A message from Jan Jacob,
ManpowerGroup Switzerland Country Manager
"The impact of the economic slowdown, inflation and higher business costs is being felt in the Swiss labor market, but not as much as the economic forecasts suggest. The reason for this is probably the continuing shortage of skilled workers in Switzerland.".
- Despite global and regional risks, Swiss employers are optimistic: hiring intentions for the first quarter of 2023 stand at 24%. This is down 5 percentage points from a year ago.
- Globally, the Net Employment Outlook stands at 23% (-14% compared to Q1 2022). The EMEA region, which also includes Switzerland, reports the weakest employment outlook in the world.
- In Switzerland, all 9 business sectors surveyed expect to recruit year-over-year. Employees in the 'Transportation, Logistics, Automotive', 'Information Technology' and 'Finance/Real Estate' sectors are expected to benefit the most.
- Employment Outlooks remain positive in the 'Health Care & Life Sciences' and 'Consumer Goods & Services' sectors, but decrease significantly.
Every quarter, the ManpowerGroup Employment Outlook Survey determines companies' forecasts for staffing levels in the coming quarter. Internationally, ManpowerGroup surveys approximately 40000 employers in 40 countries. In Switzerland, the national survey is conducted by Right Management Consultants. More than 500 employers from various industries were surveyed.
Igor Hahn, Operations Director Manpower Switzerland, comments on the results of the survey for the 1st quarter 2023