Global Hiring Report 2021 - Signals & Trends
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Global hiring increased in 2021, and hybrid/remote work/work-from-home (WFH) have become more common
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Technology, retail, and pharma saw a significant increase in job postings, while travel and tourism, and banking and payments emerged as high-growth sectors
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Companies are looking at automation with more jobs for themes such as digitalization, blockchain, and industrial automation
Global Hiring Report 2021 - Signals & Trends
The report identifies jobs as a lead indicator for financial markets, supported by the strong correlation between active job trends and official country employment data. The US emerged as a significant country with the most active jobs in 2021. The UK and India were two other trending countries in terms of higher number of active jobs and job growth rates compared to that of the previous year.
Job postings increased as a result of growing automation and new roles. Focus areas such as digitalization, ESG, and direct-to-consumer (DTC) strategies seem to be creating new jobs. However, companies took more time to close a position. Another important trend that emerged was hybrid/remote work/WFH work options. Companies were offering incentives such as sign-on bonuses to attract new talent.
Companies stepped up leadership hiring across sectors. Chief Technology Officer (CTO) jobs were prominent in banking and payments, aerospace and defense, insurance, and retail sectors. New job titles such as "Deals Forensic Services - Carbon Markets Director" are projected to spur investment and create new job openings in the ESG domain. Chief Data Officer (CDO) listings are expected to assist companies in deriving value from data around signals and future initiatives.
Access the full report here.
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