Italy

4.7

in 2017
4.3
  • 0

  • 2.5

  • 5

  • 7.5

Key drivers

Overall wage pressure (4.0)

Real wage growth is forecast to recover this year, increasing wage pressure towards normal historical levels.

Wage pressure in high-skill industries (2.5)

Wage growth in high-skill sectors has accelerated, widening the country’s wage gap between high- and lower-skill industries.

Labour market participation (3.8)

Falling participation rates contributed to increased labour market pressure this year. The biggest decline is expected to be in youth participation rates, which remain at record lows.

  • Education flexibility
    6.2
    • 0

    • 2.5

    • 5

    • 7.5

  • Labour market participation
    3.8
  • Labour market
    flexibility
    6.4
  • Talent mismatch
    8.4
  • Overall wage pressure
    4.0
  • Wage pressure in
    high-skill industries
    2.5
  • Wage pressure in
    high-skill occupation
    1.3

Carlos Soave
Managing Director, Hays Italy

News and press

Global press release
  • Hays, nonostante crescita arrancano produttività e retribuzioni


    Quotidiano Libero
    read more
  • Hays, lavoro: persiste il divario retributivo di genere in tutti i mercati


    Finanza
    read more
  • Ce la crescita economica globale ma arrancano produttivita e retribuzioni


    Business Community
    read more

View from the Ground

Labour market conditions have improved in Italy and the number of people employed has almost recovered to the 2008 peak. However, the employment rate remains low at 58% relative to some other European countries. While the unemployment rate has fallen from its crisis peak of just under 13% to around 11%, it remains a major concern as 33% of young people are without a job and just under 20% of those in the South of Italy are also unemployed. Real wage growth is expected to recover this year, increasing wage pressure towards normal historical levels, while wage growth in high-skill sectors has accelerated. Falling participation rates contributed to an increase in labour market pressure and youth participation rates remain at record lows.

Carlos Soave, Managing Director, Hays Italy

COUNTRY profile

Employment increased by just over 1% in 2017 to reach levels close to the pre-global recession highs.

This reflected job growth in services, notably the hotels and restaurants sector, and education and health. The rate of job growth was identical across the Centre, North and South of the country, which was unusual relative to recent historical trends.

GDP growth is forecast to be 1.3% in 2018. This is slightly below the rate in 2017. This should be sufficient to ensure employment growth continues at about the same rate as 2017. The unemployment rate is predicted to continue to fall slowly, but the forecast demand for labour seems insufficient to make a major impact on unemployment amongst the young or areas of the South.

Key skills in demand

  • Export Managers
  • Operation Managers/Supply Chain Managers
  • Head of Digital
  • Customer Experience Managers
  • Finance Managers

News and press

Global press release
  • Hays, nonostante crescita arrancano produttività e retribuzioni


    Quotidiano Libero
    read more
  • Hays, lavoro: persiste il divario retributivo di genere in tutti i mercati


    Finanza
    read more
  • Ce la crescita economica globale ma arrancano produttivita e retribuzioni


    Business Community
    read more