ANTAL GLOBAL SNAPSHOT

Transcription

1 Edition 12 - July/August 2012 snapshot.antal.com ANTAL GLOBAL SNAPSHOT A survey of hiring and firing trends in key employment markets around the world.

2 Contents Introduction Introduction - Page 1 The Local Picture Key Sectors Western Europe Austria, Belgium, Denmark, Finland & France - Page 2 Germany, Greece, Iceland, Ireland & Italy - Page 3 Luxembourg, Malta, Netherlands, Norway & Portugal - Page 4 Spain, Sweden, Switzerland & UK - Page 5 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, 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 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 Antal Global Snapshot Edition 12 - July/August

3 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 companies, professional partnerships and financial institutions across 50 countries in June and July 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 1

4 The local picture from Western Europe. Austria 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 to 49%, despite predictions in March s Snapshot that these would drop to 4. 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. 49% 44% 26% Belgium 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. 54% 46% 27% 24% Denmark 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. 75% 74% 69% 52% Finland 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%. 61% 49% 56% 51% France 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. 52% 53% 31% 32% Antal Global Snapshot Edition 12 - July/August 2012 Page 2

5 The local picture from Western Europe. Germany 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 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% 5% 5% Greece In line with the country s current economic uncertainty, hiring levels in Greece have fallen somewhat over the last three months to. 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 3 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. 47% 44% 53% Iceland 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 9. 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 ; though this figure is expected to increase as the year comes to a close. 94% 9 32% Ireland Ireland s hiring rates have recovered significantly over the last three months from 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. 63% 63% 35% Italy The percentage of Italian companies hiring at a managerial level has remained steady this quarter, rising 1% to. 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, up from a low of. 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. Antal Global Snapshot Edition 12 - July/August 2012 Page 3

6 The local picture from Western Europe. Luxembourg 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 to 57% for this July s Snapshot, while firing levels currently stand at 3. Hiring rates for Luxembourg are predicted to fall below the mark over the following quarter. Whether this happens in reality, however, is yet to be seen. 57% 3 37% Malta 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 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 No further increases are expected over the next three months however, indicating the Maltese job market may be beginning to rightsize. 56% 44% 56% 56% Netherlands Mirroring the picture in many of its Western European neighbours, the Dutch job market has grown substantially this quarter, with employment rates rising 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 55% 49% 24% 24% Norway As July s figures show, the Norwegian employment market is experiencing significant activity at the moment. Hiring rates in Norway have increased from 4 to a respectable 6, 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 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%. 6 56% 51% 44% Portugal 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%. 37% 31% 35% 32% Antal Global Snapshot Edition 12 - July/August 2012 Page 4

7 The local picture from Western Europe. Spain 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 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 and is expected to remain in the mid-twenties for the near future. 34% 3 26% Sweden The percentage of Swedish companies taking on new managers and professionals has risen more than predicted this quarter, from 46% to 5. 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%. 5 56% 3 32% Switzerland Things are looking positive for the Swiss employment market this quarter. Hiring rates have risen significantly from 31% to 5, while job loss figures have only increased by to a modest. The percentage of Swiss companies looking to recruit over the next three months is expected to fall below, according to this July s predictions. Firing rates, however, should remain more stable, varying just 2% to. 5 4 United Kingdom 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. 49% 4 31% 27% Antal Global Snapshot Edition 12 - July/August 2012 Page 5

8 The local picture from CEE & Eurasia. Bulgaria 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 6, varying just 1% to 63%. This figure is predicted to fall over the coming months to, 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 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% 23% 23% Croatia At 53%, employment figures have continued to improve in Croatia this quarter. Hiring rates are up a respectable, compared to the close of 2011 and 1 higher than those seen in March s Snapshot. This trend is set to continue for the foreseeable future, rising another 1 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. 53% 63% 39% 41% Czech Republic 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 2 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%. 55% 57% 37% 39% Hungary 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%, down from March s figures. The situation should improve over the coming quarter though, with recruitment rates once again rising above 3 to. On the other hand, job loss rates have remained substantially more stable over the last few months and are set stay at for the near future. 24% Israel There has been a significant boom in employment rates for Israel over the last three months, with hiring rates jumping an impressive 3 in three months. At 8, 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. 8 72% 69% 74% Antal Global Snapshot Edition 12 - July/August 2012 Page 6

9 The local picture from CEE & Eurasia. Poland Poland s employment market has again defied expectations that recruitment levels would drop, with hiring figures remaining at 5. 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 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. 5 53% Romania 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 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 2. 53% 51% 26% 2 Russia Like many of the surrounding countries, the Russian job market has seen an increase in hiring rates over the last three months. At 6, Russia s recruitment level this quarter better reflects that seen at the end of 2011 although this is expected to fall marginally to 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. 6 37% 3 Turkey 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. This increase is less than the rise in employment however, indicating a modest growth in the Turkish employment market for July s Snapshot. 55% 57% Antal Global Snapshot Edition 12 - July/August 2012 Page 7

10 The local picture from The Middle East & Africa. Egypt 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 2 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%. 2 61% 75% 31% Qatar 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 to 37%. The following few months should bring better news however, with firing levels beginning to decrease once more to 35%. 76% 7 37% 35% Saudi Arabia 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 during the following quarter. 73% South Africa 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. On the other hand, job cuts for this country continue to remain relatively low, with firing rates currently standing at in line with the global average. Over the coming quarter this figure is predicted to fall to a low of just, indicating significant job stability for those already employed in South Africa for the near future. 57% United Arab Emirates 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 from March s total, indicating quite considerable turnover in this country s employment market at the present time. 54% 56% 34% Antal Global Snapshot Edition 12 - July/August 2012 Page 8

11 The local picture from Asia Pacific. Australia 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 1 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% 7 42% 46% China 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, giving China just slightly higher firing figures than the global average. 72% 72% 21% India 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 3 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. 55% 56% 23% 19% Japan 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. 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. 62% 65% Antal Global Snapshot Edition 12 - July/August 2012 Page 9

12 The local picture from Asia Pacific. Malaysia 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% 5 26% 23% New Zealand 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 and are expected to remain above 6 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. 63% 63% Pakistan 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 5. 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 3. 75% 5 42% 3 Philippines 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 5 and 3 respectively. 51% 5 42% 3 Antal Global Snapshot Edition 12 - July/August 2012 Page 10

13 The local picture from Asia Pacific. Singapore 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 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% South Korea The percentage of companies in South Korea hiring new managerial staff, or looking to do so over the next three months has remained above 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 2. This figure should remain more stable in the coming quarter though, indicating more job stability for those employed within the South Korean employment market. 53% 51% 2 2 Taiwan Hiring levels in Taiwan are among one of the highest for the region this quarter, with 7 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. 7 72% 26% 2 Antal Global Snapshot Edition 12 - July/August 2012 Page 11

14 The local picture from The Americas. Argentina 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% Brazil There is good news for those seeking managerial or professional positions in Brazil this quarter, with recruitment levels rising 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. 62% 55% 34% 35% Canada 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%. 73% 82% 31% 32% Antal Global Snapshot Edition 12 - July/August 2012 Page 12

15 The local picture from The Americas. Chile 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. This welcome decline is expected to continue as the year progresses, with firing rates falling again to 3. 55% 47% 3 Mexico The last three months have seen a remarkable boom in recruitment activity in Mexico, with employment figures leaping an impressive 3. 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 3 respectively. 74% 72% 31% 3 United States of America At 66%, the United States of America s hiring rates recovered substantially for this quarter s Snapshot. Recruitment levels have risen from just 4 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 2 should follow during the next quarter, giving the United States of America the lowest level of job cuts across the Americas. 66% 66% 31% 2 Antal Global Snapshot Edition 12 - July/August 2012 Page 13

16 Most active hiring sectors over the coming quarter Western Europe CEE & Eurasia Media 6 E-Commerce & Social Media 82% Technology - Hardware Technology - Software SSC/BPO Retail 56% 51% 49% SSC/BPO Fashion Technology - Software 79% 64% E-Commerce & Social Media 4 Security Services 64% Telecommunications 46% Media 63% Middle East Africa Property Automotive & Aerospace 8 81% Construction & Engineering Security Services Retail 79% 72% 71% FMCG 8 Telecommunications 7 Logistics 8 Technology - Software 7 Manufacturing 7 Banking FMCG Banking Property APAC Americas SSC/BPO 83% Legal 9 Fashion 82% Pharmaceuticals 84% Medical Luxury Goods 8 8 Electronics Construction & Engineering E-Commerce & Social Media 83% 8 7 FMCG 7 Energy - Oil & Gas 75% Chemicals 73% Property 75% Antal Global Snapshot Edition 12 - July/August 2012 Page 14

17 Detailed examination of the Western Europe Key Sectors GERMANY ACCOUNTANCY AGRICULTURE AUTOMOTIVE & AEROSPACE % 79% 5% 6% 37% 2 BANKING CHEMICALS CONSTRUCTION & ENGINEERING % 6% 6% 1 CONSUMER GOODS E-COMMERCE & SOCIAL MEDIA ELECTRONICS 7% 4% 3% 4 75% 46% 32% ENERGY - OIL & GAS ENERGY - RENEWABLES FMCG 2 56% 7% 47% 4 3% 4% 21% LEISURE LOGISTICS 2% 2% 19% 49% 7% 51% 71% Antal Global Snapshot Edition 12 - July/August 2012 Page 15

18 Detailed examination of the Western Europe Key Sectors GERMANY LUXURY GOODS MANUFACTURING MEDIA 5% 2% 44% MEDICAL PACKAGING PHARMACEUTICALS 39% 35% 21% 3 4% 2% 2 24% PROPERTY RETAIL SECURITY SERVICES % TECHNOLOGY - HARDWARE TECHNOLOGY - SOFTWARE TELECOMMUNICATIONS 55% 6 9% 53% 53% UTILITIES 6 6 Antal Global Snapshot Edition 12 - July/August 2012 Page 16

19 Detailed examination of the Western Europe Key Sectors ITALY ACCOUNTANCY AUTOMOTIVE & AEROSPACE BANKING 45% 64% 64% 41% 35% CHEMICALS CONSTRUCTION & ENGINEERING CONSUMER GOODS 42% % 46% 46% E-COMMERCE & SOCIAL MEDIA EDUCATION ELECTRONICS 64% 82% 57% 52% 57% ENERGY - OIL & GAS ENERGY - RENEWABLES FASHION 3 27% 26% 26% 35% % 19% FMCG INSURANCE 47% 44% 39% Antal Global Snapshot Edition 12 - July/August 2012 Page 17

20 Detailed examination of the Western Europe Key Sectors ITALY LEISURE LOGISTICS LUXURY GOODS 19% 52% 6% 53% 41% 6% 3% 55% 45% MANUFACTURING MEDIA MEDICAL 3 42% 47% % 39% 31% 19% PHARMACEUTICALS PROPERTY RETAIL 46% 32% 19% 3 49% 55% TECHNOLOGY - HARDWARE TECHNOLOGY - SOFTWARE TELECOMMUNICATIONS 57% 71% 19% 4 57% 56% 56% 61% UTILITIES Antal Global Snapshot Edition 12 - July/August 2012 Page 18

21 Detailed examination of the Western Europe Key Sectors NETHERLANDS ACCOUNTANCY AUTOMOTIVE & AEROSPACE BANKING % 57% 57% CHEMICALS CONSTRUCTION & ENGINEERING E-COMMERCE & SOCIAL MEDIA 39% 2 56% 44% 56% 44% 7 7 ELECTRONICS ENERGY - OIL & GAS FMCG 44% 56% INSURANCE LEISURE LOGISTICS 83% 53% 47% MANUFACTURING MEDICAL TECHNOLOGY - HARDWARE 21% 4 27% 6 46% 62% 31% 46% TECHNOLOGY - SOFTWARE TELECOMMUNICATIONS 16% 5 57% 75% Antal Global Snapshot Edition 12 - July/August 2012 Page 19

22 Detailed examination of the Western Europe Key Sectors SPAIN AGRICULTURE AUTOMOTIVE & AEROSPACE BANKING 2 CHEMICALS CONSTRUCTION & ENGINEERING CONSUMER GOODS 31% 27% 42% 42% 47% 35% 47% 41% E-COMMERCE & SOCIAL MEDIA ELECTRONICS ENERGY - OIL & GAS % 5% 16% 32% 32% ENERGY - RENEWABLES 26% 26% 4 FASHION 9% 9% FMCG 2 23% 3 LEGAL LEISURE LOGISTICS 16% 2 39% % Antal Global Snapshot Edition 12 - July/August 2012 Page 20

23 Detailed examination of the Western Europe Key Sectors SPAIN LUXURY GOODS MANUFACTURING MEDIA 10 37% 9% 27% 32% MEDICAL MINING PACKAGING 37% 3 3 PHARMACEUTICALS PROPERTY RETAIL 57% 39% TECHNOLOGY - HARDWARE 45% 3 TECHNOLOGY - SOFTWARE 3 TELECOMMUNICATIONS 3 4 UTILITIES VETERINARY 9% 9% 45% 35% Antal Global Snapshot Edition 12 - July/August 2012 Page 21

24 Detailed examination of the Western Europe Key Sectors UNITED KINGDOM ACCOUNTANCY AUTOMOTIVE & AEROSPACE BANKING 21% 63% CHEMICALS CONSTRUCTION & ENGINEERING E-COMMERCE & SOCIAL MEDIA 23% 63% ENERGY - OIL & GAS 35% FMCG 47% 42% 37% 37% LEISURE 69% 54% 3 31% LUXURY GOODS MANUFACTURING 75% 42% 31% 31% Antal Global Snapshot Edition 12 - July/August 2012 Page 22

25 Detailed examination of the Western Europe Key Sectors UNITED KINGDOM MEDIA MEDICAL PACKAGING 27% 27% 27% 55% 73% 75% PHARMACEUTICALS PROPERTY RETAIL 5% 76% 71% SECURITY SERVICES TECHNOLOGY - HARDWARE TECHNOLOGY - SOFTWARE 1 27% 3 42% 6 23% 2 53% 62% TELECOMMUNICATIONS 27% 55% Antal Global Snapshot Edition 12 - July/August 2012 Page 23

26 Detailed examination of the CEE Key Sectors BULGARIA ACCOUNTANCY AUTOMOTIVE & AEROSPACE BANKING % 41% 32% 71% 57% CONSTRUCTION & ENGINEERING FMCG LEISURE 42% 45% 64% 26% 37% 79% MANUFACTURING MEDIA MEDICAL 4 39% 1 81% 76% MINING PHARMACEUTICALS PROPERTY 21% 10 16% 8 TECHNOLOGY - SOFTWARE TELECOMMUNICATIONS % 39% 44% Antal Global Snapshot Edition 12 - July/August 2012 Page 24

27 Detailed examination of the CEE Key Sectors HUNGARY ACCOUNTANCY AUTOMOTIVE & AEROSPACE BANKING % 19% 59% 76% CONSTRUCTION & ENGINEERING E-COMMERCE & SOCIAL MEDIA ENERGY - OIL & GAS 6 FMCG LOGISTICS MANUFACTURING 16% 16% 32% 34% 34% MEDICAL PACKAGING PHARMACEUTICALS 44% 9% 45% RETAIL TECHNOLOGY - HARDWARE TECHNOLOGY - SOFTWARE 21% 21% 41% 5 24% 47% TELECOMMUNICATIONS 44% 39% 2 39% Antal Global Snapshot Edition 12 - July/August 2012 Page 25

28 Detailed examination of the CEE Key Sectors POLAND ACCOUNTANCY AUTOMOTIVE & AEROSPACE BANKING 26% 54% 59% 1 9% 45% 61% 2 23% 6 59% CHEMICALS CONSTRUCTION & ENGINEERING E-COMMERCE & SOCIAL MEDIA 9% 35% 4 65% 4 37% 23% 95% 86% ELECTRONICS ENERGY - OIL & GAS ENERGY - RENEWABLES 24% 16% 42% 9% 9% 45% 45% 47% 47% FMCG INSURANCE LEGAL 19% 41% 57% 61% 62% 46% 46% 6 7 LOGISTICS 65% 6 Antal Global Snapshot Edition 12 - July/August 2012 Page 26

29 Detailed examination of the CEE Key Sectors POLAND MANUFACTURING MEDIA MEDICAL 4 37% 57% 65% 24% 16% 4 4 PACKAGING PHARMACEUTICALS PROPERTY 57% 45% 52% 46% 42% 26% 19% RETAIL SCC/BPO TECHNOLOGY - HARDWARE 37% 32% 2% 7 79% 6 5 TECHNOLOGY - SOFTWARE TELECOMMUNICATIONS UTILITIES 66% 66% 27% 57% 49% 9% 4 52% Antal Global Snapshot Edition 12 - July/August 2012 Page 27

30 Detailed examination of the CEE Key Sectors ROMANIA ACCOUNTANCY AUTOMOTIVE & AEROSPACE BANKING 53% 4 47% % 53% CHEMICALS CONSTRUCTION & ENGINEERING CONSUMER GOODS % 41% 44% 9% 45% ENERGY - OIL & GAS FMCG LOGISTICS 23% 31% 54% 62% 37% 3 6% 56% MANUFACTURING 41% 56% 26% 35% MEDICAL PACKAGING 21% PHARMACEUTICALS TECHNOLOGY - SOFTWARE 21% 79% 71% 5 Antal Global Snapshot Edition 12 - July/August 2012 Page 28

31 Detailed examination of the Middle East & Africa Key Sectors UNITED ARAB EMIRATES ACCOUNTANCY 35% 45% AUTOMOTIVE & AEROSPACE 42% 32% BANKING 5% 37% CHEMICALS CONSTRUCTION & ENGINEERING ENERGY - OIL & GAS % 71% 32% 9 8 LEISURE LOGISTICS MANUFACTURING 1 21% 21% 3 75% MEDIA MEDICAL PROPERTY 32% % 89% 93% 23% 45% 55% RETAIL TECHNOLOGY - HARDWARE TECHNOLOGY - SOFTWARE % Antal Global Snapshot Edition 12 - July/August 2012 Page 29

32 Detailed examination of the Middle East & Africa Key Sectors SOUTH AFRICA AGRICULTURE AUTOMOTIVE & AEROSPACE BANKING 4 6 4% 4% CHEMICALS CONSTRUCTION & ENGINEERING CONSUMER GOODS 74% 79% % ENERGY - OIL & GAS FASHION FMCG 21% 9% 37% 56% 44% 61% LEGAL LEISURE Antal Global Snapshot Edition 12 - July/August 2012 Page 30

33 Detailed examination of the Middle East & Africa Key Sectors SOUTH AFRICA LOGISTICS LUXURY GOODS MANUFACTURING 7% % 4 3 MEDICAL MINING PHARMACEUTICALS 10 71% 9% 4% 53% 61% 37% 49% RETAIL SECURITY SERVICES TECHNOLOGY - HARDWARE 86% 71% 16% 6% 84% 72% 51% 76% TECHNOLOGY - SOFTWARE TELECOMMUNICATIONS 3% 5% 4 7 5% 65% 72% Antal Global Snapshot Edition 12 - July/August 2012 Page 33

34 Detailed examination of the APAC Key Sectors CHINA ACCOUNTANCY AGRICULTURE AUTOMOTIVE & AEROSPACE % 72% 19% 74% 74% 73% 76% BANKING CHEMICALS CONSTRUCTION & ENGINEERING 1 49% 51% % 75% 26% 26% 61% 59% CONSUMER GOODS E-COMMERCE & SOCIAL MEDIA EDUCATION 21% 7 65% 37% 42% 6 73% 24% 66% 61% ELECTRONICS ENERGY - OIL & GAS ENERGY - RENEWABLES 16% 16% % 24% 26% 61% 64% FASHION FMCG INSURANCE 19% 79% 84% 21% 81% 8 76% 66% 56% 57% LEGAL LEISURE 19% 27% 51% 53% 31% 64% 63% Antal Global Snapshot Edition 12 - July/August 2012 Page 32

35 Detailed examination of the APAC Key Sectors CHINA LOGISTICS LUXURY GOODS MANUFACTURING 23% 35% 62% 53% 24% 24% 86% 8 71% 73% MEDIA MEDICAL MINING 71% 72% 84% 83% 23% 19% 7 73% PACKAGING PHARMACEUTICALS PROPERTY 19% 24% 6 69% % 31% 59% 74% PUBLIC SECTOR (GOVERNMENTAL) RETAIL SECURITY SERVICES % 45% 26% 23% 63% 64% 3 81% TECHNOLOGY - HARDWARE TECHNOLOGY - SOFTWARE TELECOMMUNICATIONS 27% 6 66% 27% 27% 63% 63% 26% % UTILITIES 31% 62% Antal Global Snapshot Edition 12 - July/August 2012 Page 33

36 Detailed examination of the APAC Key Sectors INDIA ACCOUNTANCY AGRICULTURE AUTOMOTIVE & AEROSPACE 26% 23% 77% 66% % BANKING CHEMICALS CONSTRUCTION & ENGINEERING 42% 27% 44% 72% 64% 21% 62% 64% CONSUMER GOODS E-COMMERCE & SOCIAL MEDIA EDUCATION 32% 62% 72% 27% ELECTRONICS ENERGY - OIL & GAS ENERGY - RENEWABLES 79% 71% 4 65% 65% 23% 23% 54% FASHION FMCG INSURANCE 10 75% 73% 82% Antal Global Snapshot Edition 12 - July/August 2012 Page 34

37 Detailed examination of the APAC Key Sectors INDIA LEISURE LOGISTICS LUXURY GOODS 23% 63% 66% 5 7 MANUFACTURING MEDIA MEDICAL 21% 61% % 4 37% 71% 72% MINING PACKAGING PHARMACEUTICALS 75% 69% 64% 82% 31% 26% 6 6 PROPERTY RETAIL TECHNOLOGY - HARDWARE 7% 51% 64% 54% 5 31% TECHNOLOGY - SOFTWARE TELECOMMUNICATIONS UTILITIES 16% 19% 53% 59% 46% 34% 34% 3 45% 4 Antal Global Snapshot Edition 12 - July/August 2012 Page 35

38 Detailed examination of the APAC Key Sectors PHILIPPINES ACCOUNTANCY BANKING CONSUMER GOODS 5 42% 55% 71% 57% 71% EDUCATION ENERGY - OIL & GAS LEISURE 44% 3 75% LOGISTICS MANUFACTURING MEDIA % MEDICAL PHARMACEUTICALS PROPERTY 42% % 44% 56% PUBLIC SECTOR (GOVERNMENTAL) 64% 73% 55% 45% RETAIL 3 63% 8 SSC/BPO 54% % TECHNOLOGY - HARDWARE TECHNOLOGY - SOFTWARE TELECOMMUNICATIONS 44% 56% 56% 46% 46% 39% 41% 53% 59% 76% Antal Global Snapshot Edition 12 - July/August 2012 Page 36

39 Detailed examination of the APAC Key Sectors SINGAPORE ACCOUNTANCY AUTOMOTIVE & AEROSPACE BANKING 27% 4 9% 27% 45% 19% 7% CHEMICALS CONSUMER GOODS ENERGY - OIL & GAS 7% 7% 73% 32% 24% 72% 6 FMCG LEISURE LOGISTICS 1 66% 55% 55% 31% 77% 69% MANUFACTURING MEDIA MEDICAL 44% 56% 3 63% 56% 56% PHARMACEUTICALS TECHNOLOGY - HARDWARE TECHNOLOGY - SOFTWARE 46% 45% 63% 75% Antal Global Snapshot Edition 12 - July/August 2012 Page 37

40 Disciplines and Functions Expecting to HIRE over the coming quarter Western Europe CEE 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% 6% 2% 6% 9% 37% 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% 5% 3% 2% 7% 4% 7% 5% 37% Middle East Africa 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 1 4% 4% 16% 1% 26% 23% 2% 21% 2% 35% 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 6% 1 1% 5% 3% 1% 5% 3% 1 4% 3 APAC Americas 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 6% 2% 2% 3% 5% 9% 4% 21% 7% 42% 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 3% 3% 5% 5% 19% 7% 16% 1 31% Antal Global Snapshot Edition 12 - July/August 2012 Page 38

41 Disciplines and Functions Expecting to FIRE over the coming quarter Western Europe CEE 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 19% 2% 4% 5% 7% 5% 7% 19% 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 7% 9% 5% 7% 5% 23% 3% 27% Middle East Africa 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% 6% 1 2% 16% 1 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 7% 23% 2% 6% 2% 9% 6% 2% 16% 9% 2% APAC Americas 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 9% 7% 4% 3% 4% 3% 4% 5% 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 7% 3% 1 6% 3% 5% 5% Antal Global Snapshot Edition 12 - July/August 2012 Page 39

42 Worldwide Growth by Regions - Q Currently Hiring Hiring in the next 3 months Americas 7 Americas 7 APAC 65% Middle East 6 Middle East 57% APAC 65% Central, Eastern Europe 54% Africa 57% Africa 51% Central, Eastern Europe 52% Western Europe Western Europe 26% Currently Firing Hiring in the next 3 months Middle East 37% Americas 27% Americas 2 Middle East 27% APAC 23% Central, Eastern Europe 21% Central, Eastern Europe APAC Africa 19% Africa Western Europe Western Europe 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. Antal Global Snapshot Edition 12 - July/August 2012 Page 40

43 The Current Worldwide Picture - Q Countries currently hiring 10-71% Iceland - 94% Israel - 8 Qatar - 76% Denmark, Pakistan - 75% Mexico - 74% Canada, Saudi Arabia - 73% China - 72% 7-61% Taiwan - 7 Russia - 6 New Zealand - USA - 66% Australia - 64% Bulgaria, Ireland - 63% Brazil, Japan - 62% Finland - 61% 6-51% Norway - 6 Argentina - 59% Poland, Sweden, Switzerland - 5 Luxembourg - 57% Malta - 56% Chile, Czech Republic, India, Netherlands, Turkey - 55% Belgium, UAE - 54% Croatia, Romania, South Korea - 53% France - 52% Malaysia, Philippines - 51% Below South Africa - Austria, UK - 49% Singapore - 45% Italy - Portugal - 37% Spain - 34% Greece - Egypt - 2 Germany - 27% Hungary - 24% Global Snapshot - The Worldwide Picture - 51% - 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 3 of companies were hiring. Antal Global Snapshot Edition 12 - July/August 2012 Page 41

44 The Worldwide Outlook - Q Countries expecting to hire in the coming quarter 10-61% Iceland - 9 Canada - 82% Qatar - 7 Denmark - 74% China, Israel, Mexico, Taiwan - 72% Australia - 7 Russia, Saudi Arabia - USA - 66% Japan - 65% Croatia, Ireland, New Zealand - 63% Egypt - 61% 6-51% Malaysia, Pakistan, Philippines - 5 Czech Republic, South Africa, Turkey - 57% India, Norway, Sweden, UAE - 56% Brazil - 55% France, Poland - 53% Romania, South Korea - 51% - 41% Bulgaria - Finland, Netherlands, Singapore - 49% Switzerland, UK - 4 Chile, Greece - 47% Belgium - 46% Argentina, Austria, Malta - 44% Italy, Luxembourg - 4 and less Hungary - Portugal - 31% Spain - 3 Germany - Global Snapshot - The Worldwide Picture - 49% - 16% Sectors hiring in the next 3 months SSC/BPO 7 Luxury Goods 71% Media E-Commerce & Social Media 66% Agriculture 63% Pharmaceuticals 62% Property, Security Services 61% Public Sector (Governmental) 6 Mining 59% Accountancy, Chemicals, Technology - Hardware, Technology - Software 5 Education, Legal, Telecommunications, Utilities 57% Energy - Oil & Gas 54% Insurance 52% FMCG, Logistics, Retail 51% Energy - Renewables, Fashion, Packaging Construction & Engineering, Leisure 4 Consumer Goods 45% Banking 44% Electronics 42% Automotive & Aerospace 41% Veterinary 4 Manufacturing 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. Antal Global Snapshot Edition 12 - July/August 2012 Page 42

45 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 to, 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 longterm casualty of the financial meltdown of 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 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 Snapshot@antal.com or your local Antal office - see for more details. Natasha Lane Antal International 64 Baker Street London, W1U 7GB Tel: +44 (0) Fax: +44 (0) Snapshot@antal.com Antal Global Snapshot Edition 12 - July/August 2012 Page 43