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Jan 16, 2013

Emerging economies most aggressive about hiring in 2013: Survey

Brazil, India most confident about boosting full-time staff
    
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Brazil and India have the greatest confidence when it comes to hiring — more than two-thirds of employers there plan to add full-time, permanent employees in 2013 — while Italy is the least optimistic, according to a CareerBuilder survey of more than 6,000 hiring managers in the 10 largest world economies.

“The job outlook presents varying degrees of growth and deceleration as governments and businesses strive to rebuild and expand and deal with large deficits,” said Matt Ferguson, CEO of CareerBuilder. “Hiring activity in the BRIC (Brazil, Russia, India and China) countries is projected to be significantly higher than other markets while recruitment in Europe remains sluggish as leaders struggle to resolve a debt crisis that has global implications. The overall hiring picture is improving, but companies will remain watchful as they navigate headwinds and maneuver through somewhat precarious economic terrain.”

Emerging economies are the most aggressive in terms of hiring plans, despite a slowing in economic expansion. Brazil (71 per cent) has the largest percentage of employers adding headcount, in part influenced by plans to host the upcoming World Cup and Summer Olympics and a better-performing manufacturing sector, said CareerBuilder.

Hiring plans

Country

Increase

Decrease

No change

Brazil

71%

5%

20%

India

67%

13%

17%

Russia

48%

15%

36%

China

52%

27%

21%

U.S.

26%

9%

55%

Germany

29%

15%

53%

U.K.

30%

21%

46%

Japan

22%

19%

56%

France

24%

24%

48%

Italy

19%

33%

43%

Financial positions

More than 60 per cent of employers in the United States and BRIC countries reported their company’s financial position is stronger compared to this time last year, said CareerBuilder. Companies in Italy and Japan were the most likely to report their financial situation has stayed the same or worsened.

Number of employers in a better financial position than one year ago:

• India – 81%

• Brazil – 80%

• China – 67%

• Russia – 63%

• U.S. – 62%

• U.K. – 50%

• Germany – 45%

• France – 38%

• Japan – 34%

• Italy – 25%

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