Excerpted from the Germany Career Guide
Germany has largest population of any European Union (EU) country and traditionally has enjoyed one of the most-robust economies in Europe. With the fifth-largest economy in the world and the largest in Europe, Germany ranks fourth in the world for exports after China, the European Union as a whole and the US.Generally speaking, the country's success can be attributed to its strong manufacturing sector and highly skilled labor force. Germany competes with low-wage economies in Asia by producing high-quality products backed by full-service technical teams that sell, train, repair and maintain the machines they produce.
Despite a slightly weakened economic situation in the past two years, Germany’s economic growth is expected to accelerate, and its labor market remains robust according to the European Commission. Compared to the rest of Europe, Germany has enjoyed a relatively strong labor market and economy in recent years. Last year was a positive year overall for the German recruitment market, according to recruiting firm Robert Walters, with more international investment and increased business confidence. Engineering and IT were priority-hiring sectors with a particular focus on IT professionals with cloud computing and digital marketing backgrounds. Within the banking industry, regulatory changes caused hiring managers to look for risk and compliance specialists.
Areas of Job Promise
The top five occupations posted on the EURES jobs portal for Germany are:
- Finance and sales associate professionals
- Electrical and electronic equipment mechanics and fitters
- Machinery mechanics and fitters
- Architects, engineers and related professionals
- Housekeeping and restaurant service workers
Salaries and Wages
Average gross monthly earnings in Germany are 3,449 EUR. Large corporations and SMEs continued to hire new workers and salaries increased, particularly in the finance, HR, IT, and marketing and sales sectors.
While Germany has no federal minimum wage, there are binding minimum wage collective agreements in individual economic branches and occupations varying between 7.50 EUR/hour (hairdressing trade in eastern Germany and Berlin) and 13.95 EUR/hr (main construction industry in eastern Germany).
This is just a short sample of what you’ll find in over 100 pages of information in the complete Germany Guide.