Headhunting sites offer great insight about the latest trends in Ukrainian business and where the gaps are in the job market. Business in this growing economy evolves constantly in different directions, creating more and more jobs for young specialists who track the trends. Taking a look at the job vacancy charts for this autumn, we ask the recruitment professionals of Capital Recruitment for a bit of advice on how a recent graduate can calculate whether his chosen profession will be profitable in five years…
Create and Sell
To get a general idea of what is happening on the job market, one can simply visit an employment website and check the number of vacancies and applicants available. We chose the www.rabota.ua and www.hh.ua employment portals for our research, because they attract different kinds of applicants, whether they are at the beginning of their career, changing direction, or simply looking for better employment options.
Our research shows that the two fastest growing job markets in Ukraine are Sales and Information Technology (IT). Sales is an ancient profession (though not THE most ancient profession), and companies will always need people to sell their product as well and as quickly as possible. It’s one of the reasons Sales continues to remain in the top sector for vacancies in Ukraine over the last five years.
IT, however, is a relatively young field – and it’s growing at a cutthroat pace. According to Rabota.ua’s research, the IT field has shot up
from 8th place on the vacancy list to 2nd place in only five years. In 2007, the second spot on the list was occupied by the production sector, which includes builders, locksmiths, plumbers, miners, and other technical and manual labour positions. How production fell out of favour reveals a lot about how the job market is changing in Ukraine.
Revenge of the Nerds
With the spread of Internet use, Ukraine’s market demands no longer prioritise manual services like construction; Ukrainian companies are now looking to a more virtual world. International corporations like Apple, Samsung, Google or even Facebook, have driven the business world into the World Wide Web, and now any business that does not have an online presence appears antiquated and out of touch.
Case in point, it costs a lot more now to hire a web designer than it does to hire a plumber. The people we called geeks when I was getting my degree now make up a wealthy milieu of Ukrainian society. This proves that you really should be nice to everyone, even people who tape their glasses together and play World of Warcraft.
Director of Capital Recruitment Roman Rozdobudko elaborates, “The most wanted among IT personnel are Java, C#, and C++ programmers, as well as iOS, Android, WindowsMobile developers. European and American companies often outsource major software development projects to Ukraine because we have many qualified, English-speaking programmers who charge 2-3 times less per hour than programmers in the US, for example.”
How Production Has Changed
Our sources disagree about the third-ranking profession on the vacancy list: according to rabota.ua the third place, with 4,483 vacancies available, goes to engineering and production; while hh.ua puts marketing and advertising, with 1,195 vacancies, at number three.
Surprisingly, there are only 535 production vacancies on hh.ua, which puts this branch to the sixth place in the website’s chart. Even though there’s been a drop in the production sphere from 2007, Roman says there has been modest growth in production for the agricultural sector. Perhaps this is because Ukraine has always had a strong agriculture industry, and in modern times, this sector requires professional engineers, farm-managers, and traders.
Predictions and Prophesies
Fortunately for many, the Ukrainian job market has a lot to offer applicants. There are more and more international companies coming to Ukraine, creating new spots in the job market for young specialists. With the possible exception of top management positions, which sometimes require foreign experience, the Ukrainian job market is mostly self-sufficient, with a skilled workforce able to fill the full spectrum of vacancies. Roman underscores that the Ukrainian workforce’s versatility is particularly strong in banking, production, and the agricultural executive sector.
Hopefully, this professional adaptability will allow Ukraine to send more of its workers into the international job market, but Roman says it is difficult to make predictions. “We hear many companies telling us they don’t want to do any sort of planning or predicting before the parliamentary elections because political stability is vital for business. Moreover, the overall business climate depends on financial situation in Europe.”
The Ukrainian market is susceptible to international business trends, with the markets responding to everything from political turmoil to regional economic strength. Individual sectors in Ukraine are also shaped by their ability to spark economic growth across the board, as corporations make post-recession budget cuts to maximise every hryvnia spent. “Nowadays, banks cut down financing of physical and legal investments that don’t help various sectors of business develop rapidly. If the financial situation in Europe and political climate in Ukraine improves, then the banking sphere will likely continue to evolve, spawning more opportunities for other segments of business.”
However, there are some services and goods that can withstand volatile market trends, according to Roman. “In any case, in the next 5 years, IT companies, food and household manufacturers, tobacco, alcohol, agricultural and pharmacist companies will feel pretty comfortable in Ukraine.” Feel free to take that into account as you plot your next career move.
Online Survey: What attracts you to a job?
1. Salary – 55%
2. Professional growth and personal development – 20%
3. Sense of accomplishment – 10%
4. Possibility to create something – 10%
5. Communication with people – 5%
1. Sales, Client Management – 9,470 vacancies
2. IT – 5,730 vacancies
3. Production, Engineering, Technology – 4,483 vacancies
4. Marketing, Advertising, PR – 4,154 vacancies
5. Manual Labour – 3,129 vacancies
1. IT, Internet – 2,511 vacancies
2. Sales – 2,394 vacancies
3. Marketing, Advertising, PR – 1,195 vacancies
4. Banking, Investment, Leasing – 754 vacancies
5. Accounting, Finances – 621 vacancies
6. Production – 535 vacancies