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 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.
Retail: There’s a lot of movement in our segment at the moment. Even though a big part of our consumers switched to online shopping, the stationary sales points are still working properly.
Production: The consumer goods industry has had good results and thanks to that we exceeded our goals for this year. The only problem is that we are unable to hire the people we need – it seems like there’s not many on the market.
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 43
Winners of the week
Southern Europe
France
Losers of the week
Visegrad
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: October 24, 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, 6 countries published more job ads on LinkedIn than in
Week 13: Lithuania, Estonia, Latvia, Ukraine, Germany, France.
Index36: 58% of the countries published more job ads in Week 43 than in Week 15,
which is a 2% increase compared to last week. 81% of the countries published more
job ads this week than last week - an increase of 21% compared to Week 42.
Overview of the indices
The European Union:
In Week 43, the European
Union noted a +33.21%
increase: 1,292,185 more job
ads were published than in
the initial Week 17. Since last
week, it's a +5.53% increase.
5. Number of published job ads on LinkedIn
Weeks 13 to 43
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
Retail: There’s a lot of movement in our segment at the moment.
Even though a big part of our consumers switched to online
shopping, the stationary sales points are still working properly.
Production: The consumer goods industry has had good results
and thanks to that we exceeded our goals for this year. The only
problem is that we are unable to hire the people we need – it
seems like there’s not many on the market.
7. Number of published job ads on LinkedIn
Week 15 vs 43 - extended to 36 countries
8. Number of published job ads on LinkedIn
Week 15 vs 43 - extended to 36 countries - part 2
11. When it comes to regions, the winning result of
Week 43 was noted in the Southern Europe:
an increase of +2.93% was noted since last
week (12,628 job ads more). Country-wise,
France placed first with a +16.86% increase
and 211,023 new job ads.
W E E K 4 2 V S 4 3
14. In Week 43, the worst result out of all the
regions was noted in Visegrad: a -19.14%
decrease and 49,583 job ads less than in
Week 15. Worst country result:
Luxembourg with a -44.39% decrease
and 5,312 job ads less.
W E E K 1 5 V S 4 3
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