recruitment marketplace
A great asset for any HR professional is to be multilingual
and have international HR experience; these capabilities are in demand. But
when it comes to recruitment, hiring trends can differ greatly by region. We
explore the current global recruitment marketplace and discuss what HR skills
are needed in each area.
Middle East
There is fast-paced growth in the Middle East because of the
investment in infrastructure from the government and multinational
organisations taking advantage of growth opportunities in the developing
market.
When it comes to human resources, there is a strange
combination of admin-focused HR departments and modern HR teams who are much
more strategic. While commercial focus is an increasing priority for many
companies, resulting in a growing need for HR business partner expatriates, the
biggest challenge for the Middle East is to educate developing businesses about
the importance of a commercial and business focus for HR.
Asia Pacific
In Hong Kong, strategic-level HR is in demand, as are talent
and employee development professionals because employee retention is a key
focus for many companies. China is expected to have an onslaught of new HR
roles since functions are being centralised in head offices. There is also an
emphasis on hiring and retaining talent as a means to grow business. New roles
in Japan will be to fulfil immediate business needs.
Singapore
Singapore's HR revolution is being led by the healthcare,
telecommunication, and pharmaceutical industries. There is a focused effort to
move functions in-house in the name of cost efficiency, and staff retention is
becoming a significant issue; because of this, sectors are seeing an insurgence
of HR expats.
Australia
Having just reached a seven-year peak in the industrial
sector, there's a market shortage in industrial relations and retention. Companies
have been forced into competition because the pool of professionals is limited.
Europe
With the overshadowing Euro problems, it's no surprise that
the European recruitment market is mixed. France is currently avoiding risk
since it is expecting taxation changes later on this year, while Germany is
investing in upgrading the skills of HR departments (mostly business partners)
and recruiting new employees. Netherlands and Belgium are developing their
business in the Far East and Middle East. Spain, Greece, Italy, and Portugal
have been inactive in the recruitment market and are expected to stay this way
for the moment.
UK
Replacement roles make up the most permanent hires, and
there's been a lot of recruitment for mid-level positions on the interim market
for fixed-term contracts in human resources.
The industry is shifting attention to e-commerce due to
increased consumer use of online services. As a result of the commerce sector's
actions to minimise operations costs, IT services and outsourcing continue to
grow.
A period of 6-month unemployment in HR is rare since the
market is mature and experienced practitioners are consistently sought-after.
The focus on finding the ideal HR candidate has resulted in a longer
recruitment process since some specific skills are hard to come by; in the
financial sector, there's an overall skills shortage for the available jobs in
HR. Companies are holding out to find the perfect person and want candidates
who can tick all of the boxes.
What HR skills are in demand?
Singapore:
Cost efficiency is the focus in this area. Each role has to
be worth its weight, which has led to an increase of generalist business
partners and in-house roles being created.
It's likely that benefits specialists and business partners
will be in demand for the rest of the year. Permanent positions may be hard to
come by, which could be good news for HR contractors.
Hong Kong:
At the moment, companies in Hong Kong are looking to recruit
at senior level for presidents and directors while keeping their eyes open for
HR professionals with strategic business skills.
Remuneration packages and benefits policies are a big focus,
so there's a demand for compensation and benefits specialists. Those with
global experience are sought-after too, since employers are creating
restructuring packages to attract employees to Hong Kong, or for internal
talent so they can explore different options abroad.
Middle East:
The Middle East HR market is thinking about business on a
global scale, so many companies are looking for people who can create
up-to-date HR departments that have commercial and strategic value.
professionals due to nationalisation targets.
In the past 5 years, the focus has been on recruiting
outside the area (bringing in expats) in order to raise the bar of HR, and make
the function a driver of business. While there's opportunity for those who
don't speak Arabic, those who want success should be specialists with expertise
in their area.
Australia:
The HR focus in Australia is in the public sector because
Occupational Health & Safety (OHS) legislation is changing and
standardising around the country. This requires HR consultants, advisors,
managers and case managers. New financial budgets will create opportunities for
change managers as well; projects that were once postponed are now back on.
UK:
The hiring strategy for many companies in the UK is to get
the highest return on investment (ROI) for their budget because of the constant
gloomy news from the financial district. Because of this, the HR recruitment
market is thriving. lLearning and development talent is in demand, which shows
us that companies recognise the importance of investing in their staff. HR
generalists with a strong background in risk management/commercial roles are
also desired.
There's been a need for people to address business issues,
and because of this, companies are looking to hire experts in organisational
development, remuneration & benefits.
Search and apply for the latest HR Jobs today with
Changeboard.
Comments
Post a Comment