BusinessEurope has released its priorities for the European Union's social policy over the next five years. The document was presented to European Commission President Ursula Von der Leyen, Executive Vice-President Valdis Dombrovskis, and European Commissioner for Jobs and Social Rights Nicolas Schmit during a meeting with the European Social Partners.
Fredrik Persson, President of BusinessEurope, stated: “A strong economy is essential for safeguarding our European way of life. Well-designed employment and social policies can enhance Europe’s competitiveness and productivity. The European business community has outlined five key priorities for EU social policy that will help to reverse the decline in its global competitiveness. EU actions are required to facilitate labour mobility and complete the Single Market."
Persson emphasized the importance of expanding labor market participation, equipping workers with future-proof skills, and attracting skilled workers from outside Europe. He noted that "European companies are facing acute labour and skills shortages that are undermining their competitiveness and therefore Europe’s future growth and employment.”
The report highlights several data points illustrating current challenges. In 2023, only 3.8% of the EU's working-age population moved within the EU. Additionally, while the vacancy rate has been growing since 2013, it now remains high at 2.6% as of the first quarter of 2024. Furthermore, only three EU Member States rank among the top ten most attractive destinations for highly educated workers according to OECD standards.