An Overview of Switzerland’s thriving technology market

Posting date: 01 December 2020

Switzerland has long been a world leader in innovation and technology. Ranked as the most innovative country in the world by the Global Innovation Index, the country remains at the forefront of science and technological research. Switzerland has always been quick to utilize new technologies to create robust innovation across a range of industries, from the financial services to healthcare and life sciences.

 

Over the years, Switzerland has gained a reputation for being the centre for research around artificial intelligence. Indeed, the country currently holds the most AI patents in the European health care industry. And as Switzerland continue to invest in new technologies, we can expect smarter applications to appear across all industries. With all this in mind, let’s take a look at Switzerland’s thriving technology market in more detail.

 

Switzerland’s tech hubs

In Switzerland, fintech is a key driver of innovation throughout the country, paving the way for several tech hubs. For example, the Swiss city of Zug, not too far from Zurich, is home to bitcoin and blockchain start-ups. Blockchain technology is used in a wide range of industries, including insurance and logistics. The city has become so synonymous with the tech movement that it earned the nickname “Crypto Valley” – and it’s the fastest growing technology hub in Europe. In a 2018 report, it was shown that the city grew by 177% in the number of tech-related events. Since then, Crypto Valley has continued to thrive, even in the face of uncertainty around the COVID-19 pandemic. With its ever-expanding pool of developers and software companies, Switzerland has become a tech hub paradise. Other cities like Lausanne have very successful technology companies, with a focus on AI, health tech and energy.

 

Tech start-ups

Since 1996, the number of start-ups in Switzerland has increased by 700%, with Zurich taking up most of the share. It’s important to know that Switzerland is one of the most expensive places to start a business, due to high living costs. Despite this, Switzerland has still managed to become one of the go-to countries for starting a technology company. Some of the most notable tech start-ups in recent years include Bestmile, a software company that provides autonomous vehicles, and they have offices in San Francisco and London. In 2019, it was named one of the top five best Swiss start-ups in an annual competition. Further afield in the Swiss start-up world is Flyability. Founded in 2014, the company build drones that can be used indoors to check for security and safety and dangerous spaces. The company raised 16m in total to build the drones, which promise to provide fully autonomous inspection. Flyability is focused on reducing risk for workers in confined spaces, and for the environment itself.

 

Key trends

Several key technology trends are making waves in Switzerland. Wearable technology, for example, is having a huge impact on the Swiss insurance industry. It has the potential to help companies better understand their customers with the use of data, and as a result, manage risk and improve processes. Other trends like big data and robotics are big players and have been gaining momentum in recent years, especially in the Swiss healthcare sector. These technologies have the potential to tackle a variety of challenges in healthcare, as outlined in the digital opportunity report by the University of St. Gellen. More data and optimisation can lead to better decision-making in healthcare and create more trust for patients. There’s no doubt Switzerland has developed into an innovative hub for all kinds of technology, all of which continue to fuel the economy at a rapid rate.

 

Are you looking for your next opportunity in technology?

At Swisslinx, we have a deep understanding of the digital and technology industry. It’s a sector that continues to evolve, with innovations coming out daily. Our team of consultants are always up to date with the latest trends in the tech market, and they use their knowledge to support candidates. If you’re looking to land your next role in technology, take a look at our job page for more information.

How to maintain company culture while working remotely

Remote working has become a way of life for many employees. Businesses throughout the world have to adapt and become more agile, with many taking on a hybrid work model. While there’s likely to still be organisations that want employees to get back into the offices permanently, there’s now a much greater demand for remote working and flexibility. There’s certainly a widespread acceptance that remote working is the future. And as organizations have taken to the post-pandemic world, maintaining company culture has become all the more important. Since employees don’t need to be physically in an office to work, companies will need to pay extra attention to their culture and ensure their teams are happy and fulfilled. Reinforce company values With remote teams, it’s even more important for managers and leaders to acknowledge the values of a company. This is particularly crucial when onboarding new hires remotely. For example, the way problems are solved within the business in a remote environment need to be reinforced to employees, as well as how core decisions will continue to be made. All of this should reflect aspects of the company culture. When leaders relay information about the company’s policies and practices, it reminds employees that culture and structure still exists. Due to remote working, the boundaries of culture can be difficult to define – so companies must focus on establishing expectations and promoting a strong work ethic to help maintain culture. Establish trust One of the best ways to maintain company culture while working remotely is to build trust and transparency throughout the organisation. Thanks to digital tools, it’s never been easier to stay connected with people and build relationships. With a remote team, managers need to show confidence in their team and maintain the trust that was built back in the office. For example, leaders and managers should be always open to collaboration and sharing solutions to problems. That way, everyone will feel connected and part of a team, which can remove any feelings of isolation that can come from working from home. Create a sense of accountability In the remote working world, it’s important to empower your team members to be proactive and take initiative. When managing a remote team, you need to avoid simply delegating tasks but instead create a workflow for your team that allows them to take a lead on projects. This creates an environment of accountability which helps maintain the culture you may have had back in the office. Personal responsibility is an important part of many businesses, so translating this into a remote environment is an excellent way of maintaining culture. Set new targets Companies must set all employees new objectives as priorities change. In a remote environment, there are likely to be some significant changes to company goals. Setting monthly and weekly targets is a great way to foster company-wide motivation and it creates a strong work ethic across teams. As in the office, employees will be driven to achieve company goals if they understand what they are. That’s why setting a vision for the work is essential and understanding how people are feeling with regards to meeting their targets in the new normal. Also, leaders should continually share what the company has achieved through communication tools, as well as business goals, all of which cultivate a sense of company culture. Swisslinx can drive your recruitment forward At Swisslinx, we have an excellent track record of providing the best recruitment solutions to companies in a range of sectors, from financial services and digital to healthcare and life sciences. As a leading recruitment agency in Swisslinx, we have access to an array of talent to help your business grow and develop. We pride ourselves on building effective relationships with clients and candidates. Contact us today if you would like to find out more about how we can help your recruitment. Also, please keep reading our insights page for more interesting articles.

READ MORE

Why internal mobility is crucial for engaging and retaining talent

Internal mobility is all about the movement of employees from one position to the next within an organisation. Now more than ever, businesses need to build a growth-oriented and flexible workforce to improve retention, leadership and engagement. Organisations in Switzerland today need to be open to new challenges and make sure their employees always have opportunities to take on new responsibilities and move up in the company. It’s no secret that employees who are happy and engaged will be more motivated to do their best work, so development opportunities should be taken seriously by all companies. Internal mobility is an effective way of filling skills gaps and delivering seamless talent acquisition – and it’s essential for the success of any organisation. Here’s why:   Nurture high-potentials   Internal mobility is hugely important when it comes to nurturing high-potential employees. Having an internal mobility strategy enables businesses to take advantage of the most promising talent and ensure they remain at the company. It’s widely understood that millennial workers change companies more frequently than older generations. That’s why taking an internal approach to moving employees to new roles and adding responsibilities shows you’re invested in the people that work within your company, which is key to retainment. When you identify and nurture the best talent in your organisation, you can create an agile workforce with a team of professionals with cross-functional knowledge and expertise.   Builds a culture of learning   One of the key benefits of focusing on internal mobility is that it builds a culture of continuous learning. First of all, it’s a change in mindset that asks leaders to support a culture of challenge and growth and encourages employees to plan for the next stage in their careers. A learning culture is crucial to securing employee productivity, engagement and enthusiasm. The best employees want to keep expanding their knowledge and learn new skills quickly for their professional development. An internal mobility program can pave the way for a strong learning culture, which can make a more adaptable organisation. In a learning culture, employees actively share each other knowledge, which means problems can get solved more quickly. In this way, employees will be more engaged and more likely to stay at the company for longer.    Business development    Without retaining employees and keeping them engaged, it’s difficult for a company to develop and drive internal growth. Organisations need to think strategically about why people join their companies and why they choose to stay. Often, it’s the work-life balance, culture and learning opportunities that make people enjoy their roles and feel valued. Internal mobility feeds into all areas of business development and growth. An internal mobility strategy can help companies find potential leaders who can empower their businesses in the future. Above all, companies should have an internal talent pipeline ready to fill new positions when needed. Hiring externally takes time and there’s always the risk of a candidate leaving the role prematurely. Therefore, investing in internal mobility is an effective way to empower your workforce, which in turn, can future-proof your business.   Swisslinx has the expertise to help your business grow   Swisslinx is a recruitment leader in a wide range of markets, including financial services, technology and healthcare and life sciences. Our team of dedicated consultants have years of experience in delivering quality recruitment expertise and sourcing the best candidates on both a permanent and contractual basis. We’ve established excellent consultative partnerships with our clients and candidates, and we pride ourselves on our quality service, built on insightful knowledge and experience. If you’d like to know more about our service, contact our team today.  

READ MORE