“Optimism in Vaud’s Businesses Despite Recruitment Struggles: CVCI Economic Survey 2023”

2023-05-01 10:10:01

Companies in Vaud are generally optimistic regarding the progress of their business this year. Despite concerns, in particular difficulties in recruiting, nearly 9 out of 10 companies forecast a stable or rising trend in their profits for 2023, shows the latest economic survey from the Vaud Chamber of Commerce and Industry (CVCI).

In terms of employment, a quarter of companies expect to increase their workforce by the end of the year. This proportion rises to more than 40% for companies with more than 100 employees. As for investments, they are expected to rise slightly this year, both in industry and in services, said Monday the CVCI, which conducted its survey from February to April with responses from 745 companies.

The CVCI’s fifteenth “Concern Barometer” shows, however, that businesses in Vaud are far from calm. Faced with a disturbed global context, “the general economic situation worries nearly 90% of the entities surveyed, a proportion never reached before”, writes the CVCI in its press release.

Difficult recruitment

Although they are in slight decline in the industry, the concerns related to the price of raw materials remain strong. The same is true for the hiring of new employees: more than one in two companies are currently having difficulty recruiting staff, compared to 29% during the survey carried out in 2021.

This proportion increases according to the size of the companies, knowing that 80% of companies with more than 100 employees are concerned by this problem (compared to 58% in 2021).

“This labor shortage is therefore on the rise regardless of the level of training (mainly CFC and vocational training, but also Haute Ecole)”, underlines the CVCI.

The companies surveyed mentioned several ways to solve these problems. Starting with “the improvement of professional orientation, the upgrading of certain training courses or even an increase in continuing education”, continues the CVCI. More flexible working hours, tax incentives and more crèche places are also mentioned to improve hiring.

This article has been published automatically. Source: ats

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