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HR Tech Outlook | Tuesday, July 19, 2022
Belgian recruitment currently opens more opportunities to enhance the people’s talents and also to increase the employment rate over the world
FORMAT, CA: Belgium has always been a split nation, possibly divided into two or even three. It has effectively turned into a federation of three different regions because it has three distinct language communities (Dutch, French, and German) (Flanders, Wallonia and Greater Brussels). Geographical, demographic, and political differences separate the different regions. The Belgian labour market became particularly difficult to understand as a result of these divisions.
Similar to many other European nations, Belgium now has a record-high number of available positions. There were just over 100,000 unfilled positions in Belgium in 2012. From 2014 to 2016, the number varied between 100,000 and 80,000. However, in recent months, that number has sharply increased, reaching a total of 170,000 available positions in June 2021.
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By 2024, Belgium wants to have an employment rate of 80 per cent.
The correlation between employment rates and the rising number of openings is very evident. According to Wim Thielemans, a renowned expert in recruitment and the author of several books, increasing the employment rate will be one of the most important subjects for Belgium in 2022. By 2024, Belgium needs to have an employment rate of 80 per cent.
In 2020, the Flemish employment rate, which stood at 74.7 per cent, was greater than in the other regions. It was 64.6 per cent in the Walloon Region, 61.3 per cent in the Brussels Capital Region, and 70.0 per cent across Belgium. As a point of reference, in the EU27 in 2020, the average employment rate was 72.3 per cent. The key milestone is that East Flanders has already crossed that threshold, indicating that the country can succeed.
The labour scarcity and the expansion of bottleneck professions in an increasing number of industries are concerning. However, there is now a historic chance to boost the employment rate. Since attempting to create jobs on the demand side and also concentrate on the supply side to figure out how to employ more people.
Like most of Europe, the job market in Belgium is now overwhelmingly candidate-driven. The Executive Director of Michael Page Belgium and Luxembourg, Grégory Renardy, explains that Belgium’s market was slanting heavily towards being a candidate-centric market. It already was a dynamic arena for talent, but last year, the situation expanded to all kinds of industries.
The majority of business executives and HR departments are now thoroughly informed of the labour market scenario. They are looking more to fund upskilling and reskilling initiatives. They're just beginning to broaden the skill pools and alter their needs.
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