Swiss Job Numbers Up but too Few Qualified Workers

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Investec
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In the second quarter of 2018, the number of jobs in Switzerland rose to 5.048 million, a 2.1% increase on the second quarter of 2017.

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Regions rising the most were Lake Geneva (+3.0%), north west Switzerland (+3.0%), central Switzerland (+2.4%) and Zurich (+2.1%). Rises in job numbers in eastern Switzerland (+1.6%), Mittelland (+1.3%) and Ticino (0%) were lower.

Sectors with the highest vacancy rates were IT (4.0%), information and communications (3.1%) and electronics and watch making (3.0%). All were up sharply since Q2 2017.

Finding qualified staff was increasingly difficult in sectors such as electronics and watch making, where 40% of employers found it difficult to find qualified graduates. Other sectors faced with the same challenge include IT (31%), information and communications (35%) and financial services (32%).

The regions worst affected by a shortage of qualified graduates were Zurich (20%), north west Switzerland (17%) and Lake Geneva (16%).

About Investec

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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