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Overall score

Score by Indicator

6.4
in 2016 5.8
0 2.5 5 7.5 10

Key drivers

Talent mismatch

Higher unfilled vacancy rates suggest that employers are having a more difficult time attracting and retaining the talented workers they needed.

Overall wage pressure

The wage pressure facing Danish firms has increased considerably. Earnings growth is high relative to its European peers, a sign of the pressures present in its labour market.

Wage pressure in high-skill industries

The large increase in Denmark’s overall score has been driven by a greater wage gap between high- and lower-skill industries.

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COUNTRY OVERVIEW

View from the ground

Morten Andersen, Business Director, Hays Denmark

Low employment in the Danish labour market has continued – especially regarding the highly-skilled labour market. However, there is a mismatch between the skills required by businesses and those skills available in the labour pool. This is evident in the amount of open positions across several industries and sectors, which are rarely filled with available personnel. Education, training and retraining of individuals continue to be of vital importance in order to accommodate the needs of businesses going forward. The digitalisation of the workforce means that more and more companies are disregarding geographical location and turning to the option of looking across national borders in search of the right talent.

Morten Andersen, Business Director, Hays Denmark

Country Profile

Denmark’s score in the Hays Global Skills Index increased by more than any other country this year, indicating that employers may have a harder time attracting and retaining talented workers.

Labour shortages make it hard for Danish firms to find the talent they need in order to expand. Job vacancy rates rose in each of the last five years and in 2016 the rate stood at 1.8 per cent.

A rise in labour market participation could help, although Denmark’s ageing population acts as a counterweight. In fact, within the next decade, the country’s working age population is expected to decrease.

Key skills in demand

  • Software developers
  • Sales managers
  • Business controllers
  • Project managers
  • Medical advisors

News and Press Materials

Morten Andersen, Business Director, Hays Denmark