A raft of recent surveys shows that the recession is having a profound impact on workers and employment trends worldwide. Even though they measure different things — global hiring, immigration repatriation, and career trends — there’s a theme here, which is that the economy is global and when it recovers, things will not go back to the way they were.
There’s the report from Monster this week that says vast numbers of workers are ready to switch careers for a new job. Another survey, this one from SearchPath International and Antal International, give us a global view of hiring — and firing — trends.
The Global Snapshot offers clues to where the hottest markets in the world are for managers and professionals. (Hint: Think Russia, China, India, Egypt, and Eastern Europe.)
That report dovetails with last week’s USA Today report about an emerging brain drain of managers and professionals from the U.S. to China and India.
Vivek Wadhwa, executive in residence at Duke University and a senior research associate at Harvard University, surveyed some 1,200 immigrants who returned to their native country. He reports that improved opportunities at home, coupled with U.S. visa policies, makes it likely that up to 200,000 white collar migrants will return to China and India in the next five years.
A UPI version of the story includes this comment from Wang Baodong, a spokesman for the Chinese Embassy in Washington: “China needs a lot of well-trained personnel.”
No surprise there, especially no surprise after you peek at The Global Snapshot report that says 74 percent of the surveyed companies in China report they are hiring skilled managers and other white collar professionals now. Also not surprisingly, the report commentary notes that there has been a better than 10 percent rise in the companies shedding workers, which the report notes, suggests “that employers are taking advantage of current conditions to ‘weed out’ less productive members of staff.”
Other hot Asian markets for these same workers: Singapore, Pakistan and Hong Kong. India is bit less robust with 51 percent of the surveyed companies hiring now. But give it a quarter and 66 percent say they’ll be looking for managers and professionals.
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In the U.S., 55 percent of respondents report hiring, with the same percentage planning to hire next quarter.
The recession has also got workers thinking that it may be wise to find a new career.
Monster released a poll of workers in North America and Europe showing 89 percent of them would consider or would make a career change if it meant finding a new job. While only 11 percent of the 22,444 visitors to Monster’s sites in Europe, Canada, or the U.S. said they wouldn’t change careers — at least not now — 49 percent said they’ve been wanting to change careers and are ready now.
In Spain, 92 percent of the visitors to the Monster site who took the poll said they were ready to make a career change. They’re feeling the pressure; 44 percent said they feel they must take the first job that comes along. That percentage contrasts sharply with respondents elsewhere, only 23 percent of whom felt they needed to pretty much take anything.
No doubt those who visit Monster sites are motivated job seekers, and probably more willing to switch industries than those who aren’t looking. But when half of those taking the poll answer the question, “Would you consider a job in another industry?” with a “Yes, I’ve been wanting to make a career change,” you can figure that change is underway.