MAT Blog: Employment Outlook: Brazil
by Mary Anne Thompson
Excerpt: Brazil, South America’s largest country and economy, continues to rise from the globalrecession and make strong, long-lasting economic strides. As the country prepares to host the 2014 FIFA World Cup and the 2016 Olympics, it is experiencing job growth as well as talentshortages in many sectors.
Brazil was one of the first emerging markets to begin a recovery following the global financial crisis. Its unemployment rate currently sits at a comparatively low 6.1 percent, and thanks to its growing exports, Brazil’s GDP grew at 7.5 percent last year. The country is also seeing an increasing internal demand for goods and services as its middle class continues to grow. Currently the world’s tenth largest economy, Brazil is predicted to be the fourth largest by 2050.
Job opportunities extend to many sectors
Employers in Brazil’s construction sector are the most optimistic about future job growth, followed by employers in the finance, insurance and real estate sectors. In terms of growth, the agribusiness and finance sectors have shown the biggest increase in investment and job opportunity. Brazil also remains Latin America’s largest telecom market, and the sector’s job opportunities keep growing.
Talent shortages mean high salaries and big bonuses
The demand for executives in Brazil doubled last year and is much greater than Brazil can supply. The lack of good middle managers has created a talent war for well-qualified professionals.
Multinational organizations looking to hire in Brazil are seeking successful candidates who are flexible, skilled in communications between Brazil and headquarters, adaptable and multilingual. Although many companies invest in homegrown talent, there is also room for skilled foreign-born executives to work in Brazil.
The talent shortages in Brazil have resulted in high salaries and large executive bonuses. Chief executives and company directors earned more in São Paulo, Brazil’s business capital, than in New York, London, Singapore or Hong Kong.
Tips for Successful Interviewing in Brazil
- First impressions are of vital importance in Brazil, so always be punctual for an interview even though it is likely the interviewer will not be on time.
- Interviews can take up to two hours in some cases, so it is important to keep a reasonably free schedule on an interview day.
- Additional tests may be applied before or after the interview, such as language, psychological or logic tests.
- Occasionally a candidate may be asked to stay for a second interview with another interviewer (possibly a director or manager) if the first interview proves successful.
- After the interview, send a message of appreciation (by email) thanking the interviewer for the opportunity to be considered for the job.