Which are the best companies to work for in Austria?

From international giants to local companies, here are the most attractive employers in Austria.

office and workers
Austrian companies, and companies in Austria, look for ways to attract talent in a competitive environment. (Photo by Alex Kotliarskyi on Unsplash)

Austria is undoubtedly a rich country full of employment opportunities. It has both a vibrant multicultural scene, with international companies choosing to expand to the alpine lands, and well structured, traditional local businesses.

But what are the best companies to work for in Austria?

There are a few pillars shown to lead to career progression: the ability to advance; skills growth; company stability; external opportunity; company affinity; gender diversity, and educational background, according to research from employment social network LinkedIn.

In Austria, this is the first time the social network website tracked employee data to evaluate things like gender parity within a company, how employees are gaining skills while employed within a company, and other updates people will add to their professional pages reflecting how working for a particular firm could advance their careers.

Here are the best companies to work for in Austria:

1. Raiffeisen Bankengruppe. The bank offers flexible working hours, company kindergartens, and re-entry programs after maternity leave.

2. Siemens. The engineering and innovation company currently has a 92 per cent vaccination rate, and full order books, in its Austrian division.

3. UniCredit. The financial company is the parent firm of Bank Austria. It is famous for its environmentally friendly headquarters in Vienna, with strong social investments and its own employee leisure centre.

4. Bosch. The engineering program is known for promoting from within, with 90 per cent of managers coming from their own ranks.

5. Novartis. The pharmaceutical company wants to increase equal opportunities in hiring and has founded its own women’s network.

READ ALSO: EXPLAINED: What you need to know about parental leave in Austria

6. Red Bull. The Austrian company that makes the famous homonymous energy drink is expanding and advancing its organic productions. It also has its headquarters in Salzburg state – which is very popular among employers.

7. OMV. The Austrian energy giant is certainly in the headlines after the Ukrainian crisis. Still, it was before known for offering several performance incentives to its employees.

8. Takeda. The pharmaceutical producer has a good reputation as an employer in terms of diversity and family-friendly policies.

9. AVL. The automobile company is focusing on electric cars and e-fuels, and it relies on creative methods and a modern work environment to attract talent to its Graz headquarters.

10. Knapp. The logistics firm is growing fast and bringing in many skilled workers in the fields of mechatronics, electrics, and software.

And here are the other top companies to work for in Austria:

11. Lufthansa Group
12. ÖBB
13. Wiener Städtische Versicherung
14. Rewe Group
15. Voestalbine
16. Boehringer Ingelheim
17. Mondi Group
18. EY
19. Frequentis
20. RHI Magnesita
21. Fronius International
22. BMW Group
23. A1 Telekom Austria
24. Atos

READ ALSO: Can I work for my foreign employer as a self-employed person in Austria?

Only companies that have at least 500 employees in Austria are eligible to be on the ranking, according to the study. Additionally, companies with layoffs during the year that amount to more than 10 per cent of their workforce are also ineligible.

The list also excludes staffing and recruiting firms, educational institutions, and government agencies – as well as LinkedIn itself and its parent company Microsoft and its subsidiaries.

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Austria extends its short-term work system until the end of 2022

The Kurzarbeit system was limited until June; the Federal Government this Tuesday extended its validity.

Austria extends its short-term work system until the end of 2022

Austria’s short-term works scheme, the Kurzarbeit, which was set to expire by the end of June, was officially extended until the end of the year.

The scheme allows companies particularly affected by the coronavirus pandemic to ask for government assistance as long as they keep their workforce. Employees in Kurzarbeit work fewer hours and receive a fraction of their salary, paid by the scheme – up to 90 per cent, depending on their pay.

Discussions are still ongoing between the trade union and the Chamber of Commerce on the details of the short-time work extension, broadcaster ORF reported.

Employers want the government to increase the percentage of the salary paid to workers, asking all employees receive a 90 per cent net replacement for wages. Workers with higher salaries could receive as little as 70 per cent of their wages from the scheme, leading to a significant loss of income.

READ MORE: EXPLAINED: How to get your €500 Kurzarbeit bonus in Austria

Austria’s Labour Minister Martin Kocher said that the extension was only possible after “significant compromises” and that the system will only exist in very specific cases in the future. He didn’t give further details, though.

One of the reasons for the extension, ORF reports, was to cushion the economic consequences of the Ukraine war.

Kurzarbeit and unemployment rates

April 2020 saw the highest number of people, more than one million, on the scheme. Around 53,000 people were still pre-registered for short-time work at the beginning of the week. From March 2020 to the end of March 2022, government spending on coronavirus short-time labour amounted to € 9.56 billion.

READ ALSO: Six official websites to know if you’re planning to work in Austria

At the same time, the domestic labour market has seen a decrease in unemployment, even with the slowdown due to the war in Ukraine and soaring energy prices.

Compared to just one week ago, 4,216 fewer people were unemployed. Currently, 324,977 people are registered with the Public Employment Service Austria (AMS) as unemployed or in training. 251,633 of them are looking for a job, and 73,344 are in training measures of the AMS.