Zurich is, therefore, setting the pace for an upswing that can be observed throughout Switzerland. The ICT sector, in particular, is growing rapidly, confirmed by the ICT Index of the Swiss industry association SWISCO, with a level of 119.7 points that was reached in the first quarter of 2018². This is the highest level since the Swiss franc shock in 2011.
This trend is also reflected in the job advertisements. In July 2018, almost 50% more jobs for IT developers were advertised than in the previous year³, however many positions remain vacant. This is also confirmed by a German study “Labour Market Mobility and Lack of Skilled Workers” which found that in 2015 two out of the top five occupations with a shortage of skilled workers in Switzerland were from the IT sector.
IT experts in the areas of IT support, ERP and SAP specialists, and web developers are particularly in demand. However, the steady growth of the industry has made the situation even worse as companies struggle to fill the positions with local workers who have the necessary skills.