Market Signals - where do they come from?
We started by monitoring the number of LinkedIn job ads in 18 European countries in Week 13 of 2020 (mid-March) – and extended our observations to ultimately 38 countries in Europe since Week 15. This allows us to measure a KPI that gives quite a good feel of the overall trend on the global job market.
Career Angels analyze the collected figures and complement the quantitative data with detailed and personal statements & insights of CEOs, HR Directors, investors, board members, candidates and headhunters that we know personally. We observe if and what kind of trends there are to leverage them into better candidate management & more effective job search methods.
These are not usual times, so we decided to share our 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.
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Market Signals Report Week 28
1. Market Signals
by Career Angels
Full Report - Week 28
Winners of the week
Iberia
Spain
Losers of the week
Baltics
Italy
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: July 17, 2021
3. We started by monitoring the number of LinkedIn job ads in 18 European
countries in Week 13 of 2020 (mid-March) – and extended our observations to
ultimately 38 countries in Europe since Week 15. This allows us to measure a KPI
that gives quite a good feel of the overall trend on the global job market.
We analyze the collected figures and complement the quantitative data with
detailed and personal statements & insights of CEOs, HR Directors, investors,
board members, candidates and headhunters that we know personally. We
observe if and what kind of trends there are to leverage them into better
candidate management & more effective job search methods.
Source of signals
4. Index18: This week, 14 countries published more job ads on LinkedIn than in
Week 13 of 2020: Latvia, Lithuania, Estonia, Bulgaria, Hungary, Ukraine, Romania,
Denmark, Austria, Belgium. Italy, Czechia, Croatia, and Poland.
The European Union: In Week 28, the European Union noted a +18.09% increase:
704,083 more job ads were published than in the initial Week 17.
Overview of the indices
5. Number of published job ads on LinkedIn
Week 13 (2020) to Week 28 (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 28 (2021) - extended to 36 countries
7. Number of published job ads on LinkedIn
Week 15 (2020) vs Week 28 (2021) - extended to 36 countries (part 2)
9. If you think our know-how and tips are of
value, you can thank us by following our
content or buying us a virtual coffee!
How to thank us:
www.CareerAngels.eu/how-to-thank-us/
15. Collected quotes from Executives
IT: We didn’t realize all of the plans that were made before
the pandemic, but 2020 actually brought record results for us.
Real Estate: Covid impacted our industry in waves, but it
wasn’t very serious. Some salaries were reduced and
bonuses weren’t paid out in full.
IT: CV-19 had a very positive impact on the IT industry; sales
keep rising. The pandemic was like fuel for the industry.
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:
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.
You can access the following services completely confidentially and
free of charge:
- CV Report
- Career Consultation
20. If you want to support your
(future) former employees:
For further information visit: www.ManagerialPlacement.eu
Request an offer for outplacement services by email:
- in Polish: Anna.Zadrozna@CareerAngels.eu
- in English / German: Sandra.Bichl@CareerAngels.eu
21. If you think our know-how and tips are of
value, you can thank us by following our
content or buying us a virtual coffee!
How to thank us:
www.CareerAngels.eu/how-to-thank-us/