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Monday 19.03.2018 | Name days: Jāzeps

Employees to dictate rules in 2011

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUThe labour market has started to recover from the crisis, and compared to the previous period, the second half of 2010 saw a rise in activity due to the rapid economic activation on the external market, according to the observations of the Latvian Business Consultants Association (LBCA).

The LBCA points out that international companies are the clients most frequently using personal recruitment services.

Despite the relatively high unemployment rates, there is growing competition for the best employees not only on the Latvian or Baltic labour market, but also throughout the EU. Candidates have become more mobile and are ready to move to the EU and other countries.

There is increasing risk that the skilled workforce (especially in IT and medical industries) will set out to work abroad, thus Latvia’s investments in educating people are benefiting businessmen of other countries, the LBCA emphasizes.

Observations show the crisis was a good incentive for companies to arrange their businesses. Many executives are now required change management competence in addition to professional skills, experience and education degree. Workers are forced to learn new skills to change along and adapt to the increasing requirements of employers. While employees forced to carry out additional job responsibilities, as a result of staff optimization at companies during the crisis, have boosted their competitiveness.

Companies see great staff turnover tied to the fact that during the crisis workers were forced to accept job offers at lower-level of unsuitable profession withlower salaries. However, now with the number of vacancies rising, in certain occupations (e.g. sales, management, finance, etc.) job seekers are more likely to find jobs matching their education degree and work experience.

The so-called soft skills or social skills are set in the forefront, especially for young professionals: ability to learn quickly and gain new skills, diligence, high capacity and desire to work, flexibility (shift work, work on the move, work at home), the ability to communicate easily and cooperate with colleagues at the local office and with partners abroad. Employees with several foreign language skills (Italian, Spanish, French, etc.) are always demanded.

Sharp changes in salary growth are not planned (~ 3 – 5%); however, neither a drop is likely. High-level executives’ remuneration is still stable, but mid-level executives have become more flexible and compliant in salary negotiations.

The market requires strong and talented specialists very much, and to keep professionals at their teams, employers will have to offer competitive conditions to employees hired during the crisis. Consequently, it is expected workers will again have larger say. This mainly applies to all types of IT specialists, successful hard sell professionals, effective middle and high-level executives, who have successfully optimized and developed their company or its department during the crisis, thus achieving good financial performance.

Although non-availability of a desired job during the crisis has motivated jobless people to take up new challenges – setting up micro-enterprises and quantitative training for the unemployed, we will not see a sharp reduction in the unemployment as long as serious and planned measures are not implemented to develop innovations in manufacturing and services sectors, the LBCA indicates.

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  1. Keiwan says:

    Walking in the prseecne of giants here. Cool thinking all around!

    Thumb up 0 Thumb down 0

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