ManpowerGroup’s annual report measures the attractiveness of more than 60 labour markets around the world on the basis of more than 200 key criteria divided into four categories: availability of skills, cost of labour, regulatory framework and productivity. Photo: ManpowerGroup Luxembourg

ManpowerGroup’s annual report measures the attractiveness of more than 60 labour markets around the world on the basis of more than 200 key criteria divided into four categories: availability of skills, cost of labour, regulatory framework and productivity. Photo: ManpowerGroup Luxembourg

The grand duchy of Luxembourg moves up six places in ManpowerGroup’s 2024 Global Workforce Ranking (Total Workforce Index™) to 40th place out of 64.

The Total Workforce Index™ identifies the strengths and weaknesses of the Luxembourg labour market.

For the year 2024, the grand duchy of Luxembourg ranks 40th (out of 64) globally and 23rd (out of 33) in the EMEA region.

Luxembourg’s attractiveness has risen by six places worldwide and two places in the EMEA region. Despite low labour costs, the country stands out for its good availability of labour and excellent position in teleworking.

The grand duchy stands out for its divergent scores on the four criteria studied: it occupies an excellent 10th place worldwide for the criterion of availability of talent. The scores are more average for both productivity (36th place) and the regulatory framework (41st place). But it is the cost of labour that is the main obstacle for investors: the grand duchy ranks 61st out of 64 on this criterion, with only Belgium, France and Austria ranking lower.

The grand duchy also occupies an impressive 4th place on the teleworking criterion. This criterion assesses the various dimensions of teleworking, such as the number of people able to work remotely, access to technology and the performance of communication tools, control of cybersecurity risks, the performance of government online services, regulatory aspects and the human dimension (access to childcare services).

Among the grand duchy’s strengths, the report highlights the quality of our workforce, with 69% of workers highly qualified and 58% fluent in English. The grand duchy could do better in terms of gender equality, ranking 44th out of 146 countries. By way of comparison, Belgium is in 10th place on this criterion. On the other hand, the grand duchy ranks 38th (out of 132 countries) on the Global Innovation Index revealing the most innovative economies based on 80 criteria, and above all 11th (out of 160) on the Global Green Economy Index™ (GGEI) measuring sustainability performance based on 18 criteria.

The report highlights the high level of qualification of our workforce and a work organisation offering optimal conditions for teleworking, with the grand duchy occupying 4th place worldwide on this criterion.
Mathilde Lambin-Ruinart

, Sales & Operations Manager, ManpowerGroup Luxembourg

“However, the study reveals that the cost of labour and the stricter regulatory framework have a negative impact on the grand duchy’s competitive position at a time when competition is fierce between countries at global level,” continues Mathilde Lambin-Ruinart.