antal global snapshot edition 6 milan

8/9/2019 Antal Global Snapshot Edition 6 Milan

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ANTAL GLOBALSNAPSHOTA survey of hiring and firing trends in key

employment markets around the world.

Edition 6 - June 2010snapshot.antal.com


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Antal Global Snapshot | Edition 6 - June 2010

THE ANTAL INTERNATIONAL GLOBAL SNAPSHOT

IntroductionThe Antal International Global Snapshot is a regular survey of hiring (and firing) trends in some of the worlds most

important employment markets and in those likely to join this group over the coming decade. This sixth report in theseries is based upon material sourced from over 9600 businesses in commerce, industry and the financial services

sector in 55 key countries on five continents.

We hope that you find it both interesting and useful.

Chairman and CEO

Antal International

About Antal InternationalFounded in 1993, Antal International is a management and professional recruitment specialist with a particular focus

on the sourcing and retention of candidates in the Generation Y bracket. One of the first recruitment organisations to

devote substantial resources to emerging markets, the company now has offices in 30 countries and works with many

of the worlds most successful and ambitious multi-nationals.

MethodologyThis edition of the Antal International Global Snapshot is based upon survey forms and telephone interviews

completed by line and HR managers in 9672 companies, professional partnerships and financial institutions across 55

countries in May 2010.

Each respondent was asked whether they were currently hiring or letting go professional/managerial staff and whether

they intended to do so over the coming quarter. All respondents were guaranteed anonymity to encourage open and

honest answers.


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Antal Global Snapshot | Edition 6 June 2010

THE ANTAL INTERNATIONAL GLOBAL SNAPSHOTLocal Picture - Detailed information on the 55 key markets surveyed.

Western Europe

Are you currently hiring at managerial/professional level?Do you expect to hire at managerial/professional level over the coming quarter?

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

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

Austria Belgium

France

47%43%

28% 29%

After peaking at 58% in January the level of managerial

and professional hiring has now dropped back slightly and

future hiring intentions are also down markedly from 73%.

However there is also encouraging news in the form of a

drop in the percentage of employers intending to shed

staff over the next few months from 35% to just 28%.

66%62%

28% 30%

53%56%

32%29%

The percentage of organisations recruiting professional and

managerial staff in France has dropped slightly since the

beginning of the year from 55% to 53% now. Future hiring

intentions are also down from 58% to 56%. More

encouragingly the proportion of organisations shedding staff

has reduced. The percentage losing people now has come

down from 37% to just 32% and appears likely to fall again

over the coming quarter.

41% 44%

24%19%

Germany

Although hiring levels have not returned to the extremely

high 70% reported in the autumn of 2009 they are

markedly better than those reported in January this year

when only 45% of businesses were recruiting. Future

hiring intentions are also strong, up from 50% in January

to 62% now.

After rising to 51% in January, the percentage of

organisations hiring staff has fallen back to the level

recorded in the autumn of 2009. Future recruitment

intentions are also less positive with the percentage

planning to hire in the coming quarter down from 54% to

44% now. However the number of organisations shedding

staff has also fallen from 28% in January and is set to drop

again over the coming quarter suggesting a stable ratherthan weakening employment market.


4/24



Western Europe Continued...stern Western EuropeAre 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?


Italy Luxembourg

Malta

47% 47%

17% 18%

Hiring levels have risen slightly from the 42% recorded in

January and appear likely to remain steady over the

coming quarter. At the same time the percentage of

organisations shedding staff at professional and

managerial level has fallen from 24% at the beginning of

the year to just 17% now.

29%

46%

29%33%

6%

51%

3%

17%

When we last reported on Malta in January its job market

was in a downturn with the percentage of organisations

recruiting down from 41% in September 2009 to 31%. Now

the market seems to have almost ground to a halt, although

businesses seem optimistic that it will restart in the coming

quarter.

63%58%

25% 24%

Netherlands

In our last report in January Luxembourg was registering

the joint highest level of hiring in the whole of Western

Europe. Now, however, recruitment has fallen

substantially from 58% to only 29% although hiring

intentions for the next three months are markedly better

at 46%.

After flat-lining throughout 2009 the amount of

recruitment at professional and managerial level continues

to rise, up from 52% in January to 63% now. Confidence is

also reflected in the fact that the percentage of businesses

shedding staff is down from 30% at the beginning of the

year to 25%.


5/24



Western Europe Continued...stern EuropeAre you currently hiring at managerial/professional level?



Portugal Spain

Switzerland

36%

45%

25% 27%

Portugals hiring rate is predicted to rise to the levels

commonly seen across Europe in the next quarter.

Companies expecting to let people go are predicted to rise

slightly, but this is only to levels that are comparable with

the rest of Europe.

31% 30%26% 23%

60%63%

32% 30%

Although hiring levels in Switzerland are slightly down from

64% in January they still remain very healthy and are due to

rise over the next three months. At the same time the

percentage of businesses shedding staff is down from 38% at

the beginning of the year and is due to fall again in the

coming quarter.

60% 61%

22% 19%

United Kingdom

Despite Spains continuing economic problems the

percentage of organisations hiring at professional and

managerial level has risen marginally from 30% in

January to 31% now. The proportion of companies

shedding staff has also gone down slightly from 29% at

the beginning of the year to 26% now and appears likely

to fall again in the next quarter.

Overall current hiring is up marginally from 59% to 60%

and confidence about the future is much stronger than at

the beginning of the year when only 52% of businesses

envisaged recruiting in the coming quarter as opposed to

61% now. Organisations are also shedding less staff

only 22% now in comparison to 38% in January. The

financial services and telecoms sectors seem to be

leading the way in this improving picture. The percentage

of telecoms companies hiring is up from 71% to 75% andthe percentage of financial services organisations from

50% to 65%.


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WESTERN EUROPEDetailed examination of key markets

Western Europe Key SectorsAre you currently hiring at managerial/professional level?



German Sectors

18%

13%

46%

49%

20%

15%

43%

41%

20%

7%

52%

51%

4%

16%

39%

50%

12%

13%

47%

52%

9%

18%

45%

36%

14%

16%

36%

33%

22%

3%

11%

11%

10%

33%

22%

11%

BANKING ENERGY MANUFACTURING

BANKING MANUFACTURINGPROFESSIONAL

SERVICES

BANKING MANUFACTURING PROFESSIONAL

SERVICES

Italian Sectors

Spanish Sectors

UK Sectors

29%

31%

76%

75%

3%

4%

50%

33%

12%

16%

65%

53%

22%

24%

62%

56%

20%

19%

66%

65%

TELECOMS MANUFACTURING IT

ENERGY BANKING AND FINANCE


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Eastern Europe & EurasiaAre you currently hiring at managerial/professional level?



Bulgaria Croatia

Czech Republic

47%44%

19%

28%

Hiring levels in Bulgaria are showing a gently upward

trend from 41% to 47%, but the forecast is for this to

decline a little. The percentage of companies letting

managers and professionals go has dropped significantly

from 28% last quarter, but is expected to jump back up

again to a similar level. However, the actual figure of 19%

of companies showing job losses compared to the

predicted level of 23% in January may indicate some

optimism.

32% 34%

20% 20%

61%56%

23%27%

Hiring levels are up a modest amount since the last

Snapshot, from 57% to 61%, although recruitment plans for

the coming quarter show a reduction from 64%. The number

of companies expecting to shed jobs is displaying a

significant drop, although the predicted headcount shrinkage

in 32% of companies predicted by the last Snapshot has not

happened. Despite the slight decline in predicted hiring

figures, this Snapshot suggests that the Czech Republic may

be at the forefront of a wider recovery in the region.

19%

30%

20% 19%

Hungary

The Croatian jobs market is seeing a slight dip from last

quarters hiring levels of 39% although confidence in

recruitment prospects over the coming quarter is slightly

raised. The percentage of staff being let go has dropped

significantly from the 34% reported last quarter, and this

figure is expected to remain stable. Predicted levels of job

loss in the last Snapshot seem to have been accurate,

indicating that there is a return to stability and that the

downward trend is bottoming out.

Hungarys economic problems continue to be reflected by

a depressed hiring situation thats down from 28% last

quarter, but optimism for an upturn appears to be strong.

However, it should be noted that the predicted hiring levels

from Januarys Snapshot were on the high side and do not

seem to have been borne out by this Snapshots reported

figures. The good news is that job losses are down from

25%, with fewer reported losses than predicted and this

indicator continues to show a marked downward trend.


8/24



Eastern Europe & Eurasia Continued...Are you currently hiring at managerial/professional level?



Poland Romania

Russia

47% 47%

13% 12%

The job market for managers and professionals in Poland

has remained fairly steady since the start of 2010, with

hiring levels down only a little from 48%. Optimistically,

the levels of jobs being shed remains low, down slightly

from 15% shown in the last Snapshot at the beginning of

the year, with a further drop forecast, so Polands position

as having one of the lowest levels of job losses and

expected job losses in Eastern Europe remains stable.

50% 52%

20% 20%

66%61%

33% 31%

The percentage of organisations recruiting managers and

professionals across Russia has seen a mild decline from the

impressive figures noted at the beginning of the year to a still

respectable 66%. The number of companies downsizing in

this sector is also declining, down from 40% in the previous

Snapshot to 33%. A predicted figure of 31% expecting to lose

staff in the coming quarter suggests a continuing positive

trend. Taken together with hiring figures that are amongst the

highest for the region, this points towards a sustained

recovery.

24%

48%

16% 16%

Serbia

Romanias professional and managerial jobs market has

seen a slight decline, with hiring levels down from 55% in

the last Snapshot and the previously forecast figure of

53% proving overly optimistic. However, a forecast

growth figure of 52% for the next quarter suggests that

the country may be returning to stability in terms of hiring

levels. The picture for job losses is also cautiously

optimistic. Although Januarys Snapshot predicted that27% of businesses would shed staff this materialized at

only 20%.

The outlook for managerial and professional jobs in Serbia

appears very positive, with a jump to 48% of companies

hiring predicted. Downsizing levels of 16% are below

average for Eastern Europe and not expected to see an

increase in the next quarter, suggesting that Serbia is

joining the wider economic recovery.


9/24



Eastern Europe & Eurasia Continued...Are you currently hiring at managerial/professional level?



Slovakia Slovenia

Turkey

54%

63%

20%26%

Strong current hiring levels, combined with a predicted

increase in managerial and professional jobs suggest that

Slovakia is joining the regions overall recovery. Levels of

actual and predicted job losses are similar to the

Snapshots findings across the whole of Eastern Europe.

44%

52%

11%

19%

29%

48%

10%13%

This Snapshots hiring level of 29% is down from the 36% of

companies taking on managers and professionals at the start

of 2010, but predictions show this to be a minor dip, with

recruitment expected to soar to 48%. Additionally, job loss

rates continue to remain at one of the lowest levels in the

European/Eurasian region, with previous estimates being

reasonably accurate. Predictions for job losses in the next

quarter are slightly more negative; with a small rise expected.

Neighbouring Greeces economic problems may be affecting

levels of confidence in the region, but the majority of

companies appear to be consolidating and retaining, ratherthan planning to fire, staff.

68% 70%

30%26%

Ukraine

Slovenias hiring levels are at the same level as the

Eastern European average, with companies optimistic for

a continued increase. Job loss levels and predictions are

significantly lower than are being seen in the region.

Hiring and firing levels in the Ukraine are very similar to

those currently being reported in Russia, comparing

favourably with other countries in the region. A predicted

rise in managerial recruiting and an expected drop in

levels of staff reductions are also good news for the

country.


10/24


EASTERN EUROPEDetailed examination of key markets

Eastern Europe & Eurasia Key SectorsAre you currently hiring at managerial/professional level?

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



Polish Sectors

18%

25%

68%

68%

11%

12%

35%

47%

15%

2%

75%

71%

4%

7%

43%

57%

13%

16%

63%

66%

5%

2%

48%

38%

25%

17%

67%

83%

39%

52%

49%

51%

17%

33%

50%

67%

AUTOMOTIVE BANKING ENGINEERING

IT - SOFTWARE PHARMACEUTICALS TELECOMS

CHEMICALS ENERGY ENGINEERING

Russian Sectors

Turkish Sectors

17%

17%

67%

50%

8%

8%

49%

33%

50%

33%

50%

58%

CHEMICALS ELECTRONICS IT


11/24



Middle East & Gulf Region EuropeAre you currently hiring at managerial/professional level?



Middle East & Gulf Region(Bahrain, Kuwait, Israel, Oman, Qatar, Saudi Arabia, UAE, Yemen) Saudi Arabia

UAE

48%

63%

21% 22%

The Gulf regions overall levels of hiring and firing are

roughly in line with the global outlook and hiring

expectations for the coming quarter are strong. High

levels of confidence and hiring levels in Saudi Arabia and

the UAE, and very low actual job losses and predicted

loses in Kuwait, are tempered by a poorer outlook in

Yemen, with losses and predicted losses both standing at

50%. The particular situation in Yemen negatively affects

the overall average figures for the region, so this shouldbe taken into consideration when comparing the hiring

and firing figures from the Gulf with other areas.

74% 77%

16% 16%

62%

73%

15% 16%

The UAEs recent economic problems do not seem to have

had a continuing negative impact on hiring levels and it has

retaken its place as one of the top job markets in the region,

second only to Saudi Arabia. Hiring levels in the UAE are up

since the beginning of the year when only 51% of businesses

were recruiting. Job losses are also occurring at a lower level

than in Januarys Snapshot when the percentage of

businesses shedding staff stood at 24%. With expectations

for job losses remaining very low and the numbers of

companies expecting to hire going up, there appears to be a

significant return in confidence in the employment sector.

47%

67%

20% 20%

Israel

Saudi Arabia continues to outperform all other countries

in the Gulf region, both in terms of current and projected

hiring. The percentage of organisations shedding staff at

professional and managerial level is also very low and

appears likely to continue at a low rate over the coming

quarter.

The percentage of companies predicting that they will be

taking on new managerial or professional staff in the next

quarter shows a leap up to 67% from the current level of

47%, suggesting that confidence in economic recovery is

growing.


12/24



Middle East & Gulf Region Continued... EuropeAre you currently hiring at managerial/professional level?



Bahrain Kuwait

Oman

52%57%

24%29%

Bahrains hiring levels are at a respectable 52%, putting it

slightly above average for the Gulf region, with the good

news that this is expected to increase. The percentage of

companies who responded to the survey expecting to

shed staff is slightly above the regional average at 24%.

38%

56%

6% 6%

51%53%

20% 20%

Omans predicted hiring levels for the next quarter are

expected to remain at a fairly stable level, in line with the

current Gulf average. Numbers of companies letting staff go

are also around the average level for the region. This

suggests that companies in Oman are consolidating their

position and that growth will be gradual rather than fast.

60%

73%

13%17%

Qatar

Hiring levels in Kuwait since the beginning of the year

have not been as strong as in other Gulf nations, but are

expected to see an upturn to 56% in the coming quarter.

The numbers of companies letting staff go are low at six

percent and this is not expected to rise, suggesting a

strong return to economic confidence.

Qatar is seeing companies taking on staff at professional

and managerial level at a rate that is well above the

average for the region, with growth expected to accelerate

in the coming quarter. Numbers of companies downsizing

are well below average.


13/24



AfricaAre you currently hiring at managerial/professional level?



Angola Botswana

Egypt

50%

33%

2%

17%

Current hiring levels in Angola compare favourably with

other countries in the region, although lower predictions

for the next quarter suggest that companies are favouring

a cautious outlook. Current headcount cuts are amongst

the lowest in the world.

25%

50%

1% 3%

75%71%

8%13%

After a very high (55%) level of companies shedding staff in

Januarys Snapshot, predictions for a much lower future level

appear to have been accurate, with only 8% reporting firings

now. Hiring is also occurring at a very high rate, up from 65%

at the beginning of the year. Predicted headcount shrinkage

amongst only 13% of companies compares well with the rest

of the region and shows that returning confidence appears

likely to be sustained.

33% 33%

2%

17%

Ghana

This Snapshot shows an excellent outlook for Botswana.

Hiring for the next quarter is predicted to hit an impressive

50% and firings are at miniscule levels.

After a period showing very low hiring rates, the recovery

in Ghanas professional and managerial jobs sector

indicated by the January Snapshot is continuing and is

predicted to remain stable. Actual reported job losses of

only 2% are amongst the lowest level in the whole Global

Snapshot.


14/24



Africa Continued...Are you currently hiring at managerial/professional level?



Kenya

South Africa

43%

71%

29%

43%

Kenya is an exception to the generally low levels of job

losses seen across Africa; however predicted hiring levels

of 71% next quarter are an extremely good sign.

52%

71%

14%

24%

39%35%

15%11%

South Africa has experienced a dip in hiring rates from the

previous level of 49%, with predictions for the next quarter

remaining cautious at 35%, suggesting that a previous

upward trend has not been sustained. More comfortingly,

however, levels of staff reduction remain reasonably low and

are expected to decline further, perhaps due to the World

Cups effect on the countrys economy. Some business

sectors such as banking and telecoms are clearly leading the

way out of the downturn, with significantly high hiring and low

firing figures.

The picture for Nigeria, since the beginning of the year, is

that businesses did not see the optimistic recovery hoped

for, but headcount reductions were not at the level feared.

After a significant rebound in hiring levels, which rose to

79% in January, the job market for managers and

professionals dropped to a still healthy 52% this time

around. However, the number of companies expecting tolet staff go had been predicted to hit 28%, but was

actually only half the expected figure at just 14%.

Nigeria


15/24


AfricaDetailed examination of key markets

South African Key Sectors EuropeAre you currently hiring at managerial/professional level?



South African Sectors

6%

7%

36%

51%

2%

3%

58%

72%

4%

7%

15%

27%

33%

17%

33%

33%

BANKING CHEMICALS

ENERGY ENGINEERING

8%

24%

51%

42%

14%

21%

29%

18%

2%

3%

25%

75%

34%

34%

67%

32%

FMCG SUPPLY CHAIN

TELECOMS TRANSPORT


16/24



Asia & Indian SubcontinentAre you currently hiring at managerial/professional level?



China Hong Kong

India

72% 73%

17% 19%

Although still down on the high of 74% recorded in

September, hiring levels in China remain buoyant at 72% -

almost exactly the same as in January this year. At the

same time the percentage of businesses shedding staff is

down from 25% at the beginning of 2010 to just 17% now.

All key sectors remain strong, although professional

services has made the only notable improvement withrecruitment in this sector up from 78% to 83%.

58%

65%

23%

35%

73%77%

11%16%

India continues to make a steady recovery from its very

depressing start to 2009 when less than 30% of businesses

in the country were recruiting at professional or managerial

level. Current hiring levels are up from 71% at the beginning

of the year to 73% now and the percentage of businesses

shedding staff is down from 16% to just 11%. The lead in the

ongoing recovery seems to have been taken by the

manufacturing sector where a staggering 96% of

organisations are planning to hire over the next three months.

54%

63%

25%33%

Japan

Hong Kongs hiring and firing figures and predictions are

very similar to those currently reported for Japan,

showing that the picture across the East Asian economies

is fairly consistent, although expected job loss rates

compare favourably with the Philippines. 58% of

companies hiring, rising to a predicted level of 65%

indicates that growth is expected.

Expected job losses for the managerial and professional

sectors in Japan are roughly in line with global levels and

a predicted rise in companies taking on staff, up to 63%

from 54% shows that the outlook for jobs in Japan is

buoyant.


17/24



Asia & Indian Subcontinent Continued...Are you currently hiring at managerial/professional level?



Malaysia Pakistan

Philippines

75%

90%

55%45%

Hiring levels in Malaysia are at a massive 75%, with an

even bigger jump predicted, putting it in the top two of the

global list for managerial and professional recruitment.

The current level of job cuts is also expected to drop in the

coming quarter.

62%58%

29% 31%

56%

81%

50%56%

The level of hiring at managerial and professional level is up

substantially from 46% in January to 56% now. However the

increase in the percentage of companies shedding staff from

42% at the beginning of the year to 50% now does suggest

there is still an underlying volatility in the jobs market.

53%

68%

47%53%

Singapore

Perhaps due to continuing uncertainty in the political

climate hiring levels are slightly down since January from

70% to 62%. However the percentage of organisations

shedding staff is also down markedly from 53% to just

29% suggesting some return in confidence to the jobs

market for managers and professionals.

Singapores current and predicted managerial and

professional hiring levels are slightly above the global

average and in line with those of other countries in the

region. Expected job reductions are above average but a

predicted jump in hiring to 68% is very positive news.


18/24


Asia & Indian SubcontinentDetailed examination of key markets

Asia & Indian Subcontinent Continued...Are you currently hiring at managerial/professional level?

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



Thailand

5%

15%

87%

85%

20%

16%

76%

83%

16%

14%

80%

78%

43%

71%

14%

29%

17%

17%

89%

83%

CHEMICALSENERGY

MANUFACTURING PROFESSIONALSERVICES

China Sectors Key Sectors

India Sectors Key Sectors

3%

4%

50%

59%

14%

3%

69%

85%

3%

4%

96%

75%

23%

24%

54%

52%

CHEMICALS ENERGY

MANUFACTURING TELECOMS

Thailands hiring levels are lower than those

currently being seen in other Asian

countries, but a level of job reductions of

14% is well below the regional average.


19/24



The AmericasAre you currently hiring at managerial/professional level?



Argentina Brazil

Canada

74%

65%

35%39%

With approximately three-quarters of companies currently

taking on managers and professionals, and two-thirds

expecting to do so in the next quarter, the picture for hiring

in Argentina is positive.

65% 66%

32%

41%

76%82%

41%47%

The Canadian jobs market shows significant churn. World-

leading levels of recruitment and a positive outlook are set

against 41% of companies reporting job cuts. Hiring levels

are above those reported in the USA and predicted growth to

82% of companies hiring shows that there is a lot of activity

taking place.

61%67%

36% 39%

Mexico

The hiring of managers and professionals in Brazil is up

markedly from 50% at the beginning of the year to 65%

now and is set to rise again over the next three months.

However the shedding of staff has also picked up quite

dramatically from just 16% in January.

Strong hiring rates in Mexico are expected to continue to

improve. Companies seeking to reduce headcounts are at

levels in line with the rest of the Americas.


20/24



The Americas Continued...Are you currently hiring at managerial/professional level?



USA

63%66%

37%34%

Global Snapshots findings mirror the recent figures

published by the US Labor Department which show that,

while the number of jobs in the US economy is climbing,

so is the number of unemployed. Our research shows the

percentage of companies hiring managers and

professionals is up from 56% in January to 63% now,

rising to 66% in the coming quarter. However thepercentage of businesses shedding staff is also up from

just 29% at the beginning of the year to 37% in May.


21/24



AustralasiaAre you currently hiring at managerial/professional level?



Australia New Zealand

69% 72%

41%48%

The outlook for hiring and firing in Australia is mixed.

Current and predicted hiring levels are amongst the

highest in the world and considerably above the

international average, but this is set against a headcount

reduction level of 41%.

67%

98%

67%

83%

Much like neighbouring Australia, the picture for New

Zealands professional job market is mixed. A current

hiring level of 67% puts it amongst the leading nations,

and predictions for this to hit 98% are hugely positive, but

this is set against a headcount reduction rate of 67% and

predictions for further cuts.


22/24


THE ANTAL INTERNATIONAL GLOBAL SNAPSHOTTHE CURRENT PICTURE

Winners and Losers Regions

In a continuing demonstration of the shifting balance of

economic power in recent years, the region with the

highest current level of recruitment activity at

managerial and professional level was the Asia-Pacific

area at 65%. However the continuing recovery of the

US economy meant that the Americas region was not

far behind at 64%. In sharp contrast, Western Europe

scored a relatively poor 45%.

Winners and Losers Sectors

Across the globe the sectors with the highest current

levels of recruitment at professional and managerial

level were:

1) Banking2) Engineering3) FMCG4) IT software5) Manufacturing

The lowest were shipbuilding, music and entertainment

and airlines.

Global Snapshot The Worldwide Picture

Are you currently hiring at managerial/professional level? 54%

Are you currently letting people go at managerial/professional level? 22%


23/24


THE ANTAL INTERNATIONAL GLOBAL SNAPSHOTTHE OUTLOOK

Winners and losers Regions

Forecasts for the next quarter suggest that the Asia

Pacific region will continue to offer the best prospects for

managers and professionals with 73% of organisationsplanning to recruit at this level. Prospects in the

Americas are set to improve with 66% of companies

intending to add to headcount, whilst the situation in

Western Europe is also looking more positive with 51%

of businesses preparing to hire.

Global Snapshot the worldwide picture

Do you expect to hire at managerial/professional level over the coming quarter? 58%

Do you expect to let people go at managerial/professional level over the coming quarter? 25%

OUTLOOK:

Expecting to hire in

the next quarter


24/24

THE ANTAL INTERNATIONAL GLOBAL SNAPSHOT

Conclusion

Not an approaching train

Cynics often tell us that the light we can see at the end of a tunnel is actually the headlamps of an approaching train.

Fortunately this does not seem to be the case in terms of the global professional jobs market.

The signs of recovery that we detected in the Global Snapshots produced in September 2009 and January 2010 have

been repeated in this edition. Across the world the level of hiring at managerial and professional level has risen slightly

since the beginning of the year from 53% to 54% and looks set to rise again over the next quarter to 58%. At the same

time the percentage of organisations shedding staff in the magnificent middle has dropped from 28% in January to

just 22% now. And if anyone ever doubted the underlying robustness of the global financial services community theyshould look no further than this edition of Global Snapshot. After a painful period of large scale redundancies and

recruitment freezes, the banking sector is once again the most active hirer of talent around the world.

Of course no recovery is ever simultaneous and universal. A number of countries in both Western and Eastern Europe

have seen a drop in hiring levels, as has Nigeria and Africas largest economy, South Africa despite the economic

optimism generated by the looming World Cup.

In the last two editions of Global Snapshot we have hesitated to suggest that a genuine and sustained recovery is

underway, wary of the fact that more unpleasant surprises might still be announced by the banking community.

However the fact that this industry now tops the list of the worlds most active sectors gives us the confidence to

predict that a double dip recession is now unlikely to take place. As a result the nascent war for talent that has alreadybroken out is likely to become fiercer over the next few months, as the most prescient businesses snap up the people

who will enable them to secure best advantage in improving markets.

Contact

If you would like any further information about material included in this report or would like to reserve a copy of the

next Global Snapshot, contact Vincenzo Trabacca at [email protected] or your local Antal office see www.antal.com

for more details.

Vincenzo Trabacca

Antal International Italy Ltd

Via Santa Maria Segreta 6

20123 Milan, Italy

Tel: +39 02 80 60 60 1

Fax: +39 02 80 50 20 10

Email: [email protected]

www.antal.comwww.snapshot.antal.com

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