2023-08-17 03:03:56
Spain is the European Union country with the lowest real GDP growth since 2019: 0.4%, compared to 0.5 in Germany, 0.6 in Italy, 0.8 in France or 1, 6% from Portugal. Despite the “rebound effect”, the Spanish economy is growing less than the French and a quarter of the Portuguese without having yet recovered the pre-pandemic GDP. Productivity continues to be a drag on wages and Spain is among the OECD countries that tax business investment the most, with a deduction of capital costs of 63.6%, compared to the 71.8% average for the OECD, or more than 75% in countries such as France, Italy or the United Kingdom.
This translates into a labor market where real unemployment is close to 3.5 million and the youth unemployment rate is 27.9%, according to the latest data from the Active Population Survey (EPA). In this context, it is surprising that phenomena such as the Great Turnover and Great Resignation, which warn of a talent deficit or difficulties for generational replacement in the workforce, have taken root in Spain and throughout Europe, where the problem of youth unemployment is very extended, with Spain, Greece and Italy at the head. One of the issues that most worries companies is the lack of generational relief, especially in some sectors such as construction, transport, industry or hospitality.
In this sense, 35.7% of the companies believe that they will have problems replacing employees who retire, due to a lack of trained personnel in the sector, compared to 64% who consider that this will not happen. Although this option is the majority, it is still perceived as a problem that one in three companies is affected by the lack of generational relief, according to the latest job supply and demand report carried out by the Infoempleo and Adecco portal.
The absence of young people in the workforce is a fact: 54.3% of the companies consulted say they have less than 15% of their staff made up of workers under 30 years of age. 23.8% say that they have employees from that range in a range that goes from 15 to 30% of the workforce, 15.2% from 30 to 50% and only 6.6% of the companies say they have more than Half of the employees are under 30 years of age. Despite everything, 72% of companies do not have any strategy to promote youth employment. Of the 27.8% that have done so, half have internships in collaboration with training centers, 35.7% have training programs, 28.6% have launched mentoring and accompaniment programs and 4, 7% offer scholarships.
The difficulty in finding talent is one of the factors that most slows down companies when recruiting. 44.37% of the organizations consulted believe that there is a lack of profiles according to their activity, and 35% think that they lack training. Another 16% think that the problem is in the salary expectations of the candidates, above the offers.
Plans to promote youth employment do not materialize while Spain continues to lead European unemployment in all categories. for 4.64% the obstacle would be their lack of geographical mobility.
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