2023-08-31 06:18:53
According to a KOF analysis, several factors such as the energy crisis, rising inflation and the end of catch-up effects after the health crisis have led to a decline in international economic indicators. This has led to a decrease in economic output in some countries, including Switzerland, although it should avoid a recession thanks to its relatively high resilience.
Inflation and unemployment rate
Inflation in Switzerland, although relatively low compared to other European countries, remains above the target set by the Swiss National Bank. The KOF expects consumer prices to increase by 2.3% in 2023 and 1.1% in 2024. As a result of weak economic conditions, labor market growth will slow and job creation will also slow. However, this will only have a limited impact on the unemployment rate, which should remain relatively low.
Need for labor
Despite economic concerns and the difficulties facing businesses and consumers, the need for labor remains high, largely due to structural factors such as the retirement of members of the baby generation. business boom and digitization. The skills shortage particularly affects areas such as health, IT, energy, logistics, transport, etc. Yet companies need to rethink their approach to employee engagement and emphasize aspects such as quality of work life and flexibility.
Experts believe that labor shortages are set to persist due to the digitalization of businesses and changing skills demands. To address this, companies need to improve their attractiveness as an employer by offering benefits such as training opportunities, telecommuting and a positive work environment. The outlook for the retail sector, while nuanced due to the uncertain consumer climate, also shows a labor shortage, requiring a similar approach to attracting and retaining employees.
Solutions to deal with the shortage
Solutions to address the labor shortage are proposed, including improving career guidance, continuing education, promoting work flexibility and encouraging the employment of refugees and seniors. Promoting the arrival of foreign specialists in certain fields is also envisaged to fill the skills gaps.
The Swiss labor market in 2023 presents complex economic paradoxes. The persistent labor shortage requires companies to innovate in their approach to attracting and retaining talent.
Further reading:
For a competitive economy, so that Switzerland remains attractive
Economic survey of the CCIG: a Geneva economy under attack
Source : entrepriseromande.ch
Photo credit : VadimVasenin via depositphotos.com
1693463495
#Labor #market #Switzerland