Global employment research shows the demand for professionals and managers is stabilising
It then asked whether they planned to do so in the coming quarter and whether they were currently letting staff go or were planning to do so in the next three months.
The results from the data show signs of improvement where the average hiring levels across the globe have increased slightly as 57% of companies are currently planning to take on staff. This is an increase of 6% from the January 2014 edition of the Snapshot, but represents an increase of 3% year-on-year. This is expected to remain fairly consistent in the next quarter.
The number of companies letting staff go stands at 15%, a reduction of 1% since January 2014 and down 4% from the previous year.
The highest levels of hiring were found in Belgium (68%), Portugal (58%) and France (53%) while the lowest was recorded in Sweden and Austria where only 26% and 39% of companies questioned were in the process of recruiting at professional or managerial level. Moreover in Austria, this is expected to decline by 3% in the next quarter. In the UK the percentage of businesses recruiting has improved from 45% in January to 47% now and is expected to improve by 11% over the coming quarter.
Eastern Europe and Eurasia
The highest recruitment levels in this region were found in Russia (78%), Romania (73%) and Slovakia (70%), where the employment markets have noted a high volume of activity over recent months. Romania also recorded the highest level of expected recruitment activity in all 52 countries surveyed with 93% of organisations expected to hire in the coming quarter. The lowest firing figures in the CEE and Eurasia territory were recorded in Czech Republic (12%) and this is expected to fall by 2% in the next three months.
Despite a relatively low level of hiring activity in the Middle East region, in the U.A.E the percentage of businesses recruiting is expected to improve by 12% over the coming quarter. Just 3% of companies from Saudi Arabia are planning on letting staff go in the next quarter although this figure stood at 9% in January 2014.
China and Malaysia in particular, recorded strong results in this edition of the Snapshot. Currently 65% of organisations in China are taking on staff and in Malaysia this stands at 60%, in line with the global average and predictions made in January 2014.
This is in comparison to Singapore where the percentage of companies currently taking on staff stands at 36% and is expected to fall further in the coming months. This is particularly disappointing for the Singapore employment market as 45% of organisations said they would be hiring in the next quarter when questioned in the January 2014 Snapshot.
The USA registered the strongest performance in the Americas with 79% of businesses currently seeking staff, while in Latin America the most buoyant hiring market was in Brazil where 65% of businesses were hiring at professional and managerial level. The report found that hiring levels in Mexico have remained positive with 63% of employers hiring at managerial and professional level and this growth is set to continue with 66% of businesses planning on recruiting for senior roles in the next three months.
“Once again it looking like a great time to be seeking a career move and being a recruiter,” says Antal’s Founder and Executive Chairman, Tony Goodwin.” Although some countries, particularly in Western Europe, are still seeing a decline in the employment market, the global picture has definitely improved once again,” says Antal’s Founder and Executive Chairman, Tony Goodwin. “The hiring and firing of staff is one of the most effective measures of business confidence and there is no denying that, with a few exceptions, these results indicate increased stability within the market. While some areas around the world face continued difficulty, on the whole the signs are promising. A number of key economies have shown really impressive growth including China, Poland and Romania to name a few".
A full copy of the survey report can be downloaded at snapshot.antal.com