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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.
“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.”
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:
India – 81%
Brazil – 80%
China – 67%
Russia – 63%
U.S. – 62%
U.K. – 50%
Germany – 45%
France – 38%
Japan – 34%
Italy – 25%
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.
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 of employers will add new jobs this year.
Baby Boomers' Nightmare: Too young to retire, too old to start over. Or at least that’s their bad dream. Comfortable jobs with comfortable salaries are scarce, after all. Almost overnight, skills honed over a lifetime seem tired, passé.
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