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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Jobs in Austria: What types of jobs are in demand and where?

Austria has hit its lowest unemployment rate in years. There are still thousands of open positions, and demand is high for workers in the country. Here's what you need to know.

Jobs in Austria: What types of jobs are in demand and where?

Despite the coronavirus pandemic, the war and Ukraine, rising inflation and supply bottlenecks, Austrians had one piece of particularly good news in the last few days: the unemployment rate reached a record low, according to Public Employment Service Austria (AMS).

In May, the unemployment rate was at 5.7 per cent, the lowest rate in 14 years and 20.6 per cent lower than in May 2021. At the same time, though, there was a record of open positions, according to the employment agency.

By the end of the month, more than 138,000 vacancies were registered as immediately available with AMS.

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

The job monitor of the ÖVP-Wirtschaftsbund, which evaluates all online job advertisements in Austria, currently counts more than 281,000 vacancies – the difference is due to the fact that not every employer registers a position with the AMS.

Moreover, some posts are only advertised with the Austrian authority after weeks or months on other platforms.

But where are these jobs?

Upper Austria has the most open positions

Upper Austria, the northern state bordering Germany and the Czech Republic, is where most of the vacancies are, according to data from AMS.

Just about 23 per cent of all open positions are in the state, and the number of vacancies increased by 51.4 per cent compared to the year before.

Lower Austria has 15.6 per cent of the vacancies, followed by Styria (14.5 per cent) and Vienna (14.4 per cent).

Burgenland, Austria’s least populous state, has just about 2 per cent of the open positions, according to AMS data.

Tyrol is the state where the number of vacancies has grown the most, 77.2 per cent compared to the same period in 2021.

Which sectors need more people?

One-third of the vacancies in Austria are in the industrial and commercial sectors, according to the employment agency.

Services, including gastronomy and hospitality, have a high demand for workers and are also the sector where demand increased the most after the pandemic – the increase was 71.1 per cent.

READ ALSO: EXPLAINED: How to find a summer job in Austria?

According to the ÖVP-Wirtschaftsbund data, about 15 per cent of job vacancies in Austria are in the tourism sector. Travel and services have certainly taken a hit during the pandemic years, especially in countries heavily dependent on it, such as Austria.

Austrian workers’ associations have been warning of impending chaos in the sector, especially as the tourist and summer seasons approach.

“The summer season is just around the corner, and tourism companies will not find workers,” the head of Wirtschaftsbund Kurt Egger told Die Presse. The association proposes double the quotas for tourism seasonal workers from outside the EU to 4000 as an immediate measure.

READ ALSO: How Austria is making it easier for non-EU workers to get residence permits

The federal government has also announced a comprehensive reform in its residence permits and work visas to attract more workers into shortage occupations and make it easier for high-skilled professionals to immigrate to Austria.

However, the changes are not simple, and new systems could take months to implement.

Who are the unemployed in Austria?

Though the unemployment rate is low, more than 235,000 people are registered as unemployed with the AMS. However, the number is 80 per cent lower than the year before.

Most are men (53.9 per cent) and Austrians (65.1 per cent). They are also young, with 56 per cent between the ages of 25 to 49.

Austria has broad support systems for its unemployed, with monthly payments, assistance with job seeking and free courses for those looking for jobs.