Beruflich Dokumente
Kultur Dokumente
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.
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.
Italy Luxembourg
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.
Portugal Spain
45%
36%
25% 27% 31% 30% 26% 23%
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
German Sectors
Italian Sectors
Spanish Sectors
UK Sectors
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.
Bulgaria Croatia
47% 44%
28% 32% 34%
19% 20% 20%
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.
Poland Romania
20% 20%
13% 12%
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.
Slovakia Slovenia
63%
54%
52%
44%
26%
20% 19%
11%
Turkey Ukraine
68% 70%
48%
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
Polish Sectors
Russian Sectors
Turkish Sectors
Antal Global Snapshot | Edition 6 - June 2010
THE ANTAL INTERNATIONAL ‘GLOBAL SNAPSHOT’
Local Picture - Detailed information on the 55 key markets surveyed.
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%
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.
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%
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%
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
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.
72% 73%
65%
58%
35%
17% 19% 23%
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.
Malaysia Pakistan
90%
75%
29% 31%
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
Thailand
85% 83%
87% 76%
15% 16%
5% 20%
CHEMICALS ENERGY
78% 83%
80% 89%
14% 17%
16% 17%
MANUFACTURING PROFESSIONAL
SERVICES
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%
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.
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?
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
1) Banking
2) Engineering
3) FMCG
4) IT software
5) Manufacturing
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.
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
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