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Old 10.02.2020, 10:07
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Trend of unemployment?

Has anyone else noticed a recent trend of unemployment in those around them here in Suisse? All the news articles lately state that unemployment is at an all time low. However, at least 4 highly educated people from 3 separate companies have been laid off very close to me in the last 3 months. Given I don't know that many people here to start with, this is highly stressful and was wondering if it was just a "local weather storm"
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Old 10.02.2020, 10:54
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Re: Trend of unemployment?

Not in my experience. Just noted that the salary levels aren´t often not as high as they used to be.


Check your network, use Linked-In and check the usual job sites.


Good luck
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Old 10.02.2020, 11:00
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Re: Trend of unemployment?

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Not in my experience. Just noted that the salary levels aren´t often not as high as they used to be.


Check your network, use Linked-In and check the usual job sites.


Good luck
Thanks - seeing the lower salary levels where I work too.
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Old 10.02.2020, 11:11
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Re: Trend of unemployment?

Been noticing the same here in Germany, employment is high, however the wages are dropping and at the same time costs are going up. I´m not sure if it is just a correction or a downward sprial.
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Old 10.02.2020, 11:12
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Re: Trend of unemployment?

@slammer - I have perhaps an irrational fear that we're being uber-ized... I actually think a lot of the specialty work in the future will be done on a contractual, ad-hoc basis if not already. Of course, we've seen a lot of that, but it's slowly moving into more domains is my feeling...
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Old 10.02.2020, 11:18
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Re: Trend of unemployment?

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@slammer - I have perhaps an irrational fear that we're being uber-ized... I actually think a lot of the specialty work in the future will be done on a contractual, ad-hoc basis if not already. Of course, we've seen a lot of that, but it's slowly moving into more domains is my feeling...
Just as a matter of interest, what is your domain?
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Old 10.02.2020, 11:21
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Re: Trend of unemployment?

The unemployment rate is actually the lowest in the last ten years (probably longer, but that was the max range I could find within 3 mins online...).

What I have witnessed in the past 1-2 decades that I know CH well: the incomes are very slowly decreasing and getting closer to the neighbouring countries. Entry level jobs and low-end jobs in general are still comparatively very well paid, but professional rates have suffered so much that I dont think CH is always offering the financially best deal (as used to be the case).

So:
Unemployment? No
Underemployment? Maybe for a few, but the vast majority is not in the gig economy...
Pressure on purchasing power? Certainly
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Old 10.02.2020, 11:47
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Re: Trend of unemployment?

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@slammer - I have perhaps an irrational fear that we're being uber-ized... I actually think a lot of the specialty work in the future will be done on a contractual, ad-hoc basis if not already. Of course, we've seen a lot of that, but it's slowly moving into more domains is my feeling...
yes some fields of activity are slowly being uber-ized.
or outsourced to near-shore.
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Old 10.02.2020, 12:21
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Re: Trend of unemployment?

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Has anyone else noticed a recent trend of unemployment in those around them here in Suisse? All the news articles lately state that unemployment is at an all time low. However, at least 4 highly educated people from 3 separate companies have been laid off very close to me in the last 3 months.
Laying off one expensive person while employing 3 cheap ones will definitely knock down the unemployment rates. Fast investments aren't the best in a long term but local fast investments might be.

I think it is a logical trend. Not a local storm at all.

Last edited by MusicChick; 10.02.2020 at 17:11.
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Old 10.02.2020, 12:30
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Re: Trend of unemployment?

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Has anyone else noticed a recent trend of unemployment in those around them here in Suisse? All the news articles lately state that unemployment is at an all time low. However, at least 4 highly educated people from 3 separate companies have been laid off very close to me in the last 3 months. Given I don't know that many people here to start with, this is highly stressful and was wondering if it was just a "local weather storm"
It entirely depends on the nature of their work and age... yes unemployment is low, but it is not across the boards. If you are over 55, then it is almost impossible to get a new permanent position.
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Old 10.02.2020, 14:09
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Re: Trend of unemployment?

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yes some fields of activity are slowly being uber-ized.
or outsourced to near-shore.
I second that. This trend was seen both in my former and current company. Scary times yes but also stabilization trends. In the end, there is only so much that can be off-shored
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Old 11.02.2020, 11:24
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Re: Trend of unemployment?

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Not in my experience. Just noted that the salary levels aren´t often not as high as they used to be.


Check your network, use Linked-In and check the usual job sites.


Good luck
LinkedIn? - not really - just CV trawlers and hobby recruiters! waste of time
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Old 11.02.2020, 11:37
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Re: Trend of unemployment?

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LinkedIn? - not really - just CV trawlers and hobby recruiters! waste of time

Just explore any possibility. My last 2 jobs I got through someone who contacted me on LinkedIn.
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Old 11.02.2020, 12:32
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Re: Trend of unemployment?

Von Rundstedt, an HR company in Switzerland, surveyed the job change market in 2019. Some insightful statistics:

Ave. months to find a new job by age:
a. under 30: 3.4 months
b. 30 - 40: 4.2 months
c. 40 - 50: 5.8 months
d. over 50: 7.8 months

Reason for termination:
a. Restructuring & M&A: 42%
b. Reduction in personnel: 29%*
c. Lack of performance: 16%
d. Personal reasons: 13%

*- This would likely include outsourcing/ off-shoring.

Jobs found by search channel:
a. Published jobs: 41%
b. Personal network: 33%
c. Self-employment: 9%
d. Recruiter: 8%
e. Spontaneous application: 5%
f. Social media: 4%

https://www.rundstedt.ch/wp-content/...n_2019_DEU.pdf
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Old 11.02.2020, 12:37
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Re: Trend of unemployment?

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Has anyone else noticed a recent trend of unemployment in those around them here in Suisse? All the news articles lately state that unemployment is at an all time low. However, at least 4 highly educated people from 3 separate companies have been laid off very close to me in the last 3 months. Given I don't know that many people here to start with, this is highly stressful and was wondering if it was just a "local weather storm"
So 4 people from 3 large companies containing many employees is somehow statistically significant? It means nothing other than you know 4 people who got made redundant.

It really depends what areas and industries you work in. Some things are steadily being outsourced, and some people (regardless of how highly educated they are, which is not necessarily a sign of how good or useful they are) just no longer provide enough value to a company for their salary or are no longer needed and so are let go.

Switzerland still has a very low unemployment rate.

Last edited by Chuff; 11.02.2020 at 12:56.
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Old 11.02.2020, 13:37
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Re: Trend of unemployment?

Knowing a lot of people in 'Big Pharma' in Basel I think, subjectively, that there is a trend of taking out a lot jobs at 140k+ (typically 50+) and looking to outsource and/or hire in 'on the cheap'.

I know for sure that the number of externally advertised jobs is pretty close to the internal number for at least one big player, implying that re-orgs are there to bring in 'outsiders', presumably at lower costs

I think in 10 years time Switzerland's 'special status' will have gone with salaries and, presumably, costs more on par with southern Germany.
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Old 11.02.2020, 13:46
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Re: Trend of unemployment?

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Has anyone else noticed a recent trend of unemployment in those around them here in Suisse? All the news articles lately state that unemployment is at an all time low. However, at least 4 highly educated people from 3 separate companies have been laid off very close to me in the last 3 months. Given I don't know that many people here to start with, this is highly stressful and was wondering if it was just a "local weather storm"
When you get to 50 years old you are out. Too expensive! You are just a means to an end for these big corporations
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Old 11.02.2020, 13:51
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Re: Trend of unemployment?

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......
Ave. months to find a new job by age:
a. under 30: 3.4 months
b. 30 - 40: 4.2 months
c. 40 - 50: 5.8 months
d. over 50: 7.8 months

....
Wonder what the spread of those averages are. The fastest I've gotten a job is 2 years. 3 years now searching for the next one.
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Old 11.02.2020, 13:55
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Re: Trend of unemployment?

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Wonder what the spread of those averages are. The fastest I've gotten a job is 2 years. 3 years now searching for the next one.
It obviously depends on a job.

And then - they say the "experts" are needed but then one finds out that they mean those who haven't finished school yet and cost a fraction.
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Old 11.02.2020, 14:06
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Re: Trend of unemployment?

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When you get to 50 years old you are out. Too expensive! You are just a means to an end for these big corporations
It is probably lesser question of the age, more question of the actual salary. Over 50 and not expensive get hired.
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