Despite the economic and political uncertainty created by Brexit and the US election, many markets across the world experienced strong economic growth and an increase in hiring activity during 2016.
Recruitment in Southeast Asia was buoyed by strong economic growth, rising business confidence and more international companies establishing bases in the region. There was further pressure on already limited talent pools, particularly in Vietnam, Indonesia and the Philippines, with countries focusing on tempting overseas professionals back home. Salaries continued to rise with some sectors offering average increases of 25-30% for those moving companies.
Japan too continued to face significant talent shortages as unemployment declined and demand outstripped supply, leading to a sustained lack of specialists across many sectors and increasing pressure on salaries. As the globalisation of both foreign-affiliated and Japanese companies progressed, bilingual professionals were in highest demand. Despite the slowdown in China’s traditional sectors of manufacturing and engineering, the drive to adopt new technology meant hiring levels were steady, with more modest salary rises anticipated in 2017.
Source : Robert Walters