sheet 2

Austria´s experience with the labour market

Mr. Kolarz-Lakenbacher

Topics

Facts & figures – about the Austrian labour market

Austria´s labour market• Labour market policy

• Apprenticeship / dual system in Austria

• Challenges

sheet 3

Facts & figures

A total of 3.449.000 people were in employment in January 2015

406.239 people were unemployed Unemployment rate of 4.9%

sheet 4

GERMANY

AUSTRIA

MALTA

ROMANIA

HUNGARY

BELGIU

M

SLOVEN

IA

EU 2

8

EU 1

5

IREL

ANDIT

ALY

CROATIA

SPAIN

GREECE

05

1015202530

4.8 4.9 5.8 6.4 7.3 8.4 9.7 9.9 10.3 10.512.9

16.4

23.7 25.8Unemployment rate

Fig

ure

s i

n %

Facts & figures

54.691 unemployed young people (age 15-24) Youth unemployment rate 9,0% Low youth-unemployment-rate because of the

education system (apprenticeship / dual system)

sheet 5

GERMANY

AUSTRIA

MALTA

GREAT

BRI...

HUNGARY

EU 1

5

EU 2

8

SWED

EN

ROMANIA

FRANCE

PORTU

GAL

ITALY

GREECE

SPAIN

0102030405060

7.2 9 13.2 16.7 18.9 21.2 21.4 22.5 23.3 25.234.5

4250.6 51.4

Youth-unemployment-rate

Fig

ure

s in

%

6

Education and unemployment

Facts & figures

Expected development of unemployment-rate• The rate is expected to rise in 2015

• Constant rate in 2016 (EUROSTAT)

sheet 7

2014 2015 20164.74.84.9

55.15.25.35.4

4.9

5.3 5.3Unemployment rate developement

2014-2016

Fig

ure

s i

n %

Austria´s labour market

Labour market policy

Apprenticeship / dual system in Austria

Challenges

sheet 8

Austria´s labour market

Goals of Austrian labour market policy• Increasing transparency on labour market

• Re-activating the unemployed

Public employment service (PES)• Leading provider of labour market related services

The Austrian social partnership

sheet 9

10

Governmental investments on activating labour market (OECD Employment Outlook 2014)

Mexico (2012)United States (2012)

Chile (2012)Greece (2010)**

Slovak Republic (2012)Estonia (2012)

Israel (2011)Slovenia (2012)Portugal (2012)Canada (2012)

Czech Republik (2012)New Zealand (2012)

Spain (2011)Italy (2012)

Poland (2011)United Kingdom (2009/2010)

Japan (2012)Australia (2011)

Ireland (2011)Hungary (2012)

France (2012)Korea (2012)

Belgium (2012)Germany (2012)

Luxembourg (2011)Switzerland (2012)

Finland (2012)Sweden (2012)

Norway (2012) **Austria (2012)

Netherlands (2012)Denmark (2012)

-0.050 0.000 0.050 0.100 0.150 0.200 0.250 0.300 0.350

0.0020.0150.0150.0170.019

0.0290.0300.0300.0310.033

0.0370.0400.0420.0420.043

0.0490.049

0.0560.062

0.0670.092

0.0970.107

0.1250.1290.1330.134

0.1660.169

0.1740.185

0.280

Investments in % of GDP

Apprenticeship / dual system Austria

Long tradition of apprenticeships: highly practice-oriented and esteemed all over the country; companies need more skilled (skillshortage!)and qualified apprentices

Tax incentives and other forms of benefits for companies when employing young people

Close link between dual system and youth employment

115.068 apprentices in 2014

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12

Austrian education system

Austria´s labour market – strong points

Low unemployment rate

Two-track education system

Excellent enterprises and employees

Austria´s geographical proximity

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Austria´s labour market - limits

Too many governmental restrictions High tax burden on wage World Economic Forum, The Global Competitiveness Report 2013-2014

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Increase effective retirement age

Increase the employment potential of older workers

Flexibility of labour market

More skilled workers

15

Challenges

Thank you for your attention!

T

16