UK ranks third in Europe for finding a job
The UK is the third best country in Europe in which to find a job, according to new research from Glassdoor. Pipped to the post only by Estonia and Norway, the UK ranks level with the United States, a country often used as ‘a benchmark for economic dynamism and job opportunities’.
The intent of this paper was to identify the best (and worst!) European countries for getting a job, to study the difference in the quality of jobs available, and to explore the factors which influence the disparities between different nations. The analysis investigates 17 countries, including the US as a benchmark, and is ‘based on eight key indicators – the change in the employment rate (employment gap) since the onset of the 2008 global financial crisis; the unemployment rate, including for the young; the degree of temporary employment, including for the young; the level of involuntary part-time work; and the share of, and change in, employment by sector’.
The report ranked Spain, Greece, Portugal and Italy as the worst countries in Europe for job opportunities.
The key findings of the report are as follows:
- Estonia, Norway, the UK, and Austria offer the best job prospects and compare favourably with the United States — the country often taken as the benchmark for economic dynamism and job opportunities. These countries get a lot of things right, from the quality of the labour force, including education and training, through to the quality of their labour market policies and dynamism of job creation. That said, much depends on overall economic performance, and there can be little doubt that having large oil revenues has proved constructive for Norway.
- France has a markedly-more regulated labour market than the UK and Germany (since the so-called Hartz reforms of 2003), and offers far poorer job prospects. Spain, Greece, and Portugal, with their even-less-dynamic labour markets and combined lacklustre economic performance, have the worst prospects
- Unemployment is particularly high in Greece and Spain, affecting around 25 percent of the labour force; and lowest in Norway, Switzerland, and Germany (5 percent or less).
- Spain, Greece, Italy, and Portugal have dramatically-high levels of youth unemployment and are by far the worst countries in which to be young and looking for work; Germany, Norway, and Switzerland are the best.
- It is easier to transition from a low-paid job into a high-quality job than to get there directly from unemployment.
- Temporary contracts often mean less-than-ideal working hours, little _exibility, low pay and job security, and affect the young disproportionately. They are most common in Spain, the Netherlands, and Portugal, affecting more than two in ten employed; and least common in Estonia, the UK, and Norway. Germany, Austria, and Switzerland have bounced back strongly from the 2008 crisis, yet temporary employment amongst the young is relatively common.
- Involuntary part-time work has increased across the board since 2008, except in Germany, Belgium, and Sweden. The proportion of those who work part time, but would rather work full time, is highest in Italy, Spain, and Ireland, at around one in ten.
- The service sector’s importance has increased markedly. It employs the most people (accounting for around two thirds or more of total employment) and offers a wide range of jobs.
Check out the full report here for a more detailed exploration of the factors surrounding job opportunities and economic regrowth.
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