CV Market Latvia Trends and challenges of Latvian labour market Anna Demeshko, Key Account Manager Riga

Unemployment index in Latvian regions The registered unemployment rate in Latvia, December 31, 2012 – 10,5 % *source: (State Employment Agency) 2www.nva.lv

Unemployment rate dynamics, period: January December 2012 *source: (State Employment Agency) 3www.nva.lv The registered unemployment rate at the end of period, %

The unemployment rate by education level (%, December, 2012) *source: (State Employment Agency) 4www.nva.lv 1. Professional Education – 37,2 % 2. Secondary Education – 26,8 % 3. Primary Education – 20 % 4. Higher Education – 12,5 % 28 % 72 % 5. Lower than Primary Education – 3 %

The number of unemployed persons and job vacancies (at the end of period) *source: (State Employment Agency) 5www.nva.lv The number of vacancies The number of unemployed persons for 1 vacancy SEA registered number of vacancies The number of vacancies The number of unemployed persons for 1 vacancy January, 2008December, 2008 December, 2009 December, 2011 December, 2010 December, 2012

The most requested jobs by employers, Year 2012 *source: (State Employment Agency) 6www.nva.lv Labourer Cook Salesman Truck driver Sewer Sales consultant Peat extraction labourer The labourer of fish factory Finishing labourer Cleaner

The number of vacancies by category, December, 2012 *source: 7www.cvmarket.lv

Latvian labour market research 2012 *source: 8www.cvmarket.lv What level of employees is planned to hire during the next 6 months? The company’s CEO Department Manager Project Manager Branch Specialist Sales specialist Client Service Specialist Assistant Clerk Skilled worker Worker without experience Other

Resources, which use companies, to find suitable candidates for their vacancies *source: 9www.cvmarket.lv Job ads posting on Job Websites Using of electronic CV database Job ads posting in the popular Latvian press Job ads posting in the local press Job ads posting in advertising newspaper Informing of State Employment Agency Job ads posting using of notice boards, stops, public transport Through workers, relatives, familiars Job ads posting on the corporate website of the company Using of social network TV and radio advertising Other sources

Latvian labour market situation by the employers’ opinion *source: 10www.cvmarket.lv The Latvian labour market is stable There are a lot of free workers in the market The lack of skilled workers In the near future there will be a lot of new vacancies Expecting of unemployment increase

The most popular states for work abroad for Latvian and Estonian jobseekers *source: 11www.cvmarket.lv % Latvia Estonia

Where are people looking for a job? *source: 12www.cvmarket.lv

Job portal users’ profile by CV Market data *source: 13www.cvmarket.lv

Jobseekers’ profile by CV Market data *source: 14www.cvmarket.lv

Jobseekers’profile by CV Market data *source: 15www.cvmarket.lv

Where people want to work? *source: 16www.cvmarket.lv The most desired criteria choosing a place to work: Stability Good salaryGreat team Career Opportunities Interesting tasks, challenges Comfortable, safe environment Modern equipment Modern, perspective, profitable company Creative work environment

The most requested jobs by employers by CV Market data *source: 17www.cvmarket.lv Sales Specialist/Sales Manager Shop Assistant Programmer Logistics Manager Mechanic Cook Engineer

Latvian Labour Market: Conclusion 18 The smallest unemployment rate was in Year 2008 – 5 %, the biggest one in Year 2010 – 16,6 %, tendency in Year 2012 – reduction every month by 0,2-0,3 % People with Professional Education are the most needed in work, privelege – people with Higher Education, mostly – men The number of registered unemployed persons exceed the number of vacancies – the 33 unemployed aspire to 1 vacancy in December, 2012 The most requested jobs are in category “Sales” and “Customer Service”

Latvian Labour Market: Conclusion 19 The most popular resources to find new employees – through familiars, relatives and posting job ads on Job Websites People are looking for the job using Job Websites, Social Networks and Personal contacts Average user’s profile by CV Market data - employed person, age 20-40, with Higher Education The biggest problem of Latvian Labour Market is emigration of economically active people and lack of skilled workers

CV Market Latvia 20 Thank You for Your attention!

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