Reassuring Recovery of Croatian Job Market?

Lauren Simmonds

Good news for the labour market?

As Poslovni Dnevnik writes on the 5th of January, 2018, there was a noticeable drop in the number of advertisements offering professional training last year. To be more specific, all advertisements dropped by 6 percent in 2016, and then again by 4 percent in 2017.

The OVI (online vacancy index) grew by 33 percent in comparison to 2016, indicating a strong recovery in demand for labour, the Economics Institute of Zagreb (EIZ) announced on Friday.

“Compared to pre-crisis 2007, the total number of online ads in 2017 was 14 percent higher, suggesting that demand in the Croatian labour market is higher than it was during the best years before the crisis,” the EIZ stated.

“This speaks of (confirms) of stable growth of the Croatian economy and favourable business sector expectations for the upcoming period, given that employers are increasingly prepared to employ workers on a permanent basis, which wasn’t the case during the crisis,” the EIZ said.

Last year, the greatest demand for labour, just as it was in the year before that, was for professions such as retailers, waiters/waitresses, chefs, drivers and programmers.

In addition to the steady growth in demand for medium-term employees, the demand for unqualified (NCE) workers increased by 56 percent and semi-skilled (FVC) workers increased by 130 percent last year, while the demand for employees with higher education increased by less than 4 percent in comparison to 2016.

“Obviously, there’s a growing demand for lower-skilled workers, the most sought after professions and the required level of education show that,” concludes the EIZ’s statement.

The OVI is the monthly online index of vacancies, developed at the Economic Institute in cooperation with the popular job search website MojPosao (MyJob), with the purpose of providing timely information on the current state of demand for work.

The OVI index is made by simply counting the number of unique new ads whose deadlines will end in the month within which the index is calculated. Since the ads are published across only one portal, the number of ads is expressed as an index (the base year is 2015).


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