Which sectors are recruiting, who and how many?

Remuneration levels in Luxembourg

Looking for work in Luxembourg? Which sectors are recruiting? What profiles are you looking for? What are the pay scales according to experience and skills? Here you'll find all the information you need on recruitment in Luxembourg, including profiles and salaries.

The latest remuneration survey presented by Hays Recrutement, the Luxembourg recruitment specialist, shows the extent to which the Covid crisis has affected recruitment criteria.

Luxembourg recruitment after Covid

A new working environment linked to the Covid crisis

In the midst of the Covid crisis, companies had to face a number of challenges to maintain their profits and ensure their continued development. While, overall, the Luxembourg labor market was able to cope with the unthinkable, it has nonetheless changed significantly since March 2020.

By adapting to the health context in order to protect their employees' health and continue their business, Luxembourg companies have initiated a major change in their human resources management and recruitment.

Against the uncertain backdrop of the health crisis, companies had to integrate new working methods. Telecommuting and managing dispersed teams were major challenges, which companies had to meet in record time. At the same time, they had to modify their sales channels and develop online sales.

This new working environment has taken different forms in different sectors and companies. New procedures have been put in place. Companies have acquired new IT tools. This has led to new skill requirements. Some had to call on new profiles.

Continued recruitment after Covid

Despite the crisis, almost 70% of companies continued to recruit, with almost half of these on permanent contracts. The IT and telecoms sectors, financial services (banking/insurance) and accounting were the most active in this area.

On the other hand, pay has remained stable in almost 90% of cases. Since the crisis, increases have remained fairly low, between 2.5% and 5% maximum.

Flexibility, a major criterion in the job search

In this unprecedented health context, remote working has developed strongly. All companies have had to adapt, at least for their administrative staff.

In fact, despite the end of the pandemic, flexibility is still very much in demand among employees. In concrete terms, telecommuting is now part of the working environment. Although companies are beginning to bring their employees back on site, some are still working remotely on a full-time basis.

In all cases, job applicants raise the issue of telecommuting right from the first recruitment interview. Telecommuting has become an integral part ofcorporate organization.

Today, this is an important benefit in kind, even if more and more companies are trying to get their employees to return to the company.

Jobs and skills in demand in Luxembourg

Growing professions

Horeca, investment funds, home delivery and financial regulation are all sectors that are gaining ground. IT professions and project management are also on the rise.

Other professions linked to the recycling of raw materials, such as cloud architects and baristas, are developing to keep pace with new environmental, technological and social trends.

Jobs in short supply in Luxembourg

At the same time, there is a severe shortage of skilled tradespeople (butchers, electricians, etc.) and of highly-skilled workers.

This is particularly true of IT and legal professionals.

Skills highly valued in the Luxembourg context

Specific skills such as language skills are highly valued in Luxembourg, given the country's linguistic particularism.

Cross-disciplinary skills such as management, digital and personal skills are also in high demand.

Remuneration by sector in Luxembourg

Here are a few benchmarks for remuneration by field of activity and profession in Luxembourg.

The salaries given below are gross salaries. They are salary brackets, negotiated with the employer during the job interview according to the candidate's skills and qualifications. The salary actually paid by the employer will be net, after deduction of taxes deducted at source in Luxembourg.

Architecture, design offices, building and civil engineering

Is the construction sector still very active and dynamic?

Visitors to Luxembourg can see the impressive number of cranes and construction sites lining the roads. Various districts of Luxembourg City and the south of the country are embarking on large-scale real estate projects to revitalize certain areas. These projects all have one thing in common: a harmonious mix of housing, offices and shops, offering a high-quality living environment in harmony with the surrounding environment.

However, the end of 2022 and the year 2023 are marking time in the real estate sector. More than 600 real estate-related companies have recently closed their doors. See the latest real estate trends.

There are many infrastructure projects in Luxembourg. The aim is to adapt transport systems to population growth. The electrical and HVAC engineering sector is also a major employer, attracting young graduates from neighboring countries.

Project managers who are bilingual in French and German, or even trilingual in Luxembourgish, are in high demand. Experienced profiles are most in demand.

The shortage of resources is giving candidates a run for their money, with salaries on the rise. A new cross-functional function is emerging, Building Information Modeling or Management, to facilitate construction projects.

Remuneration in the Luxembourg architecture sector

Salary brackets in the architecture field range from 30,000 to 110,000 euros gross per year.

  • draughtsman: from 30,000 euros for an inexperienced draughtsman to 60,000 euros for one with more than 8 years' experience,
  • interior design: €31,000 to €48,000 depending on experience
  • urban planner: 33,0000 to 63,000 euros depending on level of experience
  • architect: €33,000 to €67,000
  • experienced project manager: up to 70,000 euros
  • experienced branch manager: up to 110,000 euros per year

Building salaries

In the building trade, salaries range from 28,000 euros to 100,000 euros and more .

  • Site foreman with less than 3 years' experience: 28,000 euros
  • Site supervisor: from €35,0000 to €65,000
  • Engineers / Project managers: from 50,000 to over 75,000 euros depending on experience
  • Operations manager: from 90,000 to over 150,000 euros
  • Project manager in electrical or HVAC engineering: from 32,000 to 73,000 euros
  • Experienced site managers: over 100,000 euros annually, 95,000 euros maximum for interior work.

Corporate finance and accounting sector

Since 2016, the finance and accounting sector has been on a roll in Luxembourg. Despite the health crisis, the sector has continued to recruit. Financial restrictions have prompted the need to recruit operational staff quickly.

The trend is to internalize financial and accounting processes. What's more, companies seem keen to anticipate future retirements over the next 2 or 3 years. Real career paths are being offered to professionals in the sector. Referent positions are being created to supervise junior teams.

On the other hand, remuneration in this sector has risen only slightly. Companies preferother forms of remuneration, such as social packages like mutual insurance or pension plans, or luncheon vouchers and company cars.

Salaries from 30,000 to over 120,000 euros in the finance and accounting sector

Management salaries

  • Credit manager: from 53,000 euros a year for profiles with less than 3 years' experience, 83,000 euros for an experienced profile
  • Chief accountant: from 55,000 euros to over 99,000 euros
  • Chief accountant: from 68,000 euros to 105,000 euros for an administrative and financial manager
  • CFO: 125,000 euros and more

Compensation for operational functions

  • accountant: from €30,000 to €50,000 per year
  • management controller: from 45,000 to 105,000 euros
  • financial controller: from 55,000 to 116,000 euros
  • auditors: from 37,000 euros

Compensation in the banking and insurance sector

Luxembourg is a leader in the field of investment funds and the leading investment center in the European Union. In fact, it continues to attract major international financial institutions.

With more than 50,000 jobs, the sector is increasingly recruiting for operational positions, particularly in private equity and real estate.

Compliance and risk management are also growing.

Bilingual French/English profiles are in high demand. Job opportunities remain plentiful.

Salaries from 35,000 to over 100,000 euros in financial services, banking and insurance

  • Operational professions: salaries from 38,000 to over 100,000 euros
  • Compliance: 40 to more than 100,000 euros expected, depending on expertise
  • Risky businesses from 35 to 100,000 euros or more.

Earnings in the IT and telecoms sector

The IT and telecoms sector is stabilizing after strong growth in Luxembourg, due to the relocation of IT services to the Grand Duchy and government investment in this area.

Nonetheless, fintechs are still a source of employment, and prospects are good for the employees who remain. The health context has opened up new perspectives and new projects.

Salaries range from 32,000 to 120,000 euros and more in the IT and telecoms sectors

Remuneration for programming professions

  • entry-level test engineer: from €35,000 a year
  • confirmed software architect or functional project manager: from €120,000

Infrastructure and security professions

  • technical assistance: from 32,000 to 60,000 euros depending on experience level
  • systems and network administrator: from 38,000 to 75,000 euros
  • systems and networks engineer: from 40 to 80,000 euros.

Business Intelligence and ERP

  • confirmed data scientist: from 35,000 euros in the low range to 100,000 euros

Management functions

  • IT project manager: from 45,000 to 100,000 euros and more for experienced profiles
  • senior IT manager: between 120 and 250,000 a year.

Human resources: remuneration in Luxembourg

The HR function has changed dramatically with the pandemic. Companies are looking for profiles capable of accompanying the profound changes taking place within the company.

Already faced with the challenge of digitalization, the sector is now faced with the challenge of managing teleworking while maintaining team cohesion and an entrepreneurial spirit. The challenges are many, and companies are looking for experienced profiles capable of developing processes and maintaining business activities.

HR teams need to master digital tools and be present with staff at all times. Outsourcing recruitment is a strong trend.

Salaries from 30,000 to over 130,000 euros a year

  • HR Assistant: from 30,000 to 52,000 euros per year
  • HR Manager: from 37,000 to 68,000 euros per month depending on experience
  • Senior recruitment manager up to 93,000 euros a year
  • Training manager up to 83,000 euros for an experienced profile
  • Payroll manager: from €30,000 to €73,000 per year, Payroll manager up to €93,000
  • HR Manager up to 93,000 euros
  • HR up to 134,000 euros per year.

Assistant and secretarial professions in Luxembourg

This market continues to recruit, with ever more stringent requirements in terms of candidate profiles.

They need to have good analytical skills and be able to manage increasingly complex projects.

Multilingual profiles with good business and IT technical skills are preferred. Candidates with a proven track record in the relevant business sector are all the more likely to be recruited.

Candidates must also share the company's values and demonstrate appropriate interpersonal skills.

Remuneration prospects are good, commensurate with the skills required. Good profiles are sought after, and necessarily rewarded in terms of remuneration. Multilingual profiles benefit from a higher salary of around 2,000 euros.

Average salaries range from 32,0000 euros to 60,000 euros, depending on profile and skills.

  • Executive assistant: multilingual profile from €33,000 to €60,000 per year
  • Office assistant: from 32,000 to 54,000 euros for a multilingual profile
  • Specialized assistant: from 32,000 to 45,000 euros for a sales assistant, and up to 54,000 euros for a legal assistant.
  • Support functions such as receptionist or administrative assistant: from 32,000 to 42,000 euros.

Sales, marketing and communication revenues

In the commercial sector, companies are above all looking for multilingual profiles, especially German speakers . Germany is one of Luxembourg's main trading partners. Profiles must be able to interact with the local population.

Mobility and technical skills, especially IT skills, are valued .

What's more, with the digital channel taking over in the wake of the pandemic, skills in this area are bound to be valued.

Although remuneration has historically been based on variable pay, employees are now trying to reduce this part of their salary and give priority to the fixed part. In 3 out of 4 cases, a company car is granted.

Salary ranges from 26,000 euros to 150,000 euros, depending on profile, experience and business sector.

Industry sector

  • sedentary customer advisor: from 34,000 euros to 49,000 euros
  • entry-level marketing manager: 36,000 euros per annum
  • marketing manager: up to 75,000 euros
  • sales engineer: from 45,000 euros per year to 90,000 euros for a technical sales engineer.
  • sales manager up to 130,000 euros.

Building sector

  • sedentary sales: between 34,000 and 50,000 euros depending on experience level
  • traveling sales representative: between 35 and 65,000 euros if experienced
  • sales manager up to 125,000 euros if experienced.

IT sector IT

  • account manager: from 36,000 euros
  • sales manager: up to 150,000 euros

Automotive sector

  • entry-level salesperson: from €33,000 a year
  • fleet manager: up to 82,000 euros

Fashion and luxury professions

  •  entry-level salesperson: from 26,000 euros to 44,000 euros per year after 8 years' experience,
  • regional sales director: up to 64,000 euros.

Supply chain, purchasing and logistics in Luxembourg

Whether for road, river or air transport,Luxembourg is now recognized as Europe's logistics center.

Cargolux is a benchmark in air cargo transport. The Bettembourg multi-modal rail center has taken its place in the market.

The profiles we're looking for are analytical in order to further improve our processes.

While salaries remain stable in this field, multilingual (French, German and English) and technical profiles clearly have a place to make in an international market. Experience in the field is highly valued.

Logistics and supply chain salaries range from 36,000 to 140,000 euros a year

Purchasing

  • project buyer: between 36 and 80,000 euros per year
  • purchasing manager: from 52,000 to 95,000 euros
  • purchasing manager: from 82 to 140,000 euros per year.

Supply chain, logistics and transport

  • transit agent: between 30 and 50,000 euros a year
  • operations manager: between 39 and 55,000 euros
  • supply chain manager: up to 110,000 euros a year, or even 130,000 euros in industry.

Legal area

Luxembourg's central location at the heart of Europe and its economic situation make it a magnet for companies in the legal sector.

Today, new law firms are appearing on the market. They are looking for profiles capable of managing international relations and links with the Commission de Surveillance du Secteur Financier.

Legal salaries range from 35,000 to 150,000 euros and more, depending on profile

Law firms

  • lawyer: remuneration from 35 to 85,000 euros p
  • senior partner: up to 110,000 euros
  • partner from 120 to 160,000 euros.

Fiduciary firms

  • secretary: salary from 40 to 80,000 euros
  • tax manager: 110,000 euros
  • head of tax: 150,000 euros

To help you with your next recruitment, please consult our Employment and vocational training in Luxembourg section. You'll find valuable advice.

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