Q3 Quarterly Update 2013 – LATAM
It’s October already, and this is the very first Quarterly update since we launched our operation in São Paulo. It’s been an intense start; many contacts, possibilities, lunches, interviews, and so far, a fantastic response from clients and candidates. Already we’re noticing that people really enjoy the specific approach to HR in Brazil and we’ve had some great early wins with some very loyal clients. Overall though, we are just very pleased to know that we have started on the right foot.
Probably the biggest news for us is the opening of our brand new office space. We have been running our operation from a Regus space since January 2013, and while the results have been great and allowed us to get up and running quickly, we are now delighted to announce that we will be in our very own branded office as of January 2014.
Business Partners and Compensation & Benefits professionals are still on the top of the hiring lists of all the large MNC’s in Brazil. The market here remains “work in progress” and it will take greater time to develop a true “specialist” HR platform. In saying that, we have seen a greater push for in-house recruitment roles with companies now looking at their overall attraction and employer branding strategy.
The senior end of the market has seen a little movement as global organisations have decided to transform their HR strategy and change the way they are structured in Brazil.
The last quarter is now upon us and that means that some companies will choose to stop hiring until January, although the companies ahead of the curve will be planning for next year and now is a great time to think towards to Q1 and Q2 2014 and what your HR function should really start to look like.
We see the market maintaining its current course, which is good, rather than exceptional, but finding great talent here remains tough and we don’t see this changing any time soon.
I also personally want to thank everyone who has put their faith in our brand new company here in Brazil. We’ve created this in order to do more for our clients and hope that people are now seeing the benefit of this. I am proud of what we achieved so far, and this is just the beginning. Hope to see you people in our new office next year.
André Magro, MD LATAM
+55 11 3048 4219