India and China lead the list, followed by Taiwan and Brazil.
On CBS’ 60 Minutes last Sunday, the Brazilian billionaire Eike Batista told correspondent Steve Kroft that he’s hiring Americans to weld his oil platforms. “To weld the platforms?” Kroft responded incredulously. “Yes,” replied Batista, explaining that his country’s booming economy is at almost full employment, and Brazil needs to import workers. “Already we have created this year 1.5 million jobs,” continued the world’s eighth richest man according to Forbes’ most recent tally. “It’s unbelievable.”
That unbelievable job growth is reflected in the latest global employment outlook survey by the staffing firm Manpower ( MAN – news – people ). Brazil rates fourth on the tally of the nations with the greatest optimism about hiring in the first quarter of next year. Brazil’s net hiring outlook–the number of employers surveyed who expect to increase their employment rolls minus the percentage who expect to decrease them–is 36%. That’s driven by a 7% gross domestic product growth rate, three times higher than in the U.S.
Manpower surveyed 64,000 human resource directors and senior hiring managers from public and private concerns worldwide to come up with its list. It asked each of them about their expectations for hiring in the first quarter of 2011. Almost half, 47% of them, came from 10 countries in the Americas, 24% from eight countries in Asia and the Pacific, and 29% from Europe, the Middle East and Africa. “This is very much a macro-economic look at new job creation,” says the staffing firm’s chairman and chief executive, Jeffrey Joerres.
The results are striking, if not surprising. India has pulled ahead of China since last quarter to take first place, with a whopping 42% net hiring outlook for the first quarter of 2011. China follows close behind at 40%, a 2% decrease from last quarter. Taiwan comes in third, with a net employment outlook of 37%.
Next in line, after Brazil: Turkey, at 27%.”There are 75 million people in Turkey,” Joerres notes, “more than people realize.” And so, despite a lingering debt overhang, there are plenty of consumers buying stuff and driving growth and hiring. Next up after Turkey: Singapore, with a net hiring outlook of 26% for the first quarter.
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Source: Susan Adams | Forbes
Photo: Raimond Siebesma | iStockphoto | Forbes