Almost a half of Russian companies don’t believe in a ‘double dip’ recession

Almost a half of Russian companies don’t believe in a ‘double dip’ recession  

47% of companies operating in Russia are sure that there won't be a 'double dip' economic recession in 2012. Such results were obtained during a survey held by executive recruitment company Antal Russia, amongst 300 companies.

Almost half of all respondents have said that their company doesn’t expect a repeat of the economic slump in 2008. They have assured that their companies are predicting the further growth. 

However 18% did mention that they are concerned about a new recession and are taking measures to prepare for it. The most popular steps which this group has mentioned are a more thorough cost saving policy, organizational structure optimization, business diversification, setting competitive prices and client service improvement.

Nearly a third of the companies surveyed by Antal Russia said that they are expecting a new recession (even in a mild form), but are not reacting to it in any way.

“Companies operating in Russia modified their strategies significantly during 2008-2009 downturn which explains why the majority of those who are expecting a ‘double dip’ recession are not taking any measures. From a recruiter’s point of view, stable demand for managerial staff could be noticeable. However employers are becoming more cautious when hiring new employees”, says Michael Germershausen, Antal Russia's Managing Director.

If the chart isn’t available please download it here http://antalrussia.files.wordpress.com/2011/10/rus_eng.jpg

The methodology of the survey:

The number of respondents from the companies operating in Russia is 286.

55% directors

40% managers

5% specialists

The companies’ size:

500+ employees – 35%

100-500 employees – 30%

10-100 employees – 35%

Antal Russia is one of the largest recruitment companies in Russia and CIS, focused on quality mid-senior level managerial recruitment across most industry sectors.

The British Recruitment Company Antal International entered the Russian market in 1994. At this time Antal was one of the very first international recruitment firms operating in Russia and the CIS. The Moscow representation was one of Antal’s first international offices and one of the largest and most successful all over the world.

In March 2008 Antal Russia was acquired by the FiveTen Group operating across 19 cities, 12 countries and four continents. Although most positions need to be filled in Moscow Antal Russia successfully work on projects in the regions and in other CIS countries, particularly Ukraine and Kazakhstan. 

Antal Russia opened it’s Kazakhstan office in Almaty in July 2010 (www.antalkazakhstan.com).

More details can be found at the website – www.antalrussia.com