21/02/2013

IDG Connect Dan Swinhoe (Global) - Growth of Professional Jobs in Emerging Markets

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Dan Swinhoe (Global) - Growth of Professional Jobs in Emerging Markets

Posted b y Dan Swinhoe Company IDG Connect 02/22/2013

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What you're Saying Jacqui Taylor (Global) - Bursting the IT Legacy

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Since 2008, Europe and North America's employment levels have dropped faster than Felix Baumgartner. Even the merest hint that unemployment have levelled off is heralded as good news in the majority of countries. Meanwhile, while the West languishes, in certain emerging markets companies are clamouring to hire professionals. Antal International's employment survey for January 2013 paints an interesting figure. Since the last glob al snapshot' in April, the percentage of companies in the Middle East and Africa has soared from 10% to 55%. Likewise, APAC and Eastern Europe/Eurasia have seen a massive jump in companies planning to hire in the next few months. The percentage of companies hiring right now isn't quite as high, and has actually fallen in the last year, from 55% to 47%, b ut certain countries are still ripe for professionals looking for work. Africa especially is on the up; Botswana has the highest percentage of firms hiring- 82%- while Nigeria (70%), Ghana (68%), Algeria (57%) and Mozamb ique (55%) all have a majority of companies looking to hire. In Asia, the Philippines is the place to b e for the b udding professional with 71% of companies hiring. India, however, falls in line the glob al average while China has contracted from 72% to 59%. Latin America also underwhelms with average hiring levels. It seems as the BRICS slow down, their hiring levels are also levelling off. But as other, smaller markets look to grow, there's a real opportunity for professionals- - especially those in the technology hardware industry. This rise in African professional hiring may b e due to a high level of confidence in African CEOs - according to PwC's Glob al CEO Survey, 95% are confident long-term ab out growing their b usinesses on the continent in the next three years. There are possib le dangers however. The availab ility of key skills is already a key concern for the majority of African CEOs, while efforts to attract executives from Europe have struggled. South Africa doesn't fare quite as well as other African on the hiring front (47%), yet suffers an under-24 unemployment rate hovering around 50%. We've already written a lot ab out the skills shortage in South Africa, and there is the danger that it could also happen in other African countries. SA's skills shortage means companies have a chronic need for professionals, and are willing to pay through the

Fernando de Sousa (Africa) Lessons from Emerging Markets

Even though, Africa might b e a new emerging opportunity! Measured b y human assets, then Africa's ab ility as a Country to advance, then there needs to b e;... Daniel 02-17-2013

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nose for them; many are commanding salaries on par with their European counterparts. Companies poaching their rival's' employees with offers of more money are also commonplace, meaning workers often jump ship, and fail to gain any kind of long- term experience and growth within one company. Offering extra b enefits such as flexib le work hours, gym memb erships and rewards for long service are b ecoming more common as efforts to retain staff increase. Some companies in SA are offering job s to foreign professionals to fill the gap, often from India. While the glob al job market is still volatile and varies widely across different regions, companies are less like to fire anyb ody in the coming months than they were this time a year ago, which shows more stab ility than previously seen in recent years. So whether you plan to move to Botswana or not, the job market is looking slightly b righter.

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