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InHunt World is a Global Headhunting Network that is currently active in over 40 countries. During this autumn, we are going to go through these countries one by one, usually interviewing the Country Manager or the CEO of the country in question.

Today we are in the Netherlands, specifically in Amsterdam, its charming capital. Holland as it is sometimes informally called (it is actually the name of a region of The Netherlands), managed to resist quite well the wind blows of the corona pandemic. Its economy resisted well the hit and the unemployment oscillated, but not as heavy as other southern or centric European neighbors.

The Netherlands’ seasonally adjusted unemployment rate inched up to 3.2 percent in August 2021 from 3.1 percent a month earlier. The number of unemployed increased by 12 thousand to 301 thousand while employment rose by 13 thousand to 9.11 million in August. Meantime, the number of people claiming unemployment benefits declined by 11.6 thousand to 212.7 thousand in August, lower than in February 2020, just before the corona crisis. At the end of February 2020, there were 240.2 thousand unemployment benefits. Meanwhile, the labor force participation went up to 71.8 percent in August, a new record in the employment rate (source).

The Dutch economy is expected to have contracted by 4.1% in 2020 as the COVID-19 pandemic and the related
restrictions significantly affected the economy. Following a nationwide lockdown in the spring, a strong rebound started in the third quarter of 2020 but was interrupted by a second wave of COVID-19 infections in the autumn of 2020. The associated reintroduction of containment measures and their progressive tightening since October have constrained economic activity, particularly in contact-dependent services in hospitality, retail trade, entertainment and transport. As a result, the Dutch economy is forecast to enter another technical recession, contracting by 1.3%. On the positive side, government support measures are set to continue operating until November 2021, protecting employment and disposable incomes (source).

Headhunting and Recruitment Market in The Netherlands

Examining the labour market of 2020 in comparison to 2019 is certainly interesting. The average unemployment rate for 2019 was around 3.4%, this number is to no one’s surprise lower than the unemployment rate of 2020, which lies around about 3.8%.

The EU’s average unemployment level rose from 7% in 2019 to 7.5% in 2020. The countries with the highest and lowest unemployment rate in the EU were Greece, with a lower rate in comparison to 2019, 16.7%, and the Czech Republic with a slightly higher rate around about 3.1%.

Considering that many sectors like the hospitality or tourism sector have a very low demand for workers, people might assume that the labour market has shifted from a candidate-driven market to a more company-driven market. However, with many other sectors doing extremely well during the pandemic, the market is fairly balanced. This shift also brought with it a shift in jobs and skills that are now more attractive and higher in demand than ever before, i.e. digital marketing roles or an analytical skillset.

In 2019 companies were required to offer higher wages, health and pension contributions and more permanent contracts to attract and keep talented employees. Now, a strong and supportive company culture, digital infrastructure and flexibility are what job seekers pay more attention to when it comes to finding an employer.

2020 has brought many changes to the labour market, however, the outlook on 2022 is promising. Many companies still moved to the Netherlands in 2020 and will soon offer more than 8.000 jobs, Amsterdam has become the number one share trading hub in Europe and the Netherlands is amongst the top 10 most innovative countries of 2021 (Source: ) .

Next, we are going to interview the Managing Director of Adams Multilingual Recruitment, Mr. Florin Buduroi. Florin has been a central asset to the company for more than 11 years, and recently he has been promoted to lead the whole group towards its next growth level.

How are you Florin? Thank you for taking your time for this interview. First of all, how are you and how was the summer?

Today is a great day to be in Recruitment. We have been closing many Recruitment Projects and have very interesting new clients lined up to start working on and preparing for 2022. The summer was very busy, and we had very little time to take (Recruitment) breaks. Luckily, we managed to successfully hire some new colleagues to join our team and we are now ready to go full speed into the last quarter.

How would you comment on the first half of 2021?

Unpredictable and chaotic. The local market was very dynamic, and companies worked hard to get their teams back on track while the economy was recovering and even growing.

How do you see the second part of 2021? And what about 2022?

The upward trend continues now and probably will for another few months. We see the start of the new year really busy already and we have many new clients looking to open offices in the Netherlands and hire in big numbers next year.

What are the industries that are hiring the most?

We see an increase of volume in roles around home electronics and consumer goods, food industry, meat processing and meat replacements, dairy as well as SaaS and IT companies looking forward to scaling up, fast. The tourism and events industries are also recovering and started recruiting more employees.

What are the roles that companies are needing the most?

In the past few months, we continued to recruit for Sales, Marketing and e-commerce roles. This is a trend that started last year and continues now. We also see more HR and Supply Chain roles this year than we did in the past.  

What about the candidate market?

Finding candidates is very hard at the moment. People are happy to change jobs, but they want to make the perfect career move and join a company with a culture and a mission that suits them perfectly.
This means that it takes a much deeper knowledge of the company and candidates, in order to connect the two parties and make sure the match is successful.

The competitive housing market in large cities makes it hard for companies to consider candidates new to the local market before they find a place to live in the Netherlands.   

What would you say are the top reasons companies choose to work with Adams Multilingual Recruitment over some other players in the market?

Our clients chose to work with Adams because they know we can provide the recruitment consultancy they need.

We have a wide international network here in the Netherlands and know what is and what is not feasible when it comes to finding candidates.
With Adams, the approach is always personal and customized to the client’s needs.

In the current market, it is crucial to be honest and transparent and keep a constant communication flow with clients and candidates – this is our promise. And our team is fun to work with.

Thank you for your time Florin!

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