04.09.2023

A snapshot of the Swiss labor market.

Inflation, the war in Ukraine, the heat wave... These are all subjects that deserve our attention. What about the job market in these turbulent times?

 

The unemployment rate.

Unemployment in Switzerland remains particularly low compared to neighboring European countries. With around 186,000 unemployed (source: Federal Statistical Office), the rate stood at 3.7% of the working population in the second quarter of this year.

Is it better than in 2022 over the same period? Yes, a decrease of 0.4% was observed.

Who is most affected by unemployment? Unsurprisingly, women are more impacted, as well as foreigners and young people under the age of 25.

On a positive note, the number of people without long-term employment, i.e. one year or more, is falling to around 86,000 people in Switzerland.

 

The job market

Robust is the term used to describe the Swiss labor market. 

As the winter was relatively mild, an energy crisis was narrowly averted, keeping the economy as a whole healthy. 

The number of open positions; Demand for labor remained stable in the first half of the year despite a difficult global economy.

 

The new professions

Technology continues to play a central role in changing the skills required to land a job.

Even though demand remains solid in the industrial sector, particularly for technical and manual positions, new professions are  emerging and are inspired by the societal and economic trends observed in recent years.

We can mention new professions in the energy sector, in the environmental technologies sectors or in medical ethics and legislation.

Sales functions are not new but are on the rise, especially in pharma and IT. This is an encouraging factor because the investment of resources in these positions demonstrates confidence in the economy and the future of the companies concerned.

 

Languages!

Recent studies indicate a clear advantage for jobseekers who can express themselves in several languages. 

German goes far beyond a second language required in job postings; As some offers only appear in German even for a position in French-speaking Switzerland, the message is clear...

This is followed by English, French in German-speaking Switzerland and, to a lesser extent, Italian.

Do you want to increase your chances of being hired? Sprechen Sie Deutsch? Do you speak English? Nein? No? It's time to get started!

This factor is not to be underestimated, it represents more than a third of the offers published in 2022.

 

And what about AI?

Workers, drivers, cashiers... Here are a few jobs that are already suffering from automation. The replacement of these professionals will undoubtedly continue in the coming years with the continued development of AI and its cross-cutting applications.

White-collar workers will also be affected. Banks are particularly active in the management of funds and investments. New technologies, increasingly powerful algorithms and AI are already replacing part of human resources, which are overtaken by the speed and precision of administrative processing and operations.

A point of attention is currently being raised regarding the ethical nature of CEW. Whether it is for recruitment, the unconscious biases encoded in algorithms and the obvious questions around data security and the freedom of action of machines, the authorities, especially in Europe, are looking into the establishment of rules and laws to be respected during the deployment and use of this technology.

Still, there's reason to be optimistic too. 

You don't get rid of a human so easily! 

The health sector, education, scientific professions, communication professionals... Although strongly influenced by IT platforms and new technological tools, they are expected to benefit from growth in the jobs on offer. 

The same applies, of course, to IT and digital professions. 

AI will become an essential partner in these positions, so profiles with technology skills, knowing how to communicate in different languages... should stand out from the crowd and start a great career. 

So grab your keyboards! No, it's outdated. To your smartphones! Doesn't it get any better? OK, it's time for me to educate myself too!

 

Your insurance

No one is immune to an unpleasant surprise. The market is robust, and the unemployment rate is low, but a job is never guaranteed.

So remember to protect yourself against possible risks by subscribing to  job loss insurance.

To find out more, simply visit the Milenia platform. 

This will allow you to compensate for a loss of income during your period of inactivity and thus maintain your purchasing power at the same level as before while you learn a second language while applying for the position in medical ethics that requires a master's degree in coding. 

All you have to do is get started!

 

Your partner

The Milenia team  is at your disposal. Whether you're working or looking for a job, your projects don't wait. 

Do you need to finance a purchase? Do you have to deal with the unexpected? An opportunity arises and you want to seize it but you lack the funds? 

Contact us. We will be able to draw up your personal loan file in order to put all the chances of acceptance on your side!

Does it take time? On the contrary, it's lightning fast.

It's complicated? Simplicity is one of our values. That says it all.

Is it expensive? Not a franc. In fact, if you are asked to pay an application fee or an administrative fee, run away and come and see us. 

With us, you won't have to pay a cent, our charges are covered by our banking partners, not our customers.

We don't just do credit! 

Although we are part of the leading credit player in Switzerland, our services extend beyond that. 

Unemployment insurance , cleaning your credit data in official databases, credit cards... Our solutions are innovative, simple and effective.

Still not convinced? 

Contact one of our advisors and you'll see for yourself. 

It's non-binding and it's free!

 

 

 



Related articles

09.01.2024
Telecommuting: flop or not?

Since the Covid pandemic, companies have multiplied remote working methods. The most widely used is telecommuting. Two years later, has this method been successful?

 

Let's take a step back

During the lockdown, the world of work experienced a real shift.

Companies had to adapt and various means were put in place to ensure the continuity of services, sales, and the very functioning of the organization.

Do you remember?

The famous cardboard box filled with a computer, a mouse and a screen that the employees took home...

We somehow settled down somewhere in our apartment or our house.

The less fortunate had to sit on an old table at the back of their bedroom.

Children screamed in the background and parents had to juggle their work responsibilities with those of being a mother or father.

Ah... What wonderful memories!

In addition, the schedules became confused. There was no beginning and no end. We were already connected before, but now the workplace had invited itself into our home, into the family, into our home.

However, not everything had to be thrown away.

The doctor's appointment, the receipt of the Zalando package, the visit of the plumber... What required us to take time off or organize ourselves differently simply fit into his work schedule, on site.

Above all, no more time wasted on the road or on the train. We earned two hours of our living every day. That's no small feat...

We weren't the only ones. Hundreds of millions of people around the world, by obligation or freely, switched to this new way of working.

It was necessary to put in place state-of-the-art technological and IT infrastructures to enable more secure virtual exchanges of information via videoconferencing or e-mail.

It was necessary to set up a teleworking policy to give directives on working hours, the availability of employees and managers so as not to be too intrusive in private life.

Finally, regular reviews were required to assess the effectiveness of telework policies and gather feedback from employees.

The big winners? Zoom, Teams, Skype, Webex... It was a good time and the number of users exploded

 

Video conferencing platforms

In order to establish clear and effective communication channels, it is necessary to have instant messaging and video conferencing tools to maintain smooth communication between team members. This transition is being made by different players who bring specificities specific to each sector.

You may have seen that.

Some companies will use the Zoom platform, which allows simple video conferences with a discussion thread, which is easy to use and not very connected to other services.

Others will use Microsoft Teams or Webex, which offer more integrated and secure business solutions.

Skype and Google Meet round out the market leaders, at least in Europe.

 

And what about employers?

The main fear of some employers during this pandemic?

Decreased productivity.

The prevailing thought was that employees, less supervised than before, would work less given this new organizational freedom.

The endless breaks, the last-minute shopping, the Netflix binging...

We're not going to lie, the majority of teleworkers have taken advantage of this to better combine professional and personal needs.

There have been many productivity studies, too many to mention here.

In the end, productivity dropped slightly on average, but this varied enormously depending on the functions and responsibilities.

Profiles whose tasks were recurrent completed their work more quickly and, not needing to do more, to take advantage of the time available to go about their personal business.

Others worked even harder, especially early in the morning, late at night, or on weekends.

Where some managers suffered from a lack of supervision (monitoring?) of their teams; Some employees did not take well to the distance, the lack of clarity on the establishment of rules... All of them missed interpersonal relationships and this may have impacted the corporate culture and sense of well-being.

In conclusion, there is neither one statistic valid for everyone nor a representative feeling of all employers and employees. However, there is no doubt that the world of work has changed and the effects continue today.

 

Exactly. And today?

Companies are adapting to the demands of employees, especially young people entering the workforce.

They demand flexibility, adapted schedules and, yes, telecommuting.

In Switzerland, the job market is in favour of job applicants. Companies must therefore remain attractive and take these demands into account.

Companies are implementing hybrid work modes that allow the employee more time to work from home but require them to be present for a certain number of days in the office. Again, there is no single rule.

Some organizations simply refuse the principle of remote work.

Others impose a fixed day of attendance.

Some leave the choice to their teams.

One thing is for sure, remote work is here to stay, in one form or another.

More than controlling productivity, more than managing teams and workloads, the real challenge is to keep the links between employees, to ensure proximity between managers and their teams.

Finding a balance between the attractiveness of the employer brand, individual well-being and the needs of the company; This is where the effort must be directed for the future.

 

At work and at home, Milenia is always available

Accessing credit through our financing platform has never been easier.

Everything is within your reach, with customization according to your projects, we accompany you from start to finish so that your projects can see the light of day.

For your personal loan, we offer the best market conditions with 0 application fees. Everything is designed to make your life easier.

Your loan application can be done entirely remotely, with support from your personal advisor or both at the same time.

The flexibility, adaptability, personalization of your offer... All of this is embedded in our approach and services.

As the leading credit player in Switzerland, place your trust in us so that your personal dreams and projects come true.

 

 

 

 

Read More …

30.01.2022
Great things happen when people communicate well! This is the credo of Atolo, our partner that we are pleased to introduce to you.

Much more than a service provider, Atolo has become a partner of choice for Milenia. We present to you this company that is atypical in its approach and vision.

Read More …

24.01.2022
Your online purchases. Our tips for a secure transaction.

Nothing could be simpler than completing a purchase on an online platform. It's convenient and fast. Be careful, however, to take the necessary precautions to avoid the nightmare.

Read More …

10.01.2022
Technology at the service of the user experience.

As a financing platform, Milenia works every day to continuously improve your user experience. Technology is an essential part of this dynamic.

Read More …

09.05.2022
Interview with Dominique Loparco: When enthusiasm and perseverance overcome the effects of an invisible disability.

Touching and sincere interview with our colleague Dominique, who was struck by an extremely rare disease and who, by dint of tenacity and the support of his loved ones, was able to overcome the constraints imposed by his disability. 

Read More …

Loan illustration: loan of CHF 10'000. Effective annual interests rates between 4.9% and 11.95% over a 12 month period lead to total interests of between CHF 261.80 and CHF 624.80. Duration: 6-120 months; Maximum annual interest rate (including all loan handling costs) 11.95%. Loans approval are prohibited if they lead to excess debt for the consumer. (Art. 3 LCD)

 

We use cookies to improve our services. By continuing your navigation on the site, you accept their use. More information here