6,294
edits
Upwork:Quarterly Results/2022 Q4: Difference between revisions
Upwork:Quarterly Results/2022 Q4 (view source)
Revision as of 14:24, 14 February 2023
, 14 February 2023→February 13, 2023, Upwork Expands to Support Full-Time Hiring[3]
No edit summary |
|||
| Line 48: | Line 48: | ||
=== February 13, 2023, Upwork Expands to Support Full-Time Hiring<ref>https://investors.upwork.com/news-releases/news-release-details/upwork-expands-support-full-time-hiring-further-unlocking-worlds</ref> === | === February 13, 2023, Upwork Expands to Support Full-Time Hiring<ref>https://investors.upwork.com/news-releases/news-release-details/upwork-expands-support-full-time-hiring-further-unlocking-worlds</ref> === | ||
Upwork has come up with end-to-end features aimed at facilitating finding, vetting, hiring, and paying full-time global talent. | Upwork has come up with end-to-end features aimed at facilitating finding, vetting, hiring, and paying full-time global talent. The company is likely following in the footsteps of Deel as indicated summarized here:[[Upwork Versus Deel Full-time hiring]] | ||
=== | === January 18, 2023, Upwork Unveils Most In-Demand Skills for Independent Professionals in 2023<ref>https://www.upwork.com/press/releases/upwork-unveils-most-in-demand-skills-for-independent-professionals-in-2023</ref>=== | ||
* Upwork's study | *Upwork's study reveals that sales & business development (54%), data entry (47%), accounting (45%), and 3D animation (44%) are the most in-demand skills in 2023. | ||
=== December | ===December 13, 2022, Upwork Study Finds 60 Million Americans Freelancing in 2022<ref>https://www.upwork.com/press/releases/freelance-forward-upwork-study-finds-60-million-americans-freelancing-in-2022</ref>=== | ||
* | *Upwork's study found that 60 million Americans performed freelance work in the past 12 months, representing 39% of the entire U.S. workforce(up from 36% in 2021). | ||
== Analysis of [[Jobs posted on Upwork Platform]] as at February 11, 2023 == | ===December 23, 2022, US Businesses Shift to Contract Workers<ref>https://www.ft.com/content/53329655-74b3-4820-a5f9-37ae39ad6d7d</ref>=== | ||
*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. | *LinkedIn data indicates that US businesses are increasingly hiring contract workers as recession fears grow. Contract job positions posted on the platform between May and November 2022 rose by 26% compared to the same period in 2021. | ||
==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. | |||
*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). This shows that the full-time hiring features which were recently launched by the company is getting the attention of clients. | *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). This shows that the full-time hiring features which were recently launched by the company is getting the attention of clients. | ||
*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%. | ||
== Competitor Expectations and Results == | ==Competitor Expectations and Results== | ||
[[Fiverr:Quarterly Results/2022 Q4]]<references /> | [[Fiverr:Quarterly Results/2022 Q4]]<references /> | ||