Swiss Banks on the Hunt for New Staff

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Swiss Banks on the Hunt for New Staff
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Swiss Banks on the Hunt for New Staff: Swiss banks and insurers are still looking for skilled workers. In the insurance sector, in particular, the ratio of advertised vacancies to the number of people looking for work here is… Banks Insurers jobmarket

Job vacancies in the Swiss financial sector remain high, even increasing in the third quarter despite various challenges in the financial markets. According to an analysis by Jobradar and Investtrends.ch, there were 5,700 jobs advertised in the financial services sector in the third quarter of 2022, «Cash» wrote on Tuesday. That was about 350 more than in the first quarter, it said.

The insurance companies are looking for 2,423 new employees, about 300 more than in the first three months of the year. In the banking sector, there were only 2,473 jobseekers to fill vacancies, while in the insurance sector there were 637. This means that the unemployment rate in the banking sector, at 2.1 percent, is exactly the same as in the Swiss labor market as a whole. The shortage of skilled workers in the insurance sector is more severe, with a rate of only 1.4 percent.According to the Jobradar analysis, Credit Suisse had 821 jobs advertised in the third quarter, compared with 789 in the first quarter.

According to the report, the most active insurer in the Swiss labor market is currently Axa, which offered 199 jobs, followed by Helvetia . Zurich Insurance had 180 vacancies, Basler 131 , Mobiliar 117 and Swiss Life 100. The Wealth Center also stood out in the Swiss job market .

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