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Switzerland has more job vacancies than jobseekers

Speaking to Tages-Anzeiger, Cornel Müller, director of marketing at x28, Switzerland’s largest job search aggregator, said there was a large jump in the number of jobs available in Switzerland compared to one year ago.

© Hongqi Zhang (aka Michael Zhang) _ Dreamstime.com

At the end of 2017, 178,000 vacant posts were advertised, 22,000 more than at the end of 2016.

The meta search company, which aggregates job ads posted on other websites, estimates that only 3 out of 10 jobs are advertised, so the total number of vacant positions is likely to be far higher.

According to official figures around 147,000 people were unemployed at the end of December 2017. That means there were 31,000 more positions advertised than jobseekers.

Industries with particularly high demand for staff include those in export sectors, buoyed by recent weakening of the franc, and medicine.

Hotly demanded skills include electricians, medical staff and computing experts. The global shortage of computing talent is driven by rising demand and too few training in this field.

Switzerland, like all OECD countries, has high untapped potential. The number of women studying STEM (Science, Technology, Engineering and Mathematics) subjects compared to men is low.

Only 3% of girls in Swiss schools expect a career in engineering or science, compared to 15% of boys. The OECD averages are 5% and 18%.

The gap closes a bit for university graduates in science, mathematics and computing. In Switzerland 35% of graduates in these subjects are women. The OECD average is 41%.

If the number of female graduates in these subjects grew to the level of male ones there would be 30% more graduates in these subjects in Switzerland.

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Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa and Australia, as well as certain other geographies. Investec’s strategic goals are motivated by the desire to develop an efficient and integrated business on an international scale through the active pursuit of clearly established core competencies in the group’s principal business areas.
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