Market update, July 2022

A long way to recovery for Ukraine

Welcome to the July edition of Djinni’s report on the tech job market in Ukraine! Previous reports: Ukrainian tech market during the war and Year in review: insane job market of 2021.

Note: All the numbers are our own, based on user activity on Djnni.

Key points:

• Candidates +240% y/y, job postings -21% y/y

• Salaries fell for some categories but not others

• It’s the buyer’s market – with some caveats

Candidates

There are 54k candidates’ profiles on Djinni, up 50% from January.

Most of this growth is ‘active search’, candidates actively looking for jobs. Candidates in ‘passive search’ only grew by 16% (June/January).

Candidates’ profiles grew from 35k in January to 54k at the beginning of July.

The number of candidates weekly active on Djinni recovered fast and kept growing. Recruiters’ weekly active is still 20% below pre-Feb 24 highs.

Eight thousand recruiters and 50,000 candidates use Djinni every week.

Jobs

The highest number of jobs online was 28,000 at the beginning of February. There was a big slump after the Russian invasion started and some recovery, but overall the market is still down 50%.

Current hiring freeze & layoffs in US/Europe markets only adds to the pressure.

The number of jobs available fell by roughly 50%

Since there are fewer jobs and more candidates, the number of job applications skyrocketed — reaching 50,000 per week for the first time.

Reached 50,000 job applications per week for the first time

Job applications per job grew on average from 3 in January to 11 in June.

Salaries

After the initial shock in early March, there was a bounce back. Yet there seems to be a depression in the average and the median salary starting in June.

The average and the median salary for hires made through Djinni

We’ll have to wait a month or two to see if this is a blip or a longer-term trend. Subscribe to Djinni Analytics, and you’ll know as soon as we know.

More inbound, less active sourcing

Djinni has always been more about active sourcing, with recruiters making the majority of contact requests and candidates waiting for new opportunities to review.

The number of contact requests by recruiters fell dramatically after Feb 24.

Recruiters were sending 80,000 contact requests per week at the beginning of February. Now it’s down to 40,000 while the number of job applications went from 30,000 to 50,000 per week.

Location

Ukraine-only job postings fell from 60-70% in January to 40%.

Currently, 40% of job postings at Djinni are for candidates regardless of the country, while the other 60% are jobs where only candidates from Europe or Ukraine are considered.

Full-remote is getting more popular with Ukrainian companies, for obvious reasons – roughly half offer it. The share of full-remote employment for non-Ukrainian companies hiring through Djinni is even higher at 74%.

74% of all international companies and 48% of Ukrainian companies offer full-remote employment.

It’s a buyer’s market, with a caveat

Yes, there are more candidates online than ever, and a job posting will receive more applicants than ever. Candidates are getting fewer offers and thus are more responsive and more agreeable.

And yet - you still have to work to make a great hire.

Best candidates still have options to choose from, even in this market. They care about the project they want to work on, the team, and the interviewing process. Compensation still matters, and salaries are mostly held up.

It’s much easier to hire in this market but it takes work nonetheless. Good luck!

For Ukraine, it’s a long way to recovery so we better get started.

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