The second wave of the coronavirus pandemic is here – what’s the latest situation in Lithuania? How has the job market been responding to COVID-19 since May? 🤔
In this report, we will compare today’s stats with May’s and see how the first and second waves have been affecting the Lithuanian job market. 🕵️♀️
Let’s evaluate the current situation in terms of market competitiveness, offered salaries and the number of job openings and see how the first and second waves of the pandemic have been shaping the Lithuanian job market.
Ready? We are ready to learn more too! 🚀
Job Market Overview
In our previous report in mid-October, we saw that the number of job openings increased by 19%.
This month, there was also an increase – by 23%- in the number of job openings in Lithuania. It seems more employers have sped up their recruitment processes in mid-November. 📈
On the other hand, the number of job applications in the Lithuanian job market has declined over the past 4 weeks. 📉
This gives a clearer picture of the job market – there are either more opportunities than needed or the expectations of job seekers do not match with those of employers.
🕵️♀️ Next in line are offered and expected gross salaries. Similar to Estonia, both saw a decline this month.
The gap between the salaries persists.
Last month, it was at the “OK level” to find a job in the Lithuanian job market. By mid-November, finding a job is much easier—almost at the “easy level”! 🙏
If your future career plans include Lithuania, your chances of finding your dream job are higher nowadays!
Job openings in Top 6 Specialties: November vs May
In this section, we will compare the number of job openings as of today with May’s.
Let’s go where the stats take us:
✅ All the industries saw a decline in November when compared to May in terms of the number of job openings.
✅ Sales and Business Development and Software Engineering saw a much sharper fall than the other industries.
✅ Customer Support and Data & Analytics already had a low number of openings in May. As of mid-November, these numbers are even lower.
📉 When it comes to the number of job openings, Lithuania is facing a similar situation to Estonia – all industries have seena harsh decline. Let’s see what December will bring and how the Lithuanian job market will end the year.
Offered Salaries: November vs May
We all know how 2020 changed everything from how we live and work to the state of the global economy. In this section, we will compare the gross offered salaries in November and May to underline the results of the first and second waves of the coronavirus pandemic. 😷
Let’s discuss the 3 main takeaways from the chart below:
➡️ There is some good news from the Lithuanian job market. All the industries saw an increase in gross offered salaries except for Customer Support.
It is at the “OK level” to find a job in this industry. It is possible that the salaries have been lower due to high demand as well as a high number of job opportunities.
➡️ Data & Analytics saw the highest increase in offered salaries.
➡️ Marketing & PR & Design saw the lowest increase.
Market Competitiveness Per Specialty
Next in line is market competitiveness per specialty. In this section, we will compare the situation in Lithuania in mid-November vs May and see how the country is doing as 2020 is almost (finally!) over.
The chart above is telling us that:
💡 The industries where it is easier to find a job are Marketing, PR & Design, IT & Sysadmin and Customer Support.
We are happy for these industries, particularly for Customer Support, as professionals working in this industry have not been receiving much positive news lately. 😊
💡 Although it is still easy for software engineers to find a job in Lithuania, our data shows that the market was more in their favour 6 months ago.
💡 The industry that saw the most dramatic fall is Sales and Business Development. In May it was easier to find a job in this specialty, while nowadays job seekers may find it much more challenging.
Welcome to the MeetFrank family!
🤩 We are happy that the MeetFrank family is growing every day! Say hi to our new members: PrestaPro, Aeroclass.org, AB „Kauno energija“ and DeepFin.
Imagine a beautiful country on the eastern shore of the Baltic Sea. It also has a rich history, amazing culture, and a medieval heritage that is still palatable to this day. Add a vibrant startup ecosystem to this image, and you have Lithuania! 🤩
If you are familiar with startups and startup life, chances are you know quite well how ease of doing business is crucial for entrepreneurs when starting a company. Therefore, we would like to start our introduction by sharing an outstanding fact about Lithuania. 🤓
🔊 Did you know that Lithuania is in the top 15 for ease of doing business? The country ranks in 11th place! If you are interested in hearing more, you’re in luck— there is more to come! Let’s get started with 3 must-know stats about this amazing country:
👉 Lithuania is also in 4th place on the Global Fintech Index 2020, which means that the country is on the way to becoming one of Europe’s leading Fintech hubs.
Before diving into Lithuania’s thrilling startup ecosystem, let’s get started with the Lithuania-based companies on MeetFrank, from their types to the industries they operate in.
Lithuanian Companies on MeetFrank
🔊 As of today, there is a wide range of Lithuanian companies on the MeetFrank app.
Consultancy companies make up a major part of the company types along with SMB and corporate.
As we can see in the chart below, the majority of these companies operate in Software Development. The top 3 continues with FinTech and Design and Creative.
💡 If you are working in these fields, keep in mind that Lithuania has a lot to offer in terms of career opportunities.
What about the size of these companies? 11-50 people teams make up the majority in this list which is also a sign of, well, an increasing number of startups!
Now that you have an idea about what kind of Lithuanian companies are collaborating with MeetFrank, it is time to delve into the startup ecosystem in Lithuania and meet some of these thrilling startups.
If you are motivated enough (and we think you are!), let’s get to know some of the outstanding startups from Lithuania.
NOIA
Looking for career opportunities in Software? If so, add NOIA to your list of target companies. 📝
In their own words, NOIA creates “a fully-secure, high-speed, human-centric Internet where openness, decentralization, inclusiveness, and protection of privacy are of utmost importance.”
As a SaaS company, they bring together network visibility, control, and analytics in one software stack.
With a team of 15 professionals, the two-year-old company has offices in Palo Alto and Vilnius.
Sound like your kind of company? Download the MeetFrank app today to have a look at their latest openings! 📱
kevin.
As we mentioned earlier, Lithuania has become a great hub for fintech and finance in recent years. Now is the time to meet one of them – kevin. 💪
kevin. is simply a licensed payment institution, yet what they can achieve with their team of experts is not that simple. 😉
The company focuses on solutions based on the PSD2 directive with the aim to become a connection between banks, customers and fintechs. They are supervised by the Bank of Lithuania.
As a growing startup, innovation, expertise, ownership, and trust are their keywords. If this sounds like your mindset, have a look at their openings today!
Whatagraph
Once a promising startup, now a growing scaleup; Whatagraphis a marketing performance reporting platform that automatically converts and visualises data from channels – such as Google Analytics – into visual reports. 📉
👉 The five-year-old scaleup helps more than 500 clients around the world to create reports easier than ever.
Is your expertise in marketing? Are you actively looking for opportunities at an exciting marketing scaleup?
If yes, there is no reason not to have a look at their recent openings on the MeetFrank app! ✅
Smart Brands Laboratory LLC
Here comes another startup from Lithuania with a cool name. 😎
As an e-commerce company, Smart Brands Laboratory LLChelps clients with branding, multichannel sales, sourcing, and their digital marketing efforts.
The company has offices in Vilnius, Rotterdam, and San Francisco and they are growing day by day.
Sound appealing enough to update your resume? You know where you will see their latest openings. 🤓
Zyro
🕵️♀️ Here is another hidden gem from Lithuania.
More than a website builder, Zyro is an innovative tool that makes it easy for anyone to create a beautiful website – be that a bakery owner or an e-commerce founder.
➡️ The company has offices in Vilnius and Kaunas with an expert team of over 50 people. As a software company, Zyro does not only receive great feedback from clients but also from tech experts.
If you want to be part of this inspiring startup and build a career in Lithuania, don’t forget to take a look at the latest vacancies at Zyro! 👀
So, what to watch in Lithuania?
Lithuania has faced economic turmoil in 2020 just like all other countries on earth. 😷
On the other hand, the country’s market competitiveness has stayed in relatively better shape for job seekers compared to other countries in the region.
This shows the strength of the Lithuanian market and the rising opportunities despite the global economic crisis. So, what to do next to find a place in this promising startup scene?
💡 Lithuania’s tech sector is booming and the world is becoming aware of it. If you want to be part of it, act now!
💡 The country is offering a great business environment for fintechs. The growing number of startups and scaleups in this industry says it all!
Interested in Finance? Keep an eye on the Lithuania-based fintech startups and scaleups! 👀
💡 There are lots of companies in Lithuania with remote career opportunities as well as Lithuania-based options. Don’t forget to have a look at the ‘Remote’ and ‘Relocation’ sections on the MeetFrank app.
Last but not least, visit our Insights page and get fresh data every day! There you can get a closer look at the Lithuanian job market from market competitiveness to average offered salaries. 🤓
👉 There has been a decline in the number of openings.
👉 The first week of September saw the highest increase in the number of job applications.
👉 The market remained competitive for job seekers.
Ready to discover what’s new in October? If so, here you go! 🚀
Job Market Overview
As we shared above, the number of job openings and applications went in opposite directions last month. ⬅️➡️
💡 What about now?
This month saw an increase in the number of job openings by 13% while there has been a decrease in the number of job seekers.
👉Trends in the Estonian and Lithuanian job market share similarities with those in the global job market.
When it comes to market competitiveness, we see that it has not changed at all since September. The ease of finding a job is still at the “Challenging level”.
🎁 Bonus: We will discuss market competitiveness per specialty further in the upcoming sections.
What about the gross offered and expected salaries on the global scale? Has the gap diminished in October?
Our data says that job seekers have reshaped their goals, and the increase of approximately 12% in the expected salaries definitely justifies this. 💪
How have the gross offered salaries reacted to this? 💸
As for the offered salaries, there has been a slight increase of 2.2%. The gap seems to be smaller now, but another adjustment is still needed from the job seekers’ side. 😉
Offered Gross Salaries per Specialty
The global pandemic has led to seismic changes, from how we live and work to the status of the worldwide economy and recruitment. 😷
In this section, we will find out how the offered gross salaries have also changed per specialty since March.
🔊 Here is a recap of the chart above:
👉 When Software Engineering and Data & Analytics saw a slight decrease in offered gross salaries in the last 9 months, it was the opposite for the rest.
👉 Design is the specialtythat saw the highest decrease. We will see what November will bring for Design professionals on the global scale. 🙏
👉 February and March brought an increase in offered salaries except for the Sales & Business Development industry.
👉 The last 2 months brought a notable increase to offered gross salaries in the Design and Data & Analytics specialties. 🤑
Top 6 Specialties with the Most Applications
Before diving into this section, here are the top 6 specialties with the most openings in the global job market in September: 🔊
Software Engineering
Design
Sales & Business Development
Similar to Estonia, Lithuania, and Finland, Software Engineering made it to first place in the global market as well.
What about the top 6 specialties worldwide with the most applications in mid-October?
✅ The top 3 is the same as in Lithuania: Software Engineering, Sales & Business Development, and Marketing & PR & Media.
✅ Does this also partially remind you of something ? The ones who were highlighted in the previous list – the top 6 specialties with most openings in September – have shared the right answer. 🏆
✅ Design and Tech (Project Management) have a very close number of applications.
✅ Job seekers have favoured the Data & Analytics specialty the least since mid-September.
🤔 Despite this fact, market competitiveness is still challenging in Data & Analytics. So, we can conclude that the number of openings in this sector is quite low for this industry.
Market Competitiveness per Specialty
Now is the turn of market competitiveness per specialty in the last 4 weeks. We will have a closer look at how easy it is to find a role for job seekers. 👀
💡 Finding a job in Software Engineering, Marketing & PR & Media, and Data & Analytics has become a bit more difficult in the last 4 weeks. ⬇️
💡 Competitiveness for the Sales & Business Development and (Tech) Project Management industries has stayed at the same level which is sadly “difficult”. ➡️
💡 Let’s leave some room for the good news: Design experts will find it relatively easier to switch to a new job. ⬆ So, you better hurry, artistic job seekers! 🖌
Want to learn more? All the above is public information. For more information take a look at MeetFrank Insights! 🔊
Welcome to the MeetFrank family!
🤩 This month, we welcomed new members to the MeetFrank family: Sia Nordic Homes, Ubiquiti, UniteLabs AG, HASH, TWINO, and SIA “MyHR”!
Both the number of job openings and applications saw a decline from mid-September. Let’s see what the rest of October will bring.
What about market competitiveness in the Finnish job market?
Similar to Estonia, Finland saw a slight change in market competitiveness this month. Unfortunately, job seekers will find it a bit difficult to find a job in mid-October.
There may be several reasons for that. Firstly, the openings apparently can’t meet the demand in all specialties in the Finnish job market. Secondly, the CV rush in September may have resulted in higher competitiveness in general.
What are the offered and expected salaries saying about this? 💶
This month saw a decrease in the offered salaries. On the other hand, job seekers increased their expectations a bit. It seems companies are not finding it that difficult to find talent at the moment.
Offered Gross Salaries per Specialty
Are you wondering how the Coronavirus pandemic has impacted the offered salaries this year? A lot has changed, so have the gross salaries.
Let’s see the salary rollercoaster from February to October: 🎢
Here are the main findings:
👉 Data & Analytics and (Tech) Project Management are the only specialties that saw a decrease in the offered gross salaries in October, compared to those in February. 📉
👉 The Design industry saw the highest increase in the Finnish job market. Good luck in your job search, Design people! 🤩
👉 Offered salaries per specialty in Finland seem like a rollercoaster, and we can see different patterns in each industry. 🎢
For instance, when Marketing & PR & Media faced a sharp decrease in August and an increase in September, it is the other way around for Sales & Business Development.
Overall, companies in Finland have struggled to adjust to the new normal just like all businesses across the world, which we can see in the ups and downs of the chart above. ⬆️
Top 6 Specialties with the Most Applications
In our previous article, we shared the top 6 specialties with the most openings in the Finnish job market. Let’s rewind for a second and have a look at the top 3: 👏
Software Engineering
IT & Sysadmin
Sales & Business Development
Here come the top 6 specialties with the most applications lately. Let’s see if there is any similarity between last month’s data on the companies with the most openings. 👇
✅ The leader when it comes to the highest number of applications remained the same: Software Engineering.
✅ It is followed by Sales & Business Development that also ranked 3rd in the specialties with the most openings.
✅ Marketing & Design & PR is in 3rd place which makes it clear why it is a bit challenging for professionals in this field to find a job in the Finnish job market nowadays.
✅ What comes as a surprise is that Data & Analytics is in 5th place. During the global pandemic, this has been one of the most popular industries.
✅ Tech (Project) Management follows right behind Data & Analytics with only very slightly less applications..
Market Competitiveness per Specialty
The job market has been quite challenging in Finland lately.
😊We don’t want to cause despair— this is only a reminder before we dive into the market competitiveness per specialty in the last 4 weeks!
💡 All industries have become more challenging for job seekers to find a job in except for Marketing & PR & Media. But please note that it is still at the “difficult level”.
Dear active job seekers, if you don’t receive as many replies to your applications nowadays as you have hoped for, it is because of the high market competitiveness. 😵
💡 One of the industries that has seen ups and downs is Data & Analytics. This industry saw an improvement in the last week of September.
💡 It is relatively easy to find a job in the Software Engineering industry.
🥁 Ready to welcome our new members? Here you go: Online Technology Group Oy, Freska, Mediamaisteri Oy, Selma Finance OY, Norr design, Moiko, Etteplan MORE, and Taaleri Varainhoito Oy!
This article is based on data from MeetFrank Job Market Insights. For additional and per-specialty reports, visit this page.
Similar to the rest of Europe, Lithuania is also discussing new measures in response to the second wave of the Coronavirus pandemic. 😷Any plans to travel to Lithuania soon? Before packing, we recommend you have a look at the latest travel updates here. 🧳
We will see if this was just a short-lived trend among job seekers at the beginning of the last quarter of the year or if numbers are still on the rise. 📝
Let’s dive into the pool of stats and see what is happening in the Lithuanian job market. 🏊
Job Market Overview
Let’s recall September’s stats: while there was not much change in the number of job openings from mid-August to mid-September, the number of job applications was visibly on the rise. 💡
This month saw an increase in the number of job openings by 19%.
When we look at the job seekers, we can see that they spent most of their energy in September, as the number of applications have decreased this month.
Next in line is market competitiveness in the Lithuanian job market.
Let’s get this straight; if you are looking for a job opportunity in Lithuania, considering relocation or open to remote work, the chances are you are very close to your dreams at the moment.
Unlike Finland and Estonia, the ease of finding a job is at the“OK level” in Lithuania which corresponds to 3.1 out of 5. It is great to see the market flourishing here! 😊
In the following section, we will dive into the market competitiveness per specialty in the last 4 weeks in Lithuania. 👍
Here comes more good news for job seekers. October saw an increase of 4.1% when it comes to the gross offered salaries. Can we say that companies are ready to offer more to find the best talent? Sure we can! 🤸
As for the expected salaries, there has been a slight increase as well. As of mid-October job seekers and companies seem to be on the same page . 🤝
Offered Gross Salaries per Specialty
In the previous section, we shared data from our Insights page and discussed the recent changes.
Now, we will talk in more depth about how the offered gross salaries have changed per specialty since March. 💰
Looking at the chart, 4 major points catch the eye:
👉 All specialties saw an increase in offered gross salaries in October compared to those in February. 💰
👉 Customer Support saw the lowest increase.
👉 February and March saw the increasing trend in offered salaries in all specialties except for (Tech) Project Management.
👉 The second increasing trend can be seen from July to September in general. 📈
Top 6 Specialties with the Most Applications
Do you remember the top 6 specialties with the most openings in Lithuania from our previous market report? Want to refresh your memory? 🧠
Software Engineering
Marketing & PR & Media
Sales & Business Development
To compare this list with the most popular specialties of the month, have a look at the chart below:
✅ The top 3 specialties have been Software Engineering, Sales & Business Development, and Marketing & PR & Media. 🏆
✅ Unlike in Estonia and Finland, the winner is not in first place by much. The above mentioned industries have very close numbers. 🏃♀️🏃
✅ It seems the least number of applications are in the Design industry. This explains why it is much easier for job seekers (at a promising “OK level”) to find their dream role in this sector. 👀
Want to hear more about the market competitiveness? Just scroll down a bit and you are already there! ⬇
Market Competitiveness per Specialty
In this section, we will delve into the market competitiveness per specialty in the last 4 weeks in Lithuania. 🕵️♀️
This way, we can see how the September CV rush has affected the job market industry by industry.
💡 The ease of finding a job has deteriorated a bit for Software Engineering, Sales and Business Development, Marketing & PR & Media and Tech (Project) Management.
💡 The luckiest job seekers are working in Design and Customer Support.
💡 As of mid-October the industry most on the rise has been Design. Now it is almost at the “easy level” to find a job in this field in Lithuania.
After such a tough year especially for you all, this is well-deserved Design experts! 👏
💃 The MeetFrank family is growing every day and we are happy to announce our new members: EXLEASINGCAR, Fraicheur Paris, SKUBA, Teleklinika UAB, UAB JUGUM, ATEA, IWH, InVision, Interautomatika UAB, and MB Moto Inn!
