Job vacancies ease in fourth quarter of 2022 but remain higher than … – Independent.ie

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Orla Moran, general manager of IrishJobs.ie
Job vacancies are up by almost a third on pre-Covid levels
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Caoimhe Gordon

Job vacancies in Ireland declined on an annual and quarterly basis but are still higher than pre-Covid levels, according to the latest report from IrishJobs.ie.
The hiring platform reported that the number of vacancies were down 11pc on a yearly basis. The number of jobs available also dropped 13pc in the final quarter of the year compared with the previous quarter.
“The adjustment in the market that we saw begin in Q3 continued into Q4,” IrishJobs.ie general manager Orla Moran said.
“However, it’s worth pointing out that the final quarter of every year would traditionally be a time when recruitment activity eases back.”
Despite this slowdown in hiring activity, the volume of job vacancies generated in the fourth quarter of 2022 was 28pc higher than pre-pandemic levels, the report showed.
Ms Moran said this surge in vacancies is a result of the current 20-year low in unemployment, creating a “competitive recruitment landscape” in Ireland.
Of the 39 sectors analysed in the report, only nine sectors posted year-on-year increases in job vacancy creation, including security, customer service, and media.
However, the report pointed to a number of sectors linked to the domestic economy that recorded a decrease in vacancies over the year due to “recessionary fears and spiralling energy costs”.
These include retail, with job postings down 32pc, as well as arts and entertainment, which recorded a 36pc fall.
While candidates for roles in catering were in high demand during the summer, jobs vacancies in this sector were down 28pc on both a quarterly and annual basis. However, jobs created in this industry accounted for over 13pc of total vacancies in the fourth quarter of 2022.
Roles in the medical and healthcare sectors followed, with an 11pc growth in vacancies in Q4.
While the option to work from home remains a priority among some jobseekers, the number of fully remote positions fell by a fifth in Q4, the second consecutive quarter of decline.
IrishJobs.ie attributed the decrease to the adjustment to hybrid working conditions as more companies encourage workers to return to the office for a number of days each week.
“Employers will need to look at their talent attraction strategies if they’re to entice people to change jobs against an uncertain economic outlook,” Ms Moran said.
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