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In this article: 15 countries with the worst labor shortages in Europe. We also discussed broader professional challenges in Europe. If you want to skip the detailed analysis, please proceed directly to the next page. 5 countries with the worst labor shortages in Europe.
In 2022, despite several challenges such as geopolitical tensions and economic slowdown, the EU showed exceptional resilience in its labor market. Employment increased to a record high of 213.7 million people, and the employment rate reached a record high of 74.6%. At the same time, the unemployment rate fell to a historic low of 6.2%, and the youth unemployment rate fell to 14.5%. For more information on the unemployment rate, see below. Countries with the lowest unemployment rates.
but, Labor shortage in Europe This problem persists across all skill levels and impacts critical sectors such as construction, healthcare, and STEM fields. This shortage is further exacerbated by the aging of the population, as the working-age population is decreasing year by year. 272 million people in 2009 to 265 million people It is predicted to decline further in 2022, dropping to 258 million by 2030. For more information on global labor shortages, see the countries below. World’s worst labor shortage.
Despite the progress of the digital transition, its impact is mainly limited to ICT-related occupations, with one-third of the skills required being digital. However, due to evolving skill requirements and poor working conditions in certain sectors, talent shortages are expected to continue across a wide range of occupations. Migrant workers from outside the EU make a significant contribution to filling these gaps, especially in low-skilled occupations. Gender discrimination in the workforce further complicates the problem, as 86% of understaffed occupations are caused by gender imbalance.
Amazon.com, Inc (NASDAQ:AMZN) has pledged to hire 5,000 refugees across Europe within the next three years and expand their efforts beyond those in the United States. Additionally, through AWS’s ITSkills4U program he aims to provide training to 10,000 Ukrainians. The initiative is a response to the escalating refugee crisis, which has more than 35 million refugees worldwide and is expected to rise to 1.2 billion by 2050 due to climate change and natural disasters. It is something that
Amazon.com, Inc.’s (NASDAQ:AMZN) Welcome Door Program provides tailored support for refugee and humanitarian immigrant employees, including immigration processing cost coverage, mentoring, and training and education benefits. As part of World Refugee Week, Amazon.com (NASDAQ: AMZN) volunteers are packing more than 50,000 hygiene kits for displaced people across Europe.
It’s also worth highlighting that Amazon.com, Inc (NASDAQ:AMZN) recently celebrated its 20th anniversary in Luxembourg. Employing more than 4,250 employees from 100 countries, Amazon.com (NASDAQ: AMZN) has become the country’s second-largest employer, and between 2010 and 2022 it will generate more than 6.6 billion euros. invested and contributed significantly to the local economy.
On the other hand, Marriott International, Inc. (NASDAQ:March) pledged on World Refugee Day to employ more than 3,000 refugees around the world by 2026. This includes a commitment to employ 1,500 refugees in Europe by 2026, in addition to the 1,500 refugees already targeted for employment in the United States by 2025. This initiative highlights the highlights. How Marriott International Inc. (NASDAQ:MAR) is committed to promoting inclusion and economic opportunity within the communities it serves. Currently, Marriott International (NASDAQ:MAR) already employs more than 970 refugees across its European hotels.
Additionally, collaborations between Marriott International (NASDAQ:MAR) and organizations such as the International Rescue Committee (IRC) have enabled the training and employment of approximately 1,000 refugees in the United States since 2016. These initiatives aim to provide skills development and support to refugees. Get training in the hospitality industry and empower yourself to build a better future for yourself and your family. Marriott International (NASDAQ:MAR) continues to demonstrate its role as a leader in corporate social responsibility through its commitment to refugee employment and partnerships with organizations such as the IRC, creating a positive and sustainable impact around the world. continues to produce.
Software engineers collaborating on a project while sitting in a shared workspace.
methodology
for Countries with the most severe labor shortages in Europeusing ManpowerGroup. report About the human resources shortage in 2024 Percentage of skilled labor shortages by country.For similar skilled labor shortage rates, the World Bank data Regarding the aging population (percentage of total population) by country as a tiebreaker. Countries with high aging rates ranked high. By the way, Insider Monkey is an investment site that uses a consensus approach to identify the best stocks from over 900 hedge funds that invest in US stocks. The website tracks the movements of company insiders and hedge funds. Our top 10 hedge fund consensus stocks outperformed the S&P 500 stock index by more than 140 percentage points over the past 10 years (Please see here for the detail). So if you’re looking for the best stocks to buy, you can benefit from the wisdom of hedge funds and company insiders. here is the list Countries with the most severe labor shortages in Europe:
15. Switzerland
Skilled labor shortage: 73%
Aging population: 19%
According to Adecco, there has been a noticeable relaxation in the IT industry, with the number of job seekers increasing significantly in September last year. In German-speaking Switzerland, the labor shortage was more pronounced at 28%, while in French-speaking Switzerland it increased by 14%. In German-speaking Switzerland, the number of job seekers decreased by 16% and the number of job openings increased by 8% in one year, while in French-speaking Switzerland, the number of job seekers decreased by 10% and the number of job openings increased by only 3%. . This is one of the. Countries with skill shortages in Europe.
14. Hungary
Skilled labor shortage: 73%
Aging population: 20%
Hungary faces a labor shortage amid strict immigration policies, and the government has opened its doors to foreigners.around it 700,000 Around 500,000 new jobs were needed as Hungarians went abroad to work. Companies hire hundreds of workers from Asia every month. Notably, a Hungarian-Italian company has hired 60 Indonesian workers at its electrical wire factory. Despite concerns about cultural fit and wage negotiations, foreign workers are welcomed and are helping to alleviate labor shortages.
13. Belgium
Skilled labor shortage: 74%
Aging population: 20%
In Belgium, a regional shortage occupations list can assist job seekers, especially foreigners, in targeting sectors with a shortage of skilled workers. The regions of Flanders, Brussels and Wallonia manage their lists through their respective employment offices. These lists will guide policy initiatives to address workforce shortages in sectors such as healthcare, IT and hospitality, coinciding with the European Commission’s Year of Skills. This is one of the. Countries in urgent need of European medical professionals.
12. Italy
Skilled labor shortage: 75%
Aging population: 24%
Italy is currently facing severe labor shortages in various sectors and is looking to fill 600,000 job openings by bringing in skilled foreign workers. There is an urgent need in healthcare, science, engineering, and hospitality, with occupations such as doctors, nurses, engineers, and restaurant staff at the top of the list. Italian employers have shown overwhelming interest, submitting 608,000 pre-applications for non-EU workers, but the annual quota is 136,000, making a huge difference. Italy is Worst aging population growth rate in Europe.
11. Sweden
Skilled labor shortage: 77%
Aging population: 20%
In autumn 2022, private employers faced a skills shortage of 41% in recruitment, while public employers in Sweden had a higher share at 60%. Professions such as midwives, civil engineers, IT architects and police officers faced even more acute shortages. Other occupations such as medical assistants, bus drivers and welders also experienced notable deficits. Highly skilled occupations such as doctors and nurse practitioners were particularly affected. Surprisingly, Sweden is one of them. countries with Highest employment opportunities in Europe.
10. Austria
Skilled labor shortage: 78%
Aging population: 20%
Austria plans to attract 15,000 skilled workers From countries outside the EU, annually until 2027 through the red-white-red card system. This reform aims to ease access to the labor market. We aim to speed up procedures through cooperation between organizations. Despite efforts, critics say companies need to improve working conditions to effectively address labor shortages. This is one of the. Countries with the most severe labor shortages in Europe.
9. Spain
Skilled labor shortage: 78%
Aging population: 20%
Spain is facing a severe labor shortage in the hospitality industry, with an incredible demand for 60,000 workers. This shortfall is mainly due to the increase in international tourists, as evidenced by the 65.8% increase in January visitors compared to the previous year.
8. Slovakia
Skilled labor shortage: 79%
Aging population: 17%
In 2022, the presence of Indian workers in Slovakia increased significantly, reaching 1,350 people. This increase is primarily due to worsening talent shortages in the IT and automotive sectors. Confirmation of this increase was announced by the Department of Labor, Social and Family Affairs, highlighting the valuable contribution of Indians and other Asian nationals in filling critical vacancies such as truck drivers and welders. This is one of the. Countries with the highest number of jobs for Asians in Europe.
7. Romania
Skilled labor shortage: 79%
Aging population: 19%
A national survey conducted in Romania in 2019 revealed a significant labor shortage. 300,000 The country could potentially face a labor shortage of one million people, according to the Randstad HR Trends study. This shortage is further exacerbated by the migration of professionals such as health workers, temporary workers, IT professionals and students, all of which contribute to widening inequality.
6. United Kingdom
Skilled labor shortage: 80%
Aging population: 19%
Indeed reports that since the introduction of the post-Brexit points-based immigration system, overseas interest in UK jobs has increased, with inquiries particularly from non-EU countries such as India and Nigeria doubling. The proportion of foreign job seekers rose from 2.2% in April 2021 to 5.5% in June 2023. Key areas gaining attention include social care and software development. Remarkably, the UK took in 338,300 permanent migrants in 2021. Britain is one of them best country for education.
Click here to 5 countries with the worst labor shortages in Europe.
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Disclosure: None. 15 countries with the worst labor shortages in Europe Originally published on Insider Monkey.
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