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.
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.
Finance: Our salaries were cut in spring and are still lower than before the pandemic. We have also been working from home.
Home appliance / Technology: The construction and home appliance industries are doing really well.
Construction: At the moment, 90% of the companies in our industry have a full set of orders. For now we don’t really feel any impact of COVID-19, but I predict that the private sector will slow down a bit in about a year – there will be less investments in shopping centers and offices.
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).
1. Market Signals
by Career Angels
Full Report - Week 50
Winners of the week
Benelux
Netherlands
Losers of the week
Southern Europe
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: December 12, 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 Belgium.
Index36: 50% of the countries published more job ads in Week 50 than in Week 15,
which is a 3% decrease since last week. Moreover, 23% of the countries published
more job ads this week than last week – a decrease of 43% compared to Week 49.
Overview of the indices
The European Union:
In Week 50, the European
Union noted a -0.56%
decrease: 21,912 fewer job
ads were published than in
the initial Week 17. Since last
week, it's a +-5.35% decrease.
5. Number of published job ads on LinkedIn
Weeks 13 to 50
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
Finance: Our salaries were cut in spring and are still lower than before the
pandemic. We have also been working from home.
Home appliance / Technology: The construction and home appliance
industries are doing really well.
Construction: At the moment, 90% of the companies in our industry have a full
set of orders. For now, we don’t really feel any impact of COVID-19, but I
predict that the private sector will slow down a bit in about a year – there will
be fewer investments in shopping centers and offices.
7. Number of published job ads on LinkedIn
Week 15 vs 50 - extended to 36 countries
8. Number of published job ads on LinkedIn
Week 15 vs 50 - extended to 36 countries - part 2
11. In Week 50, the worst result out of all the
regions was noted in Southern Europe:
a -23.43% decrease and 98,750 job ads
less than in the initial Week 15. Worst
country result: Luxembourg with a 45.44%
decrease and -5,437 job ads.
W E E K 1 5 V S 5 0
14. When it comes to regions, the winning
result of Week 50 belongs to BENELUX:
we observed an increase of 2.71% since
last Week 49 (16,298 job ads more).
Country-wise, Netherlands is the winner
with an increase of +4.62%.
W E E K 4 9 V S 5 0
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