The Robert Walters Global Salary Survey for 2015 has been released. The annual survey contains recruitment market updates, hiring advice and benchmarks salaries across our global markets.
Here we discuss the outlook for Brazil in 2015.
Key findings for Brazil
In 2014, economic conditions were compounded by uncertainty around the outcome of the presidential elections, resulting in reduced confidence among Brazilian companies.
This, in turn, had a negative impact on recruitment volumes, with companies watching their costs and focusing on minimal replacement hiring rather than job creation. Indeed, some companies were forced to let people go as the national mandatory salary increase of 6-10% for all employees impacted the bottom line.
In general, the significant salary increments seen previously in Brazil were replaced with more modest increases for job movers (around 15-20%). However, people were prepared to take up new positions for minimal rises, or even pay cuts, as the desire for new opportunities outweighed financial concerns.
Throughout 2014 we saw strong demand for professionals with good management skills and international experience, as well as those who could help to improve processes and efficiencies. However, companies struggled to source the talent they required and we expect competition for candidates to intensify in 2015. Overall, 2015 looks set to be another challenging year, with a potential economic recovery not likely until 2016 at the earliest.
About the Global Salary Survey
Now in its sixteenth edition, the Robert Walters annual Global Salary Survey is the most comprehensive review of professional salaries and recruitment trends around the world.
The comprehensive book, covering 24 countries, is free and covers the UK and Ireland, Continental Europe, the Middle East, Africa, Asia, Australia and New Zealand as well as North and South America.The Global Salary Survey is based on the analysis of permanent, interim and contract placements made across each of our geographies and recruitment disciplines.
In Brazil, the survey covers most areas of professional expertise: accounting and finance, tax and legal, human resources, sales and marketing.
Download the Salary Survey
Request your free copy of our Salary Survey 2016 today.
For a more in-depth look at our expectations for the recruitment market in Brazil, download the full version of the 2015 Brazil Salary Survey.
For a more in-depth look at our expectations for the recruitment market around the world, download the full version of the 2015 Global Salary Survey.