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Market Signals Report Week 1

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 which 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 them into better human resources and career management & more effective job search methods. Before there are trends, there are market 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. Collected Quotes from CEOs and HR Directors (heading 3) 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. Production: At the beginning of the pandemic we were forced to lay some employees off due to clients freezing their investments. Already in May, however, everything started functioning again. IT: Our industry is doing well, we’re definitely not complaining about our results. Banking: Our company’s strategy was clear from the beginning, and at first the employees were working readily. After the holidays, the decision to change the strategy was made. That became an excuse for some employees to lower their productivity. 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
by Career Angels
Full Report - Week 1
Winners of the week
Northern Europe
Lithuania
Losers of the week
Visegrad
Andorra
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: January 9, 2021
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
Index18: This week, 4 countries published more job ads on LinkedIn than in Week 13 of
2020: Estonia, Lithuania, Latvia, and Ukraine.
Index36: 44% of the countries published more job ads in Week 1 of 2021 than in Week
15 of 2020. Compared to the last week of 2020, it’s a decrease of 20%.
Overview of the indices
The European Union:
In Week 1, the European
Union noted a -24.73%
decrease: 962,453 fewer job
ads were published than
in the initial Week 17 of 2020.
Since last week, it's a -1.49%
decrease.
Number of published job ads on LinkedIn
Weeks 13 (2020) to 1 (2021)
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.
Number of published job ads on LinkedIn
Week 15 (2020) vs Week 1 (2021) - extended to 36 countries

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Market Signals Report Week 1

  • 1. Market Signals by Career Angels Full Report - Week 1 Winners of the week Northern Europe Lithuania Losers of the week Visegrad Andorra
  • 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: January 9, 2021
  • 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, 4 countries published more job ads on LinkedIn than in Week 13 of 2020: Estonia, Lithuania, Latvia, and Ukraine. Index36: 44% of the countries published more job ads in Week 1 of 2021 than in Week 15 of 2020. Compared to the last week of 2020, it’s a decrease of 20%. Overview of the indices The European Union: In Week 1, the European Union noted a -24.73% decrease: 962,453 fewer job ads were published than in the initial Week 17 of 2020. Since last week, it's a -1.49% decrease.
  • 5. Number of published job ads on LinkedIn Weeks 13 (2020) to 1 (2021) 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 Week 15 (2020) vs Week 1 (2021) - extended to 36 countries
  • 7. Number of published job ads on LinkedIn Week 15 (2020) vs Week 1 (2021) - extended to 36 countries (part 2)
  • 8. Selected quotes from CEOs & HR Directors Production: At the beginning of the pandemic we were forced to lay some employees off due to clients freezing their investments. Already in May, however, everything started functioning again. IT: Our industry is doing well, we’re definitely not complaining about our results. Banking: Our company’s strategy was clear from the beginning, and at first the employees were working readily. After the holidays, the decision to change the strategy was made. That became an excuse for some employees to lower their productivity.
  • 9. Visegrad Group Baltics Number of published job ads on LinkedIn by region
  • 11. When it comes to regions, the winning result of Week 1 belongs to Northern Europe: we observed an increase of +10.55% since Week 15 of 2020 (10,315 more job ads). Country-wise, Lithuania is the winner with an increase of +108.47%. W E E K 1 5 V S 1
  • 14. In Week 1, the worst result out of all the regions was noted in Visegrad: a -4.98% decrease compared to last week. Worst country result: Andorra with a -33.33% decrease. W E E K 5 3 V S 1
  • 17. The European Union - part 2
  • 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