Overall Score

5.7 in 2015 5.9
0 2.5 5 7.5 10

Key Finding

Among the 33 countries included in the Hays Global Skills Index, Portugal is characterised by very little pressure on highly-skilled workers, but continues to display top-end scores when it comes to talent mismatch, with the highest structural unemployment rate across the countries.

BREAKDOWN OF SEVEN INDICATOR SCORES

Scores
0 2.5 5 7.5 10
Education
flexibility
5.0
Labour market
participation
5.2
Labour market
flexibility
6.2
Talent
mismatch
10.0
Overall wage
pressure
4.8
Wage pressure in
high-skill industries
8.9
Wage pressure in
high-skill occupations
0.0

COUNTRY OVERVIEW

View from the ground

Despite the underlying ambiguity in the evolution of the Portuguese economy, the labour market doesn’t seem to be reflecting that uncertainty any more than it was before, and unemployment rates keep dropping, albeit modestly. In general, the labour market has recovered some dynamism and although this may not be enough to solve structural issues, such as long-term unemployment and talent mismatch, there is now a visible effort to discuss this and a more proactive communication between the educational system and employers. On the other hand, talent shortages in high-skill industries such as Information Technology are keeping wage pressures up.

Paula Baptista, Managing Director, Hays Portugal

Paula Baptista, Managing Director, Hays Portugal

Country Profile

The Portuguese economy is only expected to grow marginally in 2016, with net exports dragging growth down.

Stagnant labour market conditions suggest that consumption is not expected to accelerate anytime soon.

The unemployment rate has not fallen considerably since last year, in marked contrast to the previous two years when unemployment fell noticeably.

Moreover, current political fragmentation is impeding a consensus forming to implement further structural reforms that look to address remaining product and labour markets rigidities.

Paula Baptista, Managing Director, Hays Portugal

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