Q2 2023: Finance Recruitment Market Update - Switzerland

As we concluded 2022, we experienced normal market conditions across Switzerland. And, as predicted, an extremely high volume of hiring started from January onwards. 

At EMEA Recruitment, we analyse market data so that we can understand trends and skills shortages to provide factual evidence to our candidates and clients. Some of this data - and feedback from companies that were recruiting during Q1 - has been used to produce the following overview:

German-speaking region

• Over 100% increase in directly advertised Finance roles during January to March 2023 compared to the same period of 2022
• Many roles seen in January were re-advertised in March, as they failed to attract the desired audience
• Companies requiring fluent German language skills experienced the greatest difficulties in hiring
• Significant increase in roles advertised by Swiss-owned international companies compared to those with non-Swiss ownership

French-speaking region

• Similar volume of vacancies during January to March 2023 as we saw in the same period of 2022
• Slight reduction in roles advertised by Swiss-owned international companies, but a corresponding increase in roles advertised by non-Swiss-owned international companies

Hybrid thoughts

• Requiring 4-5 days’ attendance in the office does impact the diversity of candidates attracted to the role
• We have seen very little evidence of fully remote roles being offered

Job-seeking process

• Candidates are happy to look at attractive opportunities, but those in work are being selective about the roles they consider and are less likely to apply directly to advertisements given the limited amount of information available through that method
• Given the high volume of roles available and the difficulties companies expect when replacing staff, top talent is being recognised more and more by their current employers - therefore, they are more selective about the roles that they would consider externally

What do we expect in Q2?

Business sentiment is still positive, so we expect to see a very busy quarter again for Finance recruitment. We also predict continued pressure on salaries as the battle for talent remains fierce.

Having access to current market information, whether you are job-seeking or recruiting, is more important than ever before.

If you would like to discuss your own career situation or hiring into your team, we would be happy to speak with you. Please reach out to Mark Robinson, Associate Director, for a confidential discussion: mark.robinson@emearecruitment.com