Germany shows positive results in global employment markets study
The Antal Global Snapshot is a survey that tracks hiring and firing trends in key employment markets across the globe. In their latest report, Germany showed strong results.
The 2014 Antal Global Snapshot shows stable results in Western Europe—and especially for the core market in Germany. Germany’s European neighbours are also improving. The study is conducted quarterly by the international recruitment agency Antal International, which has a network of 20 offices in Germany and 130 worldwide.
“Examining the results of the newest Antal Global Snapshot, it becomes clear Germany is still seen as an attractive market to invest in by foreign companies,” explains Edward Moore, the country sales director for Antal Germany. “There is an upturn in several core industries such as E-Commerce & Social Media (83 percent currently hiring), Hospitality (100 percent hiring), Automotive (47 percent), Renewable Energies (50 percent) and Insurance (50 percent).
"Germany is still perceived as the strong man of Europe, held up by a strong export market. Hiring remains steady with an improved outlook from some of its European neighbors such as the UK, the Netherlands and Italy. Overall, a cautious optimism remains for a continued growth in 2014.”
This continued stabilization combined with the increasing globalization will interest young people looking to work in Germany. The German employment market is, according to Antal staff, one of the most interesting ones in the whole world: “here, we can also profit from the investments our companies are making abroad, such as in China and the BRIC countries. An accountant working in Germany right now today might be working in Shanghai tomorrow and in Rio de Janeiro in five years,” said Susanne Frank, a partner of Antal Germany.
Emilio Gonzalez, a partner in the Madrid Antal office spent a few months in Frankfurt am Main, Germany last year, and his impressions of the job market were very positive. “Young, well-educated engineers in Spain are more and more learning the German language; their career chances in Germany are huge. Of course the German economy is the best and strongest in Europe, and Spain has one of the worst ones. On top of that, there is a skill shortage of qualified engineers in Germany, which is where the connection between Spain and Germany really gains momentum: We have the talent here.”
Not only the engineering sector holds interesting possibilities for foreigners from across the world, but other disciplines are actively searching for talent from abroad as well. For Emilio, it was important to also learn German to be able to place his Spanish candidates with German companies.
So what is important for people wanting to work in the German market? Gonzalez points out: “Learning German, even at a basic level is an absolute must. It will help you understand the mentality and way of life even better, as well as facilitate your work life. If you know German and are working for a German company, your skills will open every door for you – especially career wise.”