08.11.2023
40% DROP IN JOB OFFERS IN THE IT SECTOR
Job offers on career site JobTiger in October 2023 were 2,900 fewer, or minus 6 percent from the previous month, according to the HR and career site company's monthly analysis.
The difference is mainly due to a more noticeable drop in advertisements in the "Hospitality and Restaurant", "Trade and Sales" and "Manufacturing" sectors. On a year-over-year basis, a steady decline of 7 percent or 3,300 fewer job offers continues, driven primarily by lower information technology job postings.
According to the analysis of the HR company and career site "JobTiger", on an annual basis, there is also a decline in most sectors. It continues to be most drastic in the IT sector, where offers are 40 percent less compared to the same period in 2022.
Job offer by city has decreased in all of the leading regional cities. In Sofia, the decline is by 4 percent, in Plovdiv by 13 percent, in Varna by 7 percent, in Burgas - by 11 percent, in Ruse - by 10 percent, in Stara Zagora - by 13 percent.
As a share distribution, the ads in Sofia are 45 percent, and in the other cities Plovdiv - 10 percent, Varna - 8 percent, Burgas - 4 percent, Ruse - 3 percent and Stara Zagora - 3 percent.
In almost all sectors, a drop in job postings was observed in October. The exceptions are "Marketing and Advertising", where there are 60 more offers and a growth of 4 percent, and "Healthcare and Pharmacy" - with 130 more offers and a growth of 6 percent.
The reason for most of the offers in "Healthcare and Pharmacy" is the posting of job positions in it for overseas, which is a standard practice for recruitment in this sector. In contrast to previous years, in which this type of offer was promoted on the Bulgarian market mainly during the summer months, in 2023 the announcements will appear on the job sites in the last quarter of the year as well, reports the company.
With the biggest drop in job offers is the "Hospitality and Restaurant" sector - 1,080 offers less, which equates to minus 16 percent, followed by the "Trade and Sales" sectors with 770 offers less and a 7 percent drop. In third place is the "Manufacturing" sector with 570 fewer offers and a drop of 8 percent.
The fourth position is occupied by the "Logistics and transport" sector, with 270 fewer offers and a drop of 6. In fifth place is the IT sector with 200 fewer offers and a 6 percent drop. "Administrative and service activities" took sixth place with 170 fewer offers and a 4 percent drop. Seventh position is for the "Construction" sector with 130 fewer proposals and a 5 percent drop. In last place is "Accounting, auditing, finance" with 60 fewer offers and a 3 percent drop.
By share distribution of job offers in the country, the "Trade and Sales" sector continues to occupy a quarter of the market and is in first place with a share of 25 percent, followed by "Manufacturing" with 17 percent and "Hospitality and Restaurant" with 13 percent .
The share distribution of the other sectors is unchanged compared to the previous month: "Logistics and transport" holds 10.8 percent, "Administrative and service activities" - occupies 10.7 percent of the market, IT - 8 percent, "Construction" - 6 percent, " Healthcare and Pharmacy" - 5.4 percent, "Accounting, Auditing, Finance" - 4.8 percent, "Marketing and Advertising" - 4 percent and "Art" - 1 percent.
Since the beginning of the year, the number of offers for work from home or telecommuting has decreased by 31 percent, or 3,050 fewer postings, which is directly related to the lower number of postings in the information technology sector, in which this type of offer predominates.
As of September this year a decrease of 4 percent of these ads is reported, as a share of the total they are 9 percent.
The distribution of this type of offer by sector is 54 percent in the IT sector, followed by "Administrative and service activities" with a decrease of 18 percent, the sectors of the outsourcing industry - a decrease of 15 percent and "Trade and sales" - a decrease of 7 percent.
