It's normal to feel insecure and worried about the prospects of what the labor market will look like the next weeks and months. And no one can say something with a 100% certainty.
With that being said - new reports and studies are continously published on the market’s development. The goal with this page is to give you a quick recap, so you are up to date and ready to meet the jo market you are facing.
This page might start a bit gloomy, but hold on – we conclude by looking at your possibilities today and how you become good at spotting them yourself.
The labor market today
Denmark is, like the rest of the world, in an economic crisis. Many companies are fighting bankruptcy and thousands of people have been laid off or sent home, and are nervous about whether there will be a job to go back to. Unemployment has risen with over one 3rd from the beginning of March to the middle of April. Additionally, we experience a higher increase in a shorter time span than in the last economic crisis.
Before is gets too somber, let’s make it clear that the unemployment rate has risen in Denmark, but there is, fortunately, help close by – the government’s aid packages. They help compensate for canceled events, payroll costs and salaries, and fixed expenses. There's even help for the self-employed and freelancers.
By mid-April, there's been applied compensation for payroll costs for a total of 150.000 employees. This crsis differs from the last in the economic compensation settlements that have been implemented very quickly.
Everyone makes a big effort that the crisis does not bring Denmark out of course. Don’t be afraid - there will be room for you too.
Which areas of business are growing at the moment?
Even though there is a crisis, there are also areas of business that are doing well, and areas of business that are growing because of the crisis, e.g.:
- The health industry – especially those who deal/produce/import safety equipment
- The cleaning industry, which helps with maintaining all the new guidelines when society opens up again
- The food industry for retailers and wholesale dealers
- The e-commerce or online industry, which help businesses get in contact with costumers and collaborators in new ways, and making their products available for their customers
- The warehouse and logistics industry, which help businesses restructure their operation and supply customers who are not able to pick goods up themselves
- The local garden- and home improvement centers – due to the many people who have been sent home. They now have time to do garden work and building projects
In all these areas of business, employees are working with communication, administration, development, strategies, economy, etc. And they are most likely in need of more.
After the last economic crisis, there was an increase in project positions and other short-term or temporary positions. Don't be afraid of accepting a job like that. You will still gain knowledge, network, and a secure base on the job market in the long run. You might be afraid of what an employer will think of several short-term positions - don't be. Everyone knows this is an extraordinary time and it will have consequences on many levels.
Which competences are needed?
There is still a need for skills for the future, even though the job market has taken a hit. The most important part of your job search is your ability to spot opportunities. But what does that mean and how do you do that – and why is it even important?
This is where your academic approach can really help you. During your studies, you have learned to spot problems every time you have written a problem statement. So when you decided to do your thesis on e.g. Salman Rushdie, it was not enough to just research his two latest books. You were supposed to start on an academic observation or observation of an abnormality relative to your academic knowledge.
Another competence you have trained is the ability to identify patterns and coherence. When you have analyzed Salman Rushdie's writings you looked for patterns and correlations. You have practiced doing this, no matter hwat you have studied.
Have those two competences in mind when you look at the labor market today:
- Where is the company facing challenges that are not taken care of?
- Where do you see any unsuitable procedures or workflows?
- Are there new tasks or opportunities the department can work with?
- Are there any new tendencies that affect the company?
When you have sent applications to the ads you were able to find, start on applying unsolicited as well. Pay attention to the news – local as well as national. Think about what is troublesome for companies in their day to-day business. When you spot challenges, try to find possible solutions or new ways handle that challenge. And then try to get in contact with the companies – arrange a skype/coffee meeting and be curious. You might learn something that you can use in your job search. And it might be that knowledge and those competences which lead you to a job.