Swiss Labor Market 2023: Five reasons for optimism

There is good news for the Swiss labor market in 2023 - especially for skilled workers. The latest data from the Micheal Page Swiss Job Index (December 2022) provides five reasons why job seekers can be optimistic about 2023.

1. Across Switzerland, 8.5 % more jobs advertised compared to the previous year: According to the Michael Page Swiss Job Index, this corresponds to the growth seen in the pre-pandemic period. All regions saw a strong increase in advertised jobs, with the highest growth in the manufacturing regions of Central Switzerland (LU, NW, OW, SZ, UR, ZG) and Northwestern Switzerland (AG, BL, BS). In these regions, growth of +16.7 % and +15.9 % was recorded. Across the board, all regions in Switzerland were able to report positive annual growth.
2. Demand for skilled workers exceeds supply: Many of the job categories grew by over +20 % in 2022. These include categories such as administration, logistics, IT, production and finance. This will further exacerbate the shortage of skilled workers in 2023.
3. Companies create jobs in sales: The more jobs in sales, the greater the expectation of companies that demand and revenue will increase. The number of jobs in sales has increased by +17.3 % compared to the previous year - especially in industries where skilled workers are in demand, such as pharmaceuticals and IT.
4. New job categories are emerging: The energy crisis caused job growth of +30.1 % in the energy sector. Specialty areas such as environmental engineering saw an increase of +19.7 %. A new job category included medical ethics and related law to respond to new developments in the field.
5. Many more local manufacturing jobs: Companies are trying to secure their supply chains. For this reason, the number of advertised jobs increased by over +20 %. The industry thus recorded one of the largest increases.

"Given the strong increase in demand for skilled workers in so many sectors, there are plenty of reasons to be optimistic about 2023," says Yannick Coulange, Managing Director of PageGroup Switzerland.

Source: Michael Page