A positive outlook for recruitment in 2016
The Robert Walters Global Salary Survey for 2016 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 Sub-Saharan Africa in 2016.
Hiring trends across Sub-Saharan Africa
The outlook for hiring across Africa in 2016 remains mixed. The growing middle class, coupled with investment in infrastructure, is likely to lead to active hiring levels across FMCG and construction companies in the majority of African countries. Finance professionals will be in particular demand to support such businesses as they grow.
However, the effects of reduced commodity prices will continue to be felt across the region, reflected in falling projected economic growth rates in many countries. During the second half of 2015, growth projections for 2016 typically slipped to 4-5%, compared with expectations of 8-9% just a few months earlier.
Overall hiring will continue at a reduced level, and even in extraction-based industries the market for new roles will be quiet. As companies attempt to withstand difficult market conditions, we expect the majority of placements to be in areas such as finance and country management, almost exclusively focused on replacement hires.
About the Global Salary Survey
Now in its seventeenth 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.