07.11.2022
WHAT KIND OF EMPLOYEES IS THE CLASSIFIEDS BUSINESS LOOKING FOR?
The number of job advertisements in October decreased by 7% compared to the previous September. This is shown by the monthly analysis of the HR company and career site JobTiger. Offers were down 3,000 at the end of the month, bringing the total to just over 45,500. The number of listings was down in almost every sector, with the only exception being the Accounting, Auditing, Finance sector.
The reported decline in listings is not yet a cause for concern or sentiment about a deteriorating economic environment. On an annual basis, the number of ads is 5% higher than in October 2021 (2,000 more ads). On the other hand, the seasonality of the labor market must be taken into account. Traditionally, in recent years, there has been a decline in offers precisely in the last quarter, and every year it is in the range of 3,000 - 4,000 less listings.
The number of offers decreased the most in the sectors "Trade and Sales" (815 offers less, 7% decrease), "Hospitality and Restaurant" (800 offers less, 13% decline) and "Manufacturing" (365 offers less, 5% decline). They are followed by the sectors "Construction" (280 offers less, 11% decline), "IT" (210 offers less, 5% decline), "Marketing and advertising" (150 offers less, 9% decline), "Logistics & Transport" (130 offers less, 3% decline), "Administrative & Service Activities" (120 offers less, 3% decline) and "Healthcare & Pharmacy" (60 offers less, 3% decline).
An increase in advertisements was observed only in the "Accounting, audit, finance" sector, with the number of offers in it being 90 more (4% growth) compared to the previous month.
On an annual basis, however, there are more offers in almost all sectors.
As in September, a decline compared to 2021 was observed in the "IT" sector. The offers in it are 2000 less than in October 2021 - a drop of as much as 26%. We note again that this trend can be interpreted, on the one hand, with the normalization of the demand for personnel in this sector after the active "restocking" in the pandemic years 2020 and 2021, and on the other - the announced temporary "freeze" of the selection of personnel (hire freeze) in the industry from a number of technological companies in the country and around the world.
Share distribution
The "Trade and Sales" sector continues to have the largest share of offers with 23%, followed by the "Manufacturing" (16%) and "IT" (13%) sectors.
After the constant decline of advertisements in the "Hospitality and restaurant industry" sector, in October it moved to 4th place with a 12% share, followed by the sectors "Administrative and service activities" (11%), "Logistics and transport" ( 10%), "Construction" (5.2%), "Accounting, Auditing, Finance" (4.8%), "Health & Pharmacy" (4%), "Marketing & Advertising" (3%) and "Art " (1%).
Work from home
Offers for work from home and/or telecommuting are also fewer in October. Their number decreased by about 170 (down 3%), bringing the total to just over 4,850 or 12.5% of all listings.
As a breakdown by sector, 62% of this type of offer is in the "IT" sector, followed by "Administrative and service activities" (16%), the outsourcing (BPO) industry sectors (14%) and "Trade and sales" (6% ).
Offer by city
The total number of advertisements in the leading regional cities decreased by 4%. In each of them we observe a decline as follows: Sofia (-1%), Plovdiv (-4%), Varna (-11%), Burgas (-15%), Ruse (-4%) and Stara Zagora (- 9%).
The number of proposals as share distribution is: Sofia (47%), Plovdiv (10%), Varna (8%), Burgas (3%), Ruse (3%) and Stara Zagora (2%).
Ads suitable for refugees
The number of job postings suitable for refugees fell by 12% in October, or about 300 fewer offers. The total number of this type of ads is about 2100 - 5% share of all ads.
A key period for the labor market in 2022 will be the last quarter of the year (October - December), with the expectation being to see a more unconventional decline in job offers. Although the results of the analysis for the month of October are not positive, for the moment there is still no dynamics in the number of advertisements outside of the traditional for this period, and it cannot be considered that there are specific reasons for alarm. Nevertheless, a number of employers around the world and in Bulgaria are increasingly actively taking measures to meet a challenging economic situation in the coming months - shrinking budgets, partially or completely freezing the selection of new staff and even, in some places, releasing employees, etc.
