The document provides market signals and trends in the job market based on an analysis of over 5,000 job postings on LinkedIn. Key highlights include:
- The Baltic region saw the largest increase (+13.66%) in job postings between weeks 15-28, while Southern Europe saw the largest decrease.
- 44.45% of countries had more postings in week 28 than week 15, down from 50% the prior week.
- Sweden saw one of the largest decreases (-36.09%) between weeks 15-28.
- The European Union saw an overall increase in postings of 3.11% between weeks 15-28, but a decrease of -6.78% from the prior
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Market Signals Report Week 28
1. Market Signals
by Career Angels
Winners of the week
Losers of the week
Serbia
Portugal
Baltics
Sweden
Germany
Southern Europe
Full Report - Week 28
2. The type of clouds (cirrus, stratus, cumulus, nimbus), their size, location, direction and
speed of movement can give an indication as to what the weather has in store
over the coming two days: storm, sun, snow, ice or rain. In other words, dreamy, thin,
wispy clouds bring something different than fluffy, cotton wool style clouds.
The art of interpreting signals (precursors of trends) is - and always has been -
important in navigating financial markets and economies. If you are an
experienced manager or executive who wants to manage their career and/or job
search processes wisely, look at the signals of the job market which are
inseparably embedded in the VUCA landscape of today's world.
Check in on Saturdays afternoon for the newest release on LinkedIn:
http://LinkedIn.com/company/Career-Angels/
And for daily updates here
http://www.LinkedIn.com/Showcase/Market-Signals/
Prepared by the entire team of www.CareerAngels.eu
Published: July 11, 2020
3. Because of how we work when supporting our clients, we have a very unique
“glimpse” into how over 5000 Executive Search companies and almost 20 000
decision makers react – the majority of them being located in Europe; and we
collect and analyze how they respond; and we observe if and what kind of
trends there are to leverage our clients into better career management &
more effective job search methods.
Before there are trends, there are signals which we usually keep to ourselves.
But these are not usual times, so we decided to share those signals by the end of
each week. If the country / context is important, we’ll add them. Otherwise, we’ll
keep it general for confidentiality.
Source of signals
4. Overview of the indices
Regions: The Baltic region noted the biggest positive difference between Week 15 and 28 (+13.66%)! It
was also the only region that noted a positive difference in all countries. For the last three weeks,
Southern Europe has noted the biggest decrease in the number of published job ads on LinkedIn out
of all the regions. Between Week 17 and 28, the EU countries altogether have seen an increase in the
number of jobs ads (+3.11%). Compared to Week 27, though, it’s a decrease of -6.78%.
Index18: Just as last week, the
same 2 countries were the only
ones that published more job
ads in Week 28 than in Week
13: Poland & Ukraine.
Index36: 44,45% of the countries
published more job ads in
Week 28 than in Week 15.
Compared to Week 27 (50%), it’s
a decrease of -5.55%.
5. Number of published job ads on LinkedIn
Weeks 13 to 28
Note: some job ads might
have been taken off
LinkedIn, not because
the recruitment process was
put on hold or canceled,
but because they are
costly, especially if you have
dozens of them. A
company might have
wanted to simply cut costs
and move to more cost
effective alternatives. Some
local job portals are offering
substantial discounts. These
are the initial 18 countries
that we tracked.
6. Number of published job ads on LinkedIn
Weeks 15 vs 26 - extended to 36 countries
7. Number of published job ads on LinkedIn
Weeks 15 vs 26 - extended to 36 countries - part 2
8. Selected quotes from CEOs & HR Directors
Healthcare: The next step – going back to the office. We’ve been
working remotely for the past few months and it probably won’t
change for those cases that don’t require face to face meetings.
Telcom: We have actually noted gains ever since the pandemic
started.
Big4: Clients are hesitant to invest in business consulting as it’s costly
and requires traveling, which is now limited. In consequence, it’s harder
to reach our targets.
11. Apart from Italy and Spain, the country
with the biggest negative change
between Week 15 & 28 was Sweden
(-36.09%). It also placed second to last
between Week 27 & 28 (-7.95%) and was
outran only by Germany (-11.70%).
S W E D E N
15. For the second week in a row, the
European Union has experienced a
positive difference between Week 15 &
28 (+3.11%). Compared to Week 27, though,
it’s a -6.78% decrease.
T H E E U R O P E A N U N I O N
18. Cover the basics: our ATS "enforces" as complete applications as possible. Having said that, it still
surprises me that approximately 30% of the candidates still don't get the absolute basics right!
Don't apply to everything. Constant rejection affects your motivation. Keep applying to the job
ads where you see a fit and don't give up!
Head of Talent Acquisition / International public organization
"Before CV-19, sometimes we'd have only 20 applicants for a post. Now, there's a massive increase. For
some roles it's double the amount of candidates – for HR roles, even more! A recent posting received
50 applicants within 12 hours! I can see that online interviews are more stressful for candidates
because of all the technical challenges. Consequently, their performance is different. The overall
candidate experience is also different – not worse, just different."
Tips for candidates:
Useful observations & tips for candidates from
one of our contacts
19. If you are a senior candidate who
might need support / guidance:
You can access the following services completely confidentially and
free of charge:
- CV Report
- Career Consultation
Email Bichl.Sandra@CareerAngels.eu who will personally match you
with the most relevant Career Consultant. To save time: add your CV
and availability for a Skype call.
20. If you want to support your
(future) former employees:
Request an offer for outplacement services by email:
- in Polish: Anna.Zadrozna@CareerAngels.eu
- in English / German: Sandra.Bichl@CareerAngels.eu
For further information visit: www.ManagerialPlacement.eu