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Overall score

Score by Indicator

7.0
in 2016 6.8
0 2.5 5 7.5 10

Key drivers

Talent mismatch

Swedish firms have been seeking to expand, with a growing number of job vacancies. The rate of these going unfilled indicate employers are struggling to find the right talent.

Overall wage pressure

Overall wage growth this year is expected to be slightly lower than the past.

Wage pressure in high-skill industries

Wage pressures continue to be felt unevenly. Fast wage growth in high-skill sectors such as ICT has led to a widening of the wage spread between high- and lower-skill industries.

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COUNTRY OVERVIEW

View from the ground

Johan Alsen, Managing Director, Hays Sweden

The Swedish labour market is tougher than ever and as a result the Overall Index score has increased by 0.2 compared to the previous year. Companies in the high-skilled industries are struggling to find the right talent and thus wages in these niche industries are peaking. At the same time the Swedish labour market is becoming more fragmented as unemployment remains at rather high levels while wages are decreasing as politicians aim to create more jobs for the less-skilled workforce. In the short term we expect this trend to continue given the little evidence of any changes to the Swedish education system in the near future. Today’s system isn’t flexible enough to adapt to the current needs of the labour market and produce the specific highly-skilled professionals that are desperately needed by businesses.

Johan Alsen, Managing Director, Hays Sweden

Country Profile

There are challenges for employers looking to attract and retain talent in Sweden, as indicated by the country’s high score in the Hays Global Skills Index.

Wage pressures in Sweden, including overall wage pressures and those in higher-skill sectors of the economy, indicate that employers’ demand for labour often outstrips supply.

A significant challenge is talent mismatch: the simultaneous existence of vacancies and people who are looking for a job yet cannot find one because the skills they offer are not those employers are seeking.

Key skills in demand

  • Accounting
  • Payrolling
  • QA specialists
  • Business/financial controllers
  • Project management

News and Press Materials

Johan Alsen, Managing Director, Hays Sweden