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.
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.
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.
Banking: Our current strategy is to keep our business alive rather than developing it.
Energy: We are suspecting some lay-offs.
Telecom / Manufacturing: Fortunately, we haven’t experienced any significant downtime, so we haven’t really suffered because of COVID-19.
Public Relations & Communications: A big broadcast media chain has decided to centralize the management and get rid of local GMs. Only operational decisions will be taken locally.
Computer Software: Our business is growing thanks to COVID-19. We have returned to the office but some of us are thinking about going back to HO in 50%.
Media Production: Many businesses from our capital group had to face severe consequences of the pandemic, especially from the cinema and advertising industry. When it comes to us, we decided quickly to move to remote work. It has partly remained like that to this day – we are currently combining working from the office and from home. Some of the teams have already decided to permanently implement a more flexible work mode.
Cosmetics Producer: Thanks to COVID-19, I learned that I can work from home and still be efficient. What works best in my opinion is a 50/50 solution: maintaining the relationships by working from the office and realizing projects from home.
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 Report Week 38
1. Market Signals
by Career Angels
Full Report - Week 38
Winners of the week
Losers of the week
DACH
France
BENELUX
Romania
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/
And for daily updates here
http://www.LinkedIn.com/Showcase/Market-Signals/
Prepared by the entire team of www.CareerAngels.eu
Published: September 19, 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, 8 countries published more job ads on LinkedIn than in Week
13: Lithuania, Estonia, Slovenia, Germany, Ukraine, France, Poland, and Latvia.
Index36: 50% of the countries published more job ads in Week 38 than in Week
15, which is a 3% decrease compared to last week. Since last week, 67% of the
countries saw an increase in the number of published job ads.
Overview of the indices
The European Union: In
Week 38, the European
Union noted a +22.11%
increase (860,512 more job
ads) compared to the initial
Week 17. Since last week, the
numbers increased by
+8.75%.
5. Number of published job ads on LinkedIn
Weeks 13 to 38
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
Banking: Our current strategy is to keep our business alive rather than developing it.
Energy: We are suspecting some lay-offs.
Telecom / Manufacturing: Fortunately, we haven’t experienced any significant
downtime, so we haven’t really suffered because of COVID-19.
Public Relations & Communications: A big broadcast media chain has decided to
centralize the management and get rid of local GMs. Only operational decisions will
be taken locally.
Computer Software: Our business is growing thanks to COVID-19. We have returned to
the office but some of us are thinking about going back to HO in 50%.
7. Number of published job ads on LinkedIn
Week 15 vs 38 - extended to 36 countries
8. Number of published job ads on LinkedIn
Week 15 vs 38 - extended to 36 countries - part 2
10. Selected quotes from CEOs & HR Directors
Media Production: Many businesses from our capital group had to face severe
consequences of the pandemic, especially from the cinema and advertising
industry. When it comes to us, we decided quickly to move to remote work. It
has partly remained like that to this day – we are currently combining working
from the office and from home. Some of the teams have already decided to
permanently implement a more flexible work mode.
Cosmetics Producer: Thanks to COVID-19, I learned that I can work from home
and still be efficient. What works best in my opinion is a 50/50 solution:
maintaining the relationships by working from the office and realizing projects
from home.
12. This week, the best result was noted in
France. The country experienced a +15.23%
increase in the number of published job ads
on LinkedIn compared to last week.
W E E K 3 7 V S 3 8
F R A N C E
14. After noting the worst result last week, DACH is
a winning region of Week 38. 205,828 more
job ads were published on LinkedIn since last
week, which is a +10.15% increase.
W E E K 3 7 V S 3 8
D A C H :
G E R M A N Y , A U S T R I A , S W I T Z E R L A N D
16. BENELUX noted the biggest decrease of
Week 38. Since the initial Week 15, 142,878
job ads were taken off LinkedIn (a
decrease of -19.86%).
W E E K 1 5 V S 3 8
B E N E L U X :
B E L G I U M , L U X E M B O U R G , N E T H E R L A N D S
18. In Week 38, the worst result was noted in
Romania. 6,735 job ads disappeared from
LinkedIn, which is a -40.78% decrease
compared to the initial Week 15.
W E E K 1 5 V S 3 8
R O M A N I A
21. 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
22. 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.
23. 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