COMPANIES CONTINUE TO HIRE, BUT DEMAND FOR WORKERS SLOWS
More companies will expand their teams in the next six months, according to a survey by the Bulgarian Employment Confederation
According to a survey by the Bulgarian Confederation of Labour (BCL), companies in Bulgaria will continue to hire additional people over the next six months, despite weaker demand for labour. All sectors will need more people, but IT firms will see the strongest demand. Employers are finding it increasingly difficult to find employees with the skills they need.
The labour market is forecast to remain stable over the next six months, with more firms planning to hire than those planning to downsize. The survey shows that the IT sector is expected to see the strongest employment growth, but is down 4% on the previous period. The hospitality sector had the largest decline, but employment growth expectations exceeded those for a decline there as well. Sofia has the largest projected growth in new hires, but also the largest decline from the previous survey.
In general, employment expectations are better in the transport, financial services and public sectors, as well as in the extractive industries.
Employers in Bulgaria are facing difficulties in finding qualified employees, while at the same time they are less willing to meet workers’ expectations for pay and development opportunities, according to a survey by the Bulgarian Confederation of Employers and Industrialists (BCZ). This calls for companies to look at their mandatory skills requirements and be prepared to train their employees on the job.
Due to the mismatch between supply and demand for skilled workers, many employers consider hiring foreign workers as an opportunity. About 57% of employers are willing to hire foreign workers if the procedure is easier and faster. At the same time, more than 140 thousand unemployed are registered in the labour offices, which requires structural changes and a thorough understanding of the reasons for the inactivity of these people.
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