Antal Global Snapshot Survey Reveals Hiring & Firing Trends Around the World

ANTAL GLOBAL
SNAPSHOTA survey of hiring and firing trends in key
employment markets around the world.
Edition 7 - November 2010
snapshot.antal.com

Antal Global Snapshot | Edition 7 - November 2010 www.snapshot.antal.com
THE ‘ANTAL GLOBAL SNAPSHOT’
Introduction
The ‘Antal Global Snapshot’ is a regular survey of hiring (and firing) trends in some of the world’s most important
employment markets and in those likely to join this group over the coming decade. This seventh report in the series is
based upon material sourced from over 9100 businesses in commerce, industry and the financial services sector in 52
key countries on five continents.
We hope that you find it both interesting and useful.
Chairman and CEO
Antal International
About Antal International
Founded in 1993, Antal International is a management and professional recruitment specialist with a particular focus
on the sourcing and retention of candidates in the ‘Generation Y’ bracket. One of the first recruitment organisations to
devote substantial resources to emerging markets, the company now has offices in 32 countries and works with many
of the world’s most successful and ambitious multi-nationals.
Methodology
This edition of the ‘Antal Global Snapshot’ is based upon survey forms and telephone interviews completed by line
and HR managers in 9117 companies, professional partnerships and financial institutions across 52 countries in
September and October 2010.
Each respondent was asked whether they were currently hiring or letting go professional/managerial staff and whether
they intended to do so over the coming quarter. All respondents were guaranteed anonymity to encourage open and
honest answers.

Antal Global Snapshot | Edition 7 November 2010 www.snapshot.antal.com
Local Picture - Detailed information on the 52 key markets surveyed.
Western Europe
Are you currently hiring at managerial/professional level?
Do you expect to hire at managerial/professional level over the coming quarter?
Are you currently letting people go at managerial/professional level?
Do you expect to let people go at managerial/professional level over the coming quarter?
Austria Belgium
France

61% 63%
33% 35%
The level of managerial and professional hiring has
increased from 47% to 61% in the last quarter and the
percentage of organisations intending to hire in the next
three months has increased dramatically from 43% to
63%. However the percentages of employers letting staff
go and of those intending to let staff go in the next three
months has also risen from 28% and 29% respectively.

63% 61%
27% 27%

56% 57%
26%
33%
The percentage of organisations recruiting professional
and managerial staff in France has increased slightly
since the summer, up from 53% to 56% now and future
hiring intentions are also stronger, up slightly from 56% in
June. The proportion of businesses intending to shed staff
is only slightly higher than the regional average of 22%
but looks set to rise over the next three months.

32% 31%
12% 13%
Germany
The hiring picture in Belgium is still quite positive despite a
drop from 66% in June and Belgium now has the joint
highest rate of hiring in Western Europe alongside its
neighbour Luxembourg. The proportion of organisations
shedding staff or expecting to do so over the next quarter
has also fallen since the summer from 28% and 30%
respectively.
Despite the relative success of Germany’s social market
economy, the proportion of organisations hiring at
professional and managerial level has slipped from 41% in
the summer to 32% now and is set to drop again slightly
over the coming quarter. However this somewhat negative
news is balanced by a percentage of employers shedding
staff which is much lower than the regional average of
22%.

Western Europe Continued...stern Western Europe
Italy Luxembourg
Malta

54% 57%
17%
23%
Hiring levels have risen once again from 47% in June to
54% now and intentions to hire have also improved – up
from 47% in the summer to 57% now. The percentage of
organisations shedding staff at professional and
managerial level has remained stable at 17% although
there appear to be signs that this may rise slightly over the
coming three months.

63%
50%
31%
38%

52% 53%
19%
29%
When we last reported on Malta in June its jobs market
had all but ground to a halt with only 6% of organisations
recruiting at professional or managerial level, although
there were signs of optimism about the future. Fortunately
this optimism has turned out to be well placed and
prospects also look good for the coming quarter.

52%
55%
24%
29%
Netherlands
After a shaky summer when hiring fell dramatically from
the 58% level recorded in January to just 29% the jobs
market for professionals and managers in Luxembourg
has made a clear recovery. The country now has the
highest level of recruitment in Western Europe alongside
its neighbour, Belgium.
After peaking at 63% in June the level of hiring in the
Netherlands has slipped back to that registered in January
this year. However the professional and managerial jobs
market still remains much more active than in 2009 and
looks set to improve, albeit marginally, over the coming
quarter. The percentage of employers reducing current
head count has slowly decreased since the beginning of
the year and currently sits at 24%.

Western Europe Continued...stern Europe
Portugal Spain
Switzerland

42%
37%
20%
29%
The level of professional and managerial hiring in Portugal
has risen steadily since the summer from 36% to 42%
currently, although this is expected to fall over the coming
quarter. On a more positive note the percentage of
businesses shedding staff has fallen from 25% in June to
just 20% now, below the regional average of 22%.

37%
34%
28% 27%

60% 61%
18%
27%
Although hiring levels in Switzerland are slightly down
from the high of 64% in January they still remain very
healthy and on a par with those registered in June. At the
same time the percentage of businesses shedding staff is
down from 32% at the beginning of the year to just 18%
now, well below the regional average of 22%.

61% 63%
32% 34%
United Kingdom
Despite Spain’s continuing economic problems the
percentage of organisations hiring at professional and
managerial level has risen once again from 31% in June
to 37% now. However the proportion of companies
shedding staff has risen slightly from 26% in the summer
to 28% now.
Overall current hiring is up marginally from 60% in June to
61% and confidence about the future is much stronger
than at the beginning of the year when only 52% of
businesses envisaged recruiting in the coming quarter as
opposed to 63% now. However organisations are also
shedding more staff than in the summer – only 32% now
in comparison to only 22% in June. The financial services
and telecoms sectors seem to be showing particular signs
of health. The percentage of telecoms companies
recruiting at professional and managerial level has
remained steady at 75% and the percentage of financial
services organisations hiring has risen from 65% to 82%.

WESTERN EUROPE
Detailed examination of key markets
Western Europe Key Sectors
German Sectors

16%
14%
46%
53%

23%
8%
51%
38%

28%
4%
82%
51%

27%
18%
36%
73%

34%
22%
37%
38%

12%
19%
35%
51%

68%
69%
20%
11%

22%
17%
33%
39%

22%
34%
44%
43%
BANKING ENERGY MANUFACTURING
BANKING MANUFACTURING PROFESSIONAL
SERVICES
BANKING MANUFACTURING PROFESSIONAL
SERVICES
Italian Sectors
Spanish Sectors
UK Sectors

28%
33%
77%
75%

37%
38%
54%
62%

29%
14%
86%
71%

60%
66%
84%
83%

53%
48%
84%
82%
TELECOMS MANUFACTURING IT
ENERGY BANKING AND FINANCE

Eastern Europe & Eurasia
Bulgaria Croatia
Czech Republic

44%
52%
19%
16%
As predicted, professional and managerial hiring levels
have dipped slightly from a 47% high registered in June.
However employers seem optimistic about the future with
52% expecting to hire over the next three months. The
percentage of businesses letting people go has remained
stable but looks set to fall over the coming quarter to a
figure well below the regional average of 30%.

49%
44%
17%
14%

68%
61%
42%
52%
Hiring levels in Czech Republic have been rising steadily
since the beginning of the year and are up from 61%
registered in the summer. However the percentage of
organisations shedding staff has risen substantially since
June from just 23% suggesting an increasing rate of ‘churn’
in the professional and managerial jobs market.

27% 28%
17% 18%
Hungary
The level of hiring in Croatia has risen noticeably since
the summer when only 32% of businesses were recruiting
professionals or managers. The percentage of
businesses shedding staff has also fallen from 20% in
June to 17% now and this downward trend looks set to
continue over the coming quarter.
Despite Hungary’s ongoing economic problems there are
signs of improvement in the professional and managerial
jobs market with hiring levels up from just 19% in June to
27% now and the prospect of a further marginal rise over
the coming quarter. The proportion of businesses
shedding staff is also down from 20% in the summer to
just 17% now.

Eastern Europe & Eurasia Continued...
Poland Romania
Russia

54% 53%
13% 13%
The percentage of organisations hiring at professional and
managerial level is up for the first time since January from
47% to 54% now and looks set to remain steady over the
next three months. The proportion of businesses shedding
staff also remains low, well below the regional average of
24% and the lowest level recorded in any country
surveyed in Eastern Europe and Eurasia.

50% 51%
29% 31%

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

47%
58%
21% 20%
Serbia
Hiring levels in Romania have remained steady since the
summer when almost exactly the same percentages of
businesses were recruiting at professional and managerial
level. However the proportion of organisations shedding
staff has risen from just 20% in June to 29% now and
looks set to rise again to 31% over the coming quarter.

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

Slovakia Slovenia
Turkey

76% 72%
36%
32%
Hiring levels in Slovakia have risen significantly since
June when only 54% of organisations were hiring at
professional and managerial level and are now the third
highest in the Eastern Europe/Eurasia region, exceeded
only by those in Ukraine and Israel. However the
proportion of businesses shedding staff has also risen
from just 20% in June to 36% now.

69% 69%
27%
31%

74%
69%
17% 19%
Professional and managerial hiring levels in Turkey have
leapt up dramatically since the last time Snapshot
surveyed the country in June when only 29% of
companies were recruiting and activity seems likely to
remain high over the next three months. The proportion of
businesses shedding staff has risen slightly from just 10%
recorded in the summer but the current figure is still
comfortably under the regional average of 24%.

79% 83%
45%
52%
Ukraine
Hiring levels in Slovenia have risen significantly since
June when only 44% of companies were hiring
professionals or managers. However, as seen in other
states this improvement in the jobs market has also led to
a rise in the proportion of businesses shedding staff, up
from just 11% in June to 27% now.
Hiring levels in Ukraine have climbed from 68% in June
and the country now has the highest recruitment rate in
the Eastern European/Eurasian region and is well ahead
of the global average of just 59%. However this activity
has also led to a much higher proportion of businesses
shedding staff, up from 30% in June to 45% now and set
to rise to 52% over the coming quarter.

Europe

79% 82%
23%
28%
Israel
The proportion of companies hiring at professional and
managerial level has risen dramatically since the summer
from 47% to 79%, comfortably exceeding the predicted
level of 67%. However the percentage of organisations
shedding staff has risen slightly from 20% to 23% and
looks set to rise further in the coming quarter.

57% 60%
23%
28%
Eastern Europe & Eurasia
Regional Averages

EASTERN EUROPE
Eastern Europe & Eurasia Key Sectors
Polish Sectors

18%
16%
61%
47%

19%
16%
47%
58%

49%
19%
58%
55%

5%
6%
43%
59%

11%
13%
55%
53%

20%
30%
60%
71%

2%
33%
68%
67%

75%
62%
88%
63%

4%
24%
90%
25%
AUTOMOTIVE BANKING ENGINEERING
IT - SOFTWARE PHARMACEUTICALS TELECOMS
CHEMICALS ENERGY ENGINEERING
Russian Sectors
Turkish Sectors

18%
20%
62%
60%

14%
15%
66%
83%

8%
9%
82%
81%
CHEMICALS ELECTRONICS IT

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

56%
69%
20%
27%
The jobs market for managers and professionals has
improved across the Middle East and Gulf region since
the summer with the percentage of organisations hiring at
this level rising from 48% in June to 56% now and looks
set to climb again in the coming quarter. The proportion of
businesses shedding staff is also comfortably low at 20%,
three percentage points lower than the global average.
The relatively poor economic performance of Yemen also
negatively affects the overall figures for the region and this
should be taken into account when making comparison
with other key geographical markets.

80%
89%
24% 27%

49%
89%
21%
43%
Hiring at professional and managerial level in Saudi
Arabia has dropped significantly since June when 74% of
organisations were recruiting, giving the country the most
active job market in the whole of the Middle East/Gulf
region. However this drop appears to be the result of a
‘blip’ rather than the herald of a downward trend as 89%
of businesses expect to hire in the coming quarter.

53%
75%
9%
13%
UAE
The effects of Qatar’s ‘2030 Vision’ which is designed to
move the country away from its traditional dependence on
oil and gas appears to be having a beneficial effect on the
middle to senior jobs market. Four-fifths of organisations
in the country are currently hiring and nearly nine-tenths
expect to in the coming quarter meaning that Qatar has
now overtaken Saudi Arabia as the busiest jobs market for
managers and professionals in the Middle East/Gulf
region.

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

Africa
Angola Botswana
Egypt

43% 42%
36%
21%
Hiring levels in Angola have dropped slightly since the last
Global Snapshot, although the percentage of companies
recruiting is higher than the 33% predicted earlier in 2010.
The number of organisations letting staff go has rocketed
to the highest figure in Africa. However with only 2% of
companies firing professional staff during the last
Snapshot, it perhaps comes as no surprise that
organisations would eventually want to get rid of some
people. This figure looks set to drop over the next quarter
whilst hiring is expected to remain steady.

50%
75%
25% 24%

74%
97%
32% 37%
Egypt now has the strongest level of recruitment in the whole
of Africa with 74% of companies taking on new staff – only a
slight change since the last Snapshot. The number of
organisations letting staff go has increased and looks set to
rise even more over the coming quarter. However with a
boom in hiring expected over the next few months, the
outlook for the Egyptian jobs market still looks very positive.

41%
46%
28%
22%
Ghana
Exactly as expected in the last Snapshot, half of
organisations are now hiring in Botswana, with three
quarters expecting to recruit over the next three months.
Although the number of companies letting staff go has
risen significantly from the 1% recorded last quarter, this
figure is in fact lower than in many of Botswana’s
neighbouring countries and looks set to remain stable.
Like many of its African neighbours, Ghana has
experienced a significant increase in both hiring and firing
levels over the last three months as it begins to reassess
its managerial workforce. Recovery in the country looks
set to continue as recruitment levels are predicted to
approach 50% and the number of organisations shedding
staff is expected to drop.

Africa Continued...
Kenya
South Africa

38%
75%
13% 13%
The hiring level of 71% predicted in the last Snapshot has
not materialised, but the number of companies firing staff
has also dropped substantially and is now one of the
lowest figures in Africa. The statistics for the remainder of
2010 look positive, with a predicted boost in hiring
combined with few organisations expecting to let staff go.

66%
75%
19% 19%

63% 64%
11% 10%
As predicted in the last Snapshot, 11% of companies in
South Africa are currently letting staff go – the lowest
figure in the whole of Africa. However rather than
recruitment levels dropping to 35% as predicted, hiring in
South Africa actually increased by 24% and now stands at
the highest level seen here so far in 2010. Market
conditions look set to remain strong over the next few
months.
Nigeria has one of the best hiring levels in Africa, and with
low rates of firing in the country the recruitment market is
looking strong. With more organisations planning to recruit
new professional and managerial staff over the coming
quarter and the number of companies letting staff go
predicted to remain the same, the jobs market looks set to
be even stronger by 2011.
Nigeria

Africa
South African Key Sectors Europe
South African Sectors

18%
21%
43%
71%

5%
7%
89%
91%

11%
5%
68%
53%

61%
81%
98%
80%
BANKING CHEMICALS
ENERGY ENGINEERING

19%
5%
59%
60%

6%
10%
39%
29%

46%
25%
92%
76%

14%
10%
62%
71%
FMCG SUPPLY CHAIN
TELECOMS MANUFACTURING

Asia & Indian Subcontinent
China Hong Kong
India

81%
74%
27% 26%
Hiring in China has jumped from 72% over the past
quarter, significantly more than the 1% rise expected in
our last report. With the most hiring activity we have seen
all year for the Chinese market, the country now has one
of the highest levels of recruitment recorded in this edition
of Global Snapshot. The percentage of companies letting
managerial staff go has increased by a similar amount
and is expected to remain stable over the next three
months.

77% 76%
23%
30%

76%
81%
20% 19%
Conditions in India seem very positive - the number of
companies recruiting here has steadily risen over 2010 form
71% in January and is expected to rise again during the
remainder of the year. Although there has been a slight
increase in the number of organisations letting staff go, this
was predicted in the last Snapshot and looks set to dip
slightly over the next quarter.

73%
69%
35% 38%
Japan
The Hong Kong employment market is looking strong with
over three quarters of companies currently recruiting
managerial and professional staff. Hiring has increased to
a higher level than predicted in the last Snapshot and
firing rates have remained the same rather than rise as
expected, so it seems that economic conditions over the
past three months have in fact been more positive than
the business world expected.
Like many of its neighbours in Asia, Japan is experiencing
high levels of recruitment activity and hiring levels have
seen a jump of almost 20% since the last Snapshot just
three months ago. The number of companies letting staff
go has increased as expected and is predicted to rise
again slightly over the next quarter - a trend which the
majority of other Asian markets also predict.

Antal Global Snapshot | Edition 7 – November 2010 www.snapshot.antal.com
Asia & Indian Subcontinent Continued...
Malaysia Pakistan
Philippines

78% 74%
35%
43%
The recruitment market looks strong in Malaysia with
hiring levels climbing and firing rates falling significantly.
Over a third of companies are still letting staff go and this
is a figure expected to rise but it seems that with such
high levels of recruitment across Asia, countries like
Malaysia are experiencing this attrition as businesses look
to refresh their management teams during the recovery.

62% 60%
32% 34%

80%
91%
30%
41%
Whereas in the last Snapshot the recruitment market in
the Philippines was rather volatile with almost the same
amount of companies hiring as firing, these figures show a
vast improvement. As expected hiring levels have
rocketed with four out of five organisations taking on
professional and managerial staff, however counter to
expectations, the number of companies letting staff go has
in fact dropped by 20%. Although this figure is predicted to
rise again, with 91% of companies planning to recruit over
the next quarter it seems as though many businesses in
the Philippines are renewing their workforces.

79% 77%
25% 25%
Singapore
Hiring and firing levels have changed little since the
summer and although recruitment still has not reached the
level recorded in January of this year, the number of
companies letting staff go is now significantly less than at
the beginning of the year. Despite its political challenges,
conditions in the professional and managerial jobs market
in Pakistan seem stable and are expected to remain so
over the next quarter.
Like many of its Asian neighbours, Singapore is
experiencing a high level of recruitment, however this is
coupled with one of the lowest firing levels in the region.
With far more positive figures than expected in the last
Snapshot, it is one of only a couple of Asian countries that
isn't predicting a rise in the number of businesses letting
staff go, indicating a strong and stable employment
market.

Asia & Indian Subcontinent
Asia & Indian Subcontinent Continued...
Thailand

30%
53%
77%
85%

28%
29%
85%
86%

16%
25%
70%
79%

86% 85%
43% 51%

9%
9%
82%
73%
BANKING PHARMACEUTICAL
MANUFACTURING PROFESSIONAL
SERVICES
China Sectors Key Sectors
India Sectors Key Sectors

11%
33%
83%
72%

18%
13%
81%
73%

13%
13%
88%
75%

34%
42%
82%
84%
ENGINEERING FMCG
MANUFACTURING IT
Not only has the level of hiring in Thailand more than
doubled since the last Global Snapshot, the country
now has the highest level of recruitment in Asia and
this shows no signs of declining. However this is
coupled with a significant increase in the number of
organisations letting staff go, which is also the highest
in the region, indicating that the Thai market may need
more time to stabilise and reorganise its management
teams.

Antal Global Snapshot | Edition 7 – November 2010 www.snapshot.antal.com
The Americas
Argentina Brazil
Canada

46% 47%
23%
42%
Argentina has the lowest level of hiring in the Americas,
however there are also the fewest number of companies
letting staff go here. With recruiting levels expected to
remain the same and firing levels predicted to rise it
seems that employers are becoming more cautious and
looking to swap existing personnel for new talent over the
rest of 2010.

70% 71%
28% 30%

76%
67%
42%
48%
The number of organisations hiring in Canada has
remained the same since the last Snapshot and at 76%
this level of hiring is the highest in the Americas. With the
level of firing also the highest in the region, the Canadian
jobs market continues to show a lot of activity taking
place. Recruitment looks set to remain strong although
with a lot of companies planning to let staff go it looks as
though Canada is still trying to get the right mix of staff for
its workforce.

52%
55%
24%
38%
Mexico
Once again, recruitment levels in Brazil have improved
and look set to remain strong over the next quarter. The
number of organisations letting staff go has decreased
rather than risen as was predicted in the last Snapshot
and is expected to remain relatively steady over the
coming months.
Mexico has experienced a drop in both hiring and firing
levels but still has a relatively strong recruitment market.
As in the rest of the Americas, the number of
organisations letting staff go is expected to rise over the
coming quarter, although it is predicted that the number
taking on new staff will also increase slightly.

The Americas Continued...
USA

66% 68%
33% 36%
As predicted in the last Snapshot, hiring in the United
States has risen slightly to 66% and firing levels have
dropped. With the amount of companies taking on
professional and managerial staff at the highest level it
has been all year, this figure is expected to improve over
the coming quarter, indicating that the US employment
market is continuing to recover slowly.

Australasia
Australia New Zealand

78%
71%
33% 37%
The level of hiring of professionals and managers in
Australia has risen from 69% in June to a figure well
ahead of the global average of 57%, demonstrating the
continuing robustness of the Australian economy. At the
same time the proportion of businesses shedding staff has
fallen from 41% in June to just 33% now.

74%
58%
42%
53%
The jobs market for professionals and managers in New
Zealand is performing almost as well as that in
neighbouring Australia with hiring up from 67% in June to
74% now and the proportion of businesses shedding staff
dropping from 67% to 42%.

THE CURRENT PICTURE
Winners and Losers – Regions
In line with the ongoing shift of economic power to the
East, the most active region was Asia-Pacific where
77% of organisations were hiring at professional or
managerial level, up from 65% in June. Australasia
followed close behind with 76% of companies recruiting
at this level. In strong contrast, Western Europe could
only muster a score of 58% although this demonstrated
a distinct rise in hiring activity from 45% in the summer.
Winners and Losers – Sectors
Across the globe the sectors with the highest levels of
recruitment at professional and managerial level were:
1) Healthcare
2) Renewable energy
3) Bio-technology
4) Retail
5) Professional services
The lowest were government (excluding healthcare and
education, newspapers and magazines, utilities and
music and entertainment.

Global Snapshot – The Worldwide Picture
• Are you currently hiring at managerial/professional level? – 57%
• Are you currently letting people go at managerial/professional level? – 23%

THE OUTLOOK
Winners and losers – Regions
Hiring levels expected in the next three months look promising with 57% of organisations globally looking to
increase their headcount. The most active region is Asia with 76% expected to recruit at managerial or
professional level, up from 72% in June. The Gulf region follows close behind with 69% of companies looking to
recruit at professional or managerial level. In contrast, organisations in Western Europe are only expected to
see a 58% hiring level in the next three months although this is rise from the recorded 51% in June.
Global Snapshot – the worldwide picture
Do you expect to hire at managerial/professional level over the coming quarter? – 58%
Do you expect to let people go at managerial/professional level over the coming quarter? – 25%

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

Antal Global Snapshot Survey Reveals Hiring & Firing Trends Around the World

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