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Edition 6 - June 2010

snapshot.antal.com

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

Introduction
The Antal International ‘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 sixth report in the
series is based upon material sourced from over 9600 businesses in commerce, industry and the financial services
sector in 55 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 30 countries and works with many
of the world’s most successful and ambitious multi-nationals.

Methodology
This edition of the Antal International ‘Global Snapshot’ is based upon survey forms and telephone interviews
completed by line and HR managers in 9672 companies, professional partnerships and financial institutions across 55
countries in May 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 6 - June 2010  
THE ANTAL INTERNATIONAL ‘GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 55 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

66% 62%
47% 43%
28% 29% 28% 30%

 
After peaking at 58% in January the level of managerial
 
Although hiring levels have not returned to the extremely
and professional hiring has now dropped back slightly and high 70% reported in the autumn of 2009 they are
future hiring intentions are also down markedly from 73%. markedly better than those reported in January this year
However there is also encouraging news in the form of a when only 45% of businesses were recruiting. Future
drop in the percentage of employers intending to shed hiring intentions are also strong, up from 50% in January
staff over the next few months from 35% to just 28%. to 62% now.

France Germany

53% 56%
41% 44%
32% 29%
24%
19%

   
The percentage of organisations recruiting professional and After rising to 51% in January, the percentage of
managerial staff in France has dropped slightly since the organisations hiring staff has fallen back to the level
beginning of the year from 55% to 53% now. Future hiring recorded in the autumn of 2009. Future recruitment
intentions are also down from 58% to 56%. More intentions are also less positive with the percentage
encouragingly the proportion of organisations shedding staff planning to hire in the coming quarter down from 54% to
has reduced. The percentage losing people now has come 44% now. However the number of organisations shedding
down from 37% to just 32% and appears likely to fall again staff has also fallen from 28% in January and is set to drop
over the coming quarter. again over the coming quarter suggesting a stable rather
than weakening employment market.

 
Antal Global Snapshot | Edition 6 June 2010  
THE ANTAL INTERNATIONAL ‘GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 55 key markets surveyed.

Western Europe Continued...stern Western Europe


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

Italy Luxembourg

47% 47% 46%


29% 29% 33%
17% 18%

 
Hiring levels have risen slightly from the 42% recorded in
 
In our last report in January Luxembourg was registering
January and appear likely to remain steady over the the joint highest level of hiring in the whole of Western
coming quarter. At the same time the percentage of Europe. Now, however, recruitment has fallen
organisations shedding staff at professional and substantially from 58% to only 29% although hiring
managerial level has fallen from 24% at the beginning of intentions for the next three months are markedly better
the year to just 17% now.  at 46%. 

Malta Netherlands

63%
51% 58%

25% 24%
17%
6% 3%

   
When we last reported on Malta in January its job market After ‘flat-lining’ throughout 2009 the amount of
was in a downturn with the percentage of organisations recruitment at professional and managerial level continues
recruiting down from 41% in September 2009 to 31%. Now to rise, up from 52% in January to 63% now. Confidence is
the market seems to have almost ground to a halt, although also reflected in the fact that the percentage of businesses
businesses seem optimistic that it will restart in the coming shedding staff is down from 30% at the beginning of the
quarter.  year to 25%. 

 
Antal Global Snapshot | Edition 6 - June 2010  
THE ANTAL INTERNATIONAL ‘GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 55 key markets surveyed.

Western Europe Continued...stern Europe


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

Portugal Spain

45%
36%
25% 27% 31% 30% 26% 23%

Portugal’s hiring rate is predicted to rise to the levels


   
Despite Spain’s continuing economic problems the
commonly seen across Europe in the next quarter. percentage of organisations hiring at professional and
Companies expecting to let people go are predicted to rise managerial level has risen marginally from 30% in
slightly, but this is only to levels that are comparable with January to 31% now. The proportion of companies
the rest of Europe.  shedding staff has also gone down slightly from 29% at
the beginning of the year to 26% now and appears likely
to fall again in the next quarter. 

Switzerland United Kingdom

60% 63%
60% 61%

32% 30%
22% 19%

   
Although hiring levels in Switzerland are slightly down from Overall current hiring is up marginally from 59% to 60%
64% in January they still remain very healthy and are due to and confidence about the future is much stronger than at
rise over the next three months. At the same time the the beginning of the year when only 52% of businesses
percentage of businesses shedding staff is down from 38% at envisaged recruiting in the coming quarter as opposed to
the beginning of the year and is due to fall again in the 61% now. Organisations are also shedding less staff –
coming quarter.  only 22% now in comparison to 38% in January. The
financial services and telecoms sectors seem to be
leading the way in this improving picture. The percentage
of telecoms companies hiring is up from 71% to 75% and
the percentage of financial services organisations from
50% to 65%. 

 
Antal Global Snapshot | Edition 6 - June 2010  
WESTERN EUROPE
Detailed examination of key markets

Western Europe Key Sectors


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

German Sectors

50% 52% 36%


39% 47% 45%
16% 13% 18%
4% 12% 9%
BANKING   ENERGY   MANUFACTURING  

Italian Sectors

49% 41% 51%


46% 43% 52%
13% 15% 7%
18% 20% 20%
MANUFACTURING   PROFESSIONAL  
BANKING  
SERVICES

Spanish Sectors

33% 11% 11%


36% 11% 22%
16% 3% 33%
14% 22% 10%
BANKING   MANUFACTURING   PROFESSIONAL  
SERVICES 

UK Sectors

75% 33% 53%


76% 50% 65%
31% 4% 16%
29% 3% 12%
TELECOMS   MANUFACTURING   IT   

56% 65%
62% 66%
24% 19%
22% 20%
ENERGY    BANKING AND FINANCE  
 
Antal Global Snapshot | Edition 6 - June 2010  
THE ANTAL INTERNATIONAL ‘GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 55 key markets surveyed.

Eastern Europe & Eurasia


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

Bulgaria Croatia

47% 44%
28% 32% 34%
19% 20% 20%

Hiring levels in Bulgaria are showing a gently upward


   
The Croatian jobs market is seeing a slight dip from last
trend from 41% to 47%, but the forecast is for this to quarter’s hiring levels of 39% although confidence in
decline a little. The percentage of companies letting recruitment prospects over the coming quarter is slightly
managers and professionals go has dropped significantly raised. The percentage of staff being let go has dropped
from 28% last quarter, but is expected to jump back up significantly from the 34% reported last quarter, and this
again to a similar level. However, the actual figure of 19% figure is expected to remain stable. Predicted levels of job
of companies showing job losses compared to the loss in the last Snapshot seem to have been accurate,
predicted level of 23% in January may indicate some indicating that there is a return to stability and that the
optimism.  downward trend is bottoming out. 

Czech Republic Hungary

61%
56%

27% 30%
23% 20%
19% 19%

   
Hiring levels are up a modest amount since the last Hungary’s economic problems continue to be reflected by
Snapshot, from 57% to 61%, although recruitment plans for a depressed hiring situation that’s down from 28% last
the coming quarter show a reduction from 64%. The number quarter, but optimism for an upturn appears to be strong.
of companies expecting to shed jobs is displaying a However, it should be noted that the predicted hiring levels
significant drop, although the predicted headcount shrinkage from January’s Snapshot were on the high side and do not
in 32% of companies predicted by the last Snapshot has not seem to have been borne out by this Snapshot’s reported
happened. Despite the slight decline in predicted hiring figures. The good news is that job losses are down from
figures, this Snapshot suggests that the Czech Republic may 25%, with fewer reported losses than predicted and this
be at the forefront of a wider recovery in the region.  indicator continues to show a marked downward trend. 

 
Antal Global Snapshot | Edition 6 - June 2010  
THE ANTAL INTERNATIONAL ‘GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 55 key markets surveyed.

Eastern Europe & Eurasia Continued...


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

Poland Romania

47% 47% 50% 52%

20% 20%
13% 12%

The job market for managers and professionals in Poland


   
Romania’s professional and managerial jobs market has
has remained fairly steady since the start of 2010, with seen a slight decline, with hiring levels down from 55% in
hiring levels down only a little from 48%. Optimistically, the last Snapshot and the previously forecast figure of
the levels of jobs being shed remains low, down slightly 53% proving overly optimistic. However, a forecast
from 15% shown in the last Snapshot at the beginning of growth figure of 52% for the next quarter suggests that
the year, with a further drop forecast, so Poland’s position the country may be returning to stability in terms of hiring
as having one of the lowest levels of job losses and levels. The picture for job losses is also cautiously
expected job losses in Eastern Europe remains stable.  optimistic. Although January’s Snapshot predicted that
27% of businesses would shed staff this materialized at
only 20%. 

Russia Serbia

66%
61%
48%
33% 31%
24%
16% 16%

   
The percentage of organisations recruiting managers and The outlook for managerial and professional jobs in Serbia
professionals across Russia has seen a mild decline from the appears very positive, with a jump to 48% of companies
impressive figures noted at the beginning of the year to a still hiring predicted. Downsizing levels of 16% are below
respectable 66%. The number of companies downsizing in average for Eastern Europe and not expected to see an
this sector is also declining, down from 40% in the previous increase in the next quarter, suggesting that Serbia is
Snapshot to 33%. A predicted figure of 31% expecting to lose joining the wider economic recovery. 
staff in the coming quarter suggests a continuing positive
trend. Taken together with hiring figures that are amongst the
highest for the region, this points towards a sustained
recovery. 

 
Antal Global Snapshot | Edition 6 - June 2010  
THE ANTAL INTERNATIONAL ‘GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 55 key markets surveyed.

Eastern Europe & Eurasia Continued...


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

Slovakia Slovenia

63%
54%
52%
44%
26%
20% 19%
11%

Strong current hiring levels, combined with a predicted


   
Slovenia’s hiring levels are at the same level as the
increase in managerial and professional jobs suggest that Eastern European average, with companies optimistic for
Slovakia is joining the region’s overall recovery. Levels of a continued increase. Job loss levels and predictions are
actual and predicted job losses are similar to the significantly lower than are being seen in the region. 
Snapshot’s findings across the whole of Eastern Europe. 

Turkey Ukraine

68% 70%
48%

29% 30% 26%


10% 13%

   
This Snapshot’s hiring level of 29% is down from the 36% of Hiring and firing levels in the Ukraine are very similar to
companies taking on managers and professionals at the start those currently being reported in Russia, comparing
of 2010, but predictions show this to be a minor dip, with favourably with other countries in the region. A predicted
recruitment expected to soar to 48%. Additionally, job loss rise in managerial recruiting and an expected drop in
rates continue to remain at one of the lowest levels in the levels of staff reductions are also good news for the
European/Eurasian region, with previous estimates being country. 
reasonably accurate. Predictions for job losses in the next
quarter are slightly more negative; with a small rise expected.
Neighbouring Greece’s economic problems may be affecting
levels of confidence in the region, but the majority of
companies appear to be consolidating and retaining, rather
than planning to fire, staff. 

 
Antal Global Snapshot | Edition 6 - June 2010  
EASTERN EUROPE
Detailed examination of key markets

Eastern Europe & Eurasia Key Sectors


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

Polish Sectors

57% 66% 38%


43% 63% 48%
7% 16% 2%
4% 13% 5%
AUTOMOTIVE   BANKING   ENGINEERING  

68% 47% 71%


68% 35% 75%
25% 12% 2%
18% 11% 15%
IT - SOFTWARE   PHARMACEUTICALS   TELECOMS  

Russian Sectors

83% 51% 67%


67% 49% 50%
17% 52% 33%
25% 39% 17%
CHEMICALS   ENERGY   ENGINEERING  

Turkish Sectors

50% 33% 58%


67% 49% 50%
17% 8% 33%
17% 8% 50%
CHEMICALS   ELECTRONICS   IT   

 
Antal Global Snapshot | Edition 6 - June 2010  
THE ANTAL INTERNATIONAL ‘GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 55 key markets surveyed.

Middle East & Gulf Region Europe


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

Middle East & Gulf Region


(Bahrain, Kuwait, Israel, Oman, Qatar, Saudi Arabia, UAE, Yemen) Saudi Arabia

74% 77%
63%
48%

21% 22%
16% 16%

 
The Gulf region’s overall levels of hiring and firing are
 
Saudi Arabia continues to outperform all other countries
roughly in line with the global outlook and hiring in the Gulf region, both in terms of current and projected
expectations for the coming quarter are strong. High hiring. The percentage of organisations shedding staff at
levels of confidence and hiring levels in Saudi Arabia and professional and managerial level is also very low and
the UAE, and very low actual job losses and predicted appears likely to continue at a low rate over the coming
loses in Kuwait, are tempered by a poorer outlook in quarter.
Yemen, with losses and predicted losses both standing at
50%. The particular situation in Yemen negatively affects  
the overall average figures for the region, so this should
be taken into consideration when comparing the hiring
and firing figures from the Gulf with other areas. 

UAE  Israel

73%
62%
67%

47%

15% 16% 20% 20%

   
The UAE’s recent economic problems do not seem to have The percentage of companies predicting that they will be
had a continuing negative impact on hiring levels and it has taking on new managerial or professional staff in the next
retaken its place as one of the top job markets in the region, quarter shows a leap up to 67% from the current level of
second only to Saudi Arabia. Hiring levels in the UAE are up 47%, suggesting that confidence in economic recovery is
since the beginning of the year when only 51% of businesses growing. 
were recruiting. Job losses are also occurring at a lower level
than in January’s Snapshot when the percentage of
businesses shedding staff stood at 24%. With expectations
for job losses remaining very low and the numbers of
companies expecting to hire going up, there appears to be a
significant return in confidence in the employment sector. 

 
Antal Global Snapshot | Edition 6 - June 2010  
THE ANTAL INTERNATIONAL ‘GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 55 key markets surveyed.

Middle East & Gulf Region Continued... Europe


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

Bahrain Kuwait

57%
52% 56%

38%
29%
24%

6% 6%

 
Bahrain’s hiring levels are at a respectable 52%, putting it
 
Hiring levels in Kuwait since the beginning of the year
slightly above average for the Gulf region, with the good have not been as strong as in other Gulf nations, but are
news that this is expected to increase. The percentage of expected to see an upturn to 56% in the coming quarter.
companies who responded to the survey expecting to The numbers of companies letting staff go are low at six
shed staff is slightly above the regional average at 24%. percent and this is not expected to rise, suggesting a
strong return to economic confidence.
 

Oman  Qatar

51% 53%

73%
60%

20% 20%

13% 17%

   
Oman’s predicted hiring levels for the next quarter are Qatar is seeing companies taking on staff at professional
expected to remain at a fairly stable level, in line with the and managerial level at a rate that is well above the
current Gulf average. Numbers of companies letting staff go average for the region, with growth expected to accelerate
are also around the average level for the region. This in the coming quarter. Numbers of companies downsizing
suggests that companies in Oman are consolidating their are well below average.
position and that growth will be gradual rather than fast.

 
Antal Global Snapshot | Edition 6 - June 2010  
THE ANTAL INTERNATIONAL ‘GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 55 key markets surveyed.

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

Angola Botswana

50% 50%
33%
25%
17%
2% 1% 3%

Current hiring levels in Angola compare favourably with


   
This Snapshot shows an excellent outlook for Botswana.
other countries in the region, although lower predictions Hiring for the next quarter is predicted to hit an impressive
for the next quarter suggest that companies are favouring 50% and firings are at miniscule levels. 
a cautious outlook. Current headcount cuts are amongst
the lowest in the world. 

Egypt Ghana

75% 71%

33% 33%

13% 17%
8%
2%

   
After a very high (55%) level of companies shedding staff in After a period showing very low hiring rates, the recovery
January’s Snapshot, predictions for a much lower future level in Ghana’s professional and managerial jobs sector
appear to have been accurate, with only 8% reporting firings indicated by the January Snapshot is continuing and is
now. Hiring is also occurring at a very high rate, up from 65% predicted to remain stable. Actual reported job losses of
at the beginning of the year. Predicted headcount shrinkage only 2% are amongst the lowest level in the whole Global
amongst only 13% of companies compares well with the rest Snapshot. 
of the region and shows that returning confidence appears
likely to be sustained. 

 
Antal Global Snapshot | Edition 6 - June 2010  
THE ANTAL INTERNATIONAL ‘GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 55 key markets surveyed.

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

Kenya Nigeria

71%
71%

52%
43% 43%
29%
24%
14%

Kenya is an exception to the generally low levels of job


   
The picture for Nigeria, since the beginning of the year, is
losses seen across Africa; however predicted hiring levels that businesses did not see the optimistic recovery hoped
of 71% next quarter are an extremely good sign.  for, but headcount reductions were not at the level feared.
After a significant rebound in hiring levels, which rose to
79% in January, the job market for managers and
professionals dropped to a still healthy 52% this time
around. However, the number of companies expecting to
let staff go had been predicted to hit 28%, but was
actually only half the expected figure at just 14%. 

South Africa

39% 35%

15% 11%

 
South Africa has experienced a dip in hiring rates from the
previous level of 49%, with predictions for the next quarter
remaining cautious at 35%, suggesting that a previous
upward trend has not been sustained. More comfortingly,
however, levels of staff reduction remain reasonably low and
are expected to decline further, perhaps due to the World
Cup’s effect on the country’s economy. Some business
sectors such as banking and telecoms are clearly leading the
way out of the downturn, with significantly high hiring and low
firing figures. 

 
Antal Global Snapshot | Edition 6 - June 2010  
Africa
Detailed examination of key markets

South African Key Sectors Europe


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

South African Sectors

72% 27%
58% 15%
3% 7%
2% 4%
BANKING   CHEMICALS  

33% 51%
33% 36%
17% 7%
33% 6%
ENERGY   ENGINEERING  

42% 18%
51% 29%
24% 21%
8% 14%

FMCG
  SUPPLY CHAIN  

75% 32%
25% 67%
3% 34%
2% 34%
TELECOMS   TRANSPORT  

 
Antal Global Snapshot | Edition 6 - June 2010  
THE ANTAL INTERNATIONAL ‘GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 55 key markets surveyed.

Asia & Indian Subcontinent


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

China Hong Kong

72% 73%
65%
58%

35%
17% 19% 23%

Although still down on the high of 74% recorded in


   
Hong Kong’s hiring and firing figures and predictions are
September, hiring levels in China remain buoyant at 72% - very similar to those currently reported for Japan,
almost exactly the same as in January this year. At the showing that the picture across the East Asian economies
same time the percentage of businesses shedding staff is is fairly consistent, although expected job loss rates
down from 25% at the beginning of 2010 to just 17% now. compare favourably with the Philippines. 58% of
All key sectors remain strong, although professional companies hiring, rising to a predicted level of 65%
services has made the only notable improvement with indicates that growth is expected. 
recruitment in this sector up from 78% to 83%. 

India Japan

73% 77%

63%
54%

33%
25%
16%
11%

   
India continues to make a steady recovery from its very Expected job losses for the managerial and professional
depressing start to 2009 when less than 30% of businesses sectors in Japan are roughly in line with global levels and
in the country were recruiting at professional or managerial a predicted rise in companies taking on staff, up to 63%
level. Current hiring levels are up from 71% at the beginning from 54% shows that the outlook for jobs in Japan is
of the year to 73% now and the percentage of businesses buoyant. 
shedding staff is down from 16% to just 11%. The lead in the
ongoing recovery seems to have been taken by the
manufacturing sector where a staggering 96% of
organisations are planning to hire over the next three months. 

 
Antal Global Snapshot | Edition 6 - June 2010  
THE ANTAL INTERNATIONAL ‘GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 55 key markets surveyed.

Asia & Indian Subcontinent Continued...


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

Malaysia Pakistan

90%
75%

55% 62% 58%


45%

29% 31%

Hiring levels in Malaysia are at a massive 75%, with an


   
Perhaps due to continuing uncertainty in the political
even bigger jump predicted, putting it in the top two of the climate hiring levels are slightly down since January from
global list for managerial and professional recruitment. 70% to 62%. However the percentage of organisations
The current level of job cuts is also expected to drop in the shedding staff is also down markedly from 53% to just
coming quarter.  29% suggesting some return in confidence to the jobs
market for managers and professionals. 

Philippines Singapore

81%
68%
56% 56%
50% 53% 53%
47%

   
The level of hiring at managerial and professional level is up Singapore’s current and predicted managerial and
substantially from 46% in January to 56% now. However the professional hiring levels are slightly above the global
increase in the percentage of companies shedding staff from average and in line with those of other countries in the
42% at the beginning of the year to 50% now does suggest region. Expected job reductions are above average but a
there is still an underlying volatility in the jobs market.  predicted jump in hiring to 68% is very positive news. 

 
Antal Global Snapshot | Edition 6 - June 2010  
Asia & Indian Subcontinent
Detailed examination of key markets

Asia & Indian Subcontinent Continued...


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

Thailand

71% Thailand’s hiring levels are lower than those


43% currently being seen in other Asian
29% countries, but a level of job reductions of
14%
14% is well below the regional average.
 

China Sectors Key Sectors

85% 83%
87% 76%
15% 16%
5% 20%
CHEMICALS   ENERGY  

78% 83%
80% 89%
14% 17%
16% 17%
MANUFACTURING    PROFESSIONAL  
SERVICES

India Sectors Key Sectors

59% 85%
50% 69%
4% 3%
3% 14%
CHEMICALS   ENERGY  

75% 52%
96% 54%
4% 24%
3% 23%
MANUFACTURING    TELECOMS  
 
Antal Global Snapshot | Edition 6 - June 2010  
THE ANTAL INTERNATIONAL ‘GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 55 key markets surveyed.

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

Argentina Brazil

74%
65% 66%
65%

35% 39% 41%


32%

With approximately three-quarters of companies currently


   
The hiring of managers and professionals in Brazil is up
taking on managers and professionals, and two-thirds markedly from 50% at the beginning of the year to 65%
expecting to do so in the next quarter, the picture for hiring now and is set to rise again over the next three months.
in Argentina is positive.  However the shedding of staff has also picked up quite
dramatically from just 16% in January. 

Canada Mexico

82%
76%
67%
61%
47%
41% 39%
36%

   
The Canadian jobs market shows significant churn. World- Strong hiring rates in Mexico are expected to continue to
leading levels of recruitment and a positive outlook are set improve. Companies seeking to reduce headcounts are at
against 41% of companies reporting job cuts. Hiring levels levels in line with the rest of the Americas. 
are above those reported in the USA and predicted growth to
82% of companies hiring shows that there is a lot of activity
taking place. 

 
Antal Global Snapshot | Edition 6 - June 2010  
THE ANTAL INTERNATIONAL ‘GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 55 key markets surveyed.

The Americas Continued...


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

USA

63% 66%

37% 34%

 
Global Snapshot’s findings mirror the recent figures
published by the US Labor Department which show that,
while the number of jobs in the US economy is climbing,
so is the number of unemployed. Our research shows the
percentage of companies hiring managers and
professionals is up from 56% in January to 63% now,
rising to 66% in the coming quarter. However the
percentage of businesses shedding staff is also up from
just 29% at the beginning of the year to 37% in May. 

 
Antal Global Snapshot | Edition 6 - June 2010  
THE ANTAL INTERNATIONAL ‘GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 55 key markets surveyed.

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

Australia New Zealand

72% 98%
69%
83%
48% 67% 67%
41%

 
The outlook for hiring and firing in Australia is mixed.
 
Much like neighbouring Australia, the picture for New
Current and predicted hiring levels are amongst the Zealand’s professional job market is mixed. A current
highest in the world and considerably above the hiring level of 67% puts it amongst the leading nations,
international average, but this is set against a headcount and predictions for this to hit 98% are hugely positive, but
reduction level of 41%.  this is set against a headcount reduction rate of 67% and
predictions for further cuts. 

 
Antal Global Snapshot | Edition 6 - June 2010  
THE ANTAL INTERNATIONAL ‘GLOBAL SNAPSHOT’
THE CURRENT PICTURE

Winners and Losers – Regions

In a continuing demonstration of the shifting balance of


economic power in recent years, the region with the
highest current level of recruitment activity at
managerial and professional level was the Asia-Pacific
area at 65%. However the continuing recovery of the
US economy meant that the Americas region was not
far behind at 64%. In sharp contrast, Western Europe
scored a relatively poor 45%.

Winners and Losers – Sectors

Across the globe the sectors with the highest current


levels of recruitment at professional and managerial
level were:

1) Banking
2) Engineering
3) FMCG
4) IT software
5) Manufacturing

The lowest were shipbuilding, music and entertainment


and airlines.

Global Snapshot – The Worldwide Picture

Are you currently hiring at managerial/professional level? – 54%

Are you currently letting people go at managerial/professional level? – 22%

 
Antal Global Snapshot | Edition 6 - June 2010  
THE ANTAL INTERNATIONAL ‘GLOBAL SNAPSHOT’
THE OUTLOOK
Winners and losers – Regions

Forecasts for the next quarter suggest that the Asia OUTLOOK:
Pacific region will continue to offer the best prospects for Expecting to hire in
managers and professionals with 73% of organisations the next quarter
planning to recruit at this level. Prospects in the
Americas are set to improve with 66% of companies
intending to add to headcount, whilst the situation in
Western Europe is also looking more positive with 51%
of businesses preparing to hire.

Global Snapshot – the worldwide picture

Do you expect to hire at managerial/professional level over the coming quarter? – 58%

Do you expect to let people go at managerial/professional level over the coming quarter? – 25%
 
Antal Global Snapshot | Edition 6 - June 2010  
THE ANTAL INTERNATIONAL ‘GLOBAL SNAPSHOT’

Conclusion

Not an approaching train

Cynics often tell us that the light we can see at the end of a tunnel is actually the headlamps of an approaching train.
Fortunately this does not seem to be the case in terms of the global professional jobs market.

The signs of recovery that we detected in the Global Snapshots produced in September 2009 and January 2010 have
been repeated in this edition. Across the world the level of hiring at managerial and professional level has risen slightly
since the beginning of the year from 53% to 54% and looks set to rise again over the next quarter to 58%. At the same
time the percentage of organisations shedding staff in the ‘magnificent middle’ has dropped from 28% in January to
just 22% now. And if anyone ever doubted the underlying robustness of the global financial services community they
should look no further than this edition of Global Snapshot. After a painful period of large scale redundancies and
recruitment freezes, the banking sector is once again the most active hirer of talent around the world.

Of course no recovery is ever simultaneous and universal. A number of countries in both Western and Eastern Europe
have seen a drop in hiring levels, as has Nigeria and Africa’s largest economy, South Africa despite the economic
optimism generated by the looming World Cup.

In the last two editions of Global Snapshot we have hesitated to suggest that a genuine and sustained recovery is
underway, wary of the fact that more unpleasant surprises might still be announced by the banking community.
However the fact that this industry now tops the list of the world’s most active sectors gives us the confidence to
predict that a double dip recession is now unlikely to take place. As a result the nascent war for talent that has already
broken out is likely to become fiercer over the next few months, as the most prescient businesses snap up the people
who will enable them to secure best advantage in improving markets.

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 Vincenzo Trabacca at VTrabacca@antal.com or your local Antal office – see www.antal.com
for more details.

Vincenzo Trabacca
Antal International Italy Ltd
Via Santa Maria Segreta 6
20123 Milan, Italy
Tel: +39 02 80 60 60 1
Fax: +39 02 80 50 20 10
Email: VTrabacca@antal.com

www.antal.com
www.snapshot.antal.com

 
Antal Global Snapshot | Edition 6 - June 2010

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