ARTICLE
27 January 2025

The Skills Shortage In Greece: What It Means For Businesses In 2025

E
Eurofast

Contributor

Eurofast is a regional business advisory organisation employing local advisers in over 21 cities in South East Europe, Middle East & the Baltics. The Organisation is uniquely positioned as one stop shop for investors and companies looking for professional services.
Greece is currently grappling with a significant skills shortage that poses substantial challenges for businesses across various sectors.
Greece Law Practice Management

Introduction

Greece is currently grappling with a significant skills shortage that poses substantial challenges for businesses across various sectors. The demand for both skilled and unskilled labor has surged, leading to an estimated 200,000 vacant positions in key industries.

This shortage not only hampers economic growth but also underscores the pressing need for effective workforce solutions.

Current State of the Labor Market

Recent data reveals that Greece requires over 300,000 foreign workers to support its economy adequately. Sectors such as tourism, agriculture, construction, and information technology are particularly affected. For instance, the tourism industry faces a deficit of approximately 80,000 workers, ranging from chefs to dishwashers. Similarly, the agricultural sector reports a shortage of 180,000 workers, exacerbated by low participation rates among the local population.

Government Initiatives and Challenges

In response to these challenges, the Greek government has introduced several initiatives aimed at bridging the skills gap. The National Skills Strategy, announced during the European Skills Week in October 2023, focuses on transforming the labor market, enhancing digital skills, and promoting environmental awareness.

Additionally, Greece has facilitated the EU Blue Card application process to attract highly qualified foreign professionals. Despite these efforts, bureaucratic hurdles and lengthy processing times continue to impede the timely recruitment of foreign talent.

Eurofast's Role in Addressing the Skills Shortage

As a leading professional services organization, Eurofast is uniquely positioned to assist businesses in navigating the complexities of workforce mobility and human resources advisory. Our comprehensive services include facilitating the recruitment of foreign talent, ensuring compliance with local regulations, and providing strategic HR solutions tailored to the specific needs of each sector. By leveraging our expertise, businesses can effectively address their staffing challenges and focus on sustainable growth.

Conclusion

The skills shortage in Greece presents a multifaceted challenge that requires coordinated efforts from both the public and private sectors. While government initiatives lay the groundwork for long-term solutions, immediate action is necessary to mitigate the impact on businesses. Eurofast stands ready to bridge this gap, offering tailored services that facilitate workforce mobility and provide strategic HR advisory to help businesses thrive in this evolving landscape.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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