Global Survey Finds Buoyant Egyptian Employment Market

PRLog (Press Release) - Feb 04, 2009 -
“Hiring levels remain strong in Egypt” says Walid Abdel-Wadood who runs Antal’s operations in the country. “The survey in the autumn of 2008 showed 100% of businesses here were planning to hire professional staff so a drop in recruitment activity was inevitable. However with so many organisations still taking on professional employees and so few letting people go, the Egyptian market is one that, at least for now, seems to have escaped the damage of the economic turmoil.”

The employment situation is a similar one across the rest of Africa, with companies in Nigeria and South Africa both currently hiring at strong levels of over 60% and intending to continue doing so in the coming months.

“When we undertook our last survey of hiring and firing around the globe in the autumn of 2008, most countries appeared confident about the future. Now that confidence has faltered, but it seems, hasn’t evaporated completely,” says Antal’s global CEO, Tony Goodwin. “There is no denying that the slowdown in economies across the world has had a knock-on effect on jobs and career development prospects for professionals and managers at all levels. However this does not mean that recruitment has come to a complete stop by any means. Rather than being a classic downturn, this one seems to be developing a very specific nature, which hits certain countries and sectors extremely hard whilst leaving others – parts of Eastern Europe and industries such as pharmaceuticals, bio-tech and renewables, for example - relatively or even completely unscathed.”