28.10.2020 – 15:00
Swiss Staffingindex - A Second Wave of Coronavirus Threatens the Swiss Labor Market
The staff leasing sector serves as a gauge for the Swiss economy as a whole. In the third quarter of 2020, the Swiss Staffingindex was down 16.7% on the previous year. This meant that the benchmark index for the sector only rose very slightly compared with the second quarter. Despite some easing of restrictions, the coronavirus crisis is driving staff leasing companies deep into the red. It is becoming increasingly difficult for job seekers to find employment. The acute second wave and the threat of new countermeasures mean that the fourth quarter is likely to see an even bigger slump in business than the one experienced during lockdown.
A second lockdown would be fatal for the Swiss labor market. In the spring, companies and employees were able to ride out the lean period together. Given the reserves expended to do so, any further setbacks are likely to result in a wave of redundancies. There is, however, a glimmer of hope for Swiss industry: low infection rates have enabled economies in Asia to recover quickly, creating opportunities for sales and jobs.
Flexible workers as support for cantons and health care
Contact tracing, public employment services, and health care are currently in urgent need of personnel. "Staffing service providers are helping hospitals and cantonal offices to recruit the staff they need", explains Myra Fischer-Rosinger, Director of swissstaffing. "When it comes to recruitment, staff leasing companies are the second most important point of contact for job seekers after regional unemployment offices (RAVs). The sector is therefore making a key contribution to society."
More statistics can be found at this link.
Marius Osterfeld, Economist
Tel: 044 388 95 70 / 079 930 45 25
Blandina Werren, Head of Communications
Tel: 044 388 95 35