Philippines Posts Highest Level of Recruitment Activity in Asia-Pacific

A regular international survey of almost 17,000 organisations in over 50 countries has found that job markets for professionals and managers around the world appear to be relatively stable.

 

The ‘Global Snapshot’ project from the multi-national recruitment firm, Antal International, asked 16,832 companies in major markets such as western and eastern Europe, Africa, India, China and the USA whether they were currently hiring at professional and managerial level.

 

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.

 

Hiring levels across the globe continue to fall steadily with 47% of respondents recruiting at professional and managerial level in comparison to 51% in the last survey in August and 55% April 2012. Close to half (46%) of organisations questioned intended to hire in the coming quarter.

 

However, the actual percentage of companies shedding staff has dropped from 18% in August to 16% now and this is expected to remain unchanged over the next three months.

 

In Asia-Pacific, the Philippines recorded the highest level of recruitment activity in the region with 71% of organisations currently hiring, while activity in China has contracted from 72% to 59% since last August’s survey. In India the percentage of organisations increasing headcount had also fallen, from 62% to 40%.

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