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Swiss job market defies strong franc worries

The official Swiss unemployment rate fell for the fourth consecutive month in June as Switzerland’s job market continued to defy concerns about the impact of the strong franc on the economy.

Published: 7 July 2015 09:57 CEST

Swiss job market defies strong franc worries

Photo: Canton of Vaud

The jobless rate fell to 3.1 percent from 3.2 percent in May but remained above the 2.9 percent level recorded in June 2014, figures released on Tuesday by the State Secretariat for Economic Affairs (Seco) showed.

The decline was driven by a drop in unemployment among foreigners to 5.8 percent from 6.1 percent, while the rate for Swiss citizens remained unchanged at 2.2 percent, Seco said in its monthly report.

The number of people registered as unemployed at regional job offices fell in June by 3,093 from the previous month to 133,256.

The canton of Obwalden recorded the lowest jobless rate (0.8 percent, down from 0.9 percent), while Geneva had the highest rate (5.4 percent, down from 5.5 percent).

The rate in Zurich, Switzerland’s largest job market, remained unchanged at 3.4 percent.

The canton of Graubünden posted the biggest percentage drop in unemployment to 1.5 from two percent.

For full details of the report (in French, German and Italian) check here.

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'Fake ads': How to avoid the latest job scam in Switzerland

With the chronic shortage of qualified workers, many Swiss employers are actively looking to hire new staff.

They advertise vacant positions online, opening the door to scammers to post fake job adverts of their own.

Increasingly, scammers are disguising themselves as legitimate employers to obtain sensitive personal information from job seekers.

“Around a quarter of all job offers are fakes,” said Jean-Philippe Spinas, director at Kienbaum Executive Search in Zurich recruitment consultancy.

Specifically, scammers pretend to be HR managers and publish fake job offers in order to obtain sensitive personal and financial information about people who send in their applications.

“It is becoming increasingly difficult to differentiate between real and fake offers,” Spinas added.

What are the scammers looking for?

As any legitimate employer does, fraudsters also ask candidates to send in the curriculum vitae (CV), which normally contains a lot of personal data that scammers are after: telephone number, email address, date of birth, and address. This information is then used to deduce passwords or to create a digital profile.

In the ‘best’ case, you will have to put up with unwanted calls, spam, or other contact attempts.

But under the worst-cast scenario, fraudsters will steal your identity and pretend to be you when setting up telecom and other accounts, because when contacted by phone, you are usually only asked for your date of birth, mobile number, or similar information to identify yourself — all of which scammers have obtained from your CV.

How can you protect yourself?

The key word here is ‘vigilance’.

Identity check

Just as employers vet candidates, you too should ‘screen’ the interviewer.

Your first red flag should go up if the ‘employer’ doesn’t identify him / herself or the company clearly, allowing you to verify their legitimacy.

“Ideally, the job offerer should identify themselves to the candidate,” Jean-Philippe Spinas pointed out.

If they give only minimal information about themselves, or are dodgy in their answers, ask the ‘employer’ to contact you via Linkedin. The platform can be used to determine whether the company, and the recruiter, are real.

Don’t disclose too much

“In the age of online applications on the most diverse platforms, you should always ask yourself: how much data will I reveal during my first contact with the employer?” Spinas said.

If a lot of private information is requested from candidates online, this should arouse suspicion.

For that reason, you should not send your CV, which contains personal details — including, typically, a photograph that can then be copied and used for illicit purposes — to unidentified / unverified employers.

READ ALSO: How to write the perfect CV for a job in Switzerland

This is the latest employment scam that is widespread in Switzerland right now.

But ‘older’ ones are still circulating around the country.

For instance, the scammers are contacting their victims via messaging services such as Whatsapp and Telegram, presenting themselves as job recruiters who seek people in Switzerland who can work from home.

So far it sounds legitimate, except that “candidates are lured by promises of extraordinary earnings that are disproportionately high relative to the nature of the tasks to be performed,” according to the the National Centre for Cybersecurity (NCSC), which monitors faudulent activities online.

Problems begin after recruitment, when candidates are directed to a platform where they must register to obtain assignments. “It is an imitation of a legitimate website,” explains the federal authority.

All salary and bonus payments must be settled via this fake platform and recruited workers must pay most of the fees themselves.

You can find out about this, and other scams perpetrated in Switzerland, here.

And this article also provides valuable information about how not to fall victim to various scams:

READ ALSO: How to avoid the most common online scams in Switzerland

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