Half of Swiss companies plan to increase their workforce: only one European country has a better job market than Switzerland

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Switzerland is once again the exception: While concerns about the spread of wars in Ukraine and the Middle East slow the economy elsewhere, Swiss companies are diligently investing in growth. 47 percent of employers plan to increase their workforce in the second quarter of this year. That’s the conclusion from recruitment agency Manpower Group’s international employment outlook.

18 percent of the companies surveyed also want to reduce their workforce. As a result, this still leads to a net employment outlook of +29 percent. This places Switzerland among the elite countries internationally: only one country in the EMEA region (which covers Europe as well as the Middle East and Africa) performs better. In the Netherlands, a net 32 ​​percent of companies plan to increase their workforce.

Switzerland’s 29 percent quota may be green and blue enough to make our neighboring countries jealous: In France, 18 percent of employers plan to hire new employees, in Austria and Germany the rate is 17 percent, and in Italy only 9 percent.

Why is the Swiss labor market so much more dynamic than abroad? “The ongoing shortage of skilled workers, demographic change and transformative trends such as artificial intelligence and environmental concerns continue to drive demand for new talent and spur hiring intentions,” said Eric Jeannerod, Manpower’s Swiss boss.

Geneva won, Ticino lost

By industry, companies in the healthcare and life sciences sectors are heaviest in adding jobs. Finance, real estate, logistics and consumer goods and services sectors are also playing a leading role in business growth. Only the employment forecast for the communications services sector is negative.

There are also striking differences within Switzerland depending on the regions. While 50 percent of all companies in the Lake Geneva region create employment, this rate is only 21 percent in the Espace Mittelland region. And in Ticino the employment outlook is actually clearly negative at -14 percent.

And: Switzerland ranks second in the EMEA region, but globally there are other countries behind us. Companies in India (+36 percent), the United States (+34 percent), China (+32 percent) and Costa Rica (+32 percent) are more willing to hire in the next three months than here. Still: The resilience of the Swiss economy, and particularly its labor market, is once again impressive.

Source :Blick