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Navigating the Health & Benefits Market Trends in Austria

Joachim Schuller

< 1 Min Read

As Generation Z enters the workforce, they bring with them unique needs and demands that companies must address to stay competitive.

The Austrian labour market is currently experiencing a significant shift, driven by a global shortage of skilled workers. This trend is impacting all sectors, making it increasingly challenging for companies to recruit and retain key employees. As Generation Z enters the workforce, they bring with them unique needs and demands that companies must address to stay competitive.

Current Market Trends in Austria

  • Recruitment Challenges: Sectors such as technology, engineering, and healthcare are finding it particularly difficult to attract skilled workers.
  • Employee Retention: Retaining key employees is becoming more crucial due to demographic changes.
  • Generation Z: The new generation entering the workforce has distinct needs and demands.
  • H&B Solutions: Companies are turning to Health & Benefits (H&B) solutions to aid in recruitment and retention efforts.
  • Employee Benefits: There is a growing demand for benefits ranging from group health insurance to company pension schemes.
  • New Benefits: Innovative benefits like job bikes and mental/physical care management are gaining importance, especially as part of Environmental, Social, and Governance (ESG) factors.
  • Artificial Intelligence: AI is becoming more significant, replacing traditional personal counseling in some areas.
  • Stable Premiums: Insurance premiums remain generally stable.
  • Provider Focus: Providers are increasingly focusing on the potential of H&B solutions.
  • Risk Carriers: There are sufficient risk carriers and capacity available in the mar

Conclusion

Our experts are here to provide further information and guidance on navigating these trends as well as to provide Health & Benefits risk solutions to help you and your clients with employee recruitment and retention.

Joachim Schuller

Competence Center Manager
Health & Benefits

T +43 664 962 39 11

Pulse: News and Trends in Health & Benefits

In today’s competitive job market, your organisation’s Health & Benefits offering plays a crucial role in attracting and retaining the best of the best. Pulse, our Health & Benefits news hub, is dedicated to keeping you updated about the constant evolution of Health & Benefits across Central and Eastern Europe.
Visit our Pulse portal

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