Netherlands

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Overall Score

5.7 in 2015 4.7
0 2.5 5 7.5 10

Key Finding

As the economy continues to expand, the labour market is showing more signs of pressure. Behind the significant tightening in the overall Index score is a pickup in overall and industry-specific wage pressures and a deterioration in mismatch (as evidenced by a higher rate of long-term unemployment).

BREAKDOWN OF SEVEN INDICATOR SCORES

Scores
0 2.5 5 7.5 10
Education
flexibility
4.8
Labour market
participation
6.6
Labour market
flexibility
4.7
Talent
mismatch
4.7
Overall wage
pressure
6.4
Wage pressure in
high-skill industries
8.2
Wage pressure in
high-skill occupations
4.7

COUNTRY OVERVIEW

View from the ground

The economic recovery has finally pushed the labour market into strong growth mode. The number of vacancies has increased ‘double digit’ in most markets, with recruiters being the most in-demand professionals at this moment. Given the skill gap in many markets this puts pressure on wages and many companies are now beginning to see that it is becoming more challenging to attract the right talent. The recent change in legislation for self-employed workers (DBA Act May 2016) will lead to some further shifts from flexible to permanent jobs.

Robert van Veggel, Managing Director, Hays Netherlands

Robert van Veggel, Managing Director, Hays Netherlands

Country Profile

GDP growth was solid in early 2016 in the Netherlands, with the economy growing across most expenditure categories.

Households are not only benefitting from weak inflationary pressures, but also from very positive labour market developments.

Data showing rising vacancies and hours worked through temporary agencies suggest that employment growth should continue in 2016.

However, with the labour supply rising as well, we forecast that the jobless rate will edge down only slightly.

Robert van Veggel, Managing Director, Hays Netherlands

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