A drop off in advertised vacancies has led to a rise of "job hugging", the trend of workers reducing their job searches and staying put in their current roles.
New data published by LinkedIn has highlighted the growing competition professionals face to secure a new job.
According to the research, in Ireland, job search intensity - the ratio of applications to applicants - fell by 3.9% year-on-year in October.
LinkedIn's data also shows that 37.3% of all job postings in Ireland in October offered hybrid working.
Ireland ties with the United Kingdom for the highest availability of hybrid across the Europe, Middle East and Africa (EMEA) region.
Ireland also ranks highly for fully remote positions, placing second in EMEA with 8.2% of all job postings offering the opportunity to work exclusively from home.
Applications for remote jobs made up almost one in five job applications.
"Internationally and in Ireland, we are seeing a trend where more workers are opting to stay in their current roles rather than actively seeking new opportunities," said LinkedIn Ireland Country Manager Cara O'Leary.
"This is down to a more competitive jobs market as companies advertise fewer roles.
"At the same time, Ireland continues to stand out as a leader in flexible work, with hybrid roles now accounting for more than one-third of all job postings.
"Remote opportunities also remain highly sought after, with Irish workers applying to them at even higher rates than the European average.
"Flexibility continues to be a key differentiator for companies seeking to attract and retain the best talent," Ms O'Leary said.
