Recovery Outlook in Lithuanian Job Market, June 2020

by | Jun 3, 2020 | Work in Lithuania | 0 comments

Recovery Outlook in Lithuanian Job Market, June 2020

This article is based on data from MeetFrank Job Market Insights. For additional and per-track reports, visit this page.

June is off to a musical start in Lithuania. On Monday, Lithuania celebrated its emergence from the coronavirus pandemic with a series of live musical performances across the country. 🎻

Musicians perform to thank for quick coronavirus disease

Musicians perform to thank for quick coronavirus disease containment – Image source

Although Lithuania’s government has extended the coronavirus lockdown until June 16, most restrictions have been removed by now. Indoor events can have up to 100 attendees and some travelers can enter the country without quarantine. 🧳

Our job market reports from the last few months have shown healthy activity and stomach-turning turbulence in the Lithuanian labor market. Now, it’s time to take a step back and review the recovery outlook in Lithuanian job market. Here are some of the key takeaways on the recovery outlook in Lithuanian job market:

  • The number of active job openings is about 22% lower than a month ago.📉
  • Salaries remain on similar levels as before. ⚖️
  • Job seekers in software engineering, IT & sysadmin and finance enjoy a relatively low level of competition. 🏅

Sounds interesting? Read on for the whole report. 😎

Job market overview: May vs June

One of the key indicators of the job market is the number of active job openings. 

We see that in June, this number is lower than in May. In fact, the number of active job openings is down by about 22% in the Lithuanian job market. 📉

active job openings Lithuania

At the same time, the number of active job seekers is up by around 4% as compared to a month ago. 

Despite these changes, the job market competitiveness has remained more or less on the same level in the last few months. 🔭

job market competitiveness lithuania

Salaries in TOP 6 specialties

Next, let’s review the most recent data on salaries in the top specialties in Lithuania. 

In general, we see that the average offered and expected salaries remained in the same ballpark in the past month. ⚖️

However, this was not the case in all specialties. The offered gross salaries in sales & business development have decreased by about 400EUR on average. 

At the same time, gross salaries in finance and (tech) project management have gone up a bit. 📈

gross salaries Lithuania

In the job market as a whole, salary expectations have slightly increased. When we take a closer look, we see that the average expected salary is up in all specialties except for software engineering and (tech) project management. 💰

expected salaries Lithuania

Competition in TOP 6 specialties

Earlier, we saw that the number of active job offers has decreased, while the number of active job seekers is slightly up. Let’s see what impact this has had on job market competitiveness by top specialties. 🕵️‍♀️

1 point means that it’s really difficult to find a job while 5 points hint that there are many job offers available.

job market competition Lithuania

In general, we see that job seekers in IT & sysadmin, software engineering and finance enjoy a relatively low level of competition. 

Recently, it has gotten even easier than before to find a job in IT & sysadmin and finance. At the same time, it’s become a little more difficult to find a job in software engineering in Lithuania. 👩‍💻

Marketing & PR & media, (tech) project management and sales & business development are fields with toughest competition for finding a job in Lithuania. In all of these specialties, the competitiveness has remained more or less on the same level in May, as compared to April. 

TOP 10 Companies with the most applications in May 2020

Let’s take a look at which Lithuanian companies received the most applicants in May.

top companies Lithuania

Lithuania’s top list is dominated by all things tech. 🤓 In the first place, we see Teltonika, an internet of things powerhouse. They were also featured in our previous list of top companies with the most applications in Lithuania.

In second place is Smart Brands Laboratory, a company that helps private label brands scale across channels and geographies. In third place is KEVIN, a fintech company that provides developer-friendly payment infrastructure.💳

The rest of the list includes a good mix of companies that have managed to attract the attention of talent. There’s Coingate in the field of crypto, the software powerhouse Adroiti, and Pipelinepharma, an online pharmaceuticals B2B marketplace. 💊

Welcome to the MeetFrank family! 

In the past week, we welcomed quite a few new companies to MeetFrank. Here’s who started hiring with MeetFrank: iDenfy, Sloth software Solutions, POPPRI, Mark ID, Outokumpu, Koditus, Vertex and HOTrema. 🎊  

See their most recent job offers below: