Hays Global Skills Index - 2019 Labour Market Trends

Unemployment in the Netherlands reached a 10-year low of 3.8% in 2018 and the job vacancies rate reached an all-time high.

Despite this strong labour market performance, wage growth has been constrained by slow productivity growth and increasing part-time and self-employed work.

Key drivers

Wage Pressure in High-Skill Industries

Weak wage growth in the professional, scientific and technical sector contributed to a narrowing of the gap between wages in high- and low-skill industries.

Labour Market Participation

The participation rate is forecast to rise in the Netherlands, easing the pressure on Dutch firms seeking to expand, as the pool of available workers becomes larger.

Talent Mismatch

While the vacancy rate remains low by international standards, it has risen to its highest rate in over a decade in the Netherlands.

Key skills in demand

• Account Managers
• Software Engineers
• Web Developers
• Sales Managers
• Financial Controllers

Understanding the score

Understanding the score

Each country receives a score between 0 and 10. The score indicates how big or small the pressure on the labor market is. A score above 5 indicates that the labor market is experiencing more pressure than historically, and a score below 5 indicates that the labor market is less under pressure than before.

7 indicators

In addition to the deep analysis of some of the world’s largest labour markets, the report highlights seven factors impacting economies globally

• Education Flexibility
• Labour Market Participation
• Labour Market Flexibility 
• Talent mismatch
• Overall Wage Pressure
• Wage Pressure in High-Skill Industries
• Wage Pressure in High-Skill Occupations