Ajay Thalluri, business fundamentals analyst, GlobalData, said, “This rise in active job posts is the greatest growth we have seen all year. Businesses are getting back to pre-COVID-19 levels in order to meet growing demand, and hiring has seen an uptick.”
Thalluri notes that September’s total job postings - which include active, closed and posted positions – reduced marginally in North America and Europe, when compared to the August. Job adverts in both the Middle East and Africa (MEA) and Asia-Pacific (APAC) regions declined significantly.
Thalluri continued by adding, “That job closures reduced while active jobs increased indicates that companies are not finding the talent they require. This might be because there is a shortage of skills for positions seeking highly qualified candidates, or simply that there is a lack of candidates. Either way, companies will find it takes longer to fill positions in North America and Europe.”
In early September, GlobalData observed that sign-on bonuses increased exponentially, and this trend is not slowing down.
Thalluri mentioned that sign-on bonuses for senior-level job positions continued to increase for the fifth month in a row, with a seven percent MoM rise. Listings for experienced and CXO talent hint that companies are looking to meet and explore strategic requirements across markets.”
Service-based sectors have recorded an increase in job listings. For example, the travel and tourism sector increased job postings by six percent. Further, foodservice sector postings increased by five percent in September.