This article is based on data from MeetFrank Job Market Insights. For additional and per-track reports, visit this page.
Lithuania ended its lockdown on June 16, and now more and more countries are being added to the ‘welcome’ list after the Baltic Bubble agreement between Lithuania, Estonia, and Latvia. This agreement had started back in May. 🧳🌞
Before switching to July’s stats, let’s make a recap of May’s and June’s and see how the Lithuanian job market was doing at that time.
✅The average offered salaries were higher than the expected salaries in Lithuania.
✅ It turned out that Lithuania-based companies were up for remote offers especially in the month of May and June. The star industry for these was Software Engineering. 🤩
Let’s see what July has brought so far. Ready? 🚀
Job Market Overview: June vs July
The Lithuanian job market saw a small increase in the number of active job seekers by the first week of July, just like in Finland and Estonia.
Normally, there’d be less job applications in summer. But, as we all know, this is no ordinary summer. As the uncertainty still continues, job seekers seem to be looking for new opportunities.
Let’s delve into market competitiveness.
And now, we have some good news here!
Unlike Finland and Estonia, it has become easier to find a job in Lithuania lately. The slight increase has put the ease of finding a job at the sweet spot of “OK level”.
For software engineers and IT & Sysadmin experts, the situation is even better. 👍
Want to know more? No worries, we’ll share a more detailed analysis of the ease of finding a job in the top 6 industries later in this report. Almost there! 👀
Salaries in Top 6 Specialties
If money could talk, what would it say about the average gross salaries in the Lithuanian job market lately?
👉 Unlike in Finland and Estonia, the average gross salaries increased in all industries in Lithuania. When it comes to recovery, Lithuania is apparently doing well. 👏
👉 Software Engineering saw a slight decrease in the average gross salaries in June.
👉 Even though the salaries in Lithuania have been a bit lower than in Estonia and Finland, the increase rates are still higher compared to those in these two countries.
So, what are job seekers expecting from companies? And more importantly, have the expectations and offerings matched so far? 🥁
👉 The average expected salaries were significantly lower in Lithuania in most industries compared to those in Estonia and Finland.
👉 Sales and Business Development and (Tech) Project Management saw a decrease in the expected salaries.
👉 Apparently, marketing & PR & media professionals are the ones who have made the biggest revisions to their expectations with an increase of 265EUR in June.
Despite the increase in the average expected salaries, the offered salaries are still lower in all industries except for Sales and Business Development and Marketing & PR & Media for now.
Competition in Top 6 Specialties
Now, let’s have a look at the market competitiveness in the top 6 specialties in June in comparison with May. 🔎
It’s become more challenging to find a job in all industries in Lithuania except for IT & Sysadmin, which was already at the comfortable “almost very easy level”.
Sales & Business Development saw very little change while the Finance industry faced a sharp downturn. 📉
Despite the positive vibe in the air for Finance professionals looking for a job in Lithuania in the past, now it’s become drastically challenging. 😵
Software engineers may also find it a bit harder to find their dream roles nowadays. But who knows, maybe the end of July will bring much better news for all industries. 🙏
TOP 10 Companies with the Most Applications in June 2020
Which companies attracted the most applications in June and which industries are they operating in?
Let’s start with the top 3. In first place, we see Vertex, an innovative IT company specialising in IT projects like omnichannel support & marketing tools, e-commerce products, and more. 👏
It seems the top 3 choices for job seekers are revolving around the IT and Finance industries. 💰 🤓
What about the rest of the list? Looking at the fourth and fifth places, we see Amston, a consultancy and recruitment company, and UAB Icona that operates under BeDigital and is expanding businesses to new markets.
Recruitment, Digital Marketing, and SaaS make up the leading industries in the list. 💪
Welcome to the MeetFrank family!
🔊 This week, we welcomed new members to the MeetFrank family: Neolainas, Software Development Academy, and Inkodus. UAB!
Wondering if they’re hiring? Well, here are the most recent openings from these companies:
This article is based on data from MeetFrank Job Market Insights. For additional and per-track reports, visit this page.
On June 16, Lithuania saw its last day in lockdown. Now the country’s getting ready to open up again like most countries in Europe. 🎉
Despite its relatively low coronavirus rates, the Lithuanian job market has been hit by the pandemic, which we explored through the decreasing number of job openings in our latest blog article.
Wondering what has changed in the past 2 weeks? Want to learn more about job openings and market competitiveness? 🤓
🔊 Spoiler alert: Let’s dive into the world of stats from the Lithuanian job market. Now, it’s the rising star of remote job opportunities, which welcomes talent from around the world. 🌍
Job Market Overview: May vs June
At the beginning of June, the number of active job openings was down by about 22% in the Lithuanian job market.
So, here is what has changed in the past few weeks. The number ofjob openings has decreased by approximately 24%. 📉
There has been a very slight decrease in the number of job applications. This doesn’t quite cover the drop in the openings.
Despite the decrease in the number of job openings at the beginning of June, finding a job is almost at the ‘OK-level’ in Lithuania.
Unlike in Estonia, design candidates have more opportunities in this market. If you’re a designer and looking for a job in Lithuania, the chances are you may get one in the near future.
The Marketing & PR & Media professionals are in a tight spot. Sadly, it’s challenging for them to find a job in the Lithuanian job market nowadays. 👀
Similar to Estonia and Finland, offered salaries are higher than expected salaries in Lithuania. 📈
There has been a decrease in expected salaries, whereas companies don’t seem to have made any changes in their offerings lately.
Job Applications in the Top 6 Specialties in June 2020 vs 2019
In the past few months, we’ve been discussing the effects of the COVID-19 pandemic and the economic aftershock. 🌍😷
What about ‘before corona’ times? What were the stats for job applications in the top 6 specialties last year in the Lithuanian job market? 🤔
Let’s start with 3 key points:
✅ Similar to Estonia and Finland, the Software Engineering industry has seen a significant increase in the number of job applications.
✅ But in Lithuania, this industry doesn’t rank in first place. Apparently, sales & business development job seekers are the most active group in Lithuania nowadays.
✅Unlike Estonia and Finland, one industry has made a huge leap in the number of job applications: Marketing & PR & Media. This could be either related to the recent layoffs or the growing interest in the sector.
Compared to the number of applications submitted in mid-June 2019, all industries saw more interest from job seekers.
This may be related to the recent layoffs due to the pandemic and also the growing interest in the Lithuanian job market.
Who are the companies hiring with MeetFrank?
In this section, we will learn more about the company profiles on MeetFrank. Get ready to find out more about Lithuania-based companies!
✅ As of today, there are 121 Lithuania-based companies looking for talent on MeetFrank. The number is increasing every month. 📈
✅ Unlike Estonia and Finland, they are mostly corporations and consultancy companies. If your dream job is at a big corporate name, then Lithuania might be ‘the’ place! 🙏
✅ So, what sectors are these companies operating in? If you have gone through our Estonia and Finland reports, you’ll already know the answer. As of today, software engineering, SaaS, technology, consultancy, and enterprise software make up the Top 5 there.
The answer is the same for Lithuania as well. 👍
✅ The Lithuania-based companies generally have 11 to 50 employees. This range is similar to those of Estonia and Finland.
This fact applies to Lithuania as well. Did you know that Lithuania-based companies are offering more and more remote jobs nowadays?🔎
When it comes to remote job offers, the champions remain the same as for Estonia and Finland—software engineers. 🖥
It seems software engineers will be the new digital nomads, following in the footsteps of design and advertising people. 🛩
Professionals from the Sales & Business Development, Design, (Tech) Project Management, and Marketing & PR & Media industries are next in line with an increasing number of remote job offers.
Looking for a remote job? Interested in working for a Lithuania-based company? Here you go:
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:
