In recent years, Switzerland and Germany have seen a trend where older employees are leaving the labor market at a faster rate than young people are entering. However, this dynamic may be changing in some sectors due to the weak economy. Young employees from Generation Z, born between 1997 and 2012, are gaining more influence in the job market. As a smaller group compared to baby boomers who are retiring in large numbers, they benefit from increased competition for jobs.
Employers often mention that some young applicants have high demands, such as flexible working arrangements, including remote work and part-time options. Despite this, Generation Z individuals are able to negotiate higher starting salaries compared to Millennials or Baby Boomers. In Switzerland, employers are noticing that they need to offer higher salaries to attract and retain young talent, especially in a competitive job market with low unemployment rates.
While the job market may seem favorable to employees, some industries are facing challenges due to weak sales markets and increased cost pressures. Sectors like mechanical engineering, electrical engineering, and metalworking (MEM sector) are seeing job cuts, along with pharmaceutical and banking industries. Companies in these sectors are streamlining their structures to cope with economic challenges.
Despite the overall employee-friendly market in Switzerland, it is important for young employees not to make excessive demands, especially in uncertain economic times. With cost pressures and job cuts happening in some sectors, it is better to approach job negotiations with caution. While Generation Z individuals may have advantages in the labor market, it is important to balance expectations with market realities to secure stable employment.
In conclusion
