Posted June 17th, 2010
The ‘Global Snapshot’ project
from the international recruitment firm, Antal
, asked 9,672 companies in major markets such as western and eastern Europe, Africa, India, China and the USA whether they were currently hiring at professional and managerial level. It then asked whether they planned to do so in the coming quarter and whether they were currently letting staff go or were planning to do so in the next three months.
Currently, 54 per cent of those surveyed across the globe are hiring, up from 53 per cent at the beginning of the year. The percentage of organisations intending to hire in the coming quarter was also up from 55 per cent to 58 per cent, while the number intending to shed staff had fallen slightly from 28 per cent in the autumn to 22 per cent now. However, the general consensus was that this figure would wind up at 25 per cent over the coming quarter.
The highest current hiring levels amongst the larger economies in western Europe were in the UK (60 per cent), France (53 per cent), and Germany (41 per cent). However, many of the smaller countries bettered their larger neighbours; namely Belgium (66 per cent), The Netherlands (63 per cent) and Switzerland (60 per cent).The lowest levels of hiring were in Luxembourg at 29 per cent and Malta at just six per cent.
In the US, Global Snapshot’s findings show the percentage of companies hiring managers and professionals is up from 56 per cent in January to 63 per cent now, rising to 66 per cent in the coming quarter. However the percentage of businesses shedding staff is also up from just 29 per cent at the beginning of the year to 37 per cent in May.
Hiring levels in Asia have also risen slightly, and employers appear to be confident about recruitment plans for the coming quarter with 73 per cent of businesses in China planning to increase headcount. In India hiring levels look set to jump to 77 per cent in the coming quarter.
Saudi Arabia registered the highest level of recruitment at 74 per cent. However the UAE appeared to have staged something of a recovery with hiring up from 51 per cent at the beginning of the year to 62 per cent now.
When comparing the 55 countries surveyed, more countries in western Europe had experienced a drop in hiring levels. Across the globe the sectors with the highest levels of recruitment at professional and managerial level were banking, engineering, FMCG, IT software and manufacturing. The lowest were shipbuilding, music and entertainment and airlines.
“Although some countries, particularly in western Europe, are still seeing a decline in the employment market, the global picture has definitely improved once again,” says Antal’s CEO, Tony Goodwin. “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.”