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Job markets improving around the world, survey reveals

November 19, 2015  /   No Comments

Nick Elvin

A global survey of hiring and firing trends covering more than 9,500 organisations in 30 key countries has found job prospects for professionals and managers continuing to improve.

The latest Global Snapshot project from international recruitment firm, Antal, asked companies in major markets such as Western and Eastern Europe, China and Mexico 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.

Current hiring across the globe was up from 68% of respondents in January 2015 to 70% now, and the percentage of organisations intending to hire in the coming quarter was also up from 66% to 68%. The percentage of organisations intending to shed staff fell from 24% to 19% during the same period.

In Western Europe the highest current hiring levels among the larger economies were in the Netherlands (79%), Switzerland (70%) and the UK (64%). The lowest level of hiring was in Italy at 35% of businesses surveyed, reflecting the economy’s reliance on the financial sector. The job market is currently faring well in Germany (53%), with a number of sectors being highly active: most notably packaging and banking, with 90% and 86% of businesses respectively taking new staff on.

In Eastern Europe and Eurasia, the highest recruiting levels in this region were in Poland (71%) and the Czech Republic (63%). Across Poland, the utilities and SSC/BPO sectors currently hold the highest figures for hiring new staff at 92% and 91% respectively. Hungary’s economic problems meant that it had the lowest level of hiring in the region with only 31% of businesses questioned actively seeking new managers or professionals.

According to the survey, South Africa offers a good indication that African employment, at least at a professional and managerial level, appears to be holding up well with 60% of businesses currently recruiting. Across the country, the banking sector currently holds the highest figures for hiring new staff at 90%.

Hiring levels in Qatar (74%) and Saudi Arabia (62%) indicate employers are looking to hold on to professionals, possibly to meet the demand for the high-profile projects coming up such as the 2022 World Cup.

Seventy-six per cent of organisations surveyed are currently hiring in China. However, the percentage of organisations shedding staff has risen from 32% to 36%, suggesting that employers are taking advantage of current conditions to “weed out” less-productive staff.

The picture in India is a similar one to that in China with the professional jobs market making a substantive recovery after a major loss of confidence at the start of 2015. Anticipated hiring levels in India are up to 88% from 59%. The continuing growth of the Indian economy is reflected in the demand for qualified managers and professionals in almost every sector. Accounting (79%), education (78%) and e-commerce (74%) are particularly affected.

Meanwhile, in the Americas, the Mexican jobs market shows stability, with 54% of companies hiring, against 34% reporting job cuts.

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