†Forecast figures for 2013

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THE HAYS GLOBAL SKILLS INDEX 2013

VIEW FROM THE GROUNDThe period of economic instability recently experienced in Portugal has highlighted old issues within the labour

market, as well as creating new challenges. The talent mismatch has been one of the most serious issues to face the

Portuguese labour market and the issue continues to worsen as thousands of young job seekers are now leaving the

country. It is essential to create policies that attract and retain these young professionals. It is also very important to

establish better communications between educational institutions and the labour market to fix this lack of skills and

thus reduce wage pressure.

Paula Baptista, Managing Director, Hays Portugal 

4.6

6.4

6.1

10.0

4.7

10.0

0.0

BACKGROUNDECONOMIC DATA

KEY FINDING

Wages in high-skill industries are

expected to push the Index score

higher in 2013 than it was in 2012.

Employers are having to pay an

increasingly high premium to attract

talent in select industries.

DOWNWARD PRESSURE FROM

• Wage pressure in high-skill occupations

• Increase in education levels

• Net in-migration

UPWARD PRESSURE FROM

• Structural unemployment

• Wage pressure in high-skill industries

• Labour market regulations

10.5m

7.7%

15.9%

15,800 15,400

167 162

10.5m

8.7%

-3.2% -2.8%

18.0%

6.0OVERALL SCORECOUNTRY PROFILE

Portugal’s overall score is

6.0, which is indicative of

medium strength labour market

pressures. While Portugal has

suffered a deep economic

contraction, the adjustment

process in the labour markets is

proving to be a slow one. This

combination means that some

employers, particularly in high-

skill industries, may face difficult

economic circumstances at the

same time as they struggle to

attract and retain the key talent

they need. 0

2.5

5

7.5

10

BREAKDOWN OF SEVEN INDICATOR SCORES

Indicators

Educationflexibility

Talentmismatch

Overall wagepressure

Labour marketparticipation

Labour marketflexibility

Wage pressure inhigh-skill industries

Wage pressure inhigh-skill occupations

Scores 50 102.5 7.5

UNEMPLOYMENT

GDP

Long-term unempl. rate

Unemployment rate

*2013 prices

GDP/head (EUR*)

GDP (Billion EUR*)

GDP Growth

POPULATION

2012 2013†

5.3 in 2012

PORTUGAL