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Brazil
- Recruitment landscape
- Economic indicators
- Labor market
- Working life
Your global agency guide to...
Brazil
Brazil, with a GDP of $2.173 trillion, stands as the 9th largest economy worldwide. Its main industries include textiles, aircraft, and motor vehicles. The unemployment rate of 8.0% reflects challenges but a functioning labor market. Brazil's medium agency number facilitates recruitment efforts in its diverse economy.
Brazil'S
AGENCY LANDSCAPE
7.3K
Agencies operating in Brazil
A high number of agencies indicates a mature recruitment industry, marked by strong talent demand, established labor laws and economic stability.
15-20%
Typical fee range
Countries with higher fees imply finding talent is harder to find whilst lower fees indicate a high-volume, commoditized market.
Brazil'S
FEATURED AGENCIES
Robert Half
Pacifica Continental
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Brazil'S
GROSS DOMESTIC PRODUCT (GDP) RATING
9
WORLD RANKED
Brazil ranks 9th in the world by current economic output
$2.2T
NOMINAL GDP (US$)
GDP reflects the overall size and economic strength of the country’s economy.
1
LATAM RANKED
Brazil is the 1st biggest GDP in LATAM out of 20 countries in the region
GDP GROWTH (%)
The above chart compares how Brazil's GDP has grown, compared to the rest of the world and the LATAM region in the last 7 years.
Positive growth indicates an expanding economy, while negative growth or recession signifies economic contraction. Strong growth can encourage hiring, but slower growth might lead to freezes or layoffs, influencing talent sourcing as businesses adapt to changing market conditions and demands.
Brazil'S
CURRENCY AND CODE
R$
Country currency
BRA
Country ISO code
Brazil'S
INFLATION RATE
4.1%
CURRENT RATE
▼0.5% REDUCTION
Inflation represents the rate at which prices rise and purchasing power diminishes. High inflation may prompt employees to seek higher wages, potentially impacting company profitability. This situation could lead to budget constraints or hiring freezes, which might influence talent availability and sourcing strategies.
Brazil'S
COST OF LIVING
COST OF LIVING INDEX EXPLAINED
The cost of living has a direct impact on salary expectations and the competitiveness of compensation packages. It can influence the appeal of certain locations-while high-cost areas may attract highly skilled professionals looking for higher salaries, lower-cost areas can appeal to companies looking to minimize salary expenses or candidates seeking a better work-life balance.
Brazil'S
LABOUR STATISTICS
213M
POPULATION
With a population of 213,317,639, Brazil is a medium sized country by global standards. Brazil's youth population is just below the world average, indicating it may face challenges in labor market sustainability over time. The working population in Brazil is close to the world average, suggesting a stable labor market that can adequately meet the economy's demands. Brazil's elderly population is close to the world average, suggesting a manageable dependency ratio, where the working-age population can effectively support the elderly.
Brazil'S
RELIGION AND ETHNICITY
Religion
In religiously diverse countries, a broad sourcing and engagement approach whilst appealing to inclusive practices resonates with this candidate market. In contrast, in a homogeneous religious environment, understanding dominant cultural norms is often more important when engaging with talent.
Ethnicity
In ethnically diverse countries, there may be a greater variety of candidates with different cultural backgrounds and experiences. Employers may need to focus more on inclusive hiring practices to ensure they attract talent from across different ethnic groups.
Brazil'S
UNEMPLOYMENT RATE
8.0%
CURRENT PERCENTAGE
▼1.28% REDUCTION
Brazil has an unhealthy unemployment rate, suggesting there may be some economic or structural challenges . Between 2022 and 2023, there was a large decrease, suggesting a positive shift toward better economic stability with significant improvement in job availability
Brazil'S
TOP PERFORMING COMPANIES AND INDUSTRIES
Top performing companies
JBS
BRF
Assai Atacadista
Top industries
Iron ore
Motor vehicles and parts
Steel
Brazil'S
GENDER DEMOGRAPHICS
RATIO OF MALES TO FEMALES (BY AGE)
LABOUR PARTICIPATION BY GENDER (%)
73
/
53
Male | Female
In Brazil there is a medium gap in participation rates between males and females, indicating moderate inequality with some progress towards gender parity.
Brazil'S
WORKING LIFE
9DAYS
Minimum annual holidays
Minimum annual holidays reflect mandated leave. Hiring in countries with high allowances (over 25 days) will require emphasizing work-life balance when recruiting. In countries with fewer holidays (under 15 days), offering additional leave can enhance recruitment and set the organization apart.
40HRS
Average working full time week
Standard work hours are 8 hours/day, 40 hours/week, Monday to Friday. Employees may work 44 hours/week, including 8 hours Monday to Friday and 4 hours on Saturday, potentially earning overtime.
Brazil'S
TOP BENEFITS
120DAYS
Maternity leave
Maternity: 120-day paid leave at full salary, extendable with doctor's note; reimbursed via tax deductions. Paternity: 5-day paid leave at full salary. No parental leave law in Brazil.
15DAYS
Sick leave
Employees can take unlimited sick leave with varied pay: 0-15 days at 100% by the employer, and post-15 days at 91% up to BRL 6,433.57 by the INSS.
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