Excerpted from the Italy Career Guide
Italy has the 12th largest economy in the world in terms of purchasing power parity (PPP), but it is the 51st largest economy in terms of per capita GDP (Gross Domestic Product – a measure of a country’s wealth). Although its economy is the third largest in the Eurozone, Italy suffers from high public debt and structural impediments to market growth such as tax evasion and significant labor inefficiencies. In fact, Italy’s economy has never recovered from the 2008 global recession. It remains flat and is not likely to grow until next year, and then only marginally.
Due to Italy’s sluggish economy, unemployment is not likely to decrease until the end of next year, according to the OECD (Organisation for Economic Co-operation and Development). Currently only about half of the country’s working-age population is employed. And, many jobs are insecure.
Areas of Job Promise
According to a Manpower survey of Italian companies, the top ten jobs in Italy that employers are having a hard time currently filling are:
- Skilled trades
- Secretaries, PAs, administrative assistants and office support staff
- Sales representatives
- IT staff
- Sales managers
- Restaurant and hotel staff
- Accounting and finance staff
Most salaries in Italy are determined by collective bargaining agreements. These agreements determine minimum wage levels for positions within each job category. Most major companies offer salaries that exceed these minimum wages. Additionally, many employees receive an extra month's salary in December, the so-called 13th month's salary (tredicesima mesilità) or a bonus (gratifica natalizia). Some employees even receive a 14th month's salary (quattordicesima mesilità) before the summer holidays.
This is just a short sample of what you’ll find in over 100 pages of information in the complete Italy Guide.