Luxembourgâs talent gap New law aims to slash top management perks and introduce incentives to attract mid-level workers
Angling for top talent is high on any governmentâs agenda. But for a country as dependent on foreigners as Luxembourg, the stakes are higher than for others.
Almost half of the countryâs population comes from abroad, but the share of immigrants in the workforce stands at above 70%. Clearly, the countryâs high salaries, economic stability, safety, and good public health insurance are attractive. But will it be enough for the future?
Luxembourgâs plans to base its economy on highly skilled workers date back decades. In the mid-1980s, the country understood the opportunities offered by a new EU law that allowed fund managers to sell their retail investment funds throughout Europe.