The Recruiting News
Brazil's Job Market is Booming, Says Going Global's New Brazil Employment Outlook
(July 7, 2011) 2016 Olympics, 2014 FIFA World Cup Boost Brazil's Economy
As it begins preparations to host the 2014 FIFA World Cup and the 2016 Olympics, Brazil -- South America's largest country and economy, is one of the first emerging markets to begin an economic recovery, according to a new report from Going Global, the leading provider of employment, career and culture resources. With an unemployment rate of 6.1 percent, Brazil is experiencing job growth and talent shortages in many sectors.
"Brazil's strong recovery from the global financial crisis has spurred increased hiring activity and a buoyant employment market, enabling the job market to become increasingly candidate-driven," says Mary Anne Thompson, founder, Going Global. "Many workers in the private sector are seeing double-digit pay raises, and last year average salaries in Brazil increased 6.5 percent."
Talent shortages persist in many of the growing industry sectors in Brazil. Recruiting professionals report infrastructure, oil, gas, consumer products, technology, financial services, and capital markets are the most in need of talent. Hiring in Brazil has been active across all sectors, with the heaviest volumes in FCMG (Fast Moving Consumer Goods), manufacturing, agribusiness and heavy construction.
Especially scarce in Brazil are engineers with technical backgrounds, experience with big oil finds, and knowledge of infrastructure, but Brazil turns out just 35,000 engineers a year, compared with India's 250,000 and China's 400,000 engineers.
"One problem Brazil is facing is that their companies and universities have not created sufficiently qualified people to satisfy the new demand," explains Ms. Thompson. "Multinational organizations looking to hire in Brazil are seeking successful candidates who are flexible, skilled in communications between Brazil and headquarters, adaptable and multilingual. Although many companies invest in homegrown talent, there is also room for skilled foreign-born executives to work in Brazil."
The talent shortages in Brazil have resulted in high salaries and large executive bonuses. Chief executives and company directors earn more in Sao Paulo, Brazil's business capital, than in New York, London, Singapore or Hong Kong. For example, a CFO with 12 years' experience or more can earn $400,000 to $530,00 USD in Sao Paulo, while a CFO with the same experience would earn approximately $125,000 USD in New York.
2. Skilled trades
3. Production operators
4. Secretaries, PAs, administrative assistants and office support staff
8. Accounting and finance staff
9. IT staff
10. Sales representatives
To read the full report, Going Global Employment Outlook: Brazil and to see tips for a successful job interview in Brazil, visit www.goinglobal.com.
About Going Global
Going Global founder Mary Anne Thompson is an internationally recognized expert on global careers. A former White House attorney, she launched Going Global while living as an expat in Stockholm, Sweden. Today, Going Global is the leader in providing country-specific career content targeted to professionals seeking to begin or change careers both at home and abroad. With career guides for more than 80 locations, the company's proprietary content supports the job aspirations of more than one million individuals, and includes corporate profiles and millions of job opportunities. Ms. Thompson's first book, The Global Resume & CV Guide (John Wiley, Publisher), was the first publication on the market with worldwide job-hunting advice.
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