Comparison Tool

Comparison Tool

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Overall score

Score by Indicator

6.1
in 2016 6.5
0 2.5 5 7.5 10

Key drivers

Education flexibility

Businesses in the skilled labour market should benefit from improving education flexibility, with a growing number of graduates in the recruitment pool.

Overall wage pressure

Wage growth is expected to be slightly negative overall this year.

Wage pressure in high-skill industries

Spain has experienced a recent narrowing of wide gaps in wages between high- and lower-skill sectors. Many high-skill industries have seen low or negative wage growth in the recent past.

COMPARISON TOOL

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COUNTRY OVERVIEW

View from the ground

Chris Dottie, Managing Director, Hays Spain

Political uncertainty has done little to dampen the economic recovery of Spain so far, with a sustained annual rate of GDP growth around 3 per cent. While this has generated an improved number of workers compared to recent years, we must remember that the labour market crisis has lasted a decade in Spain, yet we are still witnessing levels of unemployment that are triple the OECD average. Improved adaptation of worker skills to meet company needs is essential in order to build the balanced, sustainable model that must be the vision of the future. Flexibility is the watchword, with the areas of contract legislation and education and training potential areas for improvement.

Chris Dottie, Managing Director, Hays Spain

Country Profile

Last year, Spain’s economy grew more rapidly than it had since 2017, and the unemployment rate from 22 per cent to under 20 per cent, suggesting demand for labour in the country is beginning to pick up.

If the economy continues to improve, one of the challenges for businesses looking to attract new people is the country’s high long-term unemployment rate. Many people have seen their skills erode while out of work for extended periods of time, which will have diminished the pool of talent employers can choose from. In addition, Spain’s working age population is expected to shrink by 1.3 per cent between 2015 and 2020, further restricting the number of people that the country’s employers can tap into.

Key skills in demand

  • Data analysts
  • .net programmers
  • Sales people with language skills
  • Property portfolio managers
  • Industrial engineers with language skills

News and Press Materials

Chris Dottie, Managing Director, Hays Spain