antal global snapshot - edition 12

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

Edition 12 - July/August 2012snapshot.antal.com

www.snapshot.antal.com Antal Global Snapshot | Edition 12 - July/August 2012

THE ‘ANTAL GLOBAL SNAPSHOT’ Contents

Introduction

Introduction - Page 1

The Local Picture Western Europe Austria, Belgium, Denmark, Finland & France - Germany, Greece, Iceland, Ireland & Italy - Page 3 Luxembourg, Malta, Netherlands, Norway & Portugal - Page 4 Spain, Sweden, Switzerland & UK - Page 5 CEE & Eurasia Bulgaria, Croatia, Czech Republic, Hungary & Israel - Page 6 Poland, Romania, Russia & Turkey - Page 7 Middle East & Africa Egypt, Qatar, Saudi Arabia, South Africa & UAE - Page 8 Asia Pacific Australia, China, India & Japan - Page 9 Malaysia, New Zealand, Pakistan & Philippines - Page 10 Singapore, South Korea & Taiwan - Page 11 The Americas Argentina, Brazil & Canada - Page 12 Chile, Mexico & USA - Page 13

Key Sectors Most Active Hiring Sectors - Page 14 Western Europe Germany - Pages 15 & 16 Italy - Pages 17 & 18 Netherlands - Page 19 Spain - Pages 20 & 21 UK - Pages 22 & 23 CEE & Eurasia Bulgaria – Page 24 Hungary – Page 25 Poland - Pages 26 & 27 Romania - Page 28 Middle East & Africa UAE - Page 29 South Africa - Pages 30 & 31 Asia Pacific China - Pages 32 & 33 India - Pages 34 & 35 Philippines - Page 36 Singapore - Page 37

Disciplines and Functions

Expecting to HIRE in Q3 - Page 38 Expecting to FIRE in Q3 - Page 39

Conclusions

Winners & Losers by Regions, Countries & Sectors - Pages 40, 41 & 42 The Conclusion - Page 43

www.snapshot.antal.com Antal Global Snapshot | Edition 12 - July/August 2012 Page 1

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 twelfth report in the series is based upon material sourced from more than 20,000 businesses in commerce, industry and the financial services sector in 50 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 20546 companies, professional partnerships and financial institutions across 50 countries in June and July 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 12 - July/August 2012 Page 2

www.snapshot.antal.com

THE ‘ANTAL GLOBAL SNAPSHOT’ The local picture from 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

54% 46% 27% 24%

The Austrian job market has experienced a good quarter over the last three months. The percentage of companies currently taking on new staff at a managerial / professional level is up from 43% to 49%, despite predictions in March’s Snapshot that these would drop to 40%. The number of businesses shedding staff has also fallen from 35% to 26%; a notably larger drop than the 1% expected. This figure is set to remain stable over the coming three months with predicted Austrian firing rates standing at 25%.

49% 44% 26% 25%

61% 49% 56% 51%

After something of a lull in employment rates last quarter, the percentage of companies hiring new managerial / professional staff has returned to a respectable 61% this July. This is against the predictions made in last quarter’s Snapshot that hiring levels would drop to just 45%. The number of businesses in Finland letting staff go has also risen to a high of 56% in this edition of Snapshot. The next few months are expected to bring better news though, with firing rates in Finland starting to decrease again to 51%.

75% 74% 69% 52%

Finland

Recruitment levels in Belgium have recovered well this quarter, with 54% of companies hiring new employees in the lead up to this July’s Snapshot. Hiring rates are expected to return to 46% over the next few months but whether this occurs in reality is yet to be seen. On the other side of the Belgium job market, firing levels are also down slightly this quarter and are expected to continue falling to 24% in the near future, indicating a higher level of stability for those already employed by Belgium companies.

The employment market in Denmark has experienced a significant boom in hiring rates over the last three months. The percentage of businesses taking on new staff has leapt from 51% to an impressive 75% this July; with 74% of companies intending to hire over the coming quarter. The number of businesses in Denmark letting staff go recently has also jumped considerably from 35% to 69%; although this is most likely a result of the recent recruitment boom. Firing rates are expected to fall quite dramatically over the coming few months, however, to just above 50%.

France

52% 53%

31% 32%

As with a number of its European neighbours, hiring rates in France have recovered well over the last three months. 52% of French businesses are currently recruiting new staff at a managerial / professional level and 53% are looking to do so over the coming months. As predicted, the number of French companies shedding staff has remained more or less stable in this July’s Snapshot and the next three months should bring more of the same.





Germany

Greece

Iceland

33% 47% 44%

53%

The percentage of German companies hiring new employees has fallen slightly this quarter, though to a lesser degree than expected. Recruitment rates currently stand at 27% as opposed to the 22% predicted in March’s Snapshot. In a similar trend, firing rates have also dropped slightly over the last few months to just 5%, giving Germany the lowest job cut figures in comparison to any other country surveyed around the world.

27% 18%

5% 5%

63% 63%

35% 33%

Ireland’s hiring rates have recovered significantly over the last three months from 43% to a respectable 63%. The percentage of companies currently letting staff go has also stayed steady for this July’s Snapshot, showing the Irish employment market is rightsizing. The outlook is predicted to remain positive for the coming quarter, with recruitment levels and job cut rates staying more or less the same, signifying a good level of stability in the Irish job market.

94% 90%

13% 32%

Ireland

In line with the country’s current economic uncertainty, hiring levels in Greece have fallen somewhat over the last three months to 33%. This situation is expected to improve quite significantly over the coming quarter however, with nearly half of Greek businesses looking to recruit at a managerial level in the near future. The degree of job cuts in Greece has remained higher than the 38% seen at close of last year. This current figure of 44% is not the highest in the region though, with some firing rates reaching the fifties.

Iceland currently boasts the highest recruitment levels of anywhere in the world, with an impressive 94% of businesses in this country taking on new staff. The next few months are expected to see Iceland retain this title with the number of companies looking to hire during this period set at 90%. On the other side of the job market, the percentage of businesses in Iceland cutting job numbers in this July’s Snapshot is notably lower than many of its neighbouring countries. At present, firing levels stand at just 13%; though this figure is expected to increase as the year comes to a close.

Italy

43% 43%

20% 20%

The percentage of Italian companies hiring at a managerial level has remained steady this quarter, rising 1% to 43%. Job losses have also risen during this time by a greater margin than expected. The number of companies in Italy shedding staff at this time stands at 20%, up from a low of 11%. In comparison with the rest of Western Europe however, Italy’s firing rates are markedly lower than many of its neighbouring countries and only 2% above the global average calculated for the current Snapshot.





Luxembourg

Malta

Netherlands

56% 44%

56% 56%

Rates of recruitment and job loss in Luxembourg have both increased by a modest 7% over the last few months. The percentage of companies in this country taking on new staff has risen from 50% to 57% for this July’s Snapshot, while firing levels currently stand at 30%. Hiring rates for Luxembourg are predicted to fall below the 50% mark over the following quarter. Whether this happens in reality, however, is yet to be seen.

57% 43%

30% 37%

60% 56% 51% 44%

As July’s figures show, the Norwegian employment market is experiencing significant activity at the moment. Hiring rates in Norway have increased from 48% to a respectable 60%, indicating more companies are taking on new staff at a managerial or professional level. In parallel with this however, the percentage of Norwegian businesses letting staff go has also risen quite dramatically from 29% to 51%, signalling a high level of turnover in the Norwegian job market at this time. Nevertheless, things are set to get better over the coming quarter with Norwegian firing rates taking a downturn to 44%.

55% 49%

24% 24%

Norway

Hiring rates have been better than expected in Malta this quarter. Despite predictions in March’s Snapshot that recruitment levels would fall to 42%, the percentage of companies employing new staff has risen to 56%. Again, this figure is expected to drop below 50% over the coming few months. In terms of job cuts, Maltese firing levels currently stand at 56%; considerably higher than the 27% seen at the close of 2011. No further increases are expected over the next three months however, indicating the Maltese job market may be beginning to rightsize.

Mirroring the picture in many of its Western European neighbours, the Dutch job market has grown substantially this quarter, with employment rates rising 15% over the last three months. The percentage of companies currently taking on new staff at a managerial / professional level now stands at 55%; the highest it has been in over a year. On the other side of the employment market, Dutch job loss rates have remained relatively low at 24%. Over the next few months, the number of businesses intending to recruit is expected to fall by 6%, but firing rates should remain stable at

Portugal

37% 31% 35% 32%

As predicted, the level of recruitment in Portugal has risen slightly over the last three months, with current hiring rates standing at 37%. Those already employed in the Portuguese job market have not experienced the predicted rise in job loss rates, however, with these figures actually falling by 1% to 35%. This downward trend is expected to continue for the near future with Portuguese firing activity decreasing once more to 32%.





Spain

Sweden

Switzerland

58% 56% 38% 32%

After a slight dip, Spanish hiring rates for July’s Snapshot are closer to those seen this time last year. The percentage of companies currently recruiting at a managerial and professional level has risen from 29% to 34%, inferring a certain degree of growth within the Spanish employment market. The level of Spanish job cuts has remained steady this quarter at 25% and is expected to remain in the mid-twenties for the near future.

34% 30% 25% 26%

58% 48%

20% 22%

The percentage of Swedish companies taking on new managers and professionals has risen more than predicted this quarter, from 46% to 58%. Job losses have also increased over the last three months, but to a lesser extent than employment rates, indicating growth in the Swedish job market. The number of companies looking to hire over the coming quarter is set to fall modestly by 2%, but job cuts have also been predicted to downsize by 6%.

Things are looking positive for the Swiss employment market this quarter. Hiring rates have risen significantly from 31% to 58%, while job loss figures have only increased by 8% to a modest 20%. The percentage of Swiss companies looking to recruit over the next three months is expected to fall below 50%, according to this July’s predictions. Firing rates, however, should remain more stable, varying just 2% to 22%.

United Kingdom

49% 48% 31% 27%

Despite ongoing uncertainty surrounding the Euro, The United Kingdom’s job market has remained relatively stable over the last three months. The number of companies hiring new staff at the managerial / professional level has improved by 4% to 49% and is set to remain around this figure for the coming quarter. Equally, the percentage of companies reducing employee numbers in the UK has gone up 3% in this July’s Snapshot, but is predicted to drop again by 4% to 27% in the next three months.



THE ‘ANTAL GLOBAL SNAPSHOT’ The local picture from CEE & Eurasia.


Bulgaria

Croatia

Czech Republic

53% 63%

39% 41%

Once again, there is positive news for those seeking managerial / professional positions in Bulgaria this July. The percentage of companies taking on new employees has remained above 60%, varying just 1% to 63%. This figure is predicted to fall over the coming months to 50%, but whether this actually occurs is yet to be seen. Bulgarian job loss rates have also improved quite notably for this July’s Snapshot, falling 14% to 23%. The number of businesses looking to shed staff numbers over the coming quarter should remain steady, indicating a good degree of stability within the Bulgarian employment market at this time.

63% 50%

23% 23%

24% 36%

25% 25%

The last three months have seen a dip in hiring rates for the Hungarian job market. The number of companies taking on new staff at a managerial / professional level currently stands at just 24%, 14% down from March’s figures. The situation should improve over the coming quarter though, with recruitment rates once again rising above 30% to 36%. On the other hand, job loss rates have remained substantially more stable over the last few months and are set stay at 25% for the near future.

55% 57% 37% 39%

Hungary

At 53%, employment figures have continued to improve in Croatia this quarter. Hiring rates are up a respectable 15%, compared to the close of 2011 and 10% higher than those seen in March’s Snapshot. This trend is set to continue for the foreseeable future, rising another 10% over the next few months and indicating significant growth in the Croatian job market. Understandably, job cuts have also risen in line with the increase in recruitment, inferring quite a high level of turnover in Croatia at the present time.

Despite a predicted fall, the percentage of companies in the Czech Republic taking on new staff has risen this quarter from 47% to 55%. Firing rates have also taken somewhat of an unexpected turn, increasing from 28% to a high of 37%. The following quarter should bring a greater level of stability for those working or seeking employment in the Czech Republic however, with hiring and firing rates varying just 2%.

Israel

80% 72% 69% 74% There has been a significant boom in employment rates for Israel over the last three months, with hiring rates jumping an impressive 30% in three months. At 80%, Israel boasts one of the highest levels of recruitment of any country in this month’s report and should continue to do so for the coming quarter. In terms of job cuts, the percentage of companies in Israel currently shedding staff numbers is also up considerably from March’s figures, indicating a high degree of turnover in the Israeli job market at the present time.



THE ‘ANTAL GLOBAL SNAPSHOT’ The local picture from CEE & Eurasia.


Poland

Romania

Russia

53% 51%

26% 28%

Poland’s employment market has again defied expectations that recruitment levels would drop, with hiring figures remaining at 58%. Job loss rates have also remained notably stable in this quarter’s report. The number of Polish businesses cutting managerial staff has risen just 2% to 18% over the last few months, placing Poland’s job cut rates in line with the global average. The coming quarter should bring more stability for those employed in the Polish job market, with firing levels varying just 1% to 17%.

58% 53%

18% 17%

68% 67%

37% 30%

The level of hiring at a managerial and professional level in Romania has risen again this quarter, having fallen to 49% in March’s Snapshot. Over the coming quarter, recruitment rates should remain above the 50% mark, varying just 2% to 51%. On the other side of the Romanian job market, job losses have remained remarkably stable for the past six months. The percentage of businesses planning on shedding employees over the coming quarter is set to remain equally steady, with firing rates predicted to be 28%.

Like many of the surrounding countries, the Russian job market has seen an increase in hiring rates over the last three months. At 68%, Russia’s recruitment level this quarter better reflects that seen at the end of 2011 although this is expected to fall marginally to 67% during the following quarter. The number of Russian companies cutting staff has stayed more or less the same for this quarter’s report, indicating a good level of job stability for those employed in Russia.

Turkey

55% 57% 43% 43%

Recruitment rates in Turkey have recovered quite notably this quarter, having fallen to just 41% in March’s Snapshot. This trend is predicted to continue for the near future, with hiring levels rising slightly to 57%. The level of Turkish job cuts has also increased over the last few months from 31% to 43%. This increase is less than the rise in employment however, indicating a modest growth in the Turkish employment market for July’s Snapshot.



THE ‘ANTAL GLOBAL SNAPSHOT’ The local picture from The Middle East & Africa.


Egypt

Qatar

Saudi Arabia

76% 78%

37% 35%

The Egyptian market is experiencing a high degree of unrest this quarter; most likely as a result of the ongoing political uncertainty within the country. Hiring rates have fallen from 55% to just 28% over the last three months, while the number of Egyptian businesses cutting managerial jobs has rocketed to 75%. The next few months should see this situation rectify itself quite significantly however, with employment rates rising once more to 61% and firing rates dropping to 31%.

28%

61% 75%

31%

50% 57%

18% 12%

Despite expectations that July’s Snapshot would see an increase in recruitment rates for South Africa, the percentage of companies hiring at a managerial or professional level has declined modestly this quarter to 50%. On the other hand, job cuts for this country continue to remain relatively low, with firing rates currently standing at 18% in line with the global average. Over the coming quarter this figure is predicted to fall to a low of just 12%, indicating significant job stability for those already employed in South Africa for the near future.

73% 67%

33% 33%

South Africa

The percentage of companies in Qatar taking on new staff has remained at an impressive 76% this quarter, offering further evidence for Qatar’s “2030 Vision.” This once again gives Qatar the highest employment rates for the Middle East and one of the highest rates of any of the countries surveyed for this quarter’s report. In terms of job cuts, Qatar’s figures have continued to increase this quarter from 22% to 37%. The following few months should bring better news however, with firing levels beginning to decrease once more to 35%.

After falling quite significantly last quarter, recruitment activity in Saudi Arabia has experienced a notable recruitment boom over the last three months. The percentage of companies currently employing staff at a managerial / professional level has climbed from a modest 57% in March’s Snapshot to an impressive 73%. Along the same lines, job cut rates in Saudi Arabia have continued to climb for this quarter’s report, but are expected to level out at 33% during the following quarter.

United Arab Emirates

54% 56%

34% 33%

As predicted in March’s Snapshot, the percentage of companies in the United Arab Emirates hiring new staff has increased this quarter to 54%. This figure should rise a further 2% in the coming months. In a similar fashion to its neighbouring countries in the region, the level of job cuts has also increased in the United Arab Emirates over the last three months. At 34%, firing rates are up 20% from March’s total, indicating quite considerable turnover in this country’s employment market at the present time.



THE ‘ANTAL GLOBAL SNAPSHOT’ The local picture from Asia Pacific.


Australia

China

India

72% 72%

22% 21%

July has brought relatively good news for the Australian job market, with the country’s hiring rates increasing and firing rates remaining level. At 64%, the level of recruitment in Australia is 10% greater than the figure predicted in March’s Snapshot and is set to increase a further 6% over the coming months. The percentage of companies letting staff go at a managerial level is relatively high at 42% but has remained stable during the recruitment boom, indicating a noteworthy growth in the Australian job market this quarter.

64% 70%

42% 46%

55% 56%

23% 19%

Hiring rates in China have remained remarkably stable over the last three months, currently standing at 72%. There is good evidence for China’s BRIC status for the coming quarter as well, with recruitment rates predicted to stay at this impressive level for the foreseeable future. On the other side of the job market, the number of Chinese businesses shedding managerial posts has decreased to 22%, giving China just slightly higher firing figures than the global average.

The Indian job market has remained stable this quarter with both hiring and firing rates staying more or less the same during the last three months. 55% of Indian companies are recruiting new staff at the moment, while 56% are looking to do so in the near future. Instead of rising to 38% for July, as predicted in March’s Snapshot, the percentage of Indian businesses shedding managers has fallen 1% to 23%, indicating a stable job market for now.

Japan

62% 65%

33% 33%

The level of recruitment in Japan has grown to a greater extent than expected this quarter, with the number of companies hiring new staff rising from 56% to 62%. Job loss rates in Japan have also failed to follow the predictions made in March’s Snapshot as the level of job cuts has not increased as expected, but instead decreased to 33%. The coming months are set to bring further growth within the Japanese job market, with hiring rates rising to 65% and firing rates remaining at 33%.





Malaysia

New Zealand

Pakistan

67% 63% 63% 67%

In a similar trend to a number of countries in the region, Malaysia’s recruitment rates have risen this quarter. Instead of falling to 42% as predicted, the percentage of companies taking on staff at a managerial and professional level has increased to 51%. A parallel reduction in the level of job losses has also been witnessed over the last three months and things are set to continue in this manner for the next quarter. It therefore seems the Malaysian employment market should continue to stabilise as the year progresses.

51% 58%

26% 23%

75% 58%

42% 38%

This quarter’s Snapshot indicates New Zealand’s employment market has been particularly active over the last three months. The good news is that recruitment rates have risen during this period to a respectable 67% and are expected to remain above 60% for the coming quarter. On the downside, the percentage of companies reducing staff numbers, or looking to do so has increased substantially according to this quarter’s report, inferring a high degree of turnover in New Zealand at present and for the immediate future.

At present, Pakistan boasts one of the highest recruitment rates in the world, with the number of businesses hiring at a managerial level recorded at 75% in this July’s Snapshot. This is set to fall over the next three months but remain above the halfway mark at 58%. In terms of job cuts, a figure of 42% indicates quite a high level of turnover in the job market at this time. Hopefully, the next few months should see this number starting to fall however, with firing levels diminishing slightly to 38%.

Philippines

51% 58% 42% 38%

After a prolonged stint as the leading job market in the world, employment in the Philippines has taken quite a hit this quarter. Recruitment rates have dropped from a remarkable 97% to 51%, while the percentage of businesses shedding staff numbers has risen from just 5% to 42%. This is against March’s expectations but should begin to improve during the coming quarter, with hiring levels increasing and firing rates decreasing to 58% and 38% respectively.





Singapore

South Korea

Taiwan

53% 51%

28% 28%

At 45%, Singapore is witnessing the highest hiring rates it has seen in over a year. Over the next three months a record 49% of companies will be looking to take on new staff, showing ongoing growth in the Singaporean job market. Things are also looking positive in terms of job cuts for those working within this country. At present, a modest 18% of businesses in Singapore have been cutting staff at a managerial level, in line with the global average in this quarter’s report.

45% 49%

18% 18%

70% 72%

26% 28%

The percentage of companies in South Korea hiring new managerial staff, or looking to do so over the next three months has remained above 50% in this July’s Snapshot. At present, 53% of businesses are undergoing recruitment with 51% planning to in the near future. On the other side of the job market, the level of job losses has increased in South Korea, as expected, to 28%. This figure should remain more stable in the coming quarter though, indicating more job stability for those employed within the South Korean employment market.

Hiring levels in Taiwan are among one of the highest for the region this quarter, with 70% of companies currently recruiting new staff. Equally favourably, firing rates for this country have taken an unexpected downturn over the last three months from 34% to a relatively modest 26%. As we enter the next quarter, Taiwan’s employment market is set to stay more or less steady for the time being as both hiring and firing rates for this country should vary by only 2% over the coming months.



THE ‘ANTAL GLOBAL SNAPSHOT’ The local picture from The Americas.


Argentina

Brazil

Canada

62% 55% 34% 35%

Following a dip in hiring activity last quarter, recruitment rates for Argentina have risen again to 59%. At the same time, the recent months have brought an increase in stability within the Argentinean employment market. Though remaining comparatively higher than many of the other American countries, job cuts in Argentina have stayed stable over the last quarter, varying just 1% to 44%.

59% 44% 44% 44%

73% 82%

31% 32%

There is good news for those seeking managerial or professional positions in Brazil this quarter, with recruitment levels rising 20% to a respectable 62%. This figure is expected to fall slightly in the coming months but remain above the halfway mark. On the other side of the Brazilian employment market, the percentage of companies cutting staff, or looking to do so in the near future remains relatively high, but steady, in this quarter’s Snapshot, signifying greater stability in the Brazilian job market.

As with many of the countries in the Americas, Canada’s hiring rates have increased quite significantly in the last three months. At 73%, Canada currently holds one of the highest levels of recruitment for both the region and the rest of the world. Over the coming quarter this figure is expected to reach even higher levels, with an impressive 82% of Canadian businesses taking on new staff. The rate of job loss for Canada has also diminished from 37% to 31% in the lead up to July, despite March’s predictions that greater levels of firing would be seen in this time. This should remain stable in the months that follow, varying just 1% to 32%.



THE ‘ANTAL GLOBAL SNAPSHOT’ The local picture from The Americas.


Chile

Mexico

United States of America

74% 72%

31% 30%

As predicted, the number of companies taking on new managers has risen in Chile this quarter. Following a brief dip in employment back in March, hiring levels for Chile now stand at 55%. In terms of job cuts, the current Snapshot indicates a drop in the percentage of businesses shedding staff in the last three months from 39% to 33%. This welcome decline is expected to continue as the year progresses, with firing rates falling again to 30%.

55% 47% 33% 30%

66% 66%

31% 28%

The last three months have seen a remarkable boom in recruitment activity in Mexico, with employment figures leaping an impressive 38%. At 74%, Mexico now boasts the highest levels of recruitment of all the Americas. During this time, the percentage of Mexican businesses cutting managerial positions has also held steady, indicating substantial growth in the Mexican job market. The good news is predicted to continue for the following quarter with both hiring rates and firing numbers remaining stable at 72% and 30% respectively.

At 66%, the United States of America’s hiring rates recovered substantially for this quarter’s Snapshot. Recruitment levels have risen from just 48% to 66% over the last three months and are set to stay at this level for the near future. At the same time, the most recent quarter has seen the rate of job losses fall very slightly to 31%. A further decline in job loss to 28% should follow during the next quarter, giving the United States of America the lowest level of job cuts across the Americas.



THE ‘ANTAL GLOBAL SNAPSHOT’ Most active hiring sectors over the coming quarter

Media

Technology - Hardware

Technology - Software

SSC/BPO

Retail

E-Commerce & Social Media

Telecommunications

60%

56%

51%

50%

49%

48%

46%

Western Europe


SSC/BPO

Fashion


Security Services

Media

82%

79%

67%

64%

64%

63%

Property

Automotive & Aerospace

FMCG

Logistics

Manufacturing

Banking

88%

81%

80%

80%

70%

67%

CEE & Eurasia

Middle East

Construction & Engineering

Security Services

Retail

Telecommunications


Banking

FMCG

Property

79%

72%

71%

70%

70%

67%

67%

67%

Africa

SSC/BPO

Fashion

Medical

Luxury Goods

FMCG

Chemicals

83%

82%

80%

80%

78%

73%

APAC

Legal

Pharmaceuticals

Electronics

Construction & Engineering


Energy - Oil & Gas

Property

98%

84%

83%

80%

78%

75%

75%

Americas



THE ‘ANTAL GLOBAL SNAPSHOT’ Detailed examination of the Western Europe Key Sectors


40% 40%

37% 20%

79% 29%

14% 14%

37% 28%

5% 6%

ACCOUNTANCY AUTOMOTIVE & AEROSPACE

AGRICULTURE

GERMANY

50% 30%

50% 30%

27% 15%

6% 6%

36% 25%

10% 14%

BANKING CONSTRUCTION & ENGINEERING

CHEMICALS

48% 7%

4% 3%

75% 50%

25% 25%

46% 32%

11% 8%

CONSUMER GOODS ELECTRONICS

E-COMMERCE & SOCIAL MEDIA

56% 22%

33% 28%

47% 40%

7% 20%

22% 21%

3% 4%

ENERGY - OIL & GAS

FMCG

ENERGY - RENEWABLES

49% 19%

2% 2%

71% 51%

8% 7%

LEISURE LOGISTICS





44% 15%

5% 2%

88% 50%

38% 13%

60% 70%

30% 30%

LUXURY GOODS MEDIA

MANUFACTURING

GERMANY

39% 35%

21% 22%

50% 38%

8% 13%

28% 24%

4% 2%

MEDICAL PHARMACEUTICALS

PACKAGING

100% 80%

0% 0%

57% 29% 29% 29%

17% 8% 8%

0%

PROPERTY

SECURITY SERVICES

RETAIL

55% 60%

25% 20%

53% 53%

9% 8%

60% 20%

80% 60%

TECHNOLOGY - HARDWARE

TELECOMMUNICATIONS

TECHNOLOGY - SOFTWARE

60% 60%

20% 20%

UTILITIES





64% 64%

45% 36%

41% 43%

18% 11%


ITALY

35% 36%

17% 15%

42% 40%

25% 25%

22% 33%

22% 28%

BANKING

CONSTRUCTION & ENGINEERING

CHEMICALS

46% 46%

14% 16%

82% 64%

36% 18%

57% 43%

29% 43%

CONSUMER GOODS

EDUCATION


52% 57%

13% 13%

38% 50%

15% 27%

26% 26%

35% 48%

ELECTRONICS

ENERGY - RENEWABLES

ENERGY - OIL & GAS

28% 25%

16% 19%

39% 33%

11% 12%

FASHION

INSURANCE

47% 44%

20% 15%

FMCG





52% 43%

19% 17%

53% 41%

6% 18%

55% 45%

6% 3%

LEISURE LUXURY GOODS

LOGISTICS

ITALY

38% 42%

33% 33%

47% 60%

40% 47%

39% 31%

19% 14%

MANUFACTURING MEDICAL

MEDIA

46% 32%

17% 19%

25% 38%

50% 50%

PROPERTY

PHARMACEUTICALS

49% 55%

11% 13%

57% 71%

29% 43%

48% 57%

19% 17%

RETAIL



56% 50%

56% 61%

33% 17%

33% 17%

TELECOMMUNICATIONS

UTILITIES





30% 20%

40% 40%

71% 57%

43% 57%

29% 14%

0% 0%

ACCOUNTANCY BANKING

AUTOMOTIVE & AEROSPACE

NETHERLANDS

39% 28%

17% 17%

56% 44%

56% 44%

70% 70%

20% 20%

CHEMICALS E-COMMERCE & SOCIAL MEDIA


50% 67%

33% 33%

29% 43%

14% 14%

ELECTRONICS

ENERGY - OIL & GAS

67% 44%

56% 33%

50% 25% 25%

0%

FMCG

INSURANCE

83% 67%

17% 17%

53% 47%

18% 29%

LOGISTICS

LEISURE

43% 36%

21% 29%

67% 60%

40% 27%

MANUFACTURING

MEDICAL

46% 62%

31% 46%


58% 57%

16% 17%


25% 0%

50% 75%

TELECOMMUNICATIONS





17% 50%

17% 33%

33% 28%

11% 15%


AGRICULTURE

SPAIN

29% 29%

18% 18%

31% 29% 29%

27%

25% 22%

42% 42%

BANKING


CHEMICALS

47% 35%

47% 41%

28% 28%

44% 28%

CONSUMER GOODS


22% 22%

12% 18%

5% 16%

32% 32%

17% 26% 26%

40%

ELECTRONICS

ENERGY - RENEWABLES

ENERGY - OIL & GAS

18% 9%

18% 9%

28% 23%

38% 33%

16% 8% 11% 11%

FASHION

LEGAL

FMCG

33% 28%

33% 39%

LEISURE

31% 29%

10% 10%

LOGISTICS





100% 67%

33% 33%

37% 29%

20% 18%

MANUFACTURING

LUXURY GOODS

SPAIN

36% 27%

32% 9%

50% 37%

17% 20%

50% 25% 25%

0%

MEDIA

MINING

MEDICAL

30% 20%

30% 20%

50% 50%

18% 18%

29% 14% 14% 14%

PACKAGING

PROPERTY

PHARMACEUTICALS

57% 43%

39% 43%

33% 45%

33% 38%

43% 38%

25% 33%

RETAIL



30% 22%

48% 43%

36% 45%

9% 9%

35% 33%

11% 11%

TELECOMMUNICATIONS

VETERINARY

UTILITIES





29% 43% 43%

29%

43% 36%

21% 14%

50% 63%

50% 25%

ACCOUNTANCY BANKING


UNITED KINGDOM

50% 50%

23% 22%

36% 36%

29% 29%

63% 50%

13% 13%



50% 50%

35% 33%

47% 42%

37% 37%

69% 54%

38% 31%

ENERGY - OIL & GAS

LEISURE

FMCG

75% 50% 50%

0%

42% 50%

31% 31%

LUXURY GOODS

MANUFACTURING





36% 27% 27%

18%

73% 55%

27% 18%

75% 50%

15% 25%

MEDIA PACKAGING

MEDICAL

UNITED KINGDOM

76% 71%

14% 5%

25% 50%

0% 50%

70% 60% 60%

30%

PHARMACEUTICALS

RETAIL

PROPERTY

67% 33%

27% 10%

30% 60%

42% 22%

53% 62%

23% 28%

SECURITY SERVICES



36% 27%

50% 55%

TELECOMMUNICATIONS



THE ‘ANTAL GLOBAL SNAPSHOT’ Detailed examination of the CEE Key Sectors


30% 20%

10% 10%

63% 50%

12% 11%

71% 57%

41% 32%

ACCOUNTANCY

BANKING


BULGARIA

17% 33%

42% 50%

64% 36%

45% 36%

79% 37%

11% 26%


LEISURE

FMCG

48% 39%

13% 22%

81% 76%

10% 0%

50% 50%

15% 8%

MANUFACTURING

MEDICAL

MEDIA

100% 14%

21% 14%

80% 50%

16% 20%

50% 25% 25% 25%

MINING

PROPERTY

PHARMACEUTICALS

80% 78%

15% 12%

61% 39%

50% 44%


TELECOMMUNICATIONS





15% 38% 40%

20%

25% 42%

8% 33%

11% 19%

76% 59%

ACCOUNTANCY BANKING


HUNGARY

50% 17%

33% 17%

20% 60%

20% 14%

25% 50%

13% 25%


ENERGY - OIL & GAS


16% 32%

16% 11%

17% 17%

8% 0%

34% 50%

13% 34%

FMCG

MANUFACTURING

LOGISTICS

50% 25%

0% 0%

33% 44%

8% 11%

45% 36%

18% 9%

MEDICAL

PHARMACEUTICALS

PACKAGING

21% 21%

36% 41%

25% 58%

17% 25%

18% 47%

12% 24%

RETAIL



44% 39%

28% 39%

TELECOMMUNICATIONS





54% 59%

26% 15%

61% 45%

10% 9%

60% 59%

28% 23%

ACCOUNTANCY BANKING


POLAND

48% 65%

35% 9%

40% 37%

18% 23%

95% 86%

14% 14%



42% 24%

18% 16%

45% 45%

9% 9%

47% 47%

20% 20%

ELECTRONICS

ENERGY - RENEWABLES

ENERGY - OIL & GAS

57% 41%

19% 14%

68% 70%

46% 46%

FMCG

LEGAL

61% 62%

25% 20%

INSURANCE

65% 60%

18% 22%

LOGISTICS





48% 37%

13% 14%

57% 65%

22% 14%

MEDIA

MANUFACTURING

POLAND

40% 48%

24% 16%

57% 45%

15% 15%

52% 46%

15% 20%

MEDICAL

PHARMACEUTICALS PACKAGING

42% 33%

26% 19%

37% 33% 36%

32%

78% 79%

2% 0%

PROPERTY

SCC/BPO

RETAIL

68% 58%

11% 13%

57% 49%

27% 29%


TELECOMMUNICATIONS

66% 66%

12% 14%


48% 52%

9% 13%

UTILITIES





53% 40%

47% 33%

50% 38%

13% 8%


ROMANIA

33% 40%

53% 53%

50% 60%

10% 10%

68% 56%

41% 44%

BANKING


CHEMICALS

45% 36%

9% 0%

54% 62%

23% 31%

CONSUMER GOODS

ENERGY - OIL & GAS

43% 37%

33% 30%

FMCG

50% 56%

6% 13%

LOGISTICS

41% 56%

26% 35%

MANUFACTURING

67% 67%

22% 15%

43% 21%

14% 29%

MEDICAL

PACKAGING

79% 71%

21% 14%

PHARMACEUTICALS

58% 50%

17% 12%




THE ‘ANTAL GLOBAL SNAPSHOT’ Detailed examination of the Middle East & Africa Key Sectors


15% 22%

35% 45%

18% 20%

42% 32%

5% 15%

25% 37%

ACCOUNTANCY BANKING


UNITED ARAB EMIRATES

58% 60%

18% 12%

71% 71%

43% 29%

90% 88%

32% 25%

CHEMICALS

ENERGY - OIL & GAS


10% 67%

21% 17%

67% 67%

21% 13%

50% 75%

38% 50%

LEISURE

MANUFACTURING

LOGISTICS

67% 100%

32% 30%

23% 0%

45% 55%

MEDIA

PROPERTY

89% 93%

34% 12%

MEDICAL

29% 14%

29% 29%


25% 50%

100% 100%

RETAIL

50% 56%

17% 17%






40% 60%

20% 0%

15% 15%

4% 4%


AGRICULTURE

SOUTH AFRICA

80% 80%

30% 10%

67% 67%

33% 33%

74% 79%

18% 12%

BANKING


CHEMICALS

38% 38%

25% 19%

37% 56%

21% 9%

CONSUMER GOODS

ENERGY - OIL & GAS

33% 67%

0% 33%

50% 50%

0% 17%

FASHION

LEGAL

44% 61%

0% 11%

FMCG

67% 50%

33% 33%

LEISURE

Antal Global Snapshot | Edition 12 - July/August 2012




67% 67%

8% 7%

100% 100%

12% 18%

39% 48%

33% 30%

LOGISTICS

MANUFACTURING

LUXURY GOODS

SOUTH AFRICA

100% 71%

29% 14%

53% 61%

9% 4%

MEDICAL

MINING

37% 49%

18% 14%

86% 71%

0% 0%

PHARMACEUTICALS

RETAIL

84% 72%

16% 6%

48% 70%

3% 5%

SECURITY SERVICES


76% 51%

8% 22%


65% 72%

67% 5%

TELECOMMUNICATIONS



THE ‘ANTAL GLOBAL SNAPSHOT’ Detailed examination of the APAC Key Sectors


74% 72%

40% 30%

74% 74%

43% 19%

73% 76%

14% 12%


AGRICULTURE

CHINA

49% 51%

11% 10%

76% 75%

40% 30%

61% 59%

26% 26%

BANKING


CHEMICALS

70% 65%

21% 17%

68% 73%

37% 42%

66% 61%

18% 24%

CONSUMER GOODS

EDUCATION


58% 68%

16% 16%

68% 66%

20% 22%

61% 64%

24% 26%

ELECTRONICS

ENERGY - RENEWABLES

ENERGY - OIL & GAS

79% 84%

14% 19%

81% 80%

21% 17%

76% 66%

56% 57%

FASHION

INSURANCE

FMCG

51% 53%

19% 27%

LEGAL

64% 63%

31% 25%

LEISURE





62% 53%

23% 35%

86% 80%

24% 24%

71% 73%

18% 17%

LOGISTICS

MANUFACTURING

LUXURY GOODS

CHINA

71% 72%

17% 15%

84% 83%

8% 8%

70% 73%

23% 19%

MEDIA

MINING

MEDICAL

68% 69%

19% 24%

78% 78%

10% 10%

59% 74%

26% 31%

PACKAGING

PROPERTY

PHARMACEUTICALS

60% 58%

35% 45%

63% 64%

26% 23%

81% 67%

25% 30%

PUBLIC SECTOR (GOVERNMENTAL)

SECURITY SERVICES

RETAIL

60% 66%

29% 27%

63% 63%

27% 27%

80% 76%

26% 28%


TELECOMMUNICATIONS


62% 67%

33% 31%

UTILITIES





77% 66%

26% 23%

70% 60%

20% 10%

43% 38%

23% 12%


AGRICULTURE

INDIA

42% 50%

27% 29%

72% 64%

44% 36%

62% 64%

21% 17%

BANKING CONSTRUCTION & ENGINEERING

CHEMICALS

62% 72%

33% 32%

70% 60%

27% 20%

40% 60%

20% 40%

CONSUMER GOODS EDUCATION


79% 71%

36% 29%

54% 43%

23% 23%

ELECTRONICS

ENERGY - RENEWABLES

65% 65%

40% 20%

ENERGY - OIL & GAS

100% 75%

50% 50%

25% 50%

17% 0%

FASHION

INSURANCE

73% 82%

17% 12%

FMCG





63% 66%

23% 11%

58% 70%

8% 15%

50% 67%

17% 0%

LEISURE

LUXURY GOODS

LOGISTICS

INDIA

61% 58%

20% 21%

70% 65%

25% 15%

71% 72%

40% 37%

MANUFACTURING

MEDICAL MEDIA

75% 69%

22% 22%

64% 82%

0% 36%

68% 68%

31% 26%

MINING

PHARMACEUTICALS

PACKAGING

51% 64%

13% 7%

25% 50%

25% 31%

PROPERTY


54% 58%

33% 17%

RETAIL

53% 59%

16% 19%

30% 50%

45% 40%


UTILITIES

43% 46%

34% 34%

TELECOMMUNICATIONS





58% 67%

42% 50%

ACCOUNTANCY

PHILIPPINES

36% 36%

55% 36%

71% 57%

71% 29%

BANKING CONSUMER GOODS

44% 11%

33% 22%

33% 33%

67% 33%

EDUCATION

ENERGY - OIL & GAS

50% 75%

13% 38%

60% 70%

30% 30%

LEISURE

LOGISTICS

67% 83%

67% 58%

60% 90%

40% 20%

MANUFACTURING

MEDIA

42% 67%

33% 25%

MEDICAL

100% 60%

20% 0%

22% 56%

44% 56%

PHARMACEUTICALS

PROPERTY

64% 73%

55% 45%

PUBLIC SECTOR (GOVERNMENTAL)

88% 38%

63% 50%

54% 77%

38% 38%

RETAIL

SSC/BPO

33% 44%

56% 56%


46% 46%

50% 39%

53% 76%

41% 59%


TELECOMMUNICATIONS





27% 40%

17% 13%

27% 45%

9% 14%

19% 25%

7% 8%

ACCOUNTANCY BANKING


SINGAPORE

50% 67%

33% 50%

73% 67%

7% 7%

72% 60%

32% 24%

CHEMICALS

ENERGY - OIL & GAS

CONSUMER GOODS

66% 55%

10% 14%

55% 25%

20% 20%

77% 69%

8% 31%

FMCG

LOGISTICS

LEISURE

44% 56%

30% 22%

25% 63%

50% 50%

56% 56%

22% 33%

MANUFACTURING

MEDICAL

MEDIA

46% 43%

11% 0%

50% 45%

12% 11%

63% 75%

25% 25%

PHARMACEUTICALS





THE ‘ANTAL GLOBAL SNAPSHOT’ Disciplines and Functions – Expecting to HIRE over the coming quarter

Accounting, Tax, Treasury Administration

Banking Board, "C-Level"

Construction Creative, Design

Engineering, Production Human Resources

IT Technical, IT support Legal

Ops, Logistics, Procurement Other

R&D, Scientific Sales & Marketing

16% 6%

2% 3% 3% 4%

20% 6%

13% 2%

14% 6% 9%

37%

Western Europe








16% 8%

5% 12%

3% 2%

17% 7%

25% 4%

12% 7% 5%

37%








10% 29%

4% 4%

16% 1%

26% 33%

23% 2%

21% 2%

13% 35%

CEE

Middle East








6% 10%

1% 5% 3%

1% 29%

5% 17%

3% 10%

4% 8%

30%

Africa








14% 6%

2% 2% 3% 5%

17% 11% 9%

4% 21%

7% 13%

42%

APAC








11% 8%

3% 3% 5% 5%

29% 19% 18%

7% 16%

10% 20%

31%

Americas



THE ‘ANTAL GLOBAL SNAPSHOT’ Disciplines and Functions – Expecting to FIRE over the coming quarter








12% 19%

2% 4% 5% 7%

14% 15% 14%

5% 25%

13% 7%

19%

Western Europe








11% 17%

7% 9%

5% 7%

12% 12% 12%

5% 23%

17% 3%

27%








16% 22%

6% 8%

14% 6%

18% 10%

18% 2%

16% 10%

8% 20%

CEE

Middle East








7% 23%

2% 6% 8%

2% 15%

9% 6%

2% 16%

9% 2%

13%

Africa








9% 7%

4% 3% 4% 3%

8% 8% 8%

4% 15%

12% 5%

15%

APAC








14% 25%

7% 3%

10% 6%

12% 13% 13%

3% 17%

5% 5%

13%

Americas



THE ‘ANTAL GLOBAL SNAPSHOT’ Worldwide Growth by Regions - Q2 2012

Americas

APAC

Middle East

Central, Eastern Europe

Africa

Western Europe

70%

65%

57%

54%

51%

33%

Currently Hiring

Americas

Middle East

APAC

Africa


Western Europe

70%

68%

65%

57%

52%

26%

Hiring in the next 3 months

Middle East

Americas

APAC


Africa

Western Europe

37%

28%

23%

22%

19%

12%

Currently Firing

Americas

Middle East


APAC

Africa

Western Europe

27%

27%

21%

20%

13%

12%

Hiring in the next 3 months

Winners and Losers - Regions Although the Asia Pacific region is still a major player in terms of jobs growth, the Americas has made an unexpected move to the top of the regional table in this edition of Snapshot. And while much of this has been driven by the increasingly entrepreneurial economies of Latin America, the north is also making a significant contribution. Despite predictions that China may yet overtake the USA as an engine of employment growth it appears that the West’s most powerful economy can still produce some surprises.



THE ‘ANTAL GLOBAL SNAPSHOT’ The Current Worldwide Picture - Q2 2012

Winners and Losers - Sectors

Across the globe the sectors with the highest current levels of recruitment activity at professional and managerial level are:

1. Luxury Goods 2. SSC/ BPO 3. Security Services 4. Fashion 5. Agricultural

The sector with the least activity was animal health industry where only 30% of companies were hiring.

Global Snapshot - The Worldwide Picture

Are you currently hiring at managerial / professional level? - 51%

Are you currently letting people go at managerial / professional level? - 18%

100%

- 71

%

Iceland - 94% Israel - 80% Qatar - 76% Denmark, Pakistan - 75% Mexico - 74% Canada, Saudi Arabia - 73% China - 72%

70%

- 61

%

Taiwan - 70% Russia - 68% New Zealand - 67% USA - 66% Australia - 64% Bulgaria, Ireland - 63% Brazil, Japan - 62% Finland - 61%

60%

- 51

%

Norway - 60% Argentina - 59% Poland, Sweden, Switzerland - 58% Luxembourg - 57% Malta - 56% Chile, Czech Republic, India, Netherlands, Turkey - 55% Belgium, UAE - 54% Croatia, Romania, South Korea - 53% France - 52% Malaysia, Philippines - 51%

Bel

ow 5

0%

South Africa - 50% Austria, UK - 49% Singapore - 45% Italy - 43% Portugal - 37% Spain - 34% Greece - 33% Egypt - 28% Germany - 27% Hungary - 24%

Countries currently hiring



THE ‘ANTAL GLOBAL SNAPSHOT’ The Worldwide Outlook - Q2 2012

Sectors hiring in the next 3 months SSC/BPO 78% Luxury Goods 71% Media 67% E-Commerce & Social Media 66% Agriculture 63% Pharmaceuticals 62% Property, Security Services 61% Public Sector (Governmental) 60% Mining 59% Accountancy, Chemicals, Technology - Hardware, Technology - Software 58%

Education, Legal, Telecommunications, Utilities 57% Energy - Oil & Gas 54% Insurance 52% FMCG, Logistics, Retail 51% Energy - Renewables, Fashion, Packaging 50% Construction & Engineering, Leisure 48% Consumer Goods 45% Banking 44% Electronics 42% Automotive & Aerospace 41% Veterinary 40% Manufacturing 36% Medical 31%

Winners and Losers - Countries

As is usually the case with Global Snapshot, this edition of the report highlights the divergence of fortunes in employment markets around the world. While in Iceland a staggering 94% of organisations are currently seeking professional or managerial staff, only 24% of companies in Hungary are in the process of hiring.

However, what has changed in this round of research has been the customary domination of the table by countries in the Asia Pacific region. In this edition of Global Snapshot the ‘top 5’ nations are spread across Europe, the Middle East and the Indian sub-continent.

Global Snapshot - The Worldwide Picture

Do you expect to hire at managerial / professional level over the coming quarter? - 49%

Do you expect to let people go at managerial / professional level over the coming quarter? - 16%

100%

- 61

%

Iceland - 90% Canada - 82% Qatar - 78% Denmark - 74% China, Israel, Mexico, Taiwan - 72% Australia - 70% Russia, Saudi Arabia - 67% USA - 66% Japan - 65% Croatia, Ireland, New Zealand - 63% Egypt - 61%

60%

- 51

%

Malaysia, Pakistan, Philippines - 58% Czech Republic, South Africa, Turkey - 57% India, Norway, Sweden, UAE - 56% Brazil - 55% France, Poland - 53% Romania, South Korea - 51%

50%

- 41

%

Bulgaria - 50% Finland, Netherlands, Singapore - 49% Switzerland, UK - 48% Chile, Greece - 47% Belgium - 46% Argentina, Austria, Malta - 44% Italy, Luxembourg - 43%

40%

and

less

Hungary - 36% Portugal - 31% Spain - 30% Germany - 18%

Countries expecting to hire in the coming quarter



THE ‘ANTAL GLOBAL SNAPSHOT’ Conclusion

The ‘new normal’ ?

As in the last edition of Global Snapshot, let’s begin with the bad news. Across more than 20,000 employers around the world that provided information for our latest report, the overall level of hiring is down, from 55% in April to 51% now. However does this really mean that jobs markets across the globe are in serious decline?

The devil, as the old adage has it, is in the detail and more in-depth analysis of the figures suggests that things are not as bad as they might at first appear. The percentage of organisations reducing headcount at professional and managerial level has also dropped, from 20% to 18%, suggesting that the international jobs market might be stabilising rather than collapsing. And a number of regions that have been reporting fairly dismal results in recent quarters are now showing some signs of a turn around. Take for example, Western Europe, which has been a long-term casualty of the financial meltdown of 2008. Almost all of the countries surveyed in the region indicated at least some rise in hiring activity at professional and managerial level, even the Eurozone’s most high profile victims of the downturn, Spain and Greece.

In our view, the results of the latest Snapshot research do not suggest either any significant improvement in or worsening of the global economic picture. Instead, we would suggest they indicate that many organisations have now come to accept uncertainty as an unwelcome, but inherent part of business life and are consequently pushing ahead with investment and development in this ‘new normal’. As a consequence, while McKinsey & Co’s notorious ‘war for talent’ may be on indefinite hold in many sectors and disciplines, there is no doubt that it is most definitely raging again over those individuals whose specialist technical skills and entrepreneurial application are key to driving businesses forward.

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

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Global Heat Map Antal Global Snapshot | Edition 12 - July/August 2012


THE ‘ANTAL GLOBAL SNAPSHOT’

antal global snapshot - edition 12

Documents

hungary page

philippines page

singapore page

romania page

q3 page

israel page

portugal page

conclusion page