The Baltics at a Glance 2015

In A Regional View, Baltic Region, Keith Robinson, Our Authors by MartinLeave a Comment

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Predictions & Insight from one of region’s leading recruiting practitioners (Agu Vahur)

Resource Central is a new “bricks and clicks” Integrated Resourcing business, helping companies (both local and international) to recruit in, from and across the Baltics, Balkans and Central & Eastern Europe and Turkey.

Through a unique strategic partnership with nine of the Region’s leading resourcing solutions providers (including the Number One job board), the team at Resource Central provide previously unknown insights into key labour trends, job seeker behaviour, salary trends and “recruiting brand activity”.

Agu Vahur,  CEO of the leading Baltic job board,  is a market expert and in this article he shares key facts and market predictions for 2015. This is the first of three articles, with the second looking at the Balkan Region – and the last covering the broader CEE Region (including Czech Republic, Hungary, Poland and Slovakia).

Local Market Facts – Estonia, Latvia & Lithuania


 Estonia
Estonia_flag_map

Estonia Map Flag

Capital City: Tallinn
Regions: Harjumaa, Tartumaa
Official Language: Estonian
Population: 1,3 Million
Unemployment Rate: 7,8%

Main Job Board: CVOnline

Key CVOnline Stats

Unique Users (monthly) – 275,000
CV’s – 240,000
Average Number of Active Jobs: 9,000 (across all CVOnline sites in the Baltic’s)
Age Profile

  • 15-24 17%
  • 25-34 44%
  • 35-44 22%
  • 45-54 11%
  • 55+ 6%

Key Digital Stats

  • Internet users: 1.007.020
  • Internet penetration: 80%
  • Active Mobile Subscriptions: 2.070.547

Key Social Media Stats

  • LinkedIn 129.100 users
  • Facebook 540.000 users
  • Twitter 129.000 users

 Latvia
Latvia Flag Map

Latvia Flag Map

Capital City: Riga
Regions: Riga and Riga District, Daugavpils, Liepaja, Jelgava, Jurmala, Valmiera, Ventspils
Official Language: Latvian
Population: 2 million
Unemployment Rate: 11,5%

Main Job Board: CVOnline

Key CVOnline Stats

Unique Users (monthly) – 250,000
CV’s – 48,000
Number of Jobs; 9,000 (across all CVOnline sites in the Baltic’s)
Age Profile

  • 15-24 13%
  • 25-34 55%
  • 35-44 22%
  • 45-54 8%
  • 55+ 3%

Key Digital Stats

  • Internet users: 1.621.769
  • Internet penetration: 74%
  • Active Mobile Subscriptions: 2.310.000 (106%)

Key Social Media Stats

  • LinkedIn 146.700 users
  • Facebook 500.000 users
  • Twitter 171.000 users

Lithuania
Lithuania Flag Map

Lithuania Flag Map

Capital City: Vilnius
Regions: Vilnius, Kaunas, Klaipedal, Šiauliai, Panevezys, Alytus, Marijamole
Official Language: Lithuanian
Population: 2,9 Million
Unemployment Rate: 11,3%

Main Job Board: CVOnline

Key CVOnline Stats

Unique Users (monthly) – 357,128
CV’s – 52,000
Number of Jobs; 9,000 (across all CVOnline sites in the Baltic’s)

Age Profile

  • 15-24 28%
  • 25-34 34%
  • 35-44 16%
  • 45-54 13%
  • 55+ 9%

Key Digital Stats

  • Internet users: 2.397.571
  • Internet penetration: 68%
  • Active Mobile Subscriptions: 5.000.000 (142%)

Key Social Media Stats

  • LinkedIn 222.000 users
  • Facebook 1.240.000 users
  • Twitter 107.000 users

Baltic Insights & Predictions

Agu Vahur is CEO of CVOnline and has worked in recruiting, job boards and staffing for over 20 years, across the Baltics and CEE Region. He is a true expert on the 3 countries which make up the Baltics and he has shared his thoughts on 2015 with us.

  • The region has excellent skills in; Finance, Sales, IT, Engineering and Healthcare/Medical
  • 30% + of the users of job boards are fluent in two languages (English and Russian)
  • 26% of our regions working population would be ready to relocate for a job abroad (CVO Survey 2013)

The economies of all three Baltic countries (Estonia, Latvia and Lithuania) is in growth phase and the same trends are visible from the employer survey CV-Online carried out in November 2014:

  • Half of the employer’s plan to hire more staff in 2015
  • More than 20% of employers plan to replace employees to become more productive
  • More than 35% of employers have decided to increase the salaries at the beginning of 2015

Also jobseekers are active and looking for new opportunities. Keywords for “dream” jobs relate to technology positions.

Professionals are becoming increasingly mobile as they seek new competencies and experiences.

Summary

The Baltic’s like the Balkans and the rest of the CEE are unique markets, but one trend is constant across all three regions, GDP is growing and Recruitment is up and we are also seeing real signs of skills shortages.  The key to successful talent acquisition in these regions is gaining local knowledge to support your local recruiting needs.

Martin
Client Services Director @ Resource Central Ltd
As part of our team I help companies develop, build, implement and manage people engagement and experiences that deliver ‘ real value’ across the Talent and HR business needs of Talent Attraction, Talent Acquisition, Talent Engagement, Talent Community Retention and Employer Value.

Please Like & Share

Martin
Client Services Director @ Resource Central Ltd
As part of our team I help companies develop, build, implement and manage people engagement and experiences that deliver ‘ real value’ across the Talent and HR business needs of Talent Attraction, Talent Acquisition, Talent Engagement, Talent Community Retention and Employer Value.