Recruitment trends from around the world

Brazil
• War for talent continues: retention strategies remain a critical focal point
• Emerging third sector--companies focused on social inclusion

China
• Fast growth market, but major talent shortages
• Developing media marketplace

Denmark
• Unemployment is going down
• Current youth generation small, so recruitment competition is fierce 
• Retirement age continues to decrease

France
• A mature industry: e-strategies + campus events + employer branding
• Increasingly difficult to attract graduates (especially from IT/business schools)
• Very competitive market

Germany
• Equal opportunities increasing (new European anti-discrimination law)
• Print advertising recovering, employer branding increasingly important
• Industry is moving towards low-cost countries
• War for talent continues: older generation leaving, younger generation continues to get smaller
• Lack of qualified engineers

Hong Kong
• A well established recruitment advertising market
• Still on rebound from economic recession
• Unemployment rates remain high, but decreasing

Hungary
• Rise in salary rates (especially in Budapest, where salary levels already 80% of Western equivalents)
• Due to salary inflation, low-cost oriented industries are leaving in favor of Romania, Bulgaria and Ukraine

India
• Availability of qualified tech talent pool continues to increase
• Quality and delivery capabilities have been enhanced, leading to increased outsourcing
• Rise in competitiveness has lead to increasing awareness/implementation of best practices
• War for talent continues: technology, learning opportunities, career growth, compensation are key drivers in candidate job shifts

Malaysia
• Market recovering from economic recession
• Major technology base

Spain
• An abundance of local markets: small- to medium-size companies
• International companies (Coca-Cola, Unilever, PwC, Accenture, IBM, Microsoft) implementing full employer branding strategies to attract graduates

Singapore
• Increasingly active market
• Still recovering from economic recession
• Large bio-tech and technology base

Taiwan
• Heavy print recruitment advertising market (China Times), as well as some online
• Talent shortages being felt in service and technology sectors

The Netherlands
• Market still recovering
• Greatest current demand: ICT and financial professionals
• Shortage of new graduates and high numbers of retiring people likely to appear within the next 5-10 years

United Kingdom
• Nearly full employment means fewer people interested in lower level jobs
• Outsourcing to territories like India still seen as an option, although flow has decreased
• Key target groups of the future: women and ethnic minorities

United States & Canada
• Emerging employment challenge: dissatisfied workers
• Workforce diversity becoming increasingly imperative to success
• War for talent on the horizon: by 2010, there will be 10 million more jobs than people available to fill them