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Upwork:Quarterly Results/2022 Q4: Difference between revisions
Upwork:Quarterly Results/2022 Q4 (view source)
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=== Analysis of [[Jobs posted on Upwork Platform]] as at February 11, 2023 === | === Analysis of [[Jobs posted on Upwork Platform]] as at February 11, 2023 === | ||
*Jobs posted on Upwork platform holds steady. As of February 11, 2023, the number of jobs posted on the platform were 199, 612. That may not be the highest recorded, but still more than the 163,369 at the beginning of Q4 2022. | *Jobs posted on Upwork platform holds steady. As of February 11, 2023, the number of jobs posted on the platform were 199, 612. That may not be the highest recorded, but still more than the 163,369 at the beginning of Q4 2022. | ||
*Contract-to-hire jobs stood at 47,014 as of February 11, 2023. | *Contract-to-hire jobs stood at 47,014 as of February 11, 2023. This is higher than the 31,527 recorded on November 19, 2022 (when we started tracking it). | ||
*Number of jobs that have no hires(new clients) is growing. At the beginning of Q4 2022, it were 58,183. As of February 11, 2023 , it stood at 84,564. Also, they account for the largest number of jobs posted(when compared to 1-9 jobs posted and 10+ hires), around 40%. This may imply that the company's marketing is paying off. It could also mean that the new clients are not satisfied with the applicants and are taking long to hire. | *Number of jobs that have no hires(new clients) is growing. At the beginning of Q4 2022, it were 58,183. As of February 11, 2023 , it stood at 84,564. Also, they account for the largest number of jobs posted(when compared to 1-9 jobs posted and 10+ hires), around 40%. This may imply that the company's marketing is paying off. It could also mean that the new clients are not satisfied with the applicants and are taking long to hire. | ||
*The need for intermediate-skilled talent is growing rapidly. Number of intermediate jobs grew from 87,464 at the beginning of Q4 2022 to 109,069(+25%) as at February 11, 2023. This is followed by expert jobs, which grew from 54,895 at the beginning of Q4 to 65,716(+20%) as at February 11, 2023. This may imply that high value clients are increasingly using the site. | *The need for intermediate-skilled talent is growing rapidly. Number of intermediate jobs grew from 87,464 at the beginning of Q4 2022 to 109,069(+25%) as at February 11, 2023. This is followed by expert jobs, which grew from 54,895 at the beginning of Q4 to 65,716(+20%) as at February 11, 2023. This may imply that high value clients are increasingly using the site. | ||
*As usual, majority of Open Jobs are temporary jobs(those with project length of less than one month), accounting for around 40%. | *As usual, majority of Open Jobs are temporary jobs(those with project length of less than one month), accounting for around 40%. | ||