Paris has one of Europe’s highest GDP; in fact, if Paris was a country, it would be ranked 17th in the world. There’s no doubt that this city is definitely part of the world economy’s engine.
You can find this dazzling city’s economic center at the Hauts-de-Seine départament or further west at suburban La Défense business district, rapidly churning the wheels of France’s premier economic activity center.
Over 80% of Parisians have service-related jobs. However, Paris has no leading specialized industry but even that is changing in this fast-pace business world. More jobs are slowly coming up in the city’s high-value-added service (IT and finance, for instance) and high-tech manufacturing sectors (electronics, optics, aerospace, etc.). That said, the electronic and electrical industry, as well as the publishing and printing industry, are the ones which employ most workers.
Home to headquarters of 37 of the world’s Fortune 500 companies, most workers tend to commute from the suburbs into the city in order to work. However, recent changes in the city plus the gradual shifting of Paris’ business epicenter towards the city’s west border have resulted in more people commuting from the city into the suburbs to get to work.
A generous social security system – supported by high taxes – and mandated holidays plus minimum wage constraints have wooed 700,000 EU and 800,000 non-EU immigrants to work in France, where unemployment rates fluctuate between 9% and 11%. Women represent 44% of the country’s entire workforce.
These figures can be easily transported to Paris’ current workplace situation. However, the French usually hire those they know (as opposed to complete strangers), mainly due to how expensive hiring – and especially firing – someone in France actually is. Therefore, if looking into making your trip a permanent one, make sure you know what you’re getting into and prepare yourself for long networking hours!
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