This article is based on data from MeetFrank Job Market Insights. For additional and per-track reports, visit this page.
If the world was a huge classroom, Lithuania would be one of the countries in Europe that scored a good mark in the coronavirus exam, also coming up with some creative solutions. 🎆 At least we really truly hope so.
If you’re new to the Lithuanian job market, here’s a short tour. Lithuania has proved to be a durable market in the Baltics, succeeding to remain strong during the coronavirus pandemic compared to most countries. But every good story has a twist.😕
In our previous report, we shared that the Lithuanian job market had seen a decrease in the number of job openings after a long period of growth. But it still ranked better than Estonia and Finland in this category.
Before sharing this week’s stats, we’d love to remind all the employers that you’re always welcome tojoin the Meetfrank family. 🏢
If you’re a job-seeker, we have lots of opportunities for you too! Download the MeetFrank app today and be the first to hear about the latest openings. 🔔
Ready for this week’s stats on the Lithuanian job market? Let’s go! 🚀
Job Market Overview
A week ago, the number of active job openings decreased by 19.9% as compared to the previous week. Wondering what today’s news is?
Last week saw an approximately 12% decrease in the number of job openings in Lithuania. What is surprising is that the number of job applications has significantly decreased by 32%. 😲
This might be related to the decrease in the number of job openings. Another possibility might be that the job openings don’t fully match with the needs and goals of the job seekers. 🕵
When we have a look at the amount of talent in Lithuania, it seems to have slightly increased compared to last week. 📈
The market competitiveness remains ‘OK’ in the Lithuanian job market. So, who are the luckiest ones across various sectors? The software engineer candidates!
If you’re looking for an engineering role nowadays, chances are it’ll be fairly easy for you to find one in Lithuania. ✅
What motivates all the great talent in Lithuania?
Looking at the answers above, we can add ‘growth opportunity’ to the chorus of the song ‘Money, Money, Money’. 💶 Growth opportunities and new challenges are in the top 3, just like in Finland and Estonia.
Weekly special chart: TOP 15 Companies with the most applications in 2020
This week, we’ll put the Top 15 companies with the most applications in 2020 under the spotlight. 🕵
Let’s see who the winners of job-seekers’ hearts in the Lithuanian job market have been since the beginning of 2020.
So, finance/fin-tech, pharmacy, business services, and consultancy, and tech-related industries have attracted the most talent in Lithuania. 👏
When we look further down the list, we see different companies in a wide array of industries: tech-based Adroiti, business-focused UAB Icona, AdFingers, an advertising agency, and Amston, a recruiter, to name a few.
Weekly highlight: Marketing & PR & Media
This week, we will focus on Marketing & PR & Media in Lithuania. 😎 Let’s see what the trends have been in the last 8 weeks.
As the number of job openings have been facing moderate ups and downs in the last 8 weeks, the past week saw a sharp fall by 50%. This is what we meant by saying “every good story has a twist” at the beginning of our report. 🤐
The number of job applications have been like a rollercoaster in the past 8 weeks. In parallel to the recent decrease in job openings, job applications also fell by 30% last week. 🎢
So, what is the situation in the second week of May?
Of the 3,382 members of the talent pool in Lithuania, 14.2% of them are actively looking for a job.
This relatively high ratio makes finding a job in Lithuania somewhat challenging after a 8-month period of fluctuation.
Let’s move on to the salaries. How are the numbers mentioned above reflected in the offered and expected salaries in the Lithuanian Marketing & Media & PR sector?
While the offered salaries were lower than the expected salariesat the beginning of November 2019, their roles switched in December.
From the beginning of April, the candidates seem to have lowered their expectations even further. Last week saw a slight increase in expected salaries and a decrease by 11% in offered salaries.
You may need to reconsider your salary expectations, Marketing & PR & Media candidates! And get your resumes ready for the job offerings below: 📝
Just like in Estonia and Finland, the top 3 perks that the companies hiring in Lithuania offer are team events, free coffee, and flexible hours.
In the future, flexibility and remote working possibilities are likely to gain more importance worldwide due to the COVID-19 pandemic. But one thing will never change—the importance of coffee, regardless of the country. ☕️
🏆The most popular job opening in Marketing & PR & Media has been the ‘Marketing Project Manager’ role at Smart Brands Laboratory LLC!
Welcome to the MeetFrank family!
🔊This week, we welcomed UAB “Personalo valdymo inovacijos”to the MeetFrank family. Have a look at the latest job opening from our new member:
What comes to mind first when we think of Lithuania is the exciting startup ecosystem, the strong business environment, and the increasing success of Lithuanian fintech companies lately.
After reading this weekly report, you’ll have a better understanding of the Lithuanian job market and the recent trends. If you’re hungry for more information, you can have a look at our recent reports on Estonia and Finland.
Here is a friendly reminder to all employers: in these uncertain times, you are more than welcome to our family and benefit from our free trial throughout the crisis. Join us here!
And you, our job-seeker friend; lots of new job offers are waiting for you in the MeetFrank app. Browse the ones in your field and make today your lucky day.
🔎Last but definitely not least, let’s dig into the Lithuanian job market.
Job Market Overview
Just like Finland, Lithuania has proved to be one of the most durable markets in these times of crisis, which you can also see in last week’s job market report.
📈In the past week, there has been a 3% increase in the number of job openings along with a 5% increase in the number of active job seekers.
The chart for the historical salaries in Lithuania reveals an outstanding fact—before the crisis, there wasn’t a significant gap between the expected and offered salaries. However, the COVID-19 created a visible disparity since February, which seems to have increased with the significant decrease in the expected salaries in the past week.
Despite the increasing number of job openings and the decrease in expected salaries, finding a job in Lithuania isn’t the easiest thing in the world nowadays.
Let’s keep our fingers crossed for the upcoming month! Keep in mind that the Lithuanian labour market has been one of the most outstanding markets in the region lately. 🤞
Weekly special chart: Average salary per industry
This week’s special chart is dedicated to the average salary by sector in Lithuania. Let’s stalk the numbers 8 months back from today and see what they tell us. 🕵
In the Lithuanian job market, all the industries finished April with higher numbers than in September 2019, except for in data analytics. But no worries, data people! The future is yours anyway. 😉
While all the industries saw ups and downs during this 8-month period, software engineering remained one of the steadiest tracks with a gargantuan increase in average salary offered of approximately 20% by the end of April. Designers and sales & marketing people followed software engineers in seeing considerable increases in offered salaries over the period.
What this means is that companies are still looking for top talent and willing to offer them competitive salaries. However, the number of job offers in the market has dropped, driving up the competition among job-seekers.
So, let’s have a look at the secret behind the average salary increase of sales professionals in Lithuania.
Weekly highlight: Sales and business development
Every week, we take one hiring track and discuss it from different aspects. Our goal is to analyse the current situation in terms of the number of active job openings and job seekers, along with the average salary offers. This week’s focus is sales & business development jobs.
Lithuania continues proving to be a strong market despite the worldwide turbulence. Need a proof? Here you go—the number of job openings in the sales & business development industry has increased by 22% in the past week.🎆
✅If you’re looking for a job in the sales and business development sector, Lithuania may be the place for you! There’s a visible difference between the average expected and offered salaries which is, in this case, favourable for job seekers.
So, dear job seekers, rethink your salary range, maybe consider increasing it a bit, and have a look at the current job offerings below:
Having an active business environment comes with some downsides. Due to the relatively high number of active job seekers and the big pool of job openings, market competitiveness is relatively high in the sales and business development sectors in Lithuania.
But the good news is it’s still at the ‘OK-easy’ level to find a job and there’s been a recent improvement in the past week. So, it might reach the 3rd or even the lovely 4th level in the chart. Who knows…
While the most in demand skills for the sales and business development jobs are English and sales management, the job market does not seem to prioritise Lithuanian for the openings. This sounds like a subtle call for global talent to us. What do you think?
🏆The favorite job offering in the sales and development industry in the past 30 days was the ‘SaaS B2B Sales Agent’ role at UAB Icona.
🏆 New week, new companies! Recently, we welcomed Brolis Sensor Technology, UAB Mano Planas, IT Skill House, Apollo Group, MyPoint.tv, and NP5 UAB to our family. To discover their latest job offers, download the MeetFrank app and apply today:
Lithuania recently celebrated its first unicorn, as the second-hand fashion market place Vinted reached the magical 1 billion valuation marklast November. This was not a fluke by any means, however, rather an event that was long overdue, as the country has become the hotbed of fintech, with global players opening their local hubs and new exciting startups popping up everywhere in the capital city Vilnius.
Looking at the job market statistics in MeetFrank and researching the local job market, here are some of the highlights we discovered:
Lithuania is experiencing an explosion of startups, as the number of companies rose by 58% last year
Tech jobs in Lithuania are among the lowest in terms of competition in Europe
As Lithuania recently announced its own E-residency programme, following in the footsteps of Estonia and just launched the Startup Employee Visa to attract highly qualified foreign talent, it would be an understatement that things are happening in the small Baltic country.
The capital city is home to the futuristic hub, co-working space and community center called Blockchain Center Vilnius (HL: https://bcgateway.eu/) and to the largest fintech conference in the Baltics FinTech Inn. In addition, Rise Vilnius, recently taken over from Barclay by Swedbank, and rebranded as Rockit has been vital in nurturing startups and fostering tech innovations in the country.
All of this has been attracting international and regional talent to Vilnius that just made the biggest leap in the world talent ranking, moving 8 positions upwards, placing 28th among 63 countries – the highest among the three Baltic countries.
Currently, the Vilnius area is home to over 21 000 ICT sector and 6000 research & development employees, while the city is one of the youngest European capitals with more than 50% of residents younger than 40 years old.
Whom are employers looking for?
Similarly to the rest of the European job market, software engineers are among the most sought-after workers at the moment, with nearly half of all the job offers. However, only 20% of the applications are made for these jobs, marking a very low level of competition.
It is completely the opposite for sales and business development and marketing & PR, the second and third in terms of the number of job offers, as both have the % of applications per job offer that is considerably higher, thus meaning a higher level of competition.
Top 6 jobs in terms of competition
The competition for top tech jobs in Lithuania is way below the European average as the ratio of applications per offers is usually twice as little. Sales & business development and (tech) project management are the most competitive with slightly over 20 candidates per job.
As with the rest of Europe, marketing & PR is also among the more competitive jobs, but the rate of competitiveness is still quite low – 15 applications in Lithuania vs 35 as the European average.
Design – the most competitive job in Europe (41 applications per offer on average) – is almost five times less competitive in Lithuania with 8.7 applications per offer, although the pay gap with the European average (€1700 gross in Lithuania vs €2346 gross in EU on average) is also large.
Software engineering, the job that is most in-demand and the most well-paid in Lithuania (as in the rest of Europe), is also the least competitive in Lithuania, with IT & system administration following close.
Salary offers for 6 most popular jobs
The average salaries in the Lithuanian tech sector are currently around 40% lower than in the EU on average, but so are the living expenses in Vilnius. Among the 6 most popular jobs, software engineering tops the list as in the rest of Europe, with an average payment offer of €2727 gross.
Jobs for sales & business development, IT & sysadmin and (tech) project management offer around €2400 gross with IT & sysadmin having the lowest pay gap with the rest of Europe – €2365 vs €2747 gross.
Creative fields – designers and marketing – are currently lowest-paid jobs here with an average salary offer around €1700 gross, but the gaps with the European average are not bigger than with tech jobs.
% of jobs supporting relocation vs job seekers interested in relocating
When it comes to relocation, the readiness of Lithuanian companies to offer relocation is almost twice as low as the EU average. For the offers of top 6 jobs, 25% offer relocation, whereas the same figure for EU average is 43. This is understandable, as the opportunities for the companies are more limited, however, all signs show that Lithuanian companies are in a growing need for tech talent from abroad, so recruiters should try to find the means to offer this option more.
It comes as no surprise that the most sought-after roles, such as software engineering and sales & business development, are the ones who offer relocation the most.
On the workers’ side, however, Lithuanians are slightly more eager to relocate as the % of users interested in relocation is 14% vs the 12% that is the EU average. Curiously enough, the differences between fields are almost non-existent, as all fall between 12% and 15%.
Top 6 countries with applications to relocate to work in Lithuania
Whether it’s the weather or its blossoming tech scene, Lithuania is currently the most popular for northern countries as Estonia, Finland and Latvia are the top three countries with applications for Lithuanian tech jobs.
Curiously enough, India ranks 5th among the countries with interest, almost tied with that of Latvia and Germany – the holder or of the 4th place.
Top skills required in tech-related roles
Currently, 15 of the 20 most sought-after skills at MeetFrank are those of software engineering, with full-stack, backend and frontend development making up the top 3. The most in-demand coding languages are currently JavaScript, HTML & CSS, React and SQL.
For sales & business development, Lithuanian companies have named English, sales management, business management, cold contacting and sales representation as the skills that they are expecting from the candidates the most, while Lithuanian language is also expected on some occasions.
Marketing & PR experts need to have good skills in content and product marketing and market strategizing.
System administration, DevOps and computer user support were the top 3 skills required from IT & sysadmin candidates.
The hottest employers in Lithuania
Based on MeetFrank data, the hottest job providers in Lithuania are the UK’s first digital banking unicorn Revolut and the first local unicorn Vinted – a digital marketplace for second-hand clothing.
Telia, one of Scandinavia’s biggest telcos that also operates in the Baltics, is on the third spot, with Treatwell, an online spa & salon booking platform and the ride-hailing giant Uber following closeby.
Other local companies at the top are the conglomerate Modus Group, active in the construction of renewable energy and the car-sharing sector (Citybee), e-commerce assistant Oberlo, the state-run airport operator Lithuanian Airports, translation agency MB Galerita and the digital product development agency Telesoftas.
Also hiring with MeetFrank is the Lithuanian tech startup Deeper, designing cutting-edge smart devices and software for various outdoor activities.
Wrapping it up
Lithuania and its capital Vilnius are an exciting option for jobs or business activities to keep an eye on, as the country is hungry for international tech talent and has established itself firmly as a regional hub for fintech enterprise.
Although the average salary offers in Lithuania are still behind the European average as with the rest of Baltic countries, the low cost of living and the vibrant, startup-friendly atmosphere in the capital city Vilnius more than make up for it.
Looking for more? Here are the tech sector job market overviews for Europe andEstonia.
When we have a look at the amount of talent in Lithuania, it seems to have slightly increased compared to last week. 📈
Since January 2020, Intrum Global Business Services, Pipelinepharma, KEVIN, Interactive Brokers, and Smart Brands Laboratory LLC have been leading the top 5.
The number of job applications have been like a rollercoaster in the past 8 weeks. In parallel to the recent decrease in job openings, job applications also fell by 30% last week. 🎢
