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. 🤓
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!
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:
