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We are here to bring you some GOOD news!
Despite the seemingly daily barrage of depressing stats and mass layoff announcements, something POSITIVE is happening in the job market.
Global hiring openings have INCREASED and this trend looks set to continue into 2025. The Roberts Walters Global Jobs Index showed that professional roles increased by 8.6% globally in October.
"The latest figures ... (are) a positive hint toward more traditional recruitment cycles returning, whereby October and the final quarter tends to be busy as companies ramp up seasonal hires or look to spend remaining hiring budgets before the close of the year," Robert Walters' CEO Toby Fowlston said.
Positive Signs for the Global Hiring Market
The latest Robert Walters report showed that:
- Tech, Media, and Telecom jobs saw a growth of 14.2%.
- The Retail industry experienced a growth of 29.3%.
- Healthcare jobs grew 12.7%.
- Real Estate roles went up 4.5%.
- Financial services grew slightly up 1.1%.
Optimistic Growth Trends Emerging in Major Economies
October saw wight out of the top ten countries for job volumes grow in job vacancies compared to the previous month. Mexico (+21.6%) and Canada (+17.6%) led the way in this upward trend.
Mexico is benefiting from the trend of companies moving their manufacturing and supply chains closer to North America. This growth could pick up even more in the coming months due to recent geopolitical changes and trade agreements.
Canada is becoming a key player in job growth, especially in tech. Its welcoming immigration policies, skilled workforce, and lower costs compared to the U.S. have attracted global tech companies, boosting jobs in areas like software development, cyber security, and fintech.
What Does This Mean for Businesses?
This surge in global hiring presents exciting opportunities for companies ready to grow. Industries like retail, tech, and healthcare are showing strong demand, signaling an opportune moment for companies to expand their operations.
For example, the tech and manufacturing sector’s growth in Canada and Mexico highlights the importance of strategic locations. These countries are benefiting from their proximity to the U.S., making them attractive hubs for businesses seeking to streamline supply chains and tap into regional talent.
Challenges Need to be Managed
Businesses need to be aware of certain challenges. Geopolitical uncertainties, like trade renegotiations plus changing tax and employment regulations can make expansion complex.
Organizations must stay on top of the latest political legislature in the regions they enter and adapt quickly to any changes. Otherwise, they could face severe financial and reputational penalties.
How Businesses Can Benefit from an Employer of Record (EOR) During Hiring Booms
A swell in global hiring is exciting but it can also feel overwhelming. Many company executives find themselves asking “Where do we start, there’s too many things to deal with!”
We are here to tell them that everything is going to be OK. How? That’s where an Employer of Record (EOR) comes in.
With an EOR, companies can access talent pools in booming markets without the headache of setting up a local entity. Compliance? Taxes? Benefits? An EOR manages it all, ensuring organizations are on the right side of every labor law in every country they operate.
For instance, need to hire a software engineer in Canada or a manufacturing team in Mexico? An EOR makes it happen fast, legally, and hassle-free,
In today’s unpredictable world, agility is key. An EOR gives companies the flexibility to adapt without missing out on new opportunities. Think of it as an organization's global hiring safety net—reliable, efficient, and always there to catch things when stuff gets complicated.
Simplify Global Hiring with the Best EOR in the Business
When it comes to hiring internationally, Global Expansion is the trusted partner you need. We’re the most experienced EOR in the industry, and we’ve got your back every step of the way.
Say goodbye to compliance worries—we’ll handle them. Say hello to focusing on what really matters—your big business goals. With local experts in 214 countries, we make global hiring easy, efficient, and, dare we say, fun.
Our tech is award-winning, our team is world-class, and your success is our mission.
Ready to build your global team? Let’s talk and make it happen—fast.
