SALARY SURVEY 2013 - Robert Walters Singapore

After two years of significantrecruitment activity, the hiringdecrease we predicted at theend of 2011 materialised during2012 as multinational companiesoperating in Brazil, along withlocal Brazilian organisations, wereimpacted by global economicconditions.In keeping with this trend,economic figures fell belowexpectations – GDP growthdecreased to 1% at the end of 2012after an initial prediction of 4.5%(this followed a similar patternto 2011, when GDP grew 3.8%after an initial 7% estimate).However, the unemployment rate(5.3% in October 2012) remainedconsistent and below the overallaverage of the past decade(of just below 10%).Decreasing vacancy levelsimpacted overall job seekerconfidence. While the salary onoffer remained a key motivationfor professionals looking to moveroles, they were increasinglyattracted to positions offeringlong-term career prospects(i.e. promises of careerdevelopment and training)and overall job security.Although salaries formanagement-level professionalsremained among the highestin the world, the depreciationof the value of the real in 2012in comparison to the maincurrencies (e.g. US dollar, euro)had an impact on the earningpotential of these individuals.This, combined with the realityof recent economic conditions,meant that some candidateswere willing to acceptcomparatively lower salariesto secure more attractive roles.However, we are confident thatthe jobs market will improve in2013. After being extremely costconscious for a sustained period,employers will need to staff theirteams as consumer confidencegrows, the oil and gas sectorstrengthens and the volume ofmajor infrastructure projectsincrease in advance of the FIFAWorld Cup in 2014 and the RioOlympics in 2016.BRAZILRobert Walters Global Salary Survey 2013 2012