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Denmark in line for more private-sector jobs than ever before

In a new economic forecast, the Confederation of Danish Industry predicts that job creation in Danish companies will reach a record high in coming years.
The prospect for record-high job creation in the private sector is a clear indication that things are moving forward for Danish companies and the Danish economy, says Karsten Dybvad, CEO of the Confederation of Danish Industry.

Economic growth increased in the end of 2016, and with the new forecast, the Confederation of Danish Industry (DI) expects that this growth will continue in 2017 and 2018. We can thereby expect a record number of jobs in private-sector companies, which DI expects to have created more than 50,000 new jobs by the end of 2018.

"The prospect for record-high job creation in the private sector is a clear indication that things are moving forward for Danish companies and the Danish economy, and that the past ten years of reforms and struggle to regain our competitiveness have worked," says Karsten Dybvad, CEO of the Confederation of Danish Industry.
 
With expectations of GDP growth of 2 per cent in both 2017 and 2018, the pressure on the labour market will rise even further. If companies' lack of employees becomes too big, this may stand in the way of economic progress.

See also: Denmark ranked among world’s most inventive countries
 
"There is no doubt that it will be more difficult to find enough employees for our companies, but there is still something to be done - also for our politicians. In recent years, progress has largely been driven by the fact that we have been able to attract qualified foreigners to the country and that changes to early retirement benefits have made it possible to retain senior employees. We need this development to continue. We need everyone," says Karsten Dybvad.
 
Karsten Dybvad calls on the parties in the Danish Parliament to discuss new solutions that can strengthen companies' opportunities to obtain qualified employees. He believes that an obvious step forward would be to make it easier for young foreign talents to come to Denmark to work. DI therefore proposes to change the so-called 'Pay Limit scheme' so that the current requirement to earn a minimum of DKK 408,800 annually does not apply to younger foreign employees in the beginning of their careers.
 
"It would be a definite help for our companies - and for growth - if we made it easier for young foreign talents from countries outside the EU to come here to work," says Karsten Dybvad.

See also: Denmark is the world’s best talent developer
 
The companies can also do something themselves to remedy the lack of talented employees, assesses DI's CEO.
 
"The companies can and must also bear part of the responsibility, for example by training more apprentices in areas where qualified labour is needed and by reaching out to those on the fringes of the job market to help them get inside. But the politicians also very much have a task to get more hands out to the companies so they can fulfil orders - and growth prospects," says Karsten Dybvad.

 

In recent years, progress has largely been driven by the fact that we have been able to attract qualified foreigners to the country and that changes to early retirement benefits have made it possible to retain senior employees. We need this development to continue. We need everyone.
KARSTEN DYBVAD, CEO OF THE CONFEDERATION OF DANISH INDUSTRY
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PUBLISHED: 5/24/2017 LAST MODIFIED: 5/24/2017