Overall Score

5.8 in 2015 5.0
0 2.5 5 7.5 10

Key Finding

An uptick in the vacancy rate and increased wage pressure suggest the overall Index score is subject to upward pressures. In the long-term the declining labour market participation will weigh heavily on the Danish labour market.

BREAKDOWN OF SEVEN INDICATOR SCORES

Scores
0 2.5 5 7.5 10
Education
flexibility
6.1
Labour market
participation
4.6
Labour market
flexibility
3.4
Talent
mismatch
7.7
Overall wage
pressure
7.1
Wage pressure in
high-skill industries
6.0
Wage pressure in
high-skill occupations
5.8

COUNTRY OVERVIEW

View from the ground

We’re seeing a continuation of trends from last year. Companies are not only looking to bring international talent to Denmark, but are placing jobs in countries where talent already exists. This reality will become more predominant in the future as digitalisation and virtualisation of the workplace make remote workplaces more feasible. As expected, the number of job vacancies has significantly increased this year. This, coupled with a low unemployment rate and overall talent mismatch in the market, is resulting in increasing wage pressure for businesses in Denmark.

Morten Andersen, Business Director, Hays Denmark

Morten Andersen, Business Director, Hays Denmark

Country Profile

The strong labour market remains the key driver of the Danish economy.

Unemployment continues to trend downwards as the economic recovery continues, and wages remain robust along with salary growth.

The strong labour market is a central factor underpinning the robust growth in the consumer sector.

However, with the labour market continuing to pick up, spare resources will become increasingly scarce, potentially threatening the recovery.

Morten Andersen, Business Director, Hays Denmark

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