Global Hiring Activity Trends & Signals – Q3 2023

GlobalData’s Job Analytics Global Hiring Activity Trends & Signals – Q3 2023 report offers detailed study of job trends, trending geographies, technology themes, top recruiters, trending industries, signals and new roles. 

The Q3 2023 job market presents a mixed scenario. While global job postings declined 29.3% YoY and 400+ companies announced layoffs during the quarter. Healthcare, Retailing and Foodservice had an increased YoY share of global job postings. YoY share of global job postings improved for United Kingdom, Australia and Germany. United States, United Kingdom, Germany, India and Canada lead with most job postings in Q3 2023. The nuanced landscape is providing investment opportunities, especially in themes such as Big Data, Cloud and Artificial Intelligence. Social Media, Metaverse and Batteries were other notable themes with high job postings. Share of jobs looking for Enterprise Social Networking and Collaboration Platforms related skills increased YoY during the quarter. Other technical skills with more job postings include Product Lifecycle Management Applications; Colocation Services; Vertical-Specific and Packaged Applications and Customer Relationship Management Applications.

A detailed understanding of the various trends and signals in Q3 2023

Big Data, Cloud, and Artificial Intelligence emerged as prominent technology themes.

Cargill, Tesla, AECOM, Marriott International, and IBM were among the top recruiters.

YoY job postings share improved for healthcare, retailing, and food service.

Company newly created initiatives such as Diageo Plc - APAC Digital Hub Team in Singapore and Medtronic Plc - Digital Program Office.

Some of the new roles/teams include Lego AS - LEGO Group India and Emerging Asia Business within the APAC Market Group and Moderna Inc - Global Logistics Workstream in Moderna’s Resilience project manufacturing sites in Australia, Canada, and the UK.

The report summarizes key visible trends during Q3 2023 while also providing contextual analysis as well as key trends.

Key findings discussed in the report:

• Key Stats by Region – Q3 2023: North American HQ companies posted 90.9% of jobs in North America; 4.2% in Asia Pacific; 3.7% in Europe; 0.7% in South & Central America and 0.5% in Middle East & Africa.
• Trending Skills: Enterprise Social Networking and Collaboration Platforms YoY job postings share improved during the quarter.
• Layoffs: 400+ companies announced layoffs during the quarter.

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