The global power industry experienced a 29% drop in new job postings related to corporate governance in Q4 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 33% decrease versus Q4 2022. GlobalData’s Power: Hiring Trends & Signals Q4 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the power industry, facilitating anticipation of future workforce needs. Buy the report here.
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Notably, Management Occupations jobs accounted for a 15% share of the global power industry’s corporate governance-related total new job postings in Q4 2023, down 14% over the prior quarter.
Management Occupations drive corporate governance-related hiring activity
Management Occupations, with a share of 15%, emerged as the top corporate governance-related job roles within the power industry in Q4 2023, with new job postings drop by 14% quarter-on-quarter. Computer and Mathematical Occupations came in second with a share of 11% in Q4 2023, with new job postings dropping by 26% over the previous quarter.
The other prominent corporate governance roles include Business and Financial Operations Occupations with a 10% share in Q4 2023, Architecture and Engineering Occupations with a 8% share of new job postings.
Top five companies in power industry accounted for 34% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q4 2023 were ERM Group, Xcel Energy, PG&E, Siemens, and Constellation Energy. Together they accounted for a combined share of 34% of all corporate governance-related new jobs in the power industry.
ERM Group posted 429 corporate governance-related new jobs in Q4 2023, Xcel Energy 380 jobs, PG&E 276 jobs, Siemens 216 jobs, and Constellation Energy 204 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 67.21% share of total new job postings, Q4 2023
The largest share of corporate governance-related new job postings in the power industry in Q4 2023 was in the US with 67.21% followed by the UK (4.34%) and India (4.03%). The share represented by the US was seven percentage points lower than the 73.91% share it accounted for in Q3 2023.
For further understanding of GlobalData's Power: Hiring Trends & Signals Q4 2023, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Jobs Analytics uses machine learning to uncover key insights from tracking daily job postings for thousands of companies globally. Proprietary analysis is used to group jobs into key thematic areas and granular sectors across the world’s largest industries. classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
