You are on page 1of 1

Forecast gures for 2013

Copyright Hays plc 2013. HAYS, the Corporate and Sector H devices, Recruiting experts worldwide, the HAYS Recruiting experts worldwide logo and Powering the World of Work are trade marks
of Hays plc. The Corporate and Sector H devices are original designs protected by registration in many countries. All rights are reserved. The reproduction or transmission of all or part of this work,
whether by photocopying or storing in any medium by electronic means or otherwise, without the written permission of the owner, is restricted. The commission of any unauthorised act in relation to
the work may result in civil and/or criminal action.
THE HAYS GLOBAL SKILLS INDEX 2013
VIEW FROM THE GROUND
The period of economic instability recently experienced in Portugal has highlighted old issues within the labour
market, as well as creating new challenges. The talent mismatch has been one of the most serious issues to face the
Portuguese labour market and the issue continues to worsen as thousands of young job seekers are now leaving the
country. It is essential to create policies that attract and retain these young professionals. It is also very important to
establish better communications between educational institutions and the labour market to x this lack of skills and
thus reduce wage pressure.
Paula Baptista, Managing Director, Hays Portugal
4.6
6.4
6.1
10.0
4.7
10.0
0.0
BACKGROUND
ECONOMIC DATA
KEY FINDING
Wages in high-skill industries are
expected to push the Index score
higher in 2013 than it was in 2012.
Employers are having to pay an
increasingly high premium to attract
talent in select industries.
DOWNWARD PRESSURE FROM
Wage pressure in high-skill occupations
Increase in education levels
Net in-migration
UPWARD PRESSURE FROM
Structural unemployment
Wage pressure in high-skill industries
Labour market regulations
10.5m
7.7%
15.9%
15,800 15,400
167 162
10.5m
8.7%
-3.2% -2.8%
18.0%
6.0
OVERALL SCORE COUNTRY PROFILE
Portugals overall score is
6.0, which is indicative of
medium strength labour market
pressures. While Portugal has
sufered a deep economic
contraction, the adjustment
process in the labour markets is
proving to be a slow one. This
combination means that some
employers, particularly in high-
skill industries, may face difcult
economic circumstances at the
same time as they struggle to
attract and retain the key talent
they need. 0
2.5
5
7.5
10
BREAKDOWN OF SEVEN INDICATOR SCORES
Indicators
Education
exibility
Talent
mismatch
Overall wage
pressure
Labour market
participation
Labour market
exibility
Wage pressure in
high-skill industries
Wage pressure in
high-skill occupations
Scores 5 0 10 2.5 7.5
UNEMPLOYMENT
GDP
Long-term unempl. rate
Unemployment rate
*2013 prices
GDP/head (EUR*)
GDP (Billion EUR*)
GDP Growth
POPULATION
2012 2013
5.3
in 2012
PORTUGAL