sheet 1 Austria´s experience with the labour market Mr. Kolarz-Lakenbacher

Topics  Facts & figures – about the Austrian labour market  Austria´s labour market Labour market policy Apprenticeship / dual system in Austria Challenges sheet 2

Facts & figures  A total of people were in employment in January 2015  people were unemployed  Unemployment rate of 4.9% sheet 3

Facts & figures  unemployed young people (age 15-24)  Youth unemployment rate 9,0%  Low youth-unemployment-rate because of the education system (apprenticeship / dual system) sheet 4

5 Education and unemployment

Facts & figures  Expected development of unemployment-rate The rate is expected to rise in 2015 Constant rate in 2016 (EUROSTAT) sheet 6

Austria´s labour market  Labour market policy  Apprenticeship / dual system in Austria  Challenges sheet 7

Austria´s labour market  Goals of Austrian labour market policy Increasing transparency on labour market Re-activating the unemployed  Public employment service (PES) Leading provider of labour market related services  The Austrian social partnership sheet 8

9 Governmental investments on activating labour market (OECD Employment Outlook 2014)

Apprenticeship / dual system Austria  Long tradition of apprenticeships: highly practice- oriented and esteemed all over the country; companies need more skilled (skillshortage!)and qualified apprentices  Tax incentives and other forms of benefits for companies when employing young people  Close link between dual system and youth employment  apprentices in 2014 sheet 10

11 Austrian education system

Austria´s labour market – strong points  Low unemployment rate  Two-track education system  Excellent enterprises and employees  Austria´s geographical proximity sheet 12

Austria´s labour market - limits  Too many governmental restrictions  High tax burden on wage World Economic Forum, The Global Competitiveness Report sheet 13

 Increase effective retirement age  Increase the employment potential of older workers  Flexibility of labour market  More skilled workers 14 Challenges

Thank you for your attention! T 15