10.01.2022

DECREASE IN JOB POSTINGS IN DECEMBER

In the last month of 2021, job advertisements on the leading sites decreased by 35 percent, according to the monthly analysis of the dynamics of the labor market in our country of HR company and career site JobTiger, the company said.

Analysts say there should be no cause for concern. The decline in offers in December is traditional and is mainly due to the greater number of weekends for the Christmas and New Year holidays, during which the vast majority of employers do not publish new job offers, the analysis said.

Although they are less, the number of ads is 49 percent more than in December 2020.

As in the total number, so in all sectors, there was a decline in proposals in December.

The largest decline was in the sector "Production" - 44 percent, followed by "Accounting, Auditing, Finance" - 43 percent and "Construction" - 41 percent decline. In other industries, the decline in ads is as follows: "Marketing and Advertising" - 38 percent, "Administrative and Service Activities" - 36 percent, "Trade and Sales" - 34 percent, "Health and Pharmacy" - 32 percent, "Logistics and transport "- 31 percent," Hotels and restaurants "- 25 percent and IT - 15 percent.

Proposals for work from home and / or telecommuting decreased by 25 percent compared to November. Their share in the total number of ads is 17.1 percent, and as in previous months, they are most numerous in the IT sector - 69 percent, followed by "Administrative and service activities" - 14 percent and the outsourcing / BPO / industry - 13 percent and "Trade and Sales" - 4 percent.

The IT sector already ranks first in share with 22 percent of the total number of ads. According to the analysis of the HR company and career site JobTiger, this is the fastest and fastest growing sector in 2021. From the beginning to the end of the year the number of proposals has doubled, and as a share it has climbed from fourth place to 10- 12 percent share to 22 percent first.

It is followed by the current leading sector "Trade and Sales" with 21 percent share, followed by "Production" with 13 percent and "Administrative and service activities" - 11 percent.

The share of ads in other industries is as follows: "Hotels and restaurants" - 10 percent, "Logistics and Transport" - nine percent, "Accounting, Auditing, Finance" - 4.4 percent, "Construction" - 4 , 3 percent, "Health and Pharmacy" - 4.1 percent, "Marketing and Advertising" - three percent and "Art" - one percent.

Only 150, or 0.4 percent of the total, are the proposals that require a green certificate certifying the completion of a cycle of vaccination against COVID-19 or disease.

According to the observations of the JobTiger team, the proposals in which this requirement is present continue to be mainly in the sectors "Hotels and restaurants", "Services" and "Trade and sales". Although they vary as a share of all ads in the last quarter of the year, their number remains almost unchanged.

In December, more than half of the proposals in the country were concentrated in the capital. The share of these ads is 51 percent of all proposals, and in other cities it is as follows: Plovdiv - nine percent, Varna - eight percent, Burgas and Ruse - three percent, Stara Zagora - two percent. Together, the ads in these cities make up 77 percent of the proposals in Bulgaria.

We are facing a situation of rapidly growing morbidity and the presence of the new Omicron strain in the country. Although experience so far has shown that each wave of the pandemic is causing less and less economic damage, there is still some risk to the labor market, the company said.

The analysis states that we are entering the new year with optimism. The drop in ads by more than 1/3 in December should not be a cause for concern, as expectations are traditionally expected in January for the number of proposals to recover quickly and for healthy growth in the labor market in the coming months. This is confirmed by the observation that only in the first week of this month the number of ads has increased by 19 percent, according to the company.