Overall Score

5.4 in 2015 5.0
0 2.5 5 7.5 10

Key Finding

The recession is leading to significant amounts of job losses as companies trim their workforces. The unemployment rate has increased from a low of just over six per cent in 2013 to over 11 per cent in early summer 2016. The increase in unemployment has boosted talent mismatch, suggesting those out of work do not have the skills firms are looking for.

BREAKDOWN OF SEVEN INDICATOR SCORES

Scores
0 2.5 5 7.5 10
Education
flexibility
5.9
Labour market
participation
5.4
Labour market
flexibility
9.1
Talent
mismatch
8.8
Overall wage
pressure
3.8
Wage pressure in
high-skill industries
4.4
Wage pressure in
high-skill occupations
0.7

COUNTRY OVERVIEW

View from the ground

Brazil remains in a state of uncertainty, however, we are beginning to see some small specks of positivity that may indicate we are somewhere near the bottom of the cycle. A change in approach by the Government will assist in driving this momentum, though the economy remains fragile and recovery will be challenged by a complicated business and labour market environment. This year will see companies continue to focus on efficiency and a culture of agility to establish an effective base to work from when the market returns. Professionals with this capability will be in high demand.

Jonathan Sampson, Managing Director, Hays Brazil

Jonathan Sampson, Managing Director, Hays Brazil

Country Profile

Brazil is experiencing its worst recession in a century, and although there are a few tentative signs that the economy is turning the corner the recovery will be slow, hampered by public and private deleveraging.

The economy has been beset by problems of weak business and consumer confidence, low commodity prices impacting export earnings, tightening financial conditions, and relatively high inflation hampering the price competitiveness of goods sold in international markets.

Jonathan Sampson, Managing Director, Hays Brazil

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