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Scandinavia – Labour market perceived as world’s safest

23 August 2013

Of the 32 countries participating the Randstad Work Monitor, Norwegian and Swedish workers perceive their private labour markets to be most secure. Only 39% of Norwegian and Swedish workers feel that there is no job security in the labour market.

Workers in economically unstable countries responded that they have no job security; such as Greece (94%), Hungary (93%), Spain (91%), and the Czech Republic (90%). In comparison, Norway is experiencing skills shortages and is struggling to find sufficiently qualified workers.

More Norwegians than Swedes are willing to trade part of their salary for increased job security, according to the survey, 25% and 40% respectively. Danish workers responded similarly to their Swedish counterparts, with 29% of workers willing to trade off their salary for greater security. This can be attributed to the higher salary levels in Norway, which would allow workers to trade part of their salary but still take home a sufficient wage. Despite an insecure job market, Hungarians were least likely to forgo part of their salary to secure work, with only 15%. 

Danish workers are the least likely to move to another country in order to secure work, with 28%. Despite high levels of job insecurity, on 30% of Czechs would consider moving abroad for work. Sweden ranked fourth lowest with 32% of respondent willing to emigrate for employment.    

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