Job vacancies: what is the best time of the year to look for jobs on the web?
What are the months when companies publish more job vacancies on the web? And what are the ones with less opportunities to find a job online?
Both questions can be answered by analyzing the trend of web job vacancies publication on WollyBi data.
The second question has the same answer for the last three years: August is the month that recorded the negative peak in the number of new vacancies published, with a percentage on a monthly basis of around 5%.
The answer to the first question, however, is not so immediate. The general trend of vacancies publications in the three years in analysis seems to remain almost similar, with an increase in the first months of the year followed by a slowdown in the period approaching the summer and a recovery in the autumn months. However the month that in absolute records the largest number of new vacancies posted on the web by companies varies constantly.
The vacancies posted on the web
Percentages of vacancies published on a monthly basis
A recent research by Il Sole 24 Ore on the monthly recruitment trend shows that autumn is the most profitable year of the year to find a job or change jobs and WollyBi’s data on the vacancies published on the web for 2017 seem to give a further confirmation of this thesis. However, what are the factors that influenced the trend of the two previous years?
Looking back over the history of labour market reforms in Italy, we cannot forget that 2015 was the year of the application of the Jobs Act: the labour reform that provided for a series of concessions for permanent recruitment and introduced the permanent employment contract to increasing protections. If the contribution reductions were applied to all the assumptions with the legal requirements made from 1 January to 31 December 2015, the new rules on layoffs became operational only for the assumptions made starting from 7 March 2015, the month in which WollyBi reports the peak of new vacancies for this year.
Finally, the trend in the number of vacancies published on the web for 2016 is constantly increasing from January to May, month that has registered the peak of new vacancies posted on the web. The 2016 Stability Law introduced a new contribution reduction for permanent hiring during the year, but the operating instructions to use it were provided by INPS with circular no. 57 of 29 March 2016 and this delay could have determined a wait-and-see attitude on the part of companies in the first months of the year.
In conclusion, besides identifying the best time of the year to look for employment on the web, it is interesting to observe how the WollyBi data can capture the dynamics of the labour market, also determined by regulatory changes.