Jul 19 2010
Labor Minister Carlos Lupi recently reported that Brazil’s economy had created an additional 1.5 million jobs in the first half of 2010 – on target for a total of 2.5 million new formal jobs in 2010. This is a very positive statistic for the rising Latin American nation and a sign that executives should consider recalibrating their job search to include emerging markets.
In fact, a recent report outlined that AESC search consultants believe Brazil, India and China are likely experience the largest shortage of talent in the latter half of 2010. Essentially, it is expected there will be not enough qualified / experienced senior executives in Brazil to fill the number of new executive jobs that will be created as the economy recovers from the economic downturn (Brazil only suffered a 0.2% contraction in 2009).
Less positive, some economists have indicated that the failure of Brazil to reach the job creation targets of June is a sign of a slowing economy. However, compare the 212,952 jobs created in June in Brazil to the US where only 83,000 jobs were created. In fact the total number of jobs registered in the US decreased by 125,000 in June (it is not all bad - 225,000 jobs that disappeared were temporary 2010 census government jobs).
The AESC and Executive Search in Brazil
Brazil’s rising economy matches the rise of executive search services in the region. The Association of Executive Search Consultants (AESC) currently has 17 search firm members operating across Brazil – many are regional offices of large global firms, demonstrating the attraction of the market for international expansion:
Abrahams & Associates, Boyden, CTPartners Executive Search, Dasein Executive Search, FESA Global Executive Search Transforming Leadership, Grace Company Executive Search, Heidrick & Struggles, Kemp Consultoria Empresarial, Korn/Ferry International, MP Sampaio Consultores/Penrhyn International, Odgers Berndtson, Panelli Motta Cabrera & Associados/The Amrop Hever Group, Russell Reynolds Associates, Inc., Signium International, Spencer Stuart, Stanton Chase International, TRANSEARCH
The member search firms listed above are amongst a membership of over 250 AESC firms in 74 countries worldwide. Thus, the strong network of Brazilian executive recruiters expands throughout Latin America and out to the rest of the world.
The number of AESC members and search activity in Brazil is likely to increase dramatically over the coming years due to the rising number of executive positions being created and the 6% GDP prediction for Brazil in 2010. Therefore, senior executives should consider making themselves available to executive job opportunities in Brazil and other emerging markets. International executive search networks should also consider expanding their networks into Brazil and the AESC provides a great way to establish credibility among the client and search community.
Executive Job Opportunities in Brazil and BlueSteps
All Brazilian AESC search firms or subsidiaries have access to the AESC owned BlueSteps service - a database of over 60,000 executives used by search firms to source talent for senior executive positions in Brazil and worldwide. BlueSteps members - ensure you update your career profile to include Brazil as a target country, if you would like to be considered for executive positions in this location. If you are not a member, see below for information about how you may benefit from a lifetime BlueSteps membership.
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Gain Worldwide Exposure to AESC Search Consultants
BlueSteps is the exclusive service of the AESC that puts senior executives on the radar screen of over 6,000 executive search professionals in over 70 countries. Be visible, and be considered for up to 50,000 opportunities handled by AESC search firms every year. Find out more.
The Ultimate Executive Career Guide: Connecting with Executive Search
As a senior-level executive, you can use this guide to:
- Learn about executive search and how it differs from other forms of recruiting
- Discover the best ways to connect with executive search professionals
- Understand how the search process works
- Implement strategies that will help you become visible to the search community
- And more!