Business Trends

Global Hiring Momentum to Continue in 2013, by Ferguson Partners Ltd

File Type: Free Content, Article
Release Date: February 2013
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Approximately 64 percent of corporate leaders are increasing their global headcount, still rebuilding at the junior and middle-management levels, according to a survey by Ferguson Partners Ltd. The survey, which gathered the opinions of approximately 100 C-Suite Executives in the world’s largest international firms, found that hiring demand is forecasted to be most robust in North America. 

Furthermore, Europe is starting to rebound as firms position themselves to take advantage of buying distressed assets.

Respondents were asked to indicate their anticipated hiring needs by geographic location, by function and by management level.

The most revealing global findings indicate that:

Europe is rebounding. The hiring forecast for Europe is much more robust in 2013 compared to 2012.  In 2013, 59 percent of respondents said they would increase their workforce in Europe, putting Europe in the number two spot behind North America.  Compare this to 2012, when only 39 percent of respondents said they would increase hiring in Europe.

 Executive hiring is on an upswing.  While all firms increasing headcount said they would add employees at the junior level, 17 percent reported they would add executives in 2013, more than a 100 percent increase from 2012. The dramatic growth may indicate more confidence in the economy as major firms focus on succession planning, replace underperforming executives and hire leaders to launch new business.

China is leading Asia in hiring. Nearly three-quarters of respondents (71 percent) said they were increasing headcounts in China, which could be a positive sign of overall demand and future growth in Asia.