CareerBuilder Releases 2013 Job Forecast for the 10 Largest Global Economies

 CareerBuilder Releases 2013 Job Forecast for the 10 Largest Global Economies

PR Newswire

CHICAGO, Jan. 16, 2013

CHICAGO, Jan. 16, 2013 /PRNewswire/ --CareerBuilder's first annual job
forecast for the 10 largest world economies tells a tale of both confidence
and caution. Brazil and India are voicing the greatest confidence with more
than two-thirds of employers in these markets planning to add full-time,
permanent headcount in 2013. Italy is the least optimistic, housing more
employers who expect to decrease staff than those who expect to hire. 

Full Report:

"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 countries (Brazil, Russia, India and China) 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."

The survey, conducted by Harris Interactive^© from November 1 to November 30,
2012, included more than 6,000 hiring managers in countries with the largest
gross domestic product.

Current Financial Position

More than 60 percent of employers in the U.S. and BRIC countries reported that
their company's financial position is stronger compared to this time last
year. Companies in Italy and Japan were the most likely to report that their
financial situation has stayed the same or worsened.

Number of Employers Who Are in a Better Financial Position Than One Year Ago:

  oIndia – 81%
  oBrazil – 80%
  oChina – 67%
  oRussia – 63%
  oU.S. – 62%
  oU.K. – 50%
  oGermany – 45%
  oFrance – 38%
  oJapan – 34%
  oItaly – 25%

Full-time, Permanent Hiring in 2013

Emerging economies are the most aggressive in terms of hiring plans despite a
slowing in economic expansion. Brazil houses the largest percentage of
employers adding headcount (71 percent), in part influenced by plans to host
the upcoming World Cup and Summer Olympics and a better performing
manufacturing sector. Although impacted by weakened trade and market demand,
China's and India's GDP have grown at a rate that far outstrips the rest of
the world's major economies. More than half of employers in China and
two-thirds in India plan to hire in 2013. Russia has hit record low
unemployment and still benefits from metals and energy exports despite a fall
off in demand in China and Europe. There is also a more aggressive push for
high tech investments. Nearly half of Russian employers plan to add jobs.

European nations continue to battle another recession. The global decline
further exacerbated the effects of austerity measures designed to manage down
debt. One-third of Italian employers (33 percent) expect to downsize staffs,
the highest of the top 10 economies. Hiring activity in France is expected to
be flat with nearly one in four employers planning to add or decrease
headcount. While 30 percent of U.K. employers plan to hire, 21 percent are
anticipating a decline for a net increase of only 9 percent adding jobs.
Germany, which has been somewhat insulated from the crisis but not immune, is
more optimistic with nearly three in 10 employers planning to hire and 15
percent expecting a decline.

In the U.S., concerns over the fiscal cliff during the time of the survey may
have resulted in more conservative predictions, but hiring activity has been
on a gradual upward trajectory. Twenty-six percent will add new jobs this

Rounding out the top economies, Japan continues to work to resuscitate
business investment and consumer spending after a devastating tsunami in
2011. While 22 percent of employers in Japan plan to increase staff, 19
percent expect to downsize.

  oBrazil – 71% increase, 5% decrease, 20% no change
  oIndia – 67% increase, 13% decrease, 17% no change
  oRussia – 48% increase, 15% decrease, 36% no change
  oChina – 52% increase, 27% decrease, 21% no change
  oU.S. – 26% increase, 9% decrease, 55% no change
  oGermany – 29% increase, 15% decrease, 53% no change
  oU.K. – 30% increase, 21% decrease, 46% no change
  oJapan – 22% increase, 19% decrease, 56% no change
  oFrance – 24% increase, 24% decrease, 48% no change
  oItaly – 19% increase, 33% decrease, 43% no change

*Remaining percentage is undecided.

Top Jobs for the New Year

Across major markets, employers are most likely to hire for positions that are
closely tied to revenue and innovation. Common themes of hiring in Sales,
Customer Service, Information Technology and Production came through in the
study, though it is notable that China was the only market that listed
Research & Development in its top three areas for recruitment.

When asked to identify the top areas their organizations will be hiring for,
employers pointed to: 

  oU.S. – Sales, Information Technology, Customer Service
  oChina – Sales, Research & Development, Production
  oJapan – Information Technology, Engineering, Customer Service
  oGermany – Information Technology, Sales, Production
  oFrance – Production, Sales, Information Technology (IT tied with Customer
  oU.K. – Sales, Administrative, Customer Service
  oBrazil – Customer Service, Information Technology, Administrative
  oItaly – Production, Sales, Administrative
  oRussia – Production, Customer Service, Engineering
  oIndia – Information Technology, Marketing, Customer Service

Survey Methodology

This survey was conducted online within the U.S., Brazil, China, France,
Germany, India, Italy, Japan, Russia and the U.K. by Harris Interactive^© on
behalf of CareerBuilder among hiring managers and human resource professionals
(employed full-time, not self-employed, non-government) between November 1 and
November 30, 2012 (percentages for some questions are based on a subset, based
on their responses to certain questions). With pure probability samples
ranging from 400 to 2,611, one could say with a 95 percent probability that
the overall results have a sampling error between +/- 4.9 and +/-1.92
percentage points. Sampling error for data from sub-samples is higher and

About CareerBuilder®

CareerBuilder is the global leader in human capital solutions, helping
companies target and attract their most important asset - their people. Its
online career site,®, is the largest in the United States
with more than 24 million unique visitors, 1 million jobs and 49 million
resumes. CareerBuilder works with the world's top employers, providing
resources for everything from employment branding and talent intelligence to
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Media Contact
Jennifer Grasz

SOURCE CareerBuilder

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