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Upwork:Quarterly Results/2022 Q4: Difference between revisions
Upwork:Quarterly Results/2022 Q4 (view source)
Revision as of 14:31, 15 February 2023
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*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. Entry level jobs grew from 20,990 to 24,716(+18%) 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%. | ||