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  • ANTAL GLOBAL SNAPSHOT A survey of hiring and firing trends in key employment markets around the world.

    Edition 7 - November 2010 snapshot.antal.com

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    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.

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    Antal Global Snapshot | Edition 7 November 2010 www.snapshot.antal.com

    THE ‘ANTAL GLOBAL SNAPSHOT’ 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%.

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    Antal Global Snapshot | Edition 7 November 2010 www.snapshot.antal.com

    THE ‘ANTAL GLOBAL SNAPSHOT’ Local Picture - Detailed information on the 52 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

    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%. 

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    Antal Global Snapshot | Edition 7 November 2010 www.snapshot.antal.com

    THE ‘ANTAL GLOBAL SNAPSHOT’ Local Picture - Detailed information on the 52 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

    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%. 

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    Antal Global Snapshot | Edition 7 November 2010 www.snapshot.antal.com

    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

      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 SE

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