• Sweden edition
 
Hundreds of great job opportunities for foreign professionals at Sweden's top employers - in cooperation with Monster, Experteer, Stepstone, and CareerBuilder.
What
Where
698
jobs available
Find English-speaking professionals with The Local.
Advertise a vacancy
Sweden's minimum wages 'too high': OECD

Sweden's minimum wages 'too high': OECD

Published: 17 Dec 2012 14:53 CET

"Some groups such as youth with limited education, some immigrants, and those on sickness and disability benefits are not well integrated," the Organization for Economic Cooperation and Development said in the report.

To boost employment in those groups it said Sweden should lower wages for entry-level jobs, improve vocational and academic training, and ensure active labour market policies were better targeted to individual needs.

Sweden, famous for its egalitarian policies, also needed to reduce the gap in job protection between temporary and permanent employment so that people were not trapped in temporary contracts, it said.

The Paris-based organization added that "relatively high minimum wages set through collective bargaining tend to push up labour costs", noting that minimum wages in Sweden averaged around two thirds of the median salary.

Although the country's wage setting has become more decentralized, that ratio was still the second highest in the OECD in 2010.

"The government should continue talks with social partners to find ways to improve job prospects for groups at risk," it said.

The OECD also warned that Sweden's large banking system "entails risks and potential costs", singling out high household debt as a risk should housing prices fall or unemployment rise.

The Swedish unemployment rate stood at 7.6 percent last year, compared with an 8.2 percent average for the organization's member countries.

However, youth unemployment was comparatively high at 22.9 percent, compared with 16.2 percent in the OECD.

The OECD also said it expects Swedish economic growth to drop to 1.2 percent this year, down from a growth rate of 3.9 percent in 2011.

Growth is expected to recover somewhat in 2013, rising to 1.9 percent before increasing to 3.0 percent in 2014, according to the OECD.

AFP/The Local/dl

Follow The Local on Twitter


Don't miss...X
Left Right

Your comments about this article:

The comments below have not been moderated in advance and are not produced by The Local unless clearly stated. Readers are responsible for the content of their own comments. Comments that breach our terms and conditions will be removed.

ADD YOUR COMMENT   (YOU MUST LOG IN OR REGISTER TO MAKE A COMMENT)
Your Swedish Career
Sometimes the key to advancing your Swedish career is latching onto a mentor. A career expert talks us through exactly what a mentor does, how you can get one for yourself, and why you might need one.
The dreaded job application - but with a twist. For this month's JobTalk, we chat with a marketing manager at CareerBuilder about how to write the perfect application for a job in Sweden.
When Matthew Volsky first came to Sweden he didn't think he would stick around. Six years and a pioneering invention later he tells The Local about the medical device which is helping save lives around the world.
Jenna Iwanchuk had never visited Europe, let alone Sweden, before she moved from Canada to Gothenburg two years ago, she tells The Local. Now she runs a local pet shop ably assisted by her dog, Tindra.
US expat Faith George tells The Local about how she mastered the Swedish language, seeing the positives in being made redundant, and how she plans to show Swedes another side of the United States.
What does an eccentric Swedish farmer have in common with an Australian paleontologist? No, it's not a Ross from Friends joke, it's about a petrified fern and a career in scientific research in Sweden.
Swedish Employment News
Sometimes the key to advancing your Swedish career is latching onto a mentor. A career expert talks us through exactly what a mentor does, how you can get one for yourself, and why you might need one.
Swedish national rail operator SJ announced on Thursday that it was planning to slash prices and review its ticketing system in a bid to boost stagnant revenues.
The dreaded job application - but with a twist. For this month's JobTalk, we chat with a marketing manager at CareerBuilder about how to write the perfect application for a job in Sweden.
Despite a shortage of nurses in many parts of Sweden, last year 1,300 Swedish nurses obtained Norwegian nursing licenses - one third of all the nurses who graduated in Sweden during the year.
Sweden last year attracted more talent than it lost, with engineers topping the table of immigrants. In Europe, the biggest influx of professionals was to Germany, but a Middle Eastern country outperformed all surveyed markets.
"We have to hit the brakes and the gas at the same time." Does your Swedish boss confuse you? You're not alone. Swedes have crowned that phrase as the worst workplace cliché of the year.

Telephone Sales People
One of the world’s leading business publications is looking for sales superstars with fluent English to join the team in its Stockholm headquarters.
FULL JOB AD »

THG is hiring for the Stockholm office!
THG is looking for International Sports Sales Executives to sell their VIP hospitality facilities at major sports events.
FULL JOB AD »

International Sales - Stockholm based
Marcus Evans is looking for International Sales Executives
FULL JOB AD »

Net Entertainment NE AB
Stockholm
Careerbuilder
Added 08/21/14

ProfessionalConsulting
Helsingborg
Careerbuilder
Added 08/21/14

ProfessionalConsulting
Helsingborg
Careerbuilder
Added 08/21/14

Tesla Motors
Stockholm
Careerbuilder
Added 08/21/14

Tesla Motors
Stockholm
Careerbuilder
Added 08/21/14

Tesla Motors
Gothenburg
Careerbuilder
Added 08/21/14

Tesla Motors
Gothenburg
Careerbuilder
Added 08/21/14

Tesla Motors
Gothenburg
Careerbuilder
Added 08/21/14

Tesla Motors
Gothenburg
Careerbuilder
Added 08/21/14

Tesla Motors
Stockholm
Careerbuilder
Added 08/21/14