The survey shows that major companies around the world are increasing recruitment as the end of the year approaches.
19/11/2024
GMT Eight
A survey released on Tuesday showed that as the last quarter of the year approaches, major companies around the world have increased recruitment for professional positions, especially in the retail, technology, and healthcare sectors, but the demand for recruitment in financial services is comparatively lower.
An index released by the British headhunting company Robert Walters showed that global professional job vacancies increased by nearly 9% month-on-month in October, after a 5% decrease in September. The data is mainly based on positions publicly advertised by listed companies with a market value of at least $100 billion and privately owned companies with annual sales of at least $500 billion.
Toby Fowlston, CEO of Robert Walters, said, "The latest data is a positive indicator of the return to the traditional recruitment cycle, as October and the last quarter are often busy as companies increase seasonal hiring or hope to spend the remaining recruitment budget before the end of the year."
The data showed that professional job vacancies in the United States and the United Kingdom increased by 11% and 4% respectively in October, while Canada and Mexico saw even larger increases of 18% and 22% respectively. Toby Fowlston believes that this is related to companies wanting to be closer to American clients. He added, "Recent geopolitical changes and trade renegotiations or agreements may further drive this trend in the next quarter."
By industry, professional job vacancies in the retail, consumer goods, and services industries increased by 29% in October, while vacancies in the basic materials, technology, and healthcare industries increased by 15%, 14%, and 13% respectively. However, vacancies in the real estate and financial services industries only increased by 5% and 1% respectively.