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Market Signals Report (Week 16)

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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 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 these 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, 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.

Food industry: The business is thriving, so the CEO raised salaries by a few % to support and motivate the team.

Legal services, debt collection: We’re not planning on any lay-offs. I’ve noticed that people are actually getting more and more interested in our innovations, as they will want to reclaim their money in a fast and cheap way.

IT / Telco: It’s stable. We’re still getting a lot of projects. But the longer isolation period can influence the investments. Still, no lay-offs at the moment.

Food industry: No lay-offs at the moment but we’re having some issues. We’re experiencing a significant decrease in sales and our suppliers are not very cooperative. We’re fighting, though, and we know we’re going to get through it all. We are also trying to see the good side – the crisis exposes all the problems, so we’ll know what to work on in the future.

Retail: No lay-offs at the moment. But we’ll see how long that will last.

Candidate quotes:

CEO, healthcare: I’ve recently received 2 invitations from headhunters to join processes for PE/VCs.

Director CEE, horeca: A lot of people were laid off (including me), but the company gives the opportunity to come back once everything is running normally again.

If you want to discuss your professional situation confidentially or if you 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 16)

  1. 1. Market Signals Full Report - Week 16
  2. 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/ Prepared by the entire team of www.CareerAngels.eu Published: April 18, 2020
  3. 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. 4. 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 Weeks 13 to 16
  5. 5. 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 Weeks 13 to 16 - sorted
  6. 6. Number of published job ads on LinkedIn Weeks 15 vs 16 - extended to 36 countries
  7. 7. Number of published job ads on LinkedIn Weeks 15 vs 16 - extended to 36 countries - sorted
  8. 8. Selected quotes from CEOs & HR Directors Food industry: The business is thriving, so the CEO raised salaries by a few % to support and motivate the team. Legal services, debt collection: We’re not planning on any lay-offs. I’ve noticed that people are actually getting more and more interested in our innovations, as they will want to reclaim their money in a fast and cheap way. IT / Telco: It’s stable. We’re still getting a lot of projects. But the longer isolation period can influence the investments. Still, no lay-offs at the moment. Retail: No lay-offs at the moment. But we’ll see how long that will last. Food industry: No lay-offs at the moment but we’re having some issues. We’re experiencing a significant decrease in sales and our suppliers are not very cooperative. We’re fighting, though, and we know we’re going to get through it all. We are also trying to see the good side – the crisis exposes all the problems, so we’ll know what to work on in the future.
  9. 9. Visegrad Group Baltics Number of published job ads on LinkedIn by region
  10. 10. Northern Europe Southern Europe
  11. 11. Iberia SEE
  12. 12. Observations & best practices pay out bonuses irrespectively of whether the targets were achieved provide with free psychological support / access to therapists care packages with face masks and disinfectants courses / onboarding moved online Here are some solutions that corporations have implemented to aliviate / deal with COVID-19 consequences: Recruitment and Executive Search companies: On the one hand, some recruitment and Executive Search agencies informed us about their increased workload. On the other hand, we'll quote the CEO of a recruitment firm, "Only about 2-3 clients with urgent needs allow us to finish the recruitment processes. The rest was put on hold. As to candidates: if they are employed they refuse to participate in processes; if they aren't, they shower us with their CVs."
  13. 13. Western Europe
  14. 14. DACH BENELUX
  15. 15. Number of "job search" taglines on LinkedIn Note: this is - again - only one of many sources of information; and also a simplified one. The increase in these types of taglines certainly stems partly from an increase in new member profiles on LinkedIn.
  16. 16. Keep engaging in recruitment processes. You don’t know if your job is indeed safe. It’s always better to be able to choose from a couple of options while you have a job rather than wake up with no job and have no options at all. If you have restructuring / change management / interim experience, prepare your project or business cases list. Prepare and practice interviewing online! Work on your branding: on paper (CV), online (LinkedIn) and orally (strategic interviewing). Charisma alone will not get you shortlisted against hundreds of candidates; especially now that companies will look for low-risk candidates who can demonstrate very specific skill sets and leadership competencies. Our recommendations for senior candidates
  17. 17. 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.
  18. 18. 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

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