The access to highly skilled professionals is obviously important for international companies looking to recruit for their offices in new locations. Here, Luxembourg comes out well. The country ranks 3rd in the 2020 World Talent Ranking, which in particular highlights the ability to attract and retain talent and the availability of foreign highly-skilled personnel. The 2021 Total Workforce Index, which measures the relative ease of sourcing, hiring and retaining workforce skills in competing labour markets, places Luxembourg 18th in the world and 8th in the EU.
Cultural insights, language skills
“Thanks to the EU institutions, the financial centre and the rapidly expanding research, innovation and start-up scenes, Luxembourg is a truly international place,” comments Jenny Hällen Hedberg, who heads Luxinnovation’s International Business Development team. “It is also a regional economic engine. Every day, a large part of the workforce comes from neighbouring countries. Companies looking for a place within reach of France and Germany – two of the most important markets in the EU – can easily hire people in Luxembourg with knowledge, contacts and language skills that cover both.”
The use of English is widespread and a must in companies located here.
The Luxembourg population is the most multilingual in the EU, and language skills go well beyond the countries three official ones: Luxembourgish, German and French. “The use of English is widespread and a must in companies located here,” Ms Hällen Hedberg points out. Luxembourg is in fact among the 12 countries in the world with the highest skills in English as a foreign language according to the 2020 EF English Proficiency Index. “Our multiculturalism and multilingualism are unique in Europe and cannot be found elsewhere.”