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EXECUTIVE JOBS IN EUROPE MARKET REPORT

International Recruiters anticipate continued jobs growth in 2013

JAN. 2013
 

A new survey from the International Recruitment and Employment Confederation confirms the positive employment outlook for 2013. According to the latest International Jobs Outlook, a survey of 600 international employers, the UK’s jobs market is set to continue on a trend of slow growth during 2013 with 99 per cent of employers saying they plan to either increase or maintain their permanent staff in 2013. The results are also positive for temporary staff with 88 per cent of employers planning to increase or maintain their temporary staff headcount in 2013.

The REC’s chief executive Kevin Green said:

“These are encouraging signs for jobs growth in 2013. Based on the feedback from both employers and recruiters it looks like employer confidence is genuinely bouncing back. Even though the wider international economic outlook may still be uncertain and growth forecasts have been revised downwards, the resilience of this country’s labour market cannot be in doubt. The flexibility within our labour market means that we have not been hit with the same difficulties as our International and European neighbours and we believe that job growth is set to continue in the New Year.”

Jobs Outlook International reports the responses of 600 employers questioned about their hiring intentions over the next quarter and the next year. Respondents are drawn from across the public, private and non-profit sector, and from across a range of industries and sizes of organisation.

December’s Jobs Outlook survey of employers reports that:
• 96 per cent said they plan to either increase (55 per cent) or maintain (41 per cent) their numbers of permanent staff over the next three months (a total increase of one per cent on last month).
• 99 per cent reported they intended to either increase (53 per cent) or maintain (46 per cent) their permanent headcount over the next 12 months (the total is the same as last month but sees a four per cent increase in the numbers planning to increase).
• 86 per cent plan to increase (30 per cent) or maintain (56 per cent) their use of agency worker numbers in the next quarter.
• 88 per cent say they will increase (26 per cent) or maintain (62 per cent) their use of agency workers over the next year. Only one in 25 employers plan to reduce permanent headcount in the first quarter of the New Year.
• Fewer than one in seven employers intend to cut back on temps in the first three months of 2013.

LONDON, June 2011- Small and medium-sized companies plan to step up hiring over the summer, a survey has found, raising the chances that private firms will make up for jobs lost due to the government's spending cuts.

The seasonally adjusted employment outlook, based on a survey of some 2,000+ employers in the UK, rose to 3 percent for the third quarter, up from 2 percent for the three months from April to June and hitting its highest level since 2008.

The survey will be welcome news for the government after a string of weak economic data indicated that the economy was failing to pick up speed.

The government is banking heavily on private firms to provide enough jobs for the people made redundant as part of its severe spending cuts.

1st QTR 2011

An international job survey of 400 recruitment consultancies in February 2011 across the UK showed permanent staff vacancies rising at their fastest level in 10 months, while demand for temporary staff saw its biggest rise since May 2007.

The permanent staff placements index rose to 62.7 last month from 58.2 in January. The index remains way above the crucial 50 level, which separates contraction from growth.

Germany's labor market improved sharply in February 2011 and unemployment declined by much more than expected, owing to the country's solid economic upswing.

The European Commission, the EU's executive arm, said domestic demand would continue to bolster Germany's export dominance this year, so that "economic activity should continue to expand steadily, confirming the outlook for a broad-based recovery."

Ist Qtr 2008

UK executives are most likely to be looking to change jobs than executives elsewhere in Europe, according to an international survey. The survey found that 24 per cent of British executives were seriously considering moving to a new employer. This compared with 17 per cent of executives in Norway and Sweden, 14 per cent in France, 13 per cent in Spain, 12 per cent in Italy and just 10 per cent in Germany.

 

The reason is to be found in the strength of the UK executive employment market. A strong economy has added a lot of positions and executives feel confident when undertaking a job search. Figures released for executive hirings in October were the strongest for 2.5 years and this has pushed salary inflation upwards. Huge infrastructure projects such as Olympics 2012 and Heathrow T5 are fueling demand across many sectors.

 

Executives in France should however be feeling more confident about finding a new job. Unemployment hit a 5 year low on an improving economic outlook.

2005

At long last there has been a recovery in the European Executive job market. Overall demand for senior executives increased by around 6% across Euro zone. UK continues to move in an opposite direction and showed a slight weakening in 2005 albeit after the longest expansion in recent history. Spain, Ireland, Netherlands were resilient while France and Germany the giants of the executive market finally showed an upturn after many years of negative growth. Financial Services were strong with good bonuses seen at year end. Other strong sectors were IT, FMCG, Manufacturing, Construction, Oil&Gas and Business Services.

2002/2003 EXECUTIVE JOBS EUROPE REPORT

2003

Improving stock markets likely to lead to a gradual rebound in Financial services. UK economy remains above Euroland levels in terms of GDP and employment growth. Spanish economy performs relatively strongly with good demand across all sectors.

3rd Quarter 2002

Financial Services sector particularly in London is very weak. Year end bonuses will be rare with the press talking of "negative bonuses" i.e. no bonus and a pay cut. Some investment bankers used to past earnings of US$1Million+ have found job offers at base salary levels only at around US$200,000. Other sectors fairing better particularly for Business Development, International Sales & Marketing, IT and Financial positions.

UK, Spain and the Netherlands remain the bright spots. Germany and France are finding it difficult to generate new jobs as the economies slow. Ireland has softened due to the downturn in the hi-tech sector. Italy's export led economy is also holding back executive hiring as demand from international customers in Japan, USA and Germany for Italian goods slows.

The table below highlights a few of the senior positions in Europe uncovered by International Job Search in the quarter;

SENIOR CONSULTANT MANAGEMENT CONSULTING IRELAND US$150K
MARKETING DIRECTOR TELECOM EUROPE BASE US$200K++
V.P. TAXATION CONSUMER PRODUCTS SWITZERLAND US$200K
DIRECTOR EXECUTIVE SEARCH UK US$300K+
INTERIM e-PROJECT MGR. HI-TECH UK US$750/day
V.P. SALES FMCG RUSSIA US$150K
IN-HOUSE LEGAL FINANCIAL SERVICES ZURICH US$225K
FINANCIAL DIRECTOR TELECOM UK INTERNATIONAL ROLE US$300K+
IN-HOUSE COUNSEL BANKING JERSEY US$200K++
INTERNATIONAL BUSINESS DEVELOPMENT MANAGER PHARMA FRANCE US$125K+
PARTNER DESIGNATE BRAND NAME CONSULTING EUROPE US$750K+
PROJECT MANAGER COMMUNICATIONS CONSULTING SOUTHERN FRANCE US$200K
TESTING PROGRAMME MANAGER FINANCIAL SERVICES LONDON US$1,750/DAY