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 market 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.
We’ve continued reaching out to CEOs, HR Directors, investors, board members and candidates that we know personally, to take the temperature. Below you’ll find their shortened quotes in no particular order.
Collected Quotes from CEOs and HR Directors:
The vast majority of executives are with market leaders in their respective industries. By default, the board members are members of local boards; if not, we’ll indicate the exception.
Legal: My clients have started to form their budgets again and are changing the contract conditions so it’s not perfectly stable at the moment.
International consulting: Our sales have significantly dropped because of the international traffic restrictions.
Digital transformation: Finding clients online has become much harder than before. What’s more, we are looking for European and American suppliers, and because of the travel restrictions it’s not easy to cooperate. Apart from that, USA in mainly focused on the American companies, so our situation is difficult.
Investment fund: Many companies are being very cautious and have put their investments on hold. We can also see some political influence.
Finance: There have been some lay offs and reductions in our company, but it has more to do with the general situation of the group, not just our subsidiary.
If you want to discuss your professional situation confidentially or if you are considering hiring Career Angels for support, contact Bichl.Sandra@CareerAngels.eu who will personally match you with the most appropriate consultant. For efficiency, add your CV and availability for a Skype call.
If you want to contribute, email your signals to Sandra (everything will be kept confidential).
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Market Signals Report Week 47
1. Market Signals
by Career Angels
Full Report - Week 47
Winners of the week
Southern Europe
Spain
Losers of the week
DACH
Luxembourg
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 Saturday afternoons 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: November 21, 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. Index18: This week, 5 countries published more job ads on LinkedIn than in Week 13:
Estonia, Lithuania, Latvia, Ukraine, and Germany.
Index36: 53% of the countries published more job ads in Week 47 than in Week 15,
which is a 3% increase from last week. 52% of the countries published more job ads
this week than last week – an increase of of 15% compared to Week 46.
Overview of the indices
The European Union:
In Week 47, the European
Union noted a +17.88%
increase: 695,969 more job
ads were published than in
the initial Week 17. Since last
week, it's a +0.53% increase.
5. Number of published job ads on LinkedIn
Weeks 13 to 47
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. Selected quotes from CEOs & HR Directors
Legal: My clients have started to form their budgets again and are
changing the contract conditions so it’s not perfectly stable at the
moment.
Digital transformation: Finding clients online has become much harder
than before. What’s more, we are looking for European and American
suppliers, and because of the travel restrictions it’s not easy to
cooperate. Apart from that, USA in mainly focused on the American
companies, so our situation is difficult.
7. Number of published job ads on LinkedIn
Week 15 vs 47 - extended to 36 countries
8. Number of published job ads on LinkedIn
Week 15 vs 47 - extended to 36 countries - part 2
9. Selected quotes from CEOs & HR Directors
Investment fund: Many companies are being very cautious and have
put their investments on hold. We can also see some political
influence.
International consulting: Our sales have significantly dropped because
of the international traffic restrictions.
Finance: There have been some lay offs and reductions in our
company, but it has more to do with the general situation of the group,
not just our subsidiary.
12. When it comes to regions, the winning result
of Week 47 belongs to Southern Europe:
we observed an increase of +11.30% since
last Week 46 (46,413 job ads more).
Country-wise, Spain is the winner with an
increase of +31.58% (37,601 new job ads).
W E E K 4 6 V S 4 7
15. In Week 47, the worst result out of all the
regions was noted in DACH: a -24.22%
decrease and 477,891 job ads less than
in the initial Week 15. Worst country result:
Luxembourg with a -47.31% decrease
and -5,661 job ads.
W E E K 1 5 V S 4 7
19. 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
20. 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.
21. 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