Germany’s Job Market
Germany is one of the most industrialised nation of the European continent which boasts major players in the industries such as automobile manufacturing, machinery, precision equipment, heavy automotive, technology, financial services and software.
The German job market proved to be one of the most resilient during the recent recession. The employmentrate is high and unemployment is comparatively low, but an acute skills shortage is posing a threat to companies in the country.
With the amount of recruiting going on in the market, competition is fierce for companies of all origins and sizes as well as across segments and functions. The demand for candidates is leading to a scarcity of “readily available” talent and reduces the volume of job seekers in the market.
The top opportunities in Germany include:
- Sales and Marketing experts
- Healthcare professionals
- Scientific researchers
- Information Technology Specialists
- Mechanical and Electrical engineers
- Finance and Accounting experts
- Hospitality Management professionals
More targeted and sophisticated recruiting processes are being used to identify and attract the calibre of candidate required. Hence choosing the right recruiting partner has become crucial in the German market. There are thousands of recruitment companies in Germany of varying sizes and origins – domestic as well as international. Several of them focus onexecutive search for senior level positions or highly technical specializations. They have the know-how, resources, image and credibility to get high calibre candidates to the table and advise and support the clients in every step of the process. Recruitment companies also communicate the long-term vision and prospects for the company and for the individual.
Time to fill and hiring manager satisfaction are becoming less significant, making thequality of hire an even more valuable performance metric. Most organizations are measuring thequality of hire through new hire performance evaluation. Given the criticality of getting it right first time, the agency costs for recruitment has reached almost 33% of the first year’s salary of the candidate making it a vastly remunerative and fiercely competitive business.
Recruitment companies are increasingly using innovative approaches related to social media, mobile technology, big data, and artificial intelligence.The Social media has emerged as one of the powerful tools for accessing the information about the potential candidates and thus, enabling the recruitment companies to tap into a bigger talent pool by engaging the passive job seekers. Mobile technology is being leveraged as an opportunity to reach job seekers while they are on the go and also influence employer branding. The data is used by the recruitment companies for sorting through the vast streams of data to find out the qualified candidates in a speedy manner, predict the hiring needs and thus, increase the employee retention percentage. Artificial intelligence is also being used to streamline the recruiting process, helping to identify the best candidates through the use of algorithms and advanced search technology.
The best headhunting company in Germany offers clients a selection of candidate profiles, service quality, consultative style, value for money and placement speed through sophisticated and innovative techniques. On the candidate side, the company focuses on quality and selection of positions offered, consultation and communication during and after the process, service quality and duration of the placement process.