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Resource Central’s client-led Market Insight Reports are continually casting the most revealing of light on in-depth recruiting activity in key European Markets. Our team of multi-lingual Researchers pull deep data from a wide range of sources – and in this blog we explore who’s recruiting who in Europe, country by country, in January 2016.
A country with government-acknowledged infrastructure issues and some fundamental decisions to make around welfare and pension provision – and the size of the public sector in terms of job creation. Despite that, and enduring perhaps the deepest recession experienced by the major Western economies, 47% of French companies are planning to hire ‘Now’, with a further 43% looking to make that investment in Q2 2016. The major growth areas are Banking and Legal services, with Digital Technology and Engineering both showing strong double-digit growth too.
Despite scare-mongering headlines at the tail end of 2015, the powerhouse economy of Europe drives on: with 53% of companies hiring in the next three months and 46% in the next quarter. The most striking aspect of the German talent market is the sheer number and diversity of SME’s, which underpin the whole ‘German system’. Simply put, Germany is booming, with skill shortages reported everywhere and the main hiring Sectors being Packaging (90%), Banking (86%), Retail (79%) and Logistics (75%).
After a long and tough downturn, Holland is recovering and will do so throughout 2016/17. Active hiring is being undertaken right now by 79% of Dutch-based companies; with the same number (79%) planning to do so in the next quarter. The IT sector leads the way, with Energy and Food Services also showing strong growth.
The economy remains in A&E and doubts still linger in some quarters about continued membership of the Eurozone. BUT … 35% of Italian companies are hiring in Q1 2016 and 34% plan to do so in the next quarter – with Accounting, IT, Hospitality and the Security Sector all showing strong recruiting demand.
An economy that escaped some of the worst of the 2008 crisis, characterised by a relatively high percentage of private companies and family enterprises, is now building in confidence. 47% of companies are planning to hire in the next three months – and an impressive 60% in Q2.
The most high-profile economic crash outside Greece may finally be in recovery, with an impressive 54% looking to hire now and a similar figure planned for the next quarter. Manufacturing (including Automotive) leads the upward curve. Unfortunately, the number of companies looking to make redundancies remains high at 32% – so the positive sentiment is patchy and fragile.
The German-speaking DACH Region is very much the powerhouse of recruiting in Europe. Like Austria and Germany, Switzerland continues to grow strongly in all sectors, with 70% of companies hiring now, 69% planning to do so in the next quarter – and redundancies at an all-time low.
EU citizenship has been far less disruptive than anticipated, with the Bulgarian economy experiencing strong growth and much less outwards migration compared to countries such as Romania. The demand for Talent has grown significantly for the eight successive quarter, with 61% of Bulgarian companies hiring in Q1 and 47% planning to do so in Q2.
This country of 10m people continues to out-punch its weight, with 63% of Czech companies recruiting in Q1 and an even more impressive 71% growing in the next quarter. Particularly significant expansion will be seen in the Banking, FMCG, IT, Manufacturing and Healthcare sectors.
The Hungarian economy remains somewhat in a torpor and this shows little sign of changing soon. Debate still rages about EU membership and ‘uncertainty’ is the watchword. 31% of Hungarian countries are hiring now and 37% are planning to do so in the next quarter, which very much reflects the political instability and fragile nature of the economy.
With a large, highly-educated and multi-lingual population, combined with a well-established transport infrastructure in all major cities, it’s perhaps little surprise that the Polish recruiting market continues to power ahead. 71% of Polish firms are hiring in the next 3 months, with 68% planning to do so in the next quarter – significantly so in Utilities, Shared Service Centre’s/BPO, Fashion and IT.
The Slovakian talent markets show confident growth across all sectors, with 61% of companies planning to recruit in Q1 – and 47% are looking to invest in the next quarter. As hiring confidence has grown, equally positive news comes from the decline in companies expecting to let people go, which has dropped from 53% to just 26%.
Even in light of the China stock market fall, the European Talent Markets (in most countries) show steady or significant growth as confidence in domestic policies and export markets remains relatively high. Salary inflation is beginning to become noticeable in Bulgaria, Czech Republic and Poland – but the latter two countries (similarly to the DACH Region) has a deep stability founded on diverse economies, excellent education systems and an exceptional quality standard. We are working with clients to recruit in most of the countries above – and please feel free to contact me on firstname.lastname@example.org for more information.
Resource Central is a unique people engagement and resourcing solutions service firm. Created from the focus and desire of its founders. We are all experts from the Job Board, HR Communications and Recruiting industry, bringing a wealth of expertise and knowledge of specialist and large corporate campaign hiring projects across the recruiting markets of Europe.
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