Mixed predictions on the global economic outlook

Employer opinions vary on the strength of the global economic recovery, according to the latest Michael Page Employment Index.

While 41% of companies surveyed do not believe that a global double dip recession is likely, a further 29% predict that such an event is quite likely. This varied response suggests that a degree of uncertainty remains with respect to the strength of the global economic recovery.

General hiring activity continues to rise, with 36% of companies expecting to raise staff levels in August, an increase of 9% since May 2010. Half of the companies surveyed intend to maintain existing levels, with 9% anticipating a decrease in staff.

Of the companies recruiting new staff in August, 44% are recruiting for front line positions in areas such as sales and account management. Some 23% are hiring for operational functions like purchasing and supply chain, whilst 22% are increasing their back office capabilities across areas such as accounting and marketing.

The majority of companies plan to hire mid-level professionals (43%) followed by juniors (31%). Most of this recruitment will be on a permanent basis (76%).

For 37% of companies surveyed, front line skills are the most difficult to recruit in the current market. Professionals with relevant management skills were the next most difficult to recruit (30%), followed by operational skills (15%) and back office skills (11%).

 

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