Why is it important to be up to date with the supply and demand situation on the job market? By looking at how the number of job ads on LinkedIn, the number of candidates per job ad or unemployment levels change, we can draw conclusions about tendencies that are ruling the job market. Being able to navigate them is crucial when it comes to effective job search, employer branding or recruitment.
Useful data from the Job Market
- From the HR / employer perspective: more demand for candidates means that salaries and/or benefit packages have to go up if you want to attract the best talent. The “post and pray” approach might not work. On the other hand, more candidates (higher supply) means more choice and more negotiation flexibility.
- From the candidate perspective: more demand for candidates means “less effort” put into the job search (less time, more space to negotiate salary). More competitive market (less demand) on the other hand means that job seekers need to make sure they use all available job search channels.
Summary of 2021
In 2021 we have:
- gathered 4240 data points
- published 36 regular reports, 212 daily updates & 8 special reports
- streamed 9 live sessions with 1044 people that watched overall
- published 81 monthly videos (317 minutes overall)
- tracked 80 countries around the world for 53 weeks!
Our Special Reports, that we published in 2021, provide a closer look at what we observe:
- a summary of the job market in 2021 across DACH, Visegrad, Italy & Belgium (our most recent report)
- an analysis of LinkedIn job ads vs unemployment rates in Europe
- an overview of the job markets in the Americas, Africa and the TOP 20 global economies
All special reports are available here: https://careerangels.eu/market-signals/
How it started in March 2020
With the beginning of the COVID-19 pandemic, Career Angels wanted to understand how it actually affected the job market. We started to record the number of job ads published on LinkedIn. What started as a modest table of numbers from 18 European countries is now a database containing important market information from 80 countries globally. With time, we started to track other KPIs such as unemployment levels in Europe, the number of candidates per job ad in Europe (in English for executives & experienced managers) and the most popular ATS. This allows us to have a deeper, tangible understanding of the job market. The KPIs show the supply/demand dynamics and interpreting them is key in advising our clients correctly in HR, career management & job search.
Do you have your own observations about the job market? Would you like to contribute to our project? Email your market signals to Sandra (everything will be kept confidentially) at Bichl.Sandra@CareerAngels.eu.