Uk recruitment agencies suffering compared to the rest of the world

Antal, the international agency surveyed recruitment agencies and companies in 14 countries to create a global snapshot of hiring patterns.  They looked at Eastern and Western companies in Europe, China, Africa and India to determine the impact of the global credit crunch as a result of higher energy, fuel and food prices.

They asked whether or not they were planning to make redundancies in the next 3 months or planning to hire new staff.  The results revealed that overseas recruitment agencies are experiencing string demand, for example in Germany 64% of companies expect to hire in the next quarter with 70% the figure in Italy.  In the UK the figure was just 31% which reflects the many stories in the news of large recruitment agencies cutting staff numbers considerably.

Eastern Europe seemed particularly strong with figures of Poland (94%), Bulgaria (89%) and Hungary (74%).  China also carried high figures around the 90% mark.  It appears that quite the opposite to recruitment agencies suffering the credit crunch, in some cases demand is outstripping supply.  Perhaps UK companies should turn to international markets to fight the economic downturn in the UK.