Antal Global Snapshot - Edition 11

ANTAL GLOBALSNAPSHOTA survey of hiring and firing trends in keyemployment markets around the world.

Edition 11 - April 2012snapshot.antal.com

Antal Global Snapshot | Edition 11 - April 2012

www.snapshot.antal.com

THE ‘ANTAL GLOBAL SNAPSHOT’

Contents

Introduction Introduction - Page 1 Local Picture Western Europe Austria, Belgium, Denmark & Finland - Page 2 France, Germany, Greece & Ireland - Page 3 Italy, Luxembourg, Malta & Netherlands - Page 4 Norway, Portugal, Spain & Sweden - Page 5 Switzerland & United Kingdom - Page 6 Eastern Europe & Eurasia Bulgaria, Croatia, Czech Republic & Hungary - Page 7 Poland, Romania, Russia & Turkey - Page 8 Israel - Page 9 Middle East Bahrain, Kuwait, Oman & Qatar - Page 10 Saudi Arabia & United Arab Emirates - Page 11 Africa Algeria, Angola, Egypt & Ghana - Page 12 Nigeria & South Africa - Page 13 Asia Pacific Australia, China, India & Japan - Page 14 Malaysia, New Zealand, Philippines & Singapore - Page 15 South Korea, Taiwan & Vietnam - Page 16 The Americas Argentina, Brazil, Canada & Chile - Page 17 Mexico & United States of America - Page 18 Key Sectors

Western Europe

Western Europe Overview - Page 19 France - Page 20 Germany - Page 21 & 22 Italy - Page 23 & 24 Netherlands - Page 25 & 26 Spain - Page 27 & 28 United Kingdom - Page 29 & 30

Key Sectors Continued… Eastern Europe & Eurasia Eastern Europe & Eurasia Overview - Page 31 Poland - Page 32 & 33 Romania - Page 34 & 35 Middle East Middle East Overview - Page 36 United Arab Emirates - Page 37 Africa Africa Overview - Page 38 South Africa - Page 39 & 40 Asia Pacific Asia Pacific Overview - Page 41 China - Page 42 & 43 India - Page 44 Philippines - Page 45 Singapore - Page 46 & 47 The Americas The Americas Overview - Page 48 Disciplines and Functions Western Europe - Page 49 Eastern Europe & Eurasia - Page 50 Middle East - Page 51 Africa - Page 52 Asia Pacific - Page 53 The Americas - Page 54 Conclusions Winners & Losers – Page 55 & 56 Conclusion - Page 57

Antal Global Snapshot | Edition 11 – April 2012 Page 1



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 eleventh report in the series is based upon material sourced from more than 17,000 businesses in commerce, industry and the financial services sector in 56 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 over 100 offices in more than 30 countries and works with many of the world's most successful and ambitious employers.

Methodology This edition of the 'Antal Global Snapshot' is based upon survey forms and telephone interviews completed by line and HR Managers in 17199 companies, professional partnerships and financial institutions across 56 countries in February and March 2012. 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 11 – April 2012 Page 2



Local Picture - Detailed information on the 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

Denmark

43% 40% 35% 34%

As December’s Snapshot predicted, Austrian hiring levels have remained above 40% this quarter. The number of companies currently recruiting new staff stands at 43% and is set to remain quite stable over the next few months. Austrian firing levels have also increased this quarter; rising from 19% to 35%. This however, is most likely a result of the significant recruitment boom within Austrian companies seen in the latter half of 2011.

46% 43%

28% 32%

51% 47% 35%

42%

Those seeking managerial positions in Denmark this quarter have not seen the expected boom of employment, as predicted by December’s Snapshot. Hiring levels have remained relatively consistent though, falling just 2% from 53% to 51%. Over the following few months, the percentage of companies recruiting is expected to fall a little further to 47%. This figure, however, is greater than hiring levels currently present within some of Denmark’s neighbouring countries. On the other hand, firing levels have also dropped slightly this quarter to 35%, indicating more of those already in employment are keeping their jobs.

49% 45% 39%

31%

Finland

Recruitment of managerial and professional staff in Belgium has fallen quite substantially this quarter from 60% to 46%. This is set to level out over the coming months, however, and remain at 43%. Belgium’s firing levels have been more stable during the first quarter of 2012 and currently stand at 28%. This figure is expected to rise very modestly to 32% but still remain lower than the high of 37% seen this time last year.

As predicted, hiring levels in Finland have fallen this quarter, while the number of businesses looking to shed staff has risen. This has happened to a greater extent than expected; particularly in terms of the percentage of companies recruiting new staff. According to this quarter’s Snapshot, hiring rates in Finland now stand at 49% rather than the predicted 57%. The next quarter is looking more positive, however, with hiring levels remaining relatively consistent at 45% and Finland’s firing levels dropping from 39% to 31%.

Antal Global Snapshot | Edition 11 - April 2012 Page 3




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?

France Germany

Greece

36% 39% 30% 32%

The number of French companies looking to recruit at a managerial and professional level has dropped quite significantly in the early months of 2012. At present, 36% of businesses in France are hiring new staff. Over the next few months, things are expected to take a turn for the better, however. Hiring levels are predicted to be 39% next quarter, indicating a modest yet noteworthy rise and an increase in stability within the French job market. Firing levels for the present quarter and those predicted for the next have remained somewhat more stable, with 30% of French businesses currently letting staff go and 32% looking to do so in the near future.

32% 22%

8% 7%

42% 47% 45% 47%

Following a somewhat surprisingly high degree of recruitment last quarter, given Greece’s current economic instability, hiring levels in Greece have fallen in the start of 2012. At present, 42% of Greek businesses are taking on new staff at a managerial and professional level; 18% less than in December. The percentage of companies letting people go has also risen from 38% to 45%, perhaps quite understandably. The good news, however, for Greece is that over the next three months hiring levels are once again set to take a positive turn, with 47% of Greek corporations looking to recruit new staff.

43% 42% 35% 38%

Despite the present unrest concerning the Euro in Western Europe, Germany’s job market has once again remained stable this quarter. Recruitment figures have not fallen to 25% as predicted in December’s Snapshot, but remain at 32%. The percentage of German companies letting staff go this quarter also stands at a consistently low rate of 8% and just 7% of businesses are currently looking to shed staff at a managerial / professional position over the next three months.

Similar to much of Western Europe, the percentage of Irish companies undergoing recruitment has fallen this quarter. 43% of businesses are currently hiring at a managerial / professional level, while 42% will be looking to do so over the next quarter. Firing rates have remained more stable though, rising just 3% over the last three months. This is particularly pleasing given that Ireland had one of the highest levels of recruitment in the last Snapshot, indicating many of the managerial staff hired in Q4 2011 are keeping their jobs.

Ireland





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

39% 41%

15% 16%

Despite much fluctuation for some of its neighbouring countries, Italy’s employment market has stayed relatively steady this quarter. Hiring levels have dropped slightly from 42% to 39% and the number of Italian companies letting staff go has risen a little to 15%. It should be noted however, that this current level of job loss is one of the lowest in Western Europe and is predicted to remain so for the coming quarter. This infers a good amount of job stability for those already working in Italy.

50% 48%

23% 27%

53% 42%

58% 53%

Hiring levels have dropped quite substantially in Malta this quarter to 53%. This, however, does follow an impressive 82% of businesses hiring staff in the months leading up to December - the highest for Western Europe. Understandably, the number of companies shedding staff has also risen rather significantly from 27% to 58% during this time. Firing levels, however, are set to take a downward turn during the coming quarter, falling from 58% to 53%.

40% 50%

20% 19%

After a significant boom in hiring activity at the end of 2012, the percentage of companies in Luxembourg currently taking on new staff has gone back down to 50%. This is expected to decrease slightly over the next three months to 48% but remain more or less stable. Firing levels in Luxembourg have also decreased quite dramatically this quarter, from 41% to 23%, and are set to remain in the twenties for the coming months. This indicates more employees hired in the boom are keeping their jobs.

Things are looking positive for the Netherlands’ job market this quarter. Hiring levels have steadied at 40% and are set to rise to 50% over the next few months - 1% higher than July last year. Though only a 1% decrease in job loss was predicted, the number of companies letting staff go has also fallen considerably this quarter from 38% to just 20%. This value is expected to go down further to 19% over the next three months, signalling a fair amount of growth for the Dutch employment market.

Netherlands





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?

Norway Portugal

Spain

48% 45%

29% 32%

Following quite significant activity within the Norwegian job market last quarter, hiring levels have fallen for the start of 2012. At present, 48% of companies are employing managerial / professional staff and 45% are expecting to do so over the next few months. Job loss activity has also decreased, though not quite as much as predicted. The percentage of Norwegian businesses currently cutting staff has fallen from 35% to 29%. The next quarter is set to see a slight increase in this figure but Norwegian jobs will still remain more stable than six months ago.

35% 37% 36% 39%

29% 25% 26% 26%

Recruitment rates in Spain have recovered slightly this quarter to 29%, after falling by 8% in December. On the other side, the percentage of companies shedding employees has also increased from 18% to 26% over the last few months. This is understandable, however, given the sudden dip in job cuts in last quarter’s Snapshot and is equivalent to those present before the slump. Firing levels are set to remain stable for the near future, inferring an increase in stability for the Spanish employment market over the coming months.

After a somewhat inconsistent year, hiring rates in Portugal have settled around those seen this time last year. At present, 35% of companies are recruiting new staff and 37% are looking to do so over the coming quarter. Job losses have also increased from 23% to 36% in the first part of 2012, indicating a higher level of turnover in the Portuguese employment market. This does follow a significant drop in the number of companies letting staff go, however, and resembles more the activity seen in March last year when Portugal’s employment activity was more steady.

Sweden

46% 50%

30% 32%

Similar to many of the other higher flyers seen last quarter within Western Europe, hiring levels in Sweden have gone down quite dramatically over the last three months. The percentage of Swedish companies taking on new staff has fallen from 68% to 46%. This is expected to improve, however, over the coming quarter and rise to a respectable 50%. The rate of job cuts will remain more stable during this period, varying just 2% from 28% to 30%. This is reassuring, despite a fall in recruitment activity, as it indicates that those hired during the boom are retaining their positions.





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?

Switzerland

United Kingdom

31% 23%

12% 11%

Following an unexpected rise in employment last quarter, the percentage of businesses in Switzerland taking on new staff has fallen to 31% during the start of 2012. This is set to decrease to 23% over the few coming months. On a positive note, however, job loss rates are at a consistently low level for Western Europe - standing at just 12%. This lack of turnover in Switzerland’s employment market is expected to continue for the next quarter, offering a high degree of job security for those employed by Swiss companies.

45% 45%

28% 30%

The level of recruitment activity in the United Kingdom has remained more stable this quarter, after taking a quite significant dip in the lead up to December. Currently, 45% of companies in the United Kingdom are recruiting at a managerial and professional level and the same will be looking to do so over the next few months. The number of businesses shedding staff this quarter has increased slightly from 24% to 28%. This figure, however, is still lower than that seen six months ago. As the year progresses, the United Kingdom can look forward to a notably stable employment market, despite the current unrest other countries in the European Union may be experiencing with the Euro.





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

Czech Republic

62% 53%

37% 37%

The start of 2012 has seen a new high in terms of hiring activity for Bulgarian businesses. Recruitment of managerial / professional staff has increased by an impressive 14% from 48% to 62% this quarter, indicating a positive outlook for those seeking employment in this country. On the other side, the percentage of Bulgarian companies currently letting staff go has also increased to 37%, but to a lesser extent than that seen for recruitment. Though 37% indicates a relatively high staff turnover at present; this figure is predicted to remain stable over the next few months, putting an end to the upward trend in Bulgarian job losses over the past six months.

43% 41% 27%

19%

47% 44%

28% 25%

After a sudden boom in employment registered in last quarter’s Snapshot, hiring levels in the Czech Republic have returned to 47% over the last three months. The percentage of companies letting staff go has also risen during this time from 23% to 28%, though to a far less extent than recruitment levels have dropped. This represents a positive outlook for those in employment, as businesses in the Czech Republic have clearly retained much of the workforce hired during December’s boom. Job cuts are set to fall again over the next quarter to 25%, offering further stability for employees within the Czech Republic.

38% 36% 26% 30%

Hungary

Current hiring activity in Croatia has taken a positive turn this quarter, rising from 38% to 43%. Over the next few months, the percentage of Croatian companies recruiting is expected to diminish slightly but will remain above 40%. In terms of job cuts, the number of companies shedding staff in Croatia has risen quite dramatically over the last three months from just 13% to 27%, indicating a high level of turnover within the Croatian job market. The coming quarter should see this unexpected increase in activity end, however, with firing levels dropping down again to 19%.

There is good news for Hungary in this quarter’s Snapshot, as hiring levels have remained consistent at 38% - despite being predicted to fall considerably to just 27%. The number of companies looking to recruit at a managerial / professional level is set to decrease slightly over the coming three months but only by a further 2%. On the other side, the percentage of Hungarian businesses shedding employees has also fallen slightly from 29% to 26%, indicating more staff with managerial positions are keeping their jobs.





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

58% 52%

16% 15%

Despite once again being predicted to fall, recruitment rates in Poland have remained consistent at a respectable 58% this quarter. This Snapshot suggests that this will drop to 52% over the next three months, but only time will tell if this is case. Firing levels in Poland have also stayed attractively low during the first quarter of 2012. At present, just 16% of Polish companies are downsizing their workforce and only 15% are planning to do so over the next three months.

49% 48%

27% 28%

58% 56%

31% 27%

The level of hiring activity in Russia has fallen this quarter from 67% to 58%. Despite this, Russia still boasts higher employment rates than any of those present across Europe at this time. The percentage of companies looking to take on new managerial and professional staff over the next few months is also expected to remain in the fifties - decreasing by just 2% to 56%. On the other side, the level of Russian jobs being cut continues to drop in this quarter’s snapshot to 31%. The number of businesses looking to shed staff in the near future is set to continue in this downward trend, representing an ongoing, positive outlook for those in Russian employment.

41% 45% 52%

43%

Turkey

The percentage of Romanian businesses currently hiring new staff has fallen this quarter from 57% to 49%. This is set to stabilise over the coming three months, however, changing by just 1% to 48%. The level of job cuts has also stayed relatively consistent for March’s Snapshot. At present the number of Romanian companies shedding managerial / professional staff stands at 27% - only 1% up on December’s figures. Next quarter, job loss figures will also increase by 1%, indicating the Romanian employment market is remarkably steady at this time.

After a six month boom of hiring activity in Turkey, recruitment levels have finally fallen again, as was predicted in December’s Snapshot. Somewhat surprisingly, though, this has been to a greater degree than expected, with the number of Turkish companies taking on new staff dropping from 74% to just 41%. Turkish job cut rates stand at 31% at present, increasing 3% over the last few months. Fortunately, however, this indicates that despite Turkish companies’ lack of expansion this quarter, most of the staff that were employed during the recruitment boom have remained secure in their jobs.

Russia





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?

Israel

51% 46% 43% 49%

In this quarter’s Snapshot, Israel’s employment market continues to be noticeably active, despite December’s edition predicting hiring levels were set to fall to 44%. Instead, the percentage of companies in Israel undergoing recruitment has remained in the fifties. This is set to drop below the half -way mark in the coming quarter- though whether this actually happens is yet to be seen. Israel’s firing rates have also grown over the last three months to 43%, but to a lesser extent than hiring has dropped. This indicates more managerial / professional employees are retaining their jobs.





Middle East 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

53% 55% 47% 47%

Bahrain’s recruitment levels have stayed fairly steady over the last few months. The percentage of companies hiring staff lies at 53% at present - 1% more than in December’s Snapshot. This modest, yet positive trend for employment has been predicted to continue for the coming quarter, with 55% of Bahrain’s companies looking to hire at a managerial level over the next three months. In terms of job loss rates in Bahrain this quarter, the number of businesses shedding staff, or looking to do so soon, has increased quite markedly as expected - from 35% to 47%. This should level out as the year progresses, however, and remain at a high but steady 47%.

60% 49%

32% 32%

74% 69%

12% 17%

Despite December’s prediction that Oman’s recruitment activity would fall this quarter, the percentage of companies hiring at a managerial / professional level has increased by 4% to 74% - one of the highest for the region. Job losses have also plummeted in this time from 26% to just 12%, indicating a high degree of employment stability for those working in Oman. Over the next few months, the number of businesses looking to shed managerial staff is expected to grow somewhat to 17%, but this will still leave Oman with the lowest rates for job loss in the region.

77% 65%

22% 25%

Qatar

At 60%, the percentage of companies hiring at a managerial / professional level in Kuwait has risen by 7% this quarter - 1% more than predicted three months ago. On the other side, the level of job losses has also increased during this time by 3% to 32% and is set to remain the same for the coming quarter. Since this rise in firing activity stands below that for recruitment, however, it seems Kuwait’s job market has expanded in 2012. The number of companies hiring new staff within the next few months is expected to decrease to 49%, but whether this occurs is yet to be confirmed.

This March, Qatar again boasts the highest rates of employment for the region and the second highest in the world. The number of companies recruiting new staff has remained at 77% over the last six months, in line with the country’s ‘2030 Vision.’ Hiring levels are expected to fall over the coming quarter but remain at a respectable 65%. Firing rates have been less stable since December - rising from just 14% to 22%. This trend is set to continue for the near future, but to a lesser extent with job cuts reaching 25%.

Oman





Middle East 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?

Saudi Arabia United Arab Emirates

57% 64%

19% 22%

Following a significant recruitment boom, hiring activity in

Saudi Arabia has dropped quite considerably this quarter

from 73% to 57%. Things are expected to take a turn for the

better over the coming few months, however, with the

percentage of companies hiring rising again to a respectable

64%. On the other side of the job market, firing activity has

increased as expected from a record low of 10% to 19%.

Given the current drop in recruitment activity in Saudi Arabia

though, this modest increase indicates many of the staff hired

in the boom are retaining their positions and the Saudi

Arabian job market is rightsizing.

49% 54%

14% 14%

Hiring activity in the United Arab Emirates has fallen by 13%

this quarter. Yet at 49%, this figure still remains higher than

this time last year. The employment market is also set to

recover over the coming months, with recruitment rates

growing to 54%. In terms of job loss rates, the percentage of

businesses in the United Arab Emirates downsizing staff

numbers has stayed at one of the lowest for the region-just

14%. The coming few months will see firing activity remain at

this consistently low value, signalling a good degree of job

stability for this country.





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?

Algeria Angola

45% 40% 49%

43%

The percentage of Algerian companies hiring managerial and professional staff is quite low in relation to its fellow African countries. At present, Algerian recruitment rates stand at 45% and are expected to lower modestly to 40% over the next three months. At 49%, the level of job cuts is also relatively high within the Algerian job market compared to some of the surrounding areas. Things are set to improve for the coming quarter, however, with the number of Algerian businesses looking to shed employees taking a downward turn towards 43%.

49% 42% 41% 46%

54% 56%

23% 24%

In spite of the ongoing political unrest, the Egyptian job market is faring relatively well. The percentage of companies hiring at a managerial and professional level has fallen from December’s high of 64% to 55% this quarter. However, the rate of job cuts has also dropped to a greater extent from 34% to 23%, indicating more employees are keeping their jobs. The next few months should bring continued stability for the Egyptian employment market as well with both hiring and firing levels varying by just 1% - a notable achievement given the current political instability of this country.

55% 55% 41% 45%

Ghana

With hiring rates currently standing at 49%, Angola’s job market is not as active as some of the neighbouring countries. Over the next few months, this figure will fall slightly but remain above 40%. On the other side of Angola’s employment market, there is a relatively high degree of turnover occurring at present. 41% of companies are looking to cut managerial / professional positions this quarter and 46% are predicting they will do so over the next three months. Whether this occurs in practice, however, is yet to be confirmed.

Hiring activity in Ghana has increased by 9% for this quarter’s Snapshot to 55%. This value is set to remain steady for the next few months, after a year of somewhat dramatic fluctuations. The percentage of Ghana’s businesses shedding staff at the start of 2012 has risen to a higher degree than expected - from 23% to 41%, indicating a high level of turnover within Ghana’s job market. Over the coming quarter job cuts have been predicted to increase further, but to a more modest extent than for this March’s Snapshot.

Egypt





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?

Nigeria

South Africa

44% 56%

32% 40%

After the significant recruitment boom in Nigeria back in December, the percentage of companies hiring new staff has fallen quite substantially from 73% to 44%. The next quarter should see Nigeria’s job market recover well, however, with 56% of businesses expecting to recruit during the next three months - one of the highest rates for Africa. As predicted, job losses in Nigeria have gone up from 27% to 32% over this quarter and are expected to reach 40% in the near future. Nevertheless, recruitment does remain the more active field, indicating more Nigerian employees are keeping their jobs after the boom.

53% 59%

19% 15%

Though the level of South African companies recruiting new staff has reduced by 15% this quarter to 53%, firing rates for this country are the lowest for Africa - at 19%. The following three months are expected to bring more good news with both hiring rates increasing to 59% and firing rates falling in parallel to a modest 15%. This indicates the South African employment market is set to grow as the year progresses.





Asia Pacific 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 China

India

55% 54% 41% 38%

Australia’s recruitment activity has fallen by 18% this quarter to 55% - a value better reflecting that predicted back in the Snapshot of July 2011. This figure is set to level out over the coming three months, however, with 54% of Australian companies looking to take on staff in the near future. On the other side of the employment market, job cuts in Australia have increased for the start of 2012 from 31% to 41%. The good news, though, is that for this next quarter the percentage of companies looking to shed employees should take a downward turn and fall to 38%.

72% 71%

24% 26%

55% 57%

24% 38%

After an impressive year of recruitment activity, Indian hiring levels have fallen to 55% for the start of 2012. This brief lull will not continue, however, with the level of Indian businesses taking on new staff rising again to 57% next quarter. The percentage of companies letting staff go currently stands at 24% - 3% higher than in December but still lower than some in the region. Predictions have been made in this quarter’s Snapshot that over the next few months job cuts will rise to 38%, but whether this relatively large jump actually occurs is yet to be seen.

56% 58%

36% 44%

Japan

In line with the country’s BRICS status, the percentage of Chinese companies hiring at a managerial / professional level has increased this quarter. Current hiring rates stand at 72% and will remain in the seventies over the next few months. The number of Chinese businesses downsizing staff numbers has also increased for this quarter’s report - rising from 17% to 24%. This indicates a growing degree of turnover within the Chinese job market for the immediate future - though Chinese firing rates will still be lower than most in the region.

The Japanese employment market has taken a bit of a hit this quarter - understandable given the recent natural disasters impacting this country. The percentage of Japanese companies hiring new staff at present has fallen from an impressive 75% to 56%, in a similar fashion to a number of other countries in the region. On a brighter note, hiring activity will start to recover over the next few months - rising to 58%. Job cut rates have grown this quarter to 36%, with a further 8% increase expected in the coming months. This is, however, reasonable considering the consequences of the recent earthquake and tsunami.





Asia Pacific 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 New Zealand

Philippines

44% 42% 32% 33%

After a modest, yet notable rise in recruitment activity for December, Malaysian hiring rates have returned to the mid forties, last seen in the March 2011 Snapshot. The number of companies taking on new managerial and professional staff currently stands at 44% - 11% down on December’s total. Firing rates have also seen quite a considerable rise during this time, from just 11% to 32%. Over the following three months however, things should be steadier for the Malaysian job market with hiring and firing rates varying just 2% and 1% respectively.

53% 61%

36% 44%

97% 97%

5% 4%

At the start of 2012, the Philippines continues to boast the world’s highest levels of recruitment. This quarter, a remarkable 97% of companies are hiring at a managerial / professional level - a figure well above any other country surveyed. The firing rates for the Philippines are also the most appealing across the globe, with just 5% of businesses currently shedding employees and 4% looking to do so in the near future. As this year progresses, the job market in the Philippines should continue to remain exceptionally stable.

39% 40%

23% 21%

Singapore

Managerial and professional staff looking for employment in New Zealand will not have seen the predicted 11% rise in recruitment made in December’s Snapshot. Hiring activity has remained relatively stable, though, with a slight decrease of 3% to 53%. The following few months should see the promised growth in recruitment rates, with the number of companies taking on new staff rising to 61%. On the other side of the employment market, the percentage of New Zealand’s companies reducing staff headcount has gone up over the past few months to 36% - much like its neighbour Australia. Whether the further 8% increase in job losses predicted in this quarter’s Snapshot actually happens, though, is yet to be confirmed.

Hiring rates in Singapore have fallen slightly since December from 44% to 39%. Recruitment activity for this country, however, remains higher than it was in either March or July last year - 35% and 29% respectively. The percentage of companies letting staff go has risen quite notably from 12% to 23% this quarter. The good news is that the coming quarter should see these job loss rates start to lower again, indicating a rightsizing of the job market in Singapore.





Asia Pacific 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?

South Korea Taiwan

Vietnam

56% 50%

19% 29%

At 56%, the hiring rates in South Korea are slightly higher than many countries in the region. This figure is set to drop modestly over the next few months, but half of the South Korean businesses surveyed will continue to recruit at a managerial and professional level during this time. The present situation looks good for South Korean’s job market in terms of firing rates, with 19% of companies currently shedding staff - one of the lowest in the Far East. As the year progresses, job losses are predicted to rise by 10%, but the situation for South Korea will remain better than for some of its neighbours.

68% 62%

34% 48%

53% 59%

35% 35%

The Vietnamese employment market has been more active for the start of 2012. Both hiring and firing rates have increased over the last few months, indicating a lot more turnover in this country’s job market. The number of Vietnamese companies currently hiring new staff has gone up by 3% to 53%, while the rate of job cuts has risen quite substantially from just 10% to 35%. The situation will improve modestly over the coming quarter, however, with hiring rates continuing to increase to 59% while firing activity remains steady.

Taiwan currently boasts the second highest recruitment rates for the Asia Pacific region. In this March’s Snapshot, 68% of companies are taking on new recruits and 62% still expecting to do so over the next few months. The percentage of Taiwan’s businesses cutting managerial / professional positions has been recorded at 34% this quarter- comparatively higher than some of the surrounding countries. The level of turnover in Taiwan’s job market has been predicted to jump quite substantially to 48% new quarter.





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

Canada

44% 50%

43% 42%

In a similar fashion to the majority of the Americas, Argentina’s hiring activity has fallen this quarter from 65% to 44%. The next few months offer more positive prospects for Argentina’s job seekers though, as recruitment levels will start to recover again and hiring rates will go back up to 50%. There is currently a higher degree of turnover than expected within the Argentinean job market, as the percentage of businesses shedding staff has increased to a high of 43%. The Argentinean employment market will settle over the coming quarter, however, and the upward trend in job cuts over the past six months will end.

42% 48%

33% 33%

53% 55%

37% 39%

Despite a decrease in the percentage of companies taking on new recruits this March, Canada currently boasts the highest employment figures of the Americas - 53%. This is expected to remain the case as the year progresses, with Canadian recruitment rates increasing to 55%. Following December’s dip in firing activity, job losses have once again returned to 37%, but this is most likely due to the Canadian job market rightsizing after a jump in employment last quarter.

42% 53%

39% 39%

Chile

The past six months have seen Brazil’s recruitment levels steadily fall below the halfway mark. At present, 42% of Brazilian businesses are recruiting at a managerial and professional level. Fortunately, the coming quarter should see this negative trend finish and hiring rates will start increasing again to 48%. On the other side of the employment market, the number of Brazilian companies letting staff go, or looking to do so over the next three months, has increased once more from 26% to 33%. It should be noted, however, that this figure is still one of the lowest of any of the countries surveyed across the Americas.

In this quarter’s snapshot, Chile’s job market is once again characteristic of the Americas in general. Hiring levels have fallen from 60% to 42%, while job losses have gone up slightly to 39%. On a brighter note, however, the following few months should offer a better outlook for those seeking work in Chile. This quarter’s Snapshot predicts a respectable increase of 11% in hiring activity and a lack of movement around job loss figures for Chile. All these signs indicate that Chile’s job market is set to grow in the next three months.





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?

Mexico United States of America

36% 41% 31%

37%

At 36%, there has been a quite significant drop in the level of Mexican companies taking on new staff this quarter. This dip will only be brief however, with hiring rates increasing once more over the coming three months. The percentage of companies reducing their staff headcount has risen slightly at the beginning of 2012. At 31%, though, Mexico currently holds the lowest rates for job cuts of any of the American countries surveyed. The following quarter is expected to result in firing activity rising modestly to 37%, but whether this occurs in reality is yet to be seen.

48% 49%

32% 35%

Hiring rates in the United States of America have remained relatively constant this quarter - falling just 3% to 48%. Job losses within the employment market have varied slightly more during this time, with 32% of companies letting staff go- 6% up on December’s figures. Overall, however, the job market in the United States of America has been the most stable of any of its neighbouring countries over the last three months. This stability is set to continue into the near future with recruitment rates fluctuating by just 1% and firing level varying by a modest 3%.



WESTERN EUROPE

Detailed examination of key markets

Western Europe - Key Sectors



Accountancy

Agriculture

Automotive & Aerospace

Banking

Chemicals

Construction & Engineering

Consumer Goods

E-Commerce & Social Media

Education

Electronics

Energy - Oil & Gas

Energy - Renewables

Fashion

FMCG

Insurance

Legal

Leisure

Logistics

Luxury Goods

Manufacturing

Media

Medical

Mining

Packaging

Pharmaceuticals

Property

Public Sector (Governmental)

Retail

Security Services

Technology - Hardware

Technology - Software

Telecommunications

Utilities

47%

11%

37%

35%

24%

31%

25%

48%

30%

22%

41%

35%

42%

15%

50%

37%

45%

45%

24%

31%

25%

28%

42%

32%

25%

52%

44%

40%

33%

49%

45%

45%

32%

Accountancy

Agriculture


Banking

Chemicals


Consumer Goods


Education

Electronics

Energy - Oil & Gas

Energy - Renewables

Fashion

FMCG

Insurance

Legal

Leisure

Logistics

Luxury Goods

Manufacturing

Media

Medical

Mining

Packaging

Pharmaceuticals

Property


Retail

Security Services



Telecommunications

Utilities

13%

4%

13%

23%

15%

30%

15%

12%

45%

24%

35%

27%

12%

8%

12%

7%

20%

16%

9%

16%

22%

9%

34%

29%

15%

30%

36%

10%

33%

14%

15%

22%

32%

Expecting to Hire Expecting to Fire



WESTERN EUROPE


Western Europe Key Sectors Continued… Are you currently hiring at managerial/professional level?




45%

45%

27%

27%

13%

25%

50%

75%

23%

32%

23%

23%

France Key Sectors

33%

22%

56%

56%

57%

29%

14%

57%

25%

38%

50%

25%

50%

56%

31%

31%

56%

67%

33%

33%

43%

40%

28%

36%

AUTOMOTIVE & AEROSPACE BANKING

CONSTRUCTION

& ENGINEERING

CHEMICALS

ENERGY - RENEWABLES

ENERGY - OIL & GAS

43%

43%

29%

43%

14%

14%

29%

29%

28%

52%

12%

16%

60%

80%

80%

40%

FMCG

LOGISTICS MANUFACTURING

MEDIA PHARMACEUTICALS

TELECOMMUNICATIONS

TECHNOLOGY - SOFTWARE



WESTERN EUROPE






19%

8%

4%

3%

50%

30%

30%

20%

47%

41%

8%

11%

47%

40%

27%

33%

ACCOUNTANCY AUTOMOTIVE & AEROSPACE BANKING

Germany Key Sectors

30%

28%

13%

13%

79%

63%

26%

11%

CONSTRUCTION

& ENGINEERING CHEMICALS

38%

24%

11%

19%

64%

36%

36%

43%

40%

50%

35%

25%

ELECTRONICS

E-COMMERCE &

SOCIAL MEDIA

47%

16%

9%

6%

20%

8%

4%

3%

80%

20%

0%

0%

ENERGY - RENEWABLES

ENERGY - OIL & GAS

FASHION

64%

45%

18%

27%

FMCG

INSURANCE

LEISURE



WESTERN EUROPE






71%

54%

8%

8%

48%

29%

9%

10%

29%

14%

24%

29%

LOGISTICS

Germany Key Sectors

39%

28%

7%

5%

23%

32%

18%

27%

42%

32%

26%

37%

MEDIA

26%

15%

3%

2%

100%

50%

15%

15%

75%

50%

10%

10%

PHARMACEUTICALS

MINING

50%

33%

0%

0%

52%

26%

20%

13%

54%

38%

54%

23%

MEDICAL PACKAGING

TECHNOLOGY - HARDWARE TELECOMMUNICATIONS TECHNOLOGY - SOFTWARE

PUBLIC SECTOR

(GOVERNMENTAL) PROPERTY

MANUFACTURING



WESTERN EUROPE






33%

50%

17%

0%

17%

50%

8%

8%

25%

28%

8%

11%

ACCOUNTANCY AGRICULTURE

Italy Key Sectors

29%

26%

13%

18%

30%

37%

24%

22%

36%

45%

39%

36%

CHEMICAL

S

58%

79%

11%

0%

30%

22%

15%

22%

52%

48%

26%

33%

23%

43%

18%

20%

60%

56%

13%

11%

52%

46%

21%

21%

ENERGY - RENEWABLES

ENERGY - OIL & GAS

CONSTRUCTION

& ENGINEERING

E-COMMERCE &

SOCIAL MEDIA

BANKING

AUTOMOTIVE & AEROSPACE

54%

59%

6%

8%

39%

48%

19%

16%

53%

53%

12%

12%

FMCG FASHION

ELECTRONICS

INSURANCE LOGISTICS LEISURE



WESTERN EUROPE






32%

29%

14%

17%

37%

43%

23%

17%

44%

33%

22%

33%

27%

59%

9%

0%

33%

33%

17%

21%

LUXURY GOODS MANUFACTURING

Italy Key Sectors

18%

21%

9%

9%

MEDIA

48%

34%

21%

17%

45%

55%

18%

18%

50%

75%

25%

25%

PHARMACEUTICALS

MINING

48%

52%

10%

12%

67%

33%

33%

33%

33%

17%

17%

17%

SECURITY SERVICES RETAIL

PROPERTY

PACKAGING MEDICAL

46%

56%

9%

10%

43%

50%

29%

29%

14%

14%

43%

43%

TECHNOLOGY - SOFTWARE TELECOMMUNICATIONS

TECHNOLOGY - HARDWARE

UTILITIES

PUBLIC SECTOR

(GOVERNMENTAL)



WESTERN EUROPE






33%

52%

24%

10%

47%

47%

20%

33%

38%

50%

14%

14%

Netherlands Key Sectors

35%

56%

32%

29%

75%

50%

50%

50%

48%

52%

21%

21%

50%

38%

38%

63%

78%

67%

33%

33%

29%

14%

57%

43%

46%

51%

24%

32%

17%

33%

0%

17%

67%

67%

33%

33%

ACCOUNTANCY AUTOMOTIVE & AEROSPACE

CHEMICAL

S

CONSTRUCTION

& ENGINEERING

BANKING

E-COMMERCE &

SOCIAL MEDIA

ELECTRONICS ENERGY - RENEWABLES ENERGY - OIL & GAS

FMCG INSURANCE LEISURE



WESTERN EUROPE






25%

50%

19%

25%

48%

43%

29%

48%

25%

50%

38%

13%

Netherlands Key Sectors

67%

67%

33%

33%

13%

13%

75%

75%

67%

33%

33%

67%

25%

25%

100%

100%

75%

50%

25%

25%

44%

56%

18%

13%

38%

51%

15%

14%

56%

60%

8%

4%

67%

67%

0%

33%

LOGISTICS MANUFACTURING

MINING

MEDICAL

PHARMACEUTICALS PROPERTY

PUBLIC SECTOR

(GOVERNMENTAL) RETAIL



UTILITIES



WESTERN EUROPE






35%

29%

18%

24%

50%

63%

13%

13%

29%

25%

17%

21%

Spain Key Sectors

9%

18%

36%

27%

28%

25%

23%

25%

22%

22%

45%

41%

33%

11%

28%

17%

30%

14%

16%

24%

20%

32%

26%

42%

22%

22%

39%

52%

63%

25%

38%

38%

40%

35%

38%

35%

38%

13%

38%

38%

28%

34%

9%

9%

40%

30%

40%

35%

LEGAL

ACCOUNTANCY AUTOMOTIVE & AEROSPACE AGRICULTURE

BANKING

CONSTRUCTION


E-COMMERCE &

SOCIAL MEDIA ELECTRONICS

ENERGY - RENEWABLES

ENERGY - OIL & GAS

FASHION FMCG

INSURANCE LEISURE



WESTERN EUROPE






42%

34%

21%

13%

28%

23%

21%

19%

33%

27%

20%

13%

Spain Key Sectors

21%

20%

13%

12%

11%

22%

28%

33%

41%

29%

47%

53%

67%

33%

0%

33%

71%

57%

71%

29%

29%

29%

21%

17%

27%

21%

21%

23%

41%

33%

41%

33%

16%

21%

42%

37%

LOGISTICS MANUFACTURING MEDIA

PHARMACEUTICALS MINING MEDICAL

RETAIL PUBLIC SECTOR

(GOVERNMENTAL) TECHNOLOGY - HARDWARE

TELECOMMUNICATIONS TECHNOLOGY - SOFTWARE UTILITIES



WESTERN EUROPE






57%

43%

0%

0%

50%

50%

21%

29%

46%

31%

46%

62%

United Kingdom Key Sectors

27%

27%

45%

45%

40%

20%

60%

40%

90%

90%

36%

15%

67%

67%

22%

33%

33%

33%

67%

67%

47%

47%

24%

35%

50%

50%

22%

23%

5%

50%

15%

15%

57%

71%

29%

43%


CONSTRUCTION


E-COMMERCE &

SOCIAL MEDIA

ENERGY - RENEWABLES

ENERGY - OIL & GAS

FMCG

INSURANCE LEGAL

LEISURE

38%

50%

50%

38%

LOGISTICS



WESTERN EUROPE






47%

44%

22%

39%

22%

33%

22%

33%

57%

50%

36%

29%

United Kingdom Key Sectors

25%

25%

50%

75%

40%

60%

60%

60%

75%

75%

50%

50%

100%

50%

16%

15%

0%

25%

95%

95%

50%

50%

100%

50%

31%

38%

11%

15%

48%

52%

9%

4%

55%

45%

45%

9%

TELECOMMUNICATIONS TECHNOLOGY - HARDWARE TECHNOLOGY - SOFTWARE


(GOVERNMENTAL) PROPERTY

PHARMACEUTICALS MINING PACKAGING

MEDICAL MEDIA MANUFACTURING



EASTERN EUROPE


Eastern Europe & Eurasia - Key Sectors



Accountancy

Agriculture


Banking

Chemicals


Consumer Goods


Education

Electronics

Energy - Oil & Gas

Energy - Renewables

Fashion

FMCG

Insurance

Legal

Leisure

Logistics

Luxury Goods

Manufacturing

Media

Medical

Mining

Packaging

Pharmaceuticals

Property


Retail

Security Services

Shared Services



Telecommunications

Utilities

55%

52%

54%

52%

44%

49%

57%

63%

42%

44%

62%

37%

49%

40%

50%

48%

65%

52%

30%

51%

43%

56%

42%

49%

38%

30%

36%

46%

50%

74%

54%

58%

50%

66%

Accountancy

Agriculture


Banking

Chemicals


Consumer Goods


Education

Electronics

Energy - Oil & Gas

Energy - Renewables

Fashion

FMCG

Insurance

Legal

Leisure

Logistics

Luxury Goods

Manufacturing

Media

Medical

Mining

Packaging

Pharmaceuticals

Property


Retail

Security Services

Shared Services



Telecommunications

Utilities

13%

28%

13%

29%

23%

27%

23%

25%

27%

22%

35%

26%

38%

15%

14%

28%

48%

23%

22%

23%

21%

15%

21%

21%

23%

20%

23%

17%

17%

5%

15%

13%

25%

17%

Expecting to Hire

Expecting to Fire



EASTERN EUROPE


Eastern Europe & Eurasia Key Sectors Continued… Are you currently hiring at managerial/professional level?




72%

70%

4%

12%

50%

50%

25%

38%

65%

59%

7%

7%

ACCOUNTANCY AGRICULTURE

Poland Key Sectors

67%

56%

22%

22%

67%

56%

22%

22%

58%

56%

21%

20%

CHEMICAL

S

73%

82%

18%

18%

53%

37%

11%

10%

74%

47%

26%

21%

45%

36%

18%

9%

58%

54%

54%

38%

48%

39%

14%

10%

ENERGY - RENEWABLES

ENERGY - OIL & GAS

CONSTRUCTION

& ENGINEERING

E-COMMERCE &

SOCIAL MEDIA

BANKING

AUTOMOTIVE & AEROSPACE

62%

51%

15%

13%

49%

49%

23%

26%

80%

60%

0%

20%

FMCG FASHION

58%

52%

23%

21%

ELECTRONICS

INSURANCE

LOGISTICS

LEGAL LEISURE



EASTERN EUROPE






56%

50%

10%

15%

52%

65%

17%

4%

33%

40%

13%

13%

100%

100%

50%

50%

54%

50%

11%

14%

LUXURY GOODS MANUFACTURING

Poland Key Sectors

53%

44%

15%

10%

MEDIA

49%

34%

31%

25%

36%

31%

10%

16%

67%

33%

33%

33%

PHARMACEUTICALS

MINING

51%

44%

17%

13%

85%

74%

10%

5%

54%

61%

13%

11%

SHARED SERVICES RETAIL

PROPERTY

PACKAGING MEDICAL

63%

60%

12%

12%

62%

53%

28%

23%

71%

65%

13%

13%



UTILITIES

PUBLIC SECTOR

(GOVERNMENTAL)



EASTERN EUROPE






38%

31%

6%

13%

60%

53%

27%

20%

55%

55%

45%

27%

AUTOMOTIVE & AEROSPACE ACCOUNTANCY

Romania Key Sectors

50%

33%

17%

17%

29%

33%

25%

25%

75%

75%

25%

50%

75%

75%

100%

100%

67%

58%

42%

42%

33%

33%

50%

50%

BANKING

48%

43%

35%

30%

CONSTRUCTION


ELECTRONICS

E-COMMERCE &

SOCIAL MEDIA

ENERGY - OIL & GAS

ENERGY - RENEWABLES

FMCG



EASTERN EUROPE






60%

80%

40%

40%

59%

53%

29%

35%

39%

33%

22%

39%

Romania Key Sectors

45%

55%

27%

27%

54%

54%

23%

31%

20%

20%

40%

40%

100%

60%

80%

60%

70%

50%

20%

10%

54%

57%

11%

4%

50%

38%

13%

0%

LOGISTICS MEDIA MANUFACTURING

MEDICAL PHARMACEUTICALS

RETAIL

PROPERTY


TELECOMMUNICATIONS


Antal Global Snapshot | Edition 11 - April 2012 Page 36 www.snapshot.antal.com

MIDDLE EAST


Middle East - Key Sectors



Accountancy

Agriculture


Banking

Chemicals


Consumer Goods

Education

Electronics

Energy - Oil & Gas

Energy - Renewables

Fashion

FMCG

Insurance

Leisure

Logistics

Luxury Goods

Manufacturing

Media

Medical

Mining

Packaging

Pharmaceuticals


Retail



Telecommunications

Utilities

67%

67%

80%

100%

50%

46%

38%

50%

62%

58%

25%

29%

86%

50%

86%

46%

25%

45%

33%

80%

60%

56%

67%

50%

100%

47%

60%

78%

50%

Agriculture


Banking

Chemicals


Consumer Goods

Electronics

Energy - Oil & Gas

Energy - Renewables

Fashion

FMCG

Insurance

Leisure

Logistics

Luxury Goods

Manufacturing

Media

Mining

Packaging

Pharmaceuticals

Property


Retail



Telecommunications

67%

20%

30%

13%

38%

50%

23%

12%

25%

43%

14%

25%

57%

38%

25%

35%

33%

60%

56%

33%

25%

50%

33%

7%

12%

44%

Expecting to Hire

Expecting to Fire



MIDDLE EAST


Middle East - Key Sectors Continued… Are you currently hiring at managerial/professional level?




80%

80%

0%

20%

100%

100%

17%

17%

62%

54%

23%

31%

United Arab Emirates Key Sectors

50%

60%

10%

0%

48%

58%

9%

9%

67%

89%

22%

22%

100%

100%

33%

33%

33%

44%

44%

22%

52%

44%

24%

28%

100%

100%

0%

0%

29%

44%

4%

2%

53%

54%

3%

4%

46%

69%

31%

31%

AUTOMOTIVE & AEROSPACE BANKING

CONSTRUCTION

& ENGINEERING

ELECTRONICS

ENERGY - OIL & GAS

FMCG

LOGISTICS LEISURE

MEDICAL

MANUFACTURING

TECHNOLOGY - HARDWARE TECHNOLOGY - SOFTWARE

TELECOMMUNICATIONS



AFRICA


Africa - Key Sectors



Accountancy

Agriculture


Banking

Chemicals


Consumer Goods


Education

Electronics

Energy - Oil & Gas

Energy - Renewables

Fashion

FMCG

Insurance

Legal

Leisure

Logistics

Luxury Goods

Manufacturing

Medical

Mining

Packaging

Pharmaceuticals

Property


Retail

Security Services



Telecommunications

Utilities

38%

88%

56%

41%

44%

50%

41%

64%

55%

40%

36%

46%

55%

69%

54%

50%

58%

48%

21%

58%

33%

73%

35%

68%

71%

31%

40%

65%

63%

67%

63%

25%

Accountancy

Agriculture


Banking

Chemicals


Consumer Goods


Education

Electronics

Energy - Oil & Gas

Energy - Renewables

Fashion

FMCG

Insurance

Legal

Leisure

Logistics

Luxury Goods

Manufacturing

Medical

Mining

Packaging

Pharmaceuticals

Property


Retail

Security Services



Telecommunications

13%

38%

23%

47%

28%

32%

59%

36%

41%

20%

22%

38%

64%

16%

46%

38%

50%

28%

36%

29%

33%

15%

20%

12%

29%

15%

20%

13%

14%

6%

26%

Expecting to Hire

Expecting to Fire



AFRICA


Africa Key Sectors Continued… Are you currently hiring at managerial/professional level?




46%

38%

15%

15%

36%

52%

32%

12%

50%

38%

25%

38%

South Africa Key Sectors

36%

18%

18%

18%

63%

68%

11%

16%

31%

69%

62%

38%

13%

38%

25%

38%

29%

43%

29%

14%

43%

38%

22%

19%

67%

56%

33%

33%

54%

63%

25%

8%

33%

33%

0%

0%


CONSTRUCTION


E-COMMERCE &

SOCIAL MEDIA

ELECTRONICS

ENERGY - RENEWABLES

ENERGY - OIL & GAS

FMCG

EDUCATION

LEGAL



AFRICA


Africa Key Sectors Continued… Are you currently hiring at managerial/professional level?




25%

50%

50%

50%

59%

47%

12%

12%

20%

40%

20%

40%

South Africa Key Sectors

51%

57%

27%

28%

33%

33%

50%

50%

59%

81%

22%

8%

20%

30%

0%

0%

67%

73%

5%

5%

74%

65%

13%

13%

68%

62%

14%

12%

63%

67%

15%

3%

36%

54%

18%

7%

LOGISTICS LUXURY GOODS

PHARMACEUTICALS

MINING MEDICAL

PACKAGING

LEISURE

TECHNOLOGY - HARDWARE TELECOMMUNICATIONS TECHNOLOGY - SOFTWARE

MANUFACTURING

SECURITY SERVICES



ASIA PACIFIC


Asia Pacific - Key Sectors



Accountancy

Agriculture


Banking

Chemicals


Consumer Goods


Education

Electronics

Energy - Oil & Gas

Energy - Renewables

Fashion

FMCG

Insurance

Legal

Leisure

Logistics

Luxury Goods

Manufacturing

Media

Medical

Mining

Packaging

Pharmaceuticals

Property


Retail

Security Services



Telecommunications

Utilities

83%

62%

70%

54%

73%

70%

77%

86%

61%

58%

57%

54%

88%

83%

64%

52%

81%

72%

90%

65%

71%

78%

73%

64%

73%

76%

58%

65%

63%

67%

58%

79%

69%

Accountancy

Agriculture


Banking

Chemicals


Consumer Goods


Education

Electronics

Energy - Oil & Gas

Energy - Renewables

Fashion

FMCG

Insurance

Legal

Leisure

Logistics

Luxury Goods

Manufacturing

Media

Medical

Mining

Packaging

Pharmaceuticals

Property


Retail



Telecommunications

Utilities

30%

12%

17%

12%

38%

38%

34%

19%

27%

23%

33%

23%

43%

22%

22%

7%

24%

28%

39%

22%

22%

21%

27%

32%

20%

24%

35%

30%

25%

25%

26%

23%

Expecting to Hire

Expecting to Fire



ASIA PACIFIC


Asia Pacific Key Sectors Continued… Are you currently hiring at managerial/professional level?




91%

92%

33%

34%

68%

65%

18%

12%

68%

71%

13%

15%

ACCOUNTANCY AUTOMOTIVE & AEROSPACE AGRICULTURE

China Key Sectors

60%

61%

12%

11%

76%

75%

36%

38%

77%

74%

14%

39%

CHEMICALS

CONSTRUCTION

& ENGINEERING BANKING

89%

87%

13%

15%

58%

61%

32%

27%

68%

65%

21%

22%

EDUCATION E-COMMERCE &

SOCIAL MEDIA

61%

57%

32%

34%

58%

54%

23%

23%

90%

87%

54%

50%

ENERGY - RENEWABLES

ENERGY - OIL & GAS

ELECTRONICS

86%

84%

23%

25%

68%

65%

23%

20%

52%

52%

5%

7%

INSURANCE FMCG

FASHION

LEGAL



ASIA PACIFIC






85%

83%

24%

23%

72%

72%

18%

31%

91%

91%

43%

41%

LOGISTICS LUXURY GOODS

China Key Sectors

70%

66%

14%

22%

78%

73%

24%

23%

81%

80%

19%

19%

MEDICAL MEDIA

77%

75%

17%

25%

64%

66%

12%

27%

78%

72%

21%

24%

PHARMACEUTICALS PACKAGING

78%

77%

17%

25%

56%

56%

29%

35%

64%

63%

32%

32%


(GOVERNMENTAL)

64%

70%

25%

27%

52%

51%

24%

25%

75%

75%

28%

28%

TELECOMMUNICATION

S TECHNOLOGY - HARDWARE

74%

71%

18%

24%

UTILITIES


PROPERTY

MINING

MANUFACTURING

LEISURE



ASIA PACIFIC






50%

100%

50%

50%

40%

20%

20%

0%

43%

43%

14%

29%

AUTOMOTIVE & AEROSPACE ACCOUNTANCY

India Key Sectors

57%

43%

29%

43%

71%

86%

0%

14%

75%

50%

75%

50%

CONSTRUCTION

& ENGINEERING

CHEMICALS

100%

100%

50%

50%

40%

20%

40%

40%

41%

47%

18%

35%

ENERGY - OIL & GAS

71%

86%

19%

43%

60%

40%

60%

60%

100%

50%

50%

100%

MEDICAL

MANUFACTURING LOGISTICS

55%

74%

23%

52%

PHARMACEUTICAL

S


RETAIL

ENERGY - RENEWABLES

INSURANCE



ASIA PACIFIC






93%

93%

7%

5%

50%

50%

25%

25%

85%

90%

14%

17%

ACCOUNTANCY

Philippines Key Sectors

98%

98%

5%

10%

92%

93%

6%

3%

94%

92%

15%

16%

CHEMICALS

91%

95%

9%

5%

100%

100%

0%

0%

95%

95%

0%

3%

91%

93%

67%

67%

100%

100%

10%

11%

99%

99%

12%

9%

MEDICAL

MANUFACTURING LOGISTICS

92%

92%

10%

10%

96%

96%

3%

3%

92%

100%

8%

12%


PHARMACEUTICAL

S

TELECOMMUNICATIONS RETAIL

INSURANCE

E-COMMERCE &

SOCIAL MEDIA

FASHION FMCG

LUXURY GOODS

PROPERTY



ASIA PACIFIC






14%

14%

11%

8%

40%

60%

20%

40%

33%

52%

38%

38%

ACCOUNTANCY AUTOMOTIVE & AEROSPACE

Singapore Key Sectors

18%

17%

18%

15%

44%

33%

11%

33%

50%

50%

19%

19%

CHEMICALS

CONSTRUCTION

& ENGINEERING BANKING

38%

8%

38%

31%

57%

57%

7%

14%

67%

67%

33%

0%

48%

52%

38%

24%

33%

67%

0%

0%

ENERGY - RENEWABLES

ENERGY - OIL & GAS

FMCG

ELECTRONICS

S

LEISURE

AGRICULTURE



ASIA PACIFIC






45%

55%

36%

27%

44%

44%

19%

26%

43%

43%

43%

29%

Singapore Key Sectors

62%

67%

29%

24%

60%

53%

13%

7%

67%

67%

33%

33%

67%

100%

33%

33%

17%

50%

17%

17%

50%

67%

33%

50%

90%

90%

22%

27%

LOGISTICS MEDIA MANUFACTURING

MEDICAL PHARMACEUTICALS

PUBLIC SECTOR

(GOVERNMENTAL)

PROPERTY


TELECOMMUNICATIONS




THE AMERICAS


The Americas - Key Sectors



Accountancy

Agriculture


Banking

Chemicals


Consumer Goods


Education

Electronics

Energy - Oil & Gas

Energy - Renewables

Fashion

FMCG

Insurance

Legal

Leisure

Logistics

Luxury Goods

Manufacturing

Media

Medical

Mining

Packaging

Pharmaceuticals


Retail



Telecommunications

Utilities

25%

50%

63%

50%

50%

56%

27%

33%

50%

38%

52%

33%

50%

56%

50%

25%

82%

56%

29%

43%

50%

55%

53%

57%

73%

25%

75%

33%

47%

67%

43%

Accountancy

Agriculture


Banking

Chemicals


Consumer Goods

Education

Electronics

Energy - Oil & Gas

Energy - Renewables

Fashion

FMCG

Leisure

Logistics

Luxury Goods

Manufacturing

Media

Medical

Mining

Packaging

Pharmaceuticals


Retail



Telecommunications

Utilities

25%

10%

33%

50%

32%

44%

33%

25%

38%

31%

38%

50%

44%

18%

33%

29%

28%

50%

45%

40%

71%

60%

50%

25%

11%

33%

33%

14%

Expecting to Hire

Expecting to Fire




Disciplines and Functions

Western Europe Do you expect to hire at managerial/professional level over the coming quarter?

Accounting, Tax, Treasury

Administration

Banking

Board, "C-Level"

Construction

Creative, Design

Engineering, Production

Human Resources

IT Technical, IT support

Legal

Operations, Logistics, Procurement

Other

R&D, Scientific

Sales & Marketing

7%

3%

1%

2%

1%

1%

6%

3%

9%

1%

4%

3%

4%

18%

Disciplines and Functions – Expecting to Hire





Eastern Europe & Eurasia Do you expect to hire at managerial/professional level over the coming quarter?


Administration

Banking

Board, "C-Level"

Construction

Creative, Design


Human Resources


Legal


R&D, Scientific

Sales & Marketing

9%

4%

3%

5%

2%

2%

14%

4%

15%

3%

10%

4%

26%






Middle East Do you expect to hire at managerial/professional level over the coming quarter?


Administration

Banking

Board, "C-Level"

Construction

Creative, Design


Human Resources


Legal


R&D, Scientific

Sales & Marketing

7%

7%

3%

3%

3%

4%

16%

5%

19%

4%

10%

4%

39%






Africa Do you expect to hire at managerial/professional level over the coming quarter?


Administration

Banking

Board, "C-Level"

Construction

Creative, Design


Human Resources


Legal


R&D, Scientific

Sales & Marketing

14%

7%

2%

5%

3%

3%

17%

10%

12%

5%

12%

10%

24%






Asia Pacific Do you expect to hire at managerial/professional level over the coming quarter?


Administration

Banking

Board, "C-Level"

Construction

Creative, Design


Human Resources


Legal


R&D, Scientific

Sales & Marketing

11%

8%

4%

2%

4%

6%

14%

11%

7%

4%

15%

10%

37%






The Americas Do you expect to hire at managerial/professional level over the coming quarter?


Administration

Banking

Board, "C-Level"

Construction

Creative, Design


Human Resources


Legal


R&D, Scientific

Sales & Marketing

11%

9%

2%

6%

5%

5%

20%

9%

15%

3%

12%

11%

28%


Antal Global Snapshot | Edition 11 - April 2012 Page 55 www.snapshot.antal.com

THE ‘ANTAL GLOBAL SNAPSHOT’ THE CURRENT PICTURE - Q1 2012

Winners and Losers - Regions

As in the last edition published in December, the Snapshot

once again shows just how much divergence there is in

economic and employment fortunes around the world. The

Philippines, for example, is registering a hugely impressive

97% of businesses recruiting managers and professionals,

while Spain, at the other end of the spectrum has just 29% of

respondents currently hiring. Although some of the more

established economies are now registering improving levels

activity, the busiest employment markets continue to be

those in the developing economies of the Asia Pacific region.

Winners and Losers - Sectors

Across the globe the sectors with the highest current levels

of recruitment at professional and managerial level were:

1. Shared Services

2. Luxury Goods

3. Fashion

4. Leisure

5. Accountancy

The lowest was the agricultural products sector with only

24% of organisations questioned currently hiring.

Global Snapshot - The Worldwide Picture

Are you currently hiring at managerial / professional level? - 55%

Are you currently letting people go at managerial / professional level? - 20%




THE OUTLOOK - Q2 2012

Winners and losers

As in the last report in December, it seems that the most

hiring activity over the coming quarter will take place in

emerging markets and particularly in those of the Asia

Pacific region with China, Vietnam and the Philippines all

scoring highly.

Sector focus looks likely to remain constant over the coming

months. Luxury Goods, Fashion, Shared Services and

Accountancy all look set to remain busy while the

Agricultural sector will continue to languish at the bottom of

the activity table.

Global Snapshot - The Worldwide Picture

Do you expect to hire at managerial / professional level

over the coming quarter? - 54%

Do you expect to let people go at managerial / professional

level over the coming quarter? - 20%




CONCLUSION A hint of stability?

Let’s start with the bad news. Overall hiring across the more than 17,000 organisations taking part in this edition of Global Snapshot is down since out last survey in December. The good news however, is that it is only down by 1%. And it seems that this level of activity will remain more or less constant over the coming quarter.

So let us stick our corporate neck out and say that it appears a degree of stability has finally returned to the global employment market for managers and professionals.

It will perhaps come as little surprise to hear that the overall global figure masks substantial variance in the fortunes of individual countries. Several of the Eurozone countries are still languishing in the doldrums. In Spain, for example, less than a third of businesses are recruiting, although, much against expectations, in Greece over 40% of companies are hiring at professional level (although even more seem to be in the process of getting rid of people). And the most significant activity is still taking place in the fast growing economies of the developing world. In China, for example, more than 70% of businesses are currently seeking new staff, while in the Philippines the figure is in excess of 90%.

Surveys like the Antal Global Snapshot are valuable indicators of the levels of optimism or pessimism within businesses in key markets around the world. However they need to be read in context, a context that we build up using feedback from our consultants and managers in over 30 countries on five continents. And what they tell us is that, whether an employment market is active or not, competition for the best talent at the professional and managerial level is consistently fierce. Why? Because the skills that companies need in conjunction with specific technical capabilities – such as effective people management and development, concise and clear oral and written communication, commercial awareness, entrepreneurship and innovation – are always in short supply. And in a world where businesses are having to change and adapt faster than at any other time in history to tackle both opportunities and challenges that situation is not likely to improve. In fact it’s more likely to decline. As the last annual survey of multi-national CEOs conducted by PwC neatly pointed out, it’s not just a question of being short of talent, it’s being short of the right talent. Regardless of whether you’re in Bangalore, Beijing, Birmingham or Boston our old friend the ‘war for talent’ may turn out to be a struggle that simply has no end.

Antal International would like to thank all respondents for their participation in this edition of the Antal Global Snapshot. As a result €9000 was donated to the Antal Charitable Foundation, our charity which supports Chance UK, Duke of Edinburgh's Award and Smiling Children amongst other charities. For more details please visit the website at www.antalcharitablefoundation.com

Contact If you would like any further information about material included in this report or would like to reserve a copy of the next ‘Antal Global Snapshot’, contact Natasha Lane at [email protected] or your local Antal office - see www.antal.com for more details. Natasha Lane Antal International 64 Baker Street London, W1U 7GB Tel: +44 (0)207 467 2520 Fax: +44 (0)207 467 2521 Email: [email protected]

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

www.antalcharitablefoundation.com

http://www.antalcharitablefoundation.com/

http://www.antal.com/

http://www.antal.com/

http://www.snapshot.antal.com/

http://www.antalventures.com/

http://www.antalcharitablefoundation.com/

Global H

eat Map

Antal G

lobal Snapshot | Edition 11 – A

pril 2012 w

ww

.snap

sho

t.antal.co

m

TH

E ‘AN

TAL G

LOB

AL S

NA

PSHO

T’

TH

E ‘AN

TAL G

LOB

AL S

NA

PSHO

T’

Documents

Antal Global Snapshot - Edition 11