A survey conducted by employment expert Hayut Yogev shows that due to uncertainty following the election results, employers have paused further recruitment. The concern is that if another election cycle is announced, uncertainty in the job market is expected to grow, leading employers to defer business decisions.
According to data collected during the election month, the number of job vacancies in the market stood at 148,000 - an increase of 4,000 vacancies compared to the previous month.
The average time to find a job has increased to three months for in-demand tech roles, six to seven months for other positions, and six months to a year for senior executives.
Leading up to the October elections, uncertainty arose among employers, leading many companies to act with extreme caution regarding the opening of non-urgent new positions. However, in sectors experiencing a continuous labor shortage - such as healthcare and nursing, manufacturing, construction, transportation, and logistics - the election results are not expected to have an impact.
Hayut Yogev: "I am noticing a trend where more and more employers prefer to wait an extra month or two before deciding to hire new employees, especially if it involves growth plans or new investments. When there is no long-term stable government and no budget, it is harder for government ministries and businesses to advance plans."