Antal Global Snapshot Reveals Hiring and Firing Trends Across Regions

Edition 11 - April 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 Key Sectors Continued…

Introduction - Page 1 Eastern Europe & Eurasia
Eastern Europe & Eurasia Overview - Page 31
Poland - Page 32 & 33
Local Picture Romania - Page 34 & 35

Western Europe Middle East
Austria, Belgium, Denmark & Finland - Page 2 Middle East Overview - Page 36
France, Germany, Greece & Ireland - Page 3 United Arab Emirates - Page 37
Italy, Luxembourg, Malta & Netherlands - Page 4
Norway, Portugal, Spain & Sweden - Page 5 Africa
Switzerland & United Kingdom - Page 6 Africa Overview - Page 38
South Africa - Page 39 & 40
Eastern Europe & Eurasia
Bulgaria, Croatia, Czech Republic & Hungary - Page 7 Asia Pacific
Poland, Romania, Russia & Turkey - Page 8 Asia Pacific Overview - Page 41
Israel - Page 9 China - Page 42 & 43
India - Page 44
Middle East Philippines - Page 45
Bahrain, Kuwait, Oman & Qatar - Page 10 Singapore - Page 46 & 47
Saudi Arabia & United Arab Emirates - Page 11
The Americas
Africa The Americas Overview - Page 48
Algeria, Angola, Egypt & Ghana - Page 12
Nigeria & South Africa - Page 13
Disciplines and Functions
Asia Pacific
Australia, China, India & Japan - Page 14 Western Europe - Page 49
Malaysia, New Zealand, Philippines & Singapore - Page 15 Eastern Europe & Eurasia - Page 50
South Korea, Taiwan & Vietnam - Page 16 Middle East - Page 51
Africa - Page 52
The Americas Asia Pacific - Page 53
Argentina, Brazil, Canada & Chile - Page 17 The Americas - Page 54
Mexico & United States of America - Page 18

Conclusions
Key Sectors
Winners & Losers – Page 55 & 56
Western Europe Conclusion - Page 57
Western Europe Overview - Page 19
France - Page 20
Germany - Page 21 & 22
Italy - Page 23 & 24
Netherlands - Page 25 & 26
Spain - Page 27 & 28
United Kingdom - Page 29 & 30

Antal Global Snapshot | Edition 11 - April 2012 www.snapshot.antal.com


Introduction
The 'Antal Global Snapshot' is a regular survey of hiring (and firing) trends in some of the world's most important
employment markets and in those likely to join this group over the coming decade. This eleventh report in the series is
based upon material sourced from more than 17,000 businesses in commerce, industry and the financial services
sector in 56 key countries on five continents.

We hope that you find it both interesting and useful.

Chairman and CEO
Antal International

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

Methodology
This edition of the 'Antal Global Snapshot' is based upon survey forms and telephone interviews completed by line
and HR Managers in 17199 companies, professional partnerships and financial institutions across 56 countries in
February and March 2012.

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

Antal Global Snapshot | Edition 11 – April 2012 Page 1 www.snapshot.antal.com

Local Picture - Detailed information on the key markets surveyed.

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

Austria Belgium

43% 46% 43%
40% 35% 34% 32%
28%

As December’s Snapshot predicted, Austrian hiring levels Recruitment of managerial and professional staff in Belgium
have remained above 40% this quarter. The number of has fallen quite substantially this quarter from 60% to 46%.
companies currently recruiting new staff stands at 43% and is This is set to level out over the coming months, however, and
set to remain quite stable over the next few months. Austrian remain at 43%. Belgium’s firing levels have been more stable
firing levels have also increased this quarter; rising from 19% during the first quarter of 2012 and currently stand at 28%.
to 35%. This however, is most likely a result of the significant This figure is expected to rise very modestly to 32% but still
recruitment boom within Austrian companies seen in the latter remain lower than the high of 37% seen this time last year.
half of 2011.

Denmark Finland

51% 47% 49%
42% 45%
35% 39%
31%

Those seeking managerial positions in Denmark this quarter As predicted, hiring levels in Finland have fallen this quarter,
have not seen the expected boom of employment, as while the number of businesses looking to shed staff has
predicted by December’s Snapshot. Hiring levels have risen. This has happened to a greater extent than expected;
remained relatively consistent though, falling just 2% from particularly in terms of the percentage of companies recruiting
53% to 51%. Over the following few months, the percentage new staff. According to this quarter’s Snapshot, hiring rates in
of companies recruiting is expected to fall a little further to Finland now stand at 49% rather than the predicted 57%. The
47%. This figure, however, is greater than hiring levels next quarter is looking more positive, however, with hiring
currently present within some of Denmark’s neighbouring levels remaining relatively consistent at 45% and Finland’s
countries. On the other hand, firing levels have also dropped firing levels dropping from 39% to 31%.
slightly this quarter to 35%, indicating more of those already
in employment are keeping their jobs.

Antal Global Snapshot | Edition 11 – April 2012 Page 2 www.snapshot.antal.com


Western Europe Continued...stern Western Europe

France Germany

36% 39%
30% 32% 32%
22%
8% 7%

The number of French companies looking to recruit at a Despite the present unrest concerning the Euro in Western
managerial and professional level has dropped quite Europe, Germany’s job market has once again remained
significantly in the early months of 2012. At present, 36% of stable this quarter. Recruitment figures have not fallen to 25%
businesses in France are hiring new staff. Over the next few as predicted in December’s Snapshot, but remain at 32%.
months, things are expected to take a turn for the better, The percentage of German companies letting staff go this
however. Hiring levels are predicted to be 39% next quarter, quarter also stands at a consistently low rate of 8% and just
indicating a modest yet noteworthy rise and an increase in 7% of businesses are currently looking to shed staff at a
stability within the French job market. Firing levels for the managerial / professional position over the next three months.
present quarter and those predicted for the next have
remained somewhat more stable, with 30% of French
businesses currently letting staff go and 32% looking to do so
in the near future.

Greece Ireland

42% 47% 45% 47% 43% 42%
35% 38%

Following a somewhat surprisingly high degree of recruitment Similar to much of Western Europe, the percentage of Irish
last quarter, given Greece’s current economic instability, companies undergoing recruitment has fallen this quarter.
hiring levels in Greece have fallen in the start of 2012. At 43% of businesses are currently hiring at a managerial /
present, 42% of Greek businesses are taking on new staff at professional level, while 42% will be looking to do so over the
a managerial and professional level; 18% less than in next quarter. Firing rates have remained more stable though,
December. The percentage of companies letting people go rising just 3% over the last three months. This is particularly
has also risen from 38% to 45%, perhaps quite pleasing given that Ireland had one of the highest levels of
understandably. The good news, however, for Greece is that recruitment in the last Snapshot, indicating many of the
over the next three months hiring levels are once again set to managerial staff hired in Q4 2011 are keeping their jobs.
take a positive turn, with 47% of Greek corporations looking
to recruit new staff.

Antal Global Snapshot | Edition 11 - April 2012 Page 3 www.snapshot.antal.com


Western Europe Continued...stern Western Europe

Italy Luxembourg

50% 48%
39% 41%
23% 27%
15% 16%

Despite much fluctuation for some of its neighbouring After a significant boom in hiring activity at the end of 2012,
countries, Italy’s employment market has stayed relatively the percentage of companies in Luxembourg currently taking
steady this quarter. Hiring levels have dropped slightly from on new staff has gone back down to 50%. This is expected to
42% to 39% and the number of Italian companies letting staff decrease slightly over the next three months to 48% but
go has risen a little to 15%. It should be noted however, that remain more or less stable. Firing levels in Luxembourg have
this current level of job loss is one of the lowest in Western also decreased quite dramatically this quarter, from 41% to
Europe and is predicted to remain so for the coming quarter. 23%, and are set to remain in the twenties for the coming
This infers a good amount of job stability for those already months. This indicates more employees hired in the boom are
working in Italy. keeping their jobs.

Malta Netherlands

53% 58% 53% 50%
42% 40%
20% 19%

Hiring levels have dropped quite substantially in Malta this Things are looking positive for the Netherlands’ job market
quarter to 53%. This, however, does follow an impressive this quarter. Hiring levels have steadied at 40% and are set to
82% of businesses hiring staff in the months leading up to rise to 50% over the next few months - 1% higher than July
December - the highest for Western Europe. Understandably, last year. Though only a 1% decrease in job loss was
the number of companies shedding staff has also risen rather predicted, the number of companies letting staff go has also
significantly from 27% to 58% during this time. Firing levels, fallen considerably this quarter from 38% to just 20%. This
however, are set to take a downward turn during the coming value is expected to go down further to 19% over the next
quarter, falling from 58% to 53%. three months, signalling a fair amount of growth for the Dutch
employment market.



Western Europe Continued...stern Europe

Norway Portugal

48% 45%
35% 37% 36% 39%
29% 32%

Following quite significant activity within the Norwegian job After a somewhat inconsistent year, hiring rates in Portugal
market last quarter, hiring levels have fallen for the start of have settled around those seen this time last year. At present,
2012. At present, 48% of companies are employing 35% of companies are recruiting new staff and 37% are
managerial / professional staff and 45% are expecting to do looking to do so over the coming quarter. Job losses have
so over the next few months. Job loss activity has also also increased from 23% to 36% in the first part of 2012,
decreased, though not quite as much as predicted. The indicating a higher level of turnover in the Portuguese
percentage of Norwegian businesses currently cutting staff employment market. This does follow a significant drop in the
has fallen from 35% to 29%. The next quarter is set to see a number of companies letting staff go, however, and
slight increase in this figure but Norwegian jobs will still resembles more the activity seen in March last year when
remain more stable than six months ago. Portugal’s employment activity was more steady.

Spain Sweden

46% 50%
29% 30% 32%
25% 26% 26%

Recruitment rates in Spain have recovered slightly this Similar to many of the other higher flyers seen last quarter
quarter to 29%, after falling by 8% in December. On the other within Western Europe, hiring levels in Sweden have gone
side, the percentage of companies shedding employees has down quite dramatically over the last three months. The
also increased from 18% to 26% over the last few months. percentage of Swedish companies taking on new staff has
This is understandable, however, given the sudden dip in job fallen from 68% to 46%. This is expected to improve,
cuts in last quarter’s Snapshot and is equivalent to those however, over the coming quarter and rise to a respectable
present before the slump. Firing levels are set to remain 50%. The rate of job cuts will remain more stable during this
stable for the near future, inferring an increase in stability for period, varying just 2% from 28% to 30%. This is reassuring,
the Spanish employment market over the coming months. despite a fall in recruitment activity, as it indicates that those
hired during the boom are retaining their positions.



Western Europe Continued...stern Europe

Switzerland United Kingdom

45% 45%
31% 28% 30%
23%
12% 11%

Following an unexpected rise in employment last quarter, the The level of recruitment activity in the United Kingdom has
percentage of businesses in Switzerland taking on new staff remained more stable this quarter, after taking a quite
has fallen to 31% during the start of 2012. This is set to significant dip in the lead up to December. Currently, 45% of
decrease to 23% over the few coming months. On a positive companies in the United Kingdom are recruiting at a
note, however, job loss rates are at a consistently low level managerial and professional level and the same will be
for Western Europe - standing at just 12%. This lack of looking to do so over the next few months. The number of
turnover in Switzerland’s employment market is expected to businesses shedding staff this quarter has increased slightly
continue for the next quarter, offering a high degree of job from 24% to 28%. This figure, however, is still lower than that
security for those employed by Swiss companies. seen six months ago. As the year progresses, the United
Kingdom can look forward to a notably stable employment
market, despite the current unrest other countries in the
European Union may be experiencing with the Euro.



Eastern Europe & Eurasia

Bulgaria Croatia

62%
53%
43% 41%
37% 37%
27%
19%

The start of 2012 has seen a new high in terms of hiring Current hiring activity in Croatia has taken a positive turn this
activity for Bulgarian businesses. Recruitment of managerial / quarter, rising from 38% to 43%. Over the next few months,
professional staff has increased by an impressive 14% from the percentage of Croatian companies recruiting is expected
48% to 62% this quarter, indicating a positive outlook for to diminish slightly but will remain above 40%. In terms of job
those seeking employment in this country. On the other side, cuts, the number of companies shedding staff in Croatia has
the percentage of Bulgarian companies currently letting staff risen quite dramatically over the last three months from just
go has also increased to 37%, but to a lesser extent than that 13% to 27%, indicating a high level of turnover within the
seen for recruitment. Though 37% indicates a relatively high Croatian job market. The coming quarter should see this
staff turnover at present; this figure is predicted to remain unexpected increase in activity end, however, with firing
stable over the next few months, putting an end to the upward levels dropping down again to 19%.
trend in Bulgarian job losses over the past six months.

Czech Republic Hungary

47% 44%
38% 36%
28% 25% 26% 30%

After a sudden boom in employment registered in last There is good news for Hungary in this quarter’s Snapshot, as
quarter’s Snapshot, hiring levels in the Czech Republic have hiring levels have remained consistent at 38% - despite being
returned to 47% over the last three months. The percentage predicted to fall considerably to just 27%. The number of
of companies letting staff go has also risen during this time companies looking to recruit at a managerial / professional
from 23% to 28%, though to a far less extent than recruitment level is set to decrease slightly over the coming three months
levels have dropped. This represents a positive outlook for but only by a further 2%. On the other side, the percentage of
those in employment, as businesses in the Czech Republic Hungarian businesses shedding employees has also fallen
have clearly retained much of the workforce hired during slightly from 29% to 26%, indicating more staff with
December’s boom. Job cuts are set to fall again over the next managerial positions are keeping their jobs.
quarter to 25%, offering further stability for employees within
the Czech Republic.



Eastern Europe & Eurasia Continued...

Poland Romania

58%
52% 49% 48%
27% 28%
16% 15%

Despite once again being predicted to fall, recruitment rates The percentage of Romanian businesses currently hiring new
in Poland have remained consistent at a respectable 58% this staff has fallen this quarter from 57% to 49%. This is set to
quarter. This Snapshot suggests that this will drop to 52% stabilise over the coming three months, however, changing by
over the next three months, but only time will tell if this is just 1% to 48%. The level of job cuts has also stayed
case. Firing levels in Poland have also stayed attractively low relatively consistent for March’s Snapshot. At present the
during the first quarter of 2012. At present, just 16% of Polish number of Romanian companies shedding managerial /
companies are downsizing their workforce and only 15% are professional staff stands at 27% - only 1% up on December’s
planning to do so over the next three months. figures. Next quarter, job loss figures will also increase by
1%, indicating the Romanian employment market is
remarkably steady at this time.

Russia Turkey

58% 56% 52%
41% 45% 43%
31% 27%

The level of hiring activity in Russia has fallen this quarter After a six month boom of hiring activity in Turkey, recruitment
from 67% to 58%. Despite this, Russia still boasts higher levels have finally fallen again, as was predicted in
employment rates than any of those present across Europe at December’s Snapshot. Somewhat surprisingly, though, this
this time. The percentage of companies looking to take on has been to a greater degree than expected, with the number
new managerial and professional staff over the next few of Turkish companies taking on new staff dropping from 74%
months is also expected to remain in the fifties - decreasing to just 41%. Turkish job cut rates stand at 31% at present,
by just 2% to 56%. On the other side, the level of Russian increasing 3% over the last few months. Fortunately,
jobs being cut continues to drop in this quarter’s snapshot to however, this indicates that despite Turkish companies’ lack
31%. The number of businesses looking to shed staff in the of expansion this quarter, most of the staff that were
near future is set to continue in this downward trend, employed during the recruitment boom have remained secure
representing an ongoing, positive outlook for those in Russian in their jobs.
employment.



Eastern Europe & Eurasia Continued...

Israel

51% 46% 49%
43%

In this quarter’s Snapshot, Israel’s employment market
continues to be noticeably active, despite December’s edition
predicting hiring levels were set to fall to 44%. Instead, the
percentage of companies in Israel undergoing recruitment
has remained in the fifties. This is set to drop below the half -
way mark in the coming quarter- though whether this actually
happens is yet to be seen. Israel’s firing rates have also
grown over the last three months to 43%, but to a lesser
extent than hiring has dropped. This indicates more
managerial / professional employees are retaining their jobs.



Middle East

Bahrain Kuwait

55% 60%
53% 49%
47% 47%
32% 32%

Bahrain’s recruitment levels have stayed fairly steady over At 60%, the percentage of companies hiring at a managerial /
the last few months. The percentage of companies hiring staff professional level in Kuwait has risen by 7% this quarter - 1%
lies at 53% at present - 1% more than in December’s more than predicted three months ago. On the other side, the
Snapshot. This modest, yet positive trend for employment has level of job losses has also increased during this time by 3%
been predicted to continue for the coming quarter, with 55% to 32% and is set to remain the same for the coming quarter.
of Bahrain’s companies looking to hire at a managerial level Since this rise in firing activity stands below that for
over the next three months. In terms of job loss rates in recruitment, however, it seems Kuwait’s job market has
Bahrain this quarter, the number of businesses shedding expanded in 2012. The number of companies hiring new staff
staff, or looking to do so soon, has increased quite markedly within the next few months is expected to decrease to 49%,
as expected - from 35% to 47%. This should level out as the but whether this occurs is yet to be confirmed.
year progresses, however, and remain at a high but steady
47%.

Oman Qatar

74% 77%
69% 65%

22% 25%
12% 17%

Despite December’s prediction that Oman’s recruitment This March, Qatar again boasts the highest rates of
activity would fall this quarter, the percentage of companies employment for the region and the second highest in the
hiring at a managerial / professional level has increased by world. The number of companies recruiting new staff has
4% to 74% - one of the highest for the region. Job losses remained at 77% over the last six months, in line with the
have also plummeted in this time from 26% to just 12%, country’s ‘2030 Vision.’ Hiring levels are expected to fall over
indicating a high degree of employment stability for those the coming quarter but remain at a respectable 65%. Firing
working in Oman. Over the next few months, the number of rates have been less stable since December - rising from just
businesses looking to shed managerial staff is expected to 14% to 22%. This trend is set to continue for the near future,
grow somewhat to 17%, but this will still leave Oman with the but to a lesser extent with job cuts reaching 25%.
lowest rates for job loss in the region.



Middle East Continued...

Saudi Arabia United Arab Emirates

64%
57% 54%
49%

19% 22%
14% 14%

Following a significant recruitment boom, hiring activity in Hiring activity in the United Arab Emirates has fallen by 13%
Saudi Arabia has dropped quite considerably this quarter this quarter. Yet at 49%, this figure still remains higher than
from 73% to 57%. Things are expected to take a turn for the this time last year. The employment market is also set to
better over the coming few months, however, with the recover over the coming months, with recruitment rates
percentage of companies hiring rising again to a respectable growing to 54%. In terms of job loss rates, the percentage of
64%. On the other side of the job market, firing activity has businesses in the United Arab Emirates downsizing staff
increased as expected from a record low of 10% to 19%. numbers has stayed at one of the lowest for the region-just
Given the current drop in recruitment activity in Saudi Arabia 14%. The coming few months will see firing activity remain at
though, this modest increase indicates many of the staff hired this consistently low value, signalling a good degree of job
in the boom are retaining their positions and the Saudi stability for this country.
Arabian job market is rightsizing.



Africa

Algeria Angola

45% 49% 49% 46%
40% 43% 42% 41%

The percentage of Algerian companies hiring managerial and With hiring rates currently standing at 49%, Angola’s job
professional staff is quite low in relation to its fellow African market is not as active as some of the neighbouring
countries. At present, Algerian recruitment rates stand at 45% countries. Over the next few months, this figure will fall
and are expected to lower modestly to 40% over the next slightly but remain above 40%. On the other side of Angola’s
three months. At 49%, the level of job cuts is also relatively employment market, there is a relatively high degree of
high within the Algerian job market compared to some of the turnover occurring at present. 41% of companies are looking
surrounding areas. Things are set to improve for the coming to cut managerial / professional positions this quarter and
quarter, however, with the number of Algerian businesses 46% are predicting they will do so over the next three months.
looking to shed employees taking a downward turn towards Whether this occurs in practice, however, is yet to be
43%. confirmed.

Egypt Ghana

54% 56% 55% 55%
41% 45%
23% 24%

In spite of the ongoing political unrest, the Egyptian job Hiring activity in Ghana has increased by 9% for this quarter’s
market is faring relatively well. The percentage of companies Snapshot to 55%. This value is set to remain steady for the
hiring at a managerial and professional level has fallen from next few months, after a year of somewhat dramatic
December’s high of 64% to 55% this quarter. However, the fluctuations. The percentage of Ghana’s businesses shedding
rate of job cuts has also dropped to a greater extent from staff at the start of 2012 has risen to a higher degree than
34% to 23%, indicating more employees are keeping their expected - from 23% to 41%, indicating a high level of
jobs. The next few months should bring continued stability for turnover within Ghana’s job market. Over the coming quarter
the Egyptian employment market as well with both hiring and job cuts have been predicted to increase further, but to a
firing levels varying by just 1% - a notable achievement given more modest extent than for this March’s Snapshot.
the current political instability of this country.



Africa Continued...

Nigeria South Africa

56% 59%
53%
44% 40%
32%
19% 15%

After the significant recruitment boom in Nigeria back in Though the level of South African companies recruiting new
December, the percentage of companies hiring new staff has staff has reduced by 15% this quarter to 53%, firing rates for
fallen quite substantially from 73% to 44%. The next quarter this country are the lowest for Africa - at 19%. The following
should see Nigeria’s job market recover well, however, with three months are expected to bring more good news with
56% of businesses expecting to recruit during the next three both hiring rates increasing to 59% and firing rates falling in
months - one of the highest rates for Africa. As predicted, job parallel to a modest 15%. This indicates the South African
losses in Nigeria have gone up from 27% to 32% over this employment market is set to grow as the year progresses.
quarter and are expected to reach 40% in the near future.
Nevertheless, recruitment does remain the more active field,
indicating more Nigerian employees are keeping their jobs
after the boom.



Asia Pacific

Australia China

72% 71%
55% 54%
41% 38%
24% 26%

Australia’s recruitment activity has fallen by 18% this quarter In line with the country’s BRICS status, the percentage of
to 55% - a value better reflecting that predicted back in the Chinese companies hiring at a managerial / professional level
Snapshot of July 2011. This figure is set to level out over the has increased this quarter. Current hiring rates stand at 72%
coming three months, however, with 54% of Australian and will remain in the seventies over the next few months.
companies looking to take on staff in the near future. On the The number of Chinese businesses downsizing staff numbers
other side of the employment market, job cuts in Australia has also increased for this quarter’s report - rising from 17%
have increased for the start of 2012 from 31% to 41%. The to 24%. This indicates a growing degree of turnover within the
good news, though, is that for this next quarter the Chinese job market for the immediate future - though Chinese
percentage of companies looking to shed employees should firing rates will still be lower than most in the region.
take a downward turn and fall to 38%.

India Japan

55% 57% 56% 58%
44%
38% 36%
24%

After an impressive year of recruitment activity, Indian hiring The Japanese employment market has taken a bit of a hit this
levels have fallen to 55% for the start of 2012. This brief lull quarter - understandable given the recent natural disasters
will not continue, however, with the level of Indian businesses impacting this country. The percentage of Japanese
taking on new staff rising again to 57% next quarter. The companies hiring new staff at present has fallen from an
percentage of companies letting staff go currently stands at impressive 75% to 56%, in a similar fashion to a number of
24% - 3% higher than in December but still lower than some other countries in the region. On a brighter note, hiring activity
in the region. Predictions have been made in this quarter’s will start to recover over the next few months - rising to 58%.
Snapshot that over the next few months job cuts will rise to Job cut rates have grown this quarter to 36%, with a further
38%, but whether this relatively large jump actually occurs is 8% increase expected in the coming months. This is,
yet to be seen. however, reasonable considering the consequences of the
recent earthquake and tsunami.



Asia Pacific Continued...

Malaysia New Zealand

61%
53%
44% 42% 44%
33% 36%
32%

After a modest, yet notable rise in recruitment activity for Managerial and professional staff looking for employment in
December, Malaysian hiring rates have returned to the mid New Zealand will not have seen the predicted 11% rise in
forties, last seen in the March 2011 Snapshot. The number of recruitment made in December’s Snapshot. Hiring activity has
companies taking on new managerial and professional staff remained relatively stable, though, with a slight decrease of
currently stands at 44% - 11% down on December’s total. 3% to 53%. The following few months should see the
Firing rates have also seen quite a considerable rise during promised growth in recruitment rates, with the number of
this time, from just 11% to 32%. Over the following three companies taking on new staff rising to 61%. On the other
months however, things should be steadier for the Malaysian side of the employment market, the percentage of New
job market with hiring and firing rates varying just 2% and 1% Zealand’s companies reducing staff headcount has gone up
respectively. over the past few months to 36% - much like its neighbour
Australia. Whether the further 8% increase in job losses
predicted in this quarter’s Snapshot actually happens, though,
is yet to be confirmed.

Philippines Singapore

97% 97%

39% 40%
23% 21%
5% 4%

At the start of 2012, the Philippines continues to boast the Hiring rates in Singapore have fallen slightly since December
world’s highest levels of recruitment. This quarter, a from 44% to 39%. Recruitment activity for this country,
remarkable 97% of companies are hiring at a managerial / however, remains higher than it was in either March or July
professional level - a figure well above any other country last year - 35% and 29% respectively. The percentage of
surveyed. The firing rates for the Philippines are also the companies letting staff go has risen quite notably from 12% to
most appealing across the globe, with just 5% of businesses 23% this quarter. The good news is that the coming quarter
currently shedding employees and 4% looking to do so in the should see these job loss rates start to lower again, indicating
near future. As this year progresses, the job market in the a rightsizing of the job market in Singapore.
Philippines should continue to remain exceptionally stable.



Asia Pacific Continued...

South Korea Taiwan

68%
62%
56%
50% 48%
34%
29%
19%

At 56%, the hiring rates in South Korea are slightly higher Taiwan currently boasts the second highest recruitment rates
than many countries in the region. This figure is set to drop for the Asia Pacific region. In this March’s Snapshot, 68% of
modestly over the next few months, but half of the South companies are taking on new recruits and 62% still expecting
Korean businesses surveyed will continue to recruit at a to do so over the next few months. The percentage of
managerial and professional level during this time. The Taiwan’s businesses cutting managerial / professional
present situation looks good for South Korean’s job market in positions has been recorded at 34% this quarter-
terms of firing rates, with 19% of companies currently comparatively higher than some of the surrounding countries.
shedding staff - one of the lowest in the Far East. As the year The level of turnover in Taiwan’s job market has been
progresses, job losses are predicted to rise by 10%, but the predicted to jump quite substantially to 48% new quarter.
situation for South Korea will remain better than for some of
its neighbours.

Vietnam

59%
53%
35% 35%

The Vietnamese employment market has been more active
for the start of 2012. Both hiring and firing rates have
increased over the last few months, indicating a lot more
turnover in this country’s job market. The number of
Vietnamese companies currently hiring new staff has gone up
by 3% to 53%, while the rate of job cuts has risen quite
substantially from just 10% to 35%. The situation will improve
modestly over the coming quarter, however, with hiring rates
continuing to increase to 59% while firing activity remains
steady.



The Americas

Argentina Brazil

50% 48%
44% 43% 42% 42%
33% 33%

In a similar fashion to the majority of the Americas, The past six months have seen Brazil’s recruitment levels
Argentina’s hiring activity has fallen this quarter from 65% to steadily fall below the halfway mark. At present, 42% of
44%. The next few months offer more positive prospects for Brazilian businesses are recruiting at a managerial and
Argentina’s job seekers though, as recruitment levels will start professional level. Fortunately, the coming quarter should see
to recover again and hiring rates will go back up to 50%. this negative trend finish and hiring rates will start increasing
There is currently a higher degree of turnover than expected again to 48%. On the other side of the employment market,
within the Argentinean job market, as the percentage of the number of Brazilian companies letting staff go, or looking
businesses shedding staff has increased to a high of 43%. to do so over the next three months, has increased once
The Argentinean employment market will settle over the more from 26% to 33%. It should be noted, however, that this
coming quarter, however, and the upward trend in job cuts figure is still one of the lowest of any of the countries
over the past six months will end. surveyed across the Americas.

Canada Chile

53% 55% 53%
37% 39% 42% 39% 39%

Despite a decrease in the percentage of companies taking on In this quarter’s snapshot, Chile’s job market is once again
new recruits this March, Canada currently boasts the highest characteristic of the Americas in general. Hiring levels have
employment figures of the Americas - 53%. This is expected fallen from 60% to 42%, while job losses have gone up
to remain the case as the year progresses, with Canadian slightly to 39%. On a brighter note, however, the following few
recruitment rates increasing to 55%. Following December’s months should offer a better outlook for those seeking work in
dip in firing activity, job losses have once again returned to Chile. This quarter’s Snapshot predicts a respectable
37%, but this is most likely due to the Canadian job market increase of 11% in hiring activity and a lack of movement
rightsizing after a jump in employment last quarter. around job loss figures for Chile. All these signs indicate that
Chile’s job market is set to grow in the next three months.



The Americas Continued...

Mexico United States of America

48% 49%
36% 41% 37% 35%
31% 32%

At 36%, there has been a quite significant drop in the level of Hiring rates in the United States of America have remained
Mexican companies taking on new staff this quarter. This dip relatively constant this quarter - falling just 3% to 48%. Job
will only be brief however, with hiring rates increasing once losses within the employment market have varied slightly
more over the coming three months. The percentage of more during this time, with 32% of companies letting staff go-
companies reducing their staff headcount has risen slightly at 6% up on December’s figures. Overall, however, the job
the beginning of 2012. At 31%, though, Mexico currently market in the United States of America has been the most
holds the lowest rates for job cuts of any of the American stable of any of its neighbouring countries over the last three
countries surveyed. The following quarter is expected to months. This stability is set to continue into the near future
result in firing activity rising modestly to 37%, but whether this with recruitment rates fluctuating by just 1% and firing level
occurs in reality is yet to be seen. varying by a modest 3%.


WESTERN EUROPE
Detailed examination of key markets

Western Europe - Key Sectors


Expecting to Hire Expecting to Fire

Accountancy 47% Accountancy 13%
Agriculture 11% Agriculture 4%
Automotive & Aerospace 37% Automotive & Aerospace 13%
Banking 35% Banking 23%
Chemicals 24% Chemicals 15%
Construction & Engineering 31% Construction & Engineering 30%
Consumer Goods 25% Consumer Goods 15%
E-Commerce & Social Media 48% E-Commerce & Social Media 12%
Education 30% Education 45%
Electronics 22% Electronics 24%
Energy - Oil & Gas 41% Energy - Oil & Gas 35%
Energy - Renewables 35% Energy - Renewables 27%
Fashion 42% Fashion 12%
FMCG 15% FMCG 8%
Insurance 50% Insurance 12%
Legal 37% Legal 7%
Leisure 45% Leisure 20%
Logistics 45% Logistics 16%
Luxury Goods 24% Luxury Goods 9%
Manufacturing 31% Manufacturing 16%
Media 25% Media 22%
Medical 28% Medical 9%
Mining 42% Mining 34%
Packaging 32% Packaging 29%
Pharmaceuticals 25% Pharmaceuticals 15%
Property 52% Property 30%
Public Sector (Governmental) 44% Public Sector (Governmental) 36%
Retail 40% Retail 10%
Security Services 33% Security Services 33%
Technology - Hardware 49% Technology - Hardware 14%
Technology - Software 45% Technology - Software 15%
Telecommunications 45% Telecommunications 22%
Utilities 32% Utilities 32%


WESTERN EUROPE

Western Europe Key Sectors Continued…

France Key Sectors

45% 13% 23%
45% 25% 32%
27% 50% 23%
27% 75% 23%

AUTOMOTIVE & AEROSPACE BANKING CHEMICALS

33% 57% 25%
22% 29% 38%
56% 14% 50%
56% 57% 25%
CONSTRUCTION
ENERGY - OIL & GAS ENERGY - RENEWABLES
& ENGINEERING

50% 56% 43%
56% 67% 40%
31% 33% 28%
31% 33% 36%

FMCG LOGISTICS MANUFACTURING

43% 14% 28%
43% 14% 52%
29% 29% 12%
43% 29% 16%

MEDIA PHARMACEUTICALS TECHNOLOGY - SOFTWARE

60%
80%
80%
40%

TELECOMMUNICATIONS


WESTERN EUROPE


Germany Key Sectors

50% 47% 47%
30% 41% 40%
30% 8% 27%
20% 11% 33%

ACCOUNTANCY AUTOMOTIVE & AEROSPACE BANKING

19% 30% 79%
8% 28% 63%
4% 13% 26%
3% 13% 11%
CONSTRUCTION E-COMMERCE &
CHEMICALS
& ENGINEERING SOCIAL MEDIA

38% 64% 40%
24% 36% 50%
11% 36% 35%
19% 43% 25%

ELECTRONICS ENERGY - OIL & GAS ENERGY - RENEWABLES

47% 20% 80%
16% 8% 20%
9% 4% 0%
6% 3% 0%

FASHION FMCG INSURANCE

64%
45%
18%
27%

LEISURE


WESTERN EUROPE


Germany Key Sectors

71% 48% 29%
54% 29% 14%
8% 9% 24%
8% 10% 29%

LOGISTICS MANUFACTURING MEDIA

39% 23% 42%
28% 32% 32%
7% 18% 26%
5% 27% 37%

MEDICAL MINING PACKAGING

26% 100% 75%
15% 50% 50%
3% 15% 10%
2% 15% 10%
PUBLIC SECTOR
PHARMACEUTICALS PROPERTY
(GOVERNMENTAL)

50% 52% 54%
33% 26% 38%
0% 20% 54%
0% 13% 23%

TECHNOLOGY - HARDWARE TECHNOLOGY - SOFTWARE TELECOMMUNICATIONS


WESTERN EUROPE


Italy Key Sectors

33% 17% 25%
50% 50% 28%
17% 8% 8%
0% 8% 11%

ACCOUNTANCY AGRICULTURE AUTOMOTIVE & AEROSPACE

29% 30% 36%
26% 37% 45%
13% 24% 39%
18% 22% 36%
CONSTRUCTION
BANKING CHEMICAL
& ENGINEERING
S

58% 30% 52%
79% 22% 48%
11% 15% 26%
0% 22% 33%
E-COMMERCE &
ELECTRONICS ENERGY - OIL & GAS
SOCIAL MEDIA

23% 60% 52%
43% 56% 46%
18% 13% 21%
20% 11% 21%

ENERGY - RENEWABLES FASHION FMCG

54% 39% 53%
59% 48% 53%
6% 19% 12%
8% 16% 12%

INSURANCE LEISURE LOGISTICS


WESTERN EUROPE


Italy Key Sectors

27% 32% 33%
59% 29% 33%
9% 14% 17%
0% 17% 21%

LUXURY GOODS MANUFACTURING MEDIA

37% 44% 18%
43% 33% 21%
23% 22% 9%
17% 33% 9%

MEDICAL MINING PACKAGING

48% 45% 50%
34% 55% 75%
21% 18% 25%
17% 18% 25%
PUBLIC SECTOR
PHARMACEUTICALS PROPERTY
(GOVERNMENTAL)

48% 67% 33%
52% 33% 17%
10% 33% 17%
12% 33% 17%

RETAIL SECURITY SERVICES TECHNOLOGY - HARDWARE

46% 43% 14%
56% 50% 14%
9% 29% 43%
10% 29% 43%

TECHNOLOGY - SOFTWARE TELECOMMUNICATIONS UTILITIES


WESTERN EUROPE


Netherlands Key Sectors

33% 47% 38%
52% 47% 50%
24% 20% 14%
10% 33% 14%


35% 75% 48%
56% 50% 52%
32% 50% 21%
29% 50% 21%
CHEMICAL
S

50% 78% 29%
38% 67% 14%
38% 33% 57%
63% 33% 43%

ELECTRONICS ENERGY - OIL & GAS ENERGY - RENEWABLES

46% 17% 67%
51% 33% 67%
24% 0% 33%
32% 17% 33%

FMCG INSURANCE LEISURE


WESTERN EUROPE


Netherlands Key Sectors

25% 48% 25%
50% 43% 50%
19% 29% 38%
25% 48% 13%

LOGISTICS MANUFACTURING MEDICAL

67% 13% 67%
67% 13% 33%
33% 75% 33%
33% 75% 67%

MINING PHARMACEUTICALS PROPERTY

25% 75% 44%
25% 50% 56%
100% 25% 18%
100% 25% 13%
PUBLIC SECTOR
RETAIL TECHNOLOGY - HARDWARE
(GOVERNMENTAL)

38% 56% 67%
51% 60% 67%
15% 8% 0%
14% 4% 33%



WESTERN EUROPE


Spain Key Sectors

35% 50% 29%
29% 63% 25%
18% 13% 17%
24% 13% 21%

ACCOUNTANCY AGRICULTURE AUTOMOTIVE & AEROSPACE

9% 28% 22%
18% 25% 22%
36% 23% 45%
27% 25% 41%
CONSTRUCTION
BANKING CHEMICALS
& ENGINEERING

33% 30% 20%
11% 14% 32%
28% 16% 26%
17% 24% 42%
E-COMMERCE &
ELECTRONICS ENERGY - OIL & GAS
SOCIAL MEDIA

22% 63% 40%
22% 25% 35%
39% 38% 38%
52% 38% 35%

ENERGY - RENEWABLES FASHION FMCG

38% 28% 40%
13% 34% 30%
38% 9% 40%
38% 9% 35%
INSURANCE LEGAL LEISURE


WESTERN EUROPE


Spain Key Sectors

42% 28% 33%
34% 23% 27%
21% 21% 20%
13% 19% 13%

LOGISTICS MANUFACTURING MEDIA

21% 11% 41%
20% 22% 29%
13% 28% 47%
12% 33% 53%

MEDICAL MINING PHARMACEUTICALS

67% 71% 29%
33% 57% 29%
0% 71% 21%
33% 29% 17%
PUBLIC SECTOR
RETAIL TECHNOLOGY - HARDWARE
(GOVERNMENTAL)

27% 41% 16%
21% 33% 21%
21% 41% 42%
23% 33% 37%



WESTERN EUROPE


United Kingdom Key Sectors

57% 50% 46%
43% 50% 31%
0% 21% 46%
0% 29% 62%


27% 40% 90%
27% 20% 90%
45% 60% 36%
45% 40% 15%
CHEMICALS

67% 33% 47%
67% 33% 47%
22% 67% 24%
33% 67% 35%

ENERGY - OIL & GAS ENERGY - RENEWABLES FMCG

50% 5% 57%
50% 50% 71%
22% 15% 29%
23% 15% 43%

INSURANCE LEGAL LEISURE

38%
50%
50%
38%

LOGISTICS


WESTERN EUROPE


United Kingdom Key Sectors

47% 22% 57%
44% 33% 50%
22% 22% 36%
39% 33% 29%

MANUFACTURING MEDIA MEDICAL

25% 40% 75%
25% 60% 75%
50% 60% 50%
75% 60% 50%

MINING PACKAGING PHARMACEUTICALS

100% 0% 50%
50% 25% 50%
16% 95% 100%
15% 95% 50%
PUBLIC SECTOR
PROPERTY RETAIL
(GOVERNMENTAL)

31% 48% 55%
38% 52% 45%
11% 9% 45%
15% 4% 9%

TECHNOLOGY - HARDWARE TECHNOLOGY - SOFTWARE TELECOMMUNICATIONS


Antal Global Snapshot Reveals Hiring and Firing Trends Across Regions

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