Today : Feb 25, 2025
Economy
24 February 2025

Slight Growth Observed In Swiss Labor Market By End Of 2024

While employment is up, companies show caution about future hiring amid declining vacancies.

Switzerland's labor market exhibited signs of slight growth by the end of 2024, with total employment rising marginally, yet companies are displaying caution about future hiring. The Federal Statistical Office (FSO) reported on Monday, January 15, 2025, there were 5.5 million jobs available, reflecting an increase of 48,300 positions, or 0.9%, compared to the previous year.

Despite this positive news, the outlook among employers is less optimistic. Vacancy rates dropped by 17.1% compared to 2023, indicating easier recruitment conditions for qualified personnel. Companies are now reporting fewer recruitment difficulties, with the percentage of firms stating challenges declining to 37.6%, down from the previous year.

When digging through the numbers, it's clear the tertiary sector dominated employment increases, welcoming 41,600 new positions, with overall jobs increasing by 6,500 from the last quarter of 2024. Full-time jobs alone grew by 40,800 positions, marking solid health for the sector.

Yet, as the employment outlook indicator slipped slightly year-on-year, from -0.9% to 1.04%, it raises questions about long-term stability with only 11.7% of companies planning to expand their workforce, compared to 12.5% the prior year. This cautious sentiment also observed those preparing for reductions increasing from 4% to 4.7%.

Shifting gears to women’s representation within the Swiss workforce, the proportion of female leaders took notable strides, as reported by business information service CRIF. By February 2025, women held 28.4% of all management positions captured by commercial registers, reflecting a 2.9 percentage point increase from 2014. Notably, the cantons of Aargau and Basel-Country led with nearly one-third of managerial roles occupied by women.

Despite these advances, data reveals substantial regional and sectoral variances. Women achieve the highest presence in the veterinary sector at 55%, and social services also indicated substantial representation. Yet, sectors such as civil engineering lag behind significantly, with female managers constituting less than 15%.

The increase of women holding board positions, now at 24.7%, still shows less dramatic growth compared to management roles, but does demonstrate progress—particularly with 26.5% representation seen within the canton of Basel-City.

While the statistics showcase encouraging trends, experts stress the necessity of engaging men more actively to support women advancing within workplaces. Surveys indicate gender equity improvements should involve shared responsibilities across both men and women.

When examining employment patterns over the past year, the results are mixed. The labor market retains stability within high-demand sectors but still navigates shifts across various industries. While some companies celebrated recruiting successes, especially within the service industry, secondary sectors like manufacturing faced challenges.

Looking outward, Switzerland's proactive stance toward foreign recruitment policies has been effective, drawing skilled professionals from abroad, which may become more necessary as domestic hiring slows. Employers are called to rethink strategies around attracting talent, especially as competition rises.

With employers taking stock and evaluating both successes and challenges, the labor market's future hinges not just on the raw numbers but on how effectively companies can navigate these trends. Amid declining vacancies and cautious hiring outlooks, Switzerland's labor market enters 2025 with hopes for fostering resilience and equitability.

Overall, as the country progresses toward potentially more inclusive workplaces, the balance remains on achieving gender parity across all sectors swiftly. Those monitoring these developments will be eager to see how these statistics shape company policies moving forward, and whether the severe labor gaps can be addressed sustainably.