Switzerland

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Overall Score

4.3 in 2015 4.6
0 2.5 5 7.5 10

Key Finding

Increasing labour market pressures from reduced participation rate and increasing long-term unemployment are more than offset by a loosening in the talent mismatch indicator, thanks to the free movement of labour between Switzerland and EU countries, and overall wage pressure indicators.

BREAKDOWN OF SEVEN INDICATOR SCORES

Scores
0 2.5 5 7.5 10
Education
Flexibility
3.9
Labour market
participation
5.3
Labour market
flexibility
3.6
Talent
mismatch
3.5
Overall wage
pressure
6.4
Wage pressure in
high-skill industries
5.2
Wage pressure in
high-skill occupations
2.5

COUNTRY OVERVIEW

View from the ground

Despite an expected increase in the unemployment rate during the second half of 2016, we expect to see a gradual improvement of the overall Swiss labour market in 2017 due to the recovery of the economy. The industries’ labour markets will however develop differently given their diverging exposure to current risk factors. These mainly include the implementation of the Swiss immigration initiative – which is still being elaborated – and uncertainty in Europe, which will lead to further revaluation pressures on the Swiss franc.

Marc Lutz, Managing Director, Hays Switzerland

Marc Lutz, Managing Director, Hays Switzerland

Country Profile

The Swiss GDP growth rate is expected to be noticeably lower than the equivalent Eurozone growth forecast in 2016.

A weaker labour market is dampening consumer confidence.

Indeed, the strong CHF has hit labour-intensive sectors, such as tourism and consumer services, particularly hard, while manufacturing employment is also being affected.

Unemployment is forecast to rise by the end of 2016.

Marc Lutz, Managing Director, Hays Switzerland

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