EMEA Regional Overview – Total Workforce Index™


EMEA Overview

The accelerated migration across Europe, coupled with shifting wages and legislation, has altered how skills are dispersed and priced across the region. What has not changed is the ever increasing volume of employers seeking EMEA markets to near-shore support and centralized functions. Not only is there more competition for talent, but requirements are becoming more complex as language proficiency and mobility become more of a priority.

Political dynamics in several markets have been the focus of many market-related conversations this year. Market volatility and economic headlines remain an ongoing point of discussion in employers’ regional plans. However, in reality, it is the nuance of which market has the right combination of skills availability and cost efficiency to meet client needs that drive many decisions today. Whether a client is evaluating locations or simply sourcing talent, the ability to compare markets across the region based on selected criteria is essential.

Sarah Peiker

RPO Practice Lead, Europe

Top 5 Markets in the EMEA Region

The top five markets in the EMEA region encompass a variety of regulatory factors as well as productivity-impacting metrics, including based on the availability of skilled talent and cost considerations. Ireland, the United Kingdom and the United Arab Emirates perform the best when each of the four categories is combined, due in part to minimal regulatory impact. and higher relative cost efficiencies and availability.

Complete Rankings for the EMEA Region

The chart below shows the regional ranking of each market in the EMEA region as well as its global ranking. These rankings reflect the total workforce in each market, and the resulting rank is determined when each of the four categories is evenly weighted.

EMEA Regional Rankings

Regional Insights

The average monthly wage in the EMEA region is $2,224.00, the highest of the three global regions, but a slim majority of the markets here fall beneath this benchmark. Switzerland, Denmark and Norway have the highest average monthly wages in the region, but Denmark still falls in the top five markets for workforce engagement based on other regulatory and availability factors that make some of the low-cost markets less favorable.

Manufacturing wages are indicative of the sustainability of skilled talent from both a sourcing and retention standpoint specific to each market. Where the desired skills are readily available, and workers are willing to accept lower wages, the average wage for that market will decrease over time as evidenced in Slovenia, South Africa and the United Arab Emirates. However, where the availability of skilled workers is limited within the manufacturing industry, and job seekers are less likely to accept positions with low wages, the average manufacturing wage is higher than the regional average in markets such as Switzerland, Germany and Belgium.

Switzerland may have higher wages but also features a workforce where over 51% are considered Highly-Skilled, and nearly 97% of the workforce is considered non-agricultural. Most of the industries in this market are services, and 27% of the workforce is considered to be part of the millennial generation. This climate presents a unique opportunity for employers in the service industry who value workers with high levels of English proficiency as well as a highly skilled and well-educated background. Switzerland ranks eighth regionally and fairs best in the Regulatory category with very flexible regulations on employers.

Aggregated Employment Tax Ranges average to 25.6% across the EMEA region. This average makes the EMEA region the most expensive for both average wages and average taxes. France is the most heavily taxed of the EMEA markets, with Belgium, Italy and the Ukraine following. Ranking the second lowest of any market in the EMEA region overall, France is one of the least competitive workforces with regard to workforce engagement when compared to other markets both in this region and globally.

For more information, interactive charts and to download the full Total Workforce Index™ visit the Total Workforce Index™ microsite from the link below.

Total Workforce Index™