No other country creates as many jobs as Switzerland - an opportunity for senior talent

The labor market in Switzerland is booming and offers numerous job opportunities, including for older workers. According to Manpower's employment outlook for the third quarter of 2024, 54% of Swiss companies intend to increase their workforce in the next three months.[1] This opens up opportunities for job seekers of all ages, especially for experienced professionals over 50.

High demand in various sectors

Surprisingly, even the financial sector is seeing an increase in job opportunities despite the impending job cuts in the Credit Suisse-UBS merger. According to Eric Jeannerod, Head of Switzerland at Manpower, the merger will require enormous resources and expertise in the coming quarters, particularly in IT. This will create job opportunities for business analysts, software developers and regulatory experts.

In addition, the real estate and insurance business is booming, which will offset some of the job losses in the banking sector. The energy and utilities sector is also planning to increase its workforce by 66% over the next few months, boosted by the Yes vote to the Electricity Act and the associated investments in renewable energies.

Advantages of employing older workers

Hiring older employees offers companies several advantages. Experienced specialists bring valuable expertise, maturity and stability. They are also often more loyal and committed than younger employees. Their life experience and wisdom can make a valuable contribution to the company's success.

However, companies must be prepared to invest in the training and retraining of their older staff, particularly in the field of artificial intelligence (AI). According to Jeannerod, many companies rely on AI as an "additional workforce" to take over time-consuming and repetitive tasks. It is therefore important that older employees learn to use AI profitably.

Conclusion

With the Seniors@work platform, companies can benefit from the experience and expertise of older workers and at the same time counteract the shortage of skilled workers. In view of the booming labor market in Switzerland and the high demand in various sectors, there is an opportunity for retired professionals to continue their careers and make a valuable contribution.

To the Blick article:
[1] https://www.blick.ch/wirtschaft/sogar-die-finanzbranche-brummt-trotz-cs-aus-kein-anderes-land-schafft-so-viele-jobs-wie-die-schweiz-id19830812.html