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.
Chemical: We are still working from home and our workload has increased because of the current situation.
Telco / IT: We probably won’t make it – we lost many clients and that put us in a very difficult situation.
Manufacturing: COVID-19 caused a noticeable crisis, the company's poor financial performance in 2020 has reduced headcount to 20% of the levels from the beginning of the year.
Chemical: We produce sanitizing products so we are very busy.
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 49
Winners of the week
Northern Europe
Serbia
Losers of the week
Visegrad
Czechia
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 5, 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: 53% of the countries published more job ads in Week 49 than in Week 15,
which is a 3% increase since last week. Moreover, 68% of the countries published
more job ads this week than last week – an increase of of 18% compared to Week 48.
Overview of the indices
The European Union:
In Week 49, the European
Union noted a +5.05%
increase: 196,620 more job
ads were published than in
the initial Week 17. Since last
week, it's a +4.48% increase.
5. Number of published job ads on LinkedIn
Weeks 13 to 49
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
Chemical: We are still working from home and our workload has increased
because of the current situation.
Telco / IT: We probably won’t make it – we lost many clients and that put us
in a very difficult situation.
Manufacturing: COVID-19 caused a noticeable crisis, the company's poor
financial performance in 2020 has reduced headcount to 20% of the levels from
the beginning of the year.
Chemical: We produce sanitizing products so we are very busy.
7. Number of published job ads on LinkedIn
Week 15 vs 49 - extended to 36 countries
8. Number of published job ads on LinkedIn
Week 15 vs 49 - extended to 36 countries - part 2
11. When it comes to regions, the winning
result of Week 49 belongs to Northern
Europe: we observed an increase of
7.22% since last Week 48 (8,128 job ads
more). Country-wise, Serbia is the winner
with an increase of +28.21%.
W E E K 4 8 V S 4 9
14. In Week 49, the worst result out of all the
regions was noted in Visegrad: a -23.36%
decrease and 60,506 job ads less than in
the initial Week 13. Worst country result:
Czechia with a 45.27% decrease and
-24,979 job ads.
W E E K 1 3 V S 4 9
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