New findings indicate 'positive hint' of traditional hiring cycles returning
Professional job roles across the world went up by 8.6% in October in an "encouraging" sign that more traditional recruitment cycles are returning.
This is according to the latest analysis of Robert Walters, in conjunction with Vacancysoft, on external job adverts posted online in real time.
The Robert Walters Global Jobs Index revealed that the increase in new jobs was evident in the retail, consumer goods and services industry, which logged a 29.3% increase.
Other sectors that reported a hike in professional job roles last month include:
Toby Fowlston, CEO of Robert Walters, said the uptick in these sectors reflects a "broader, emerging demand for skilled talent."
"The latest figures from our Global Jobs Index are encouraging – and are a positive hint toward more traditional recruitment cycles returning, whereby October and the final quarter tend to be busy as companies ramp up seasonal hires or look to spend remaining hiring budgets before the close of the year," Fowlston said in a statement.
By nation, Mexico reported the highest percentage change in job vacancy growth for professional roles with 21.34%.
"Mexico continues to benefit from the nearshoring boom – with companies increasingly relocating manufacturing and supply chain operations closer to North American markets – this could be driven further in the next quarter by recent geopolitical shifts and trade renegotiations/agreements," Fowlston said.
Canada is also a "country to watch" after registering a 17.58% increase in job vacancies for professional roles in October.
According to Fowlston, there were major increases in job vacancies across the tech, media, and telecom sector (56.4%), as well as healthcare (24.8%), in October.
"The country has become an attractive base for global tech companies due to its favourable immigration policies, highly skilled workforce, and competitive cost of talent compared to the U.S.," Fowlston said.
"This has spurred job creation in software development, cybersecurity, and fintech."
Meanwhile, only France and China registered a decrease in job vacancy growth in October, with the former recording a massive 20.78% decrease.
"It is important to note that France reported one of the sharpest increases in professional job roles last month (September) – post their Olympics and summer break slowdown – and so their job vacancy numbers in October should be viewed within that context," Fowlston said.
"We expect this to level out and be on par with what we are seeing across Europe for the rest of the year."
