRONICS ENERGY - OIL & GAS FMCG 50% 29% 67% 67% 43% 44% 33% 14% 56% 33% 14% 33% INSURANCE LEISURE LOGISTICS 50% 83% 53% 25% 67% 47% 25% 17% 18% 0% 17% 29% MANUFACTURING MEDICAL TECHNOLOGY - HARDWARE 43% 67% 46% 36% 60% 62% 21% 40% 31% 29% 27% 46% TECHNOLOGY - SOFTWARE TELECOMMUNICATIONS 58% 25% 57% 0% 16% 50% 17% 75% 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? Antal Global Snapshot | Edition 12 - July/August 2012 Page 19 www.snapshot.antal.com
  • 22. THE ‘ANTAL GLOBAL SNAPSHOT’ Detailed examination of the Western Europe Key Sectors SPAIN AGRICULTURE AUTOMOTIVE & AEROSPACE BANKING 17% 33% 29% 50% 28% 29% 17% 11% 18% 33% 15% 18% CHEMICALS CONSTRUCTION & ENGINEERING CONSUMER GOODS 31% 25% 47% 29% 22% 35% 29% 42% 47% 27% 42% 41% E-COMMERCE & SOCIAL MEDIA ELECTRONICS ENERGY - OIL & GAS 28% 22% 5% 28% 22% 16% 44% 12% 32% 28% 18% 32% ENERGY - RENEWABLES FASHION FMCG 17% 18% 28% 26% 9% 23% 26% 18% 38% 40% 9% 33% LEGAL LEISURE LOGISTICS 16% 33% 31% 8% 28% 29% 11% 33% 10% 11% 39% 10% 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? Antal Global Snapshot | Edition 12 - July/August 2012 Page 20 www.snapshot.antal.com
  • 23. THE ‘ANTAL GLOBAL SNAPSHOT’ Detailed examination of the Western Europe Key Sectors SPAIN LUXURY GOODS MANUFACTURING MEDIA 100% 37% 36% 67% 29% 27% 33% 20% 32% 33% 18% 9% MEDICAL MINING PACKAGING 50% 50% 30% 37% 25% 20% 17% 25% 30% 20% 0% 20% PHARMACEUTICALS PROPERTY RETAIL 50% 29% 57% 50% 14% 43% 18% 14% 39% 18% 14% 43% TECHNOLOGY - HARDWARE TECHNOLOGY - SOFTWARE TELECOMMUNICATIONS 33% 43% 30% 45% 38% 22% 33% 25% 48% 38% 33% 43% UTILITIES VETERINARY 36% 35% 45% 33% 9% 11% 9% 11% 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? Antal Global Snapshot | Edition 12 - July/August 2012 Page 21 www.snapshot.antal.com
  • 24. THE ‘ANTAL GLOBAL SNAPSHOT’ Detailed examination of the Western Europe Key Sectors UNITED KINGDOM ACCOUNTANCY AUTOMOTIVE & AEROSPACE BANKING 29% 43% 50% 43% 36% 63% 43% 21% 50% 29% 14% 25% CHEMICALS CONSTRUCTION & ENGINEERING E-COMMERCE & SOCIAL MEDIA 50% 36% 63% 50% 36% 50% 23% 29% 13% 22% 29% 13% ENERGY - OIL & GAS FMCG LEISURE 50% 47% 69% 50% 42% 54% 35% 37% 38% 33% 37% 31% LUXURY GOODS MANUFACTURING 75% 42% 50% 50% 50% 31% 0% 31% 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? Antal Global Snapshot | Edition 12 - July/August 2012 Page 22 www.snapshot.antal.com
  • 25. THE ‘ANTAL GLOBAL SNAPSHOT’ Detailed examination of the Western Europe Key Sectors UNITED KINGDOM MEDIA MEDICAL PACKAGING 36% 73% 75% 27% 55% 50% 27% 27% 15% 18% 18% 25% PHARMACEUTICALS PROPERTY RETAIL 76% 25% 70% 71% 50% 60% 14% 0% 60% 5% 50% 30% SECURITY SERVICES TECHNOLOGY - HARDWARE TECHNOLOGY - SOFTWARE 67% 30% 53% 33% 60% 62% 27% 42% 23% 10% 22% 28% TELECOMMUNICATIONS 36% 27% 50% 55% 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? Antal Global Snapshot | Edition 12 - July/August 2012 Page 23 www.snapshot.antal.com
  • 26. THE ‘ANTAL GLOBAL SNAPSHOT’ Detailed examination of the CEE Key Sectors BULGARIA ACCOUNTANCY AUTOMOTIVE & AEROSPACE BANKING 30% 63% 71% 20% 50% 57% 10% 12% 41% 10% 11% 32% CONSTRUCTION & ENGINEERING FMCG LEISURE 17% 64% 79% 33% 36% 37% 42% 45% 11% 50% 36% 26% MANUFACTURING MEDIA MEDICAL 48% 81% 50% 39% 76% 50% 13% 10% 15% 22% 0% 8% MINING PHARMACEUTICALS PROPERTY 100% 80% 50% 14% 50% 25% 21% 16% 25% 14% 20% 25% TECHNOLOGY - SOFTWARE TELECOMMUNICATIONS 80% 61% 78% 39% 15% 50% 12% 44% 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? Antal Global Snapshot | Edition 12 - July/August 2012 Page 24 www.snapshot.antal.com
  • 27. THE ‘ANTAL GLOBAL SNAPSHOT’ Detailed examination of the CEE Key Sectors HUNGARY ACCOUNTANCY AUTOMOTIVE & AEROSPACE BANKING 15% 25% 11% 38% 42% 19% 40% 8% 76% 20% 33% 59% CONSTRUCTION & ENGINEERING E-COMMERCE & SOCIAL MEDIA ENERGY - OIL & GAS 50% 20% 25% 17% 60% 50% 33% 20% 13% 17% 14% 25% FMCG LOGISTICS MANUFACTURING 16% 17% 34% 32% 17% 50% 16% 8% 13% 11% 0% 34% MEDICAL PACKAGING PHARMACEUTICALS 50% 33% 45% 25% 44% 36% 0% 8% 18% 0% 11% 9% RETAIL TECHNOLOGY - HARDWARE TECHNOLOGY - SOFTWARE 21% 25% 18% 21% 58% 47% 36% 17% 12% 41% 25% 24% TELECOMMUNICATIONS 44% 39% 28% 39% 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? Antal Global Snapshot | Edition 12 - July/August 2012 Page 25 www.snapshot.antal.com
  • 28. THE ‘ANTAL GLOBAL SNAPSHOT’ Detailed examination of the CEE Key Sectors POLAND ACCOUNTANCY AUTOMOTIVE & AEROSPACE BANKING 54% 61% 60% 59% 45% 59% 26% 10% 28% 15% 9% 23% CHEMICALS CONSTRUCTION & ENGINEERING E-COMMERCE & SOCIAL MEDIA 48% 40% 95% 65% 37% 86% 35% 18% 14% 9% 23% 14% ELECTRONICS ENERGY - OIL & GAS ENERGY - RENEWABLES 42% 45% 47% 24% 45% 47% 18% 9% 20% 16% 9% 20% FMCG INSURANCE LEGAL 57% 61% 68% 41% 62% 70% 19% 25% 46% 14% 20% 46% LOGISTICS 65% 60% 18% 22% 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? Antal Global Snapshot | Edition 12 - July/August 2012 Page 26 www.snapshot.antal.com
  • 29. THE ‘ANTAL GLOBAL SNAPSHOT’ Detailed examination of the CEE Key Sectors POLAND MANUFACTURING MEDIA MEDICAL 48% 57% 40% 37% 65% 48% 13% 22% 24% 14% 14% 16% PACKAGING PHARMACEUTICALS PROPERTY 57% 52% 42% 45% 46% 33% 15% 15% 26% 15% 20% 19% RETAIL SCC/BPO TECHNOLOGY - HARDWARE 37% 78% 68% 33% 79% 58% 36% 2% 11% 32% 0% 13% TECHNOLOGY - SOFTWARE TELECOMMUNICATIONS UTILITIES 66% 57% 48% 66% 49% 52% 12% 27% 9% 14% 29% 13% 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? Antal Global Snapshot | Edition 12 - July/August 2012 Page 27 www.snapshot.antal.com
  • 30. THE ‘ANTAL GLOBAL SNAPSHOT’ Detailed examination of the CEE Key Sectors ROMANIA ACCOUNTANCY AUTOMOTIVE & AEROSPACE BANKING 53% 50% 33% 40% 38% 40% 47% 13% 53% 33% 8% 53% CHEMICALS CONSTRUCTION & ENGINEERING CONSUMER GOODS 50% 68% 45% 60% 56% 36% 10% 41% 9% 10% 44% 0% ENERGY - OIL & GAS FMCG LOGISTICS 54% 43% 50% 62% 37% 56% 23% 33% 6% 31% 30% 13% MANUFACTURING MEDICAL PACKAGING 41% 67% 43% 56% 67% 21% 26% 22% 14% 35% 15% 29% PHARMACEUTICALS TECHNOLOGY - SOFTWARE 79% 58% 71% 50% 21% 17% 14% 12% 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? Antal Global Snapshot | Edition 12 - July/August 2012 Page 28 www.snapshot.antal.com