The global power industry experienced a 5% drop in new job postings related to corporate governance in Q3 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to an 11% increase versus Q3 2022. GlobalData’s Power: Hiring Trends & Signals Q3 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.
Notably, Architecture and Engineering Occupations jobs accounted for a 13% share of the global power industry’s corporate governance-related total new job postings in Q3 2023, up 52% over the prior quarter.
Architecture and Engineering Occupations drive corporate governance-related hiring activity
Architecture and Engineering Occupations, with a share of 13%, emerged as the top corporate governance-related job roles within the power industry in Q3 2023, with new job postings rising by 52% quarter-on-quarter. Management Occupations came in second with a share of 12% in Q3 2023, with new job postings dropping by 14% over the previous quarter.
The other prominent corporate governance roles include Computer and Mathematical Occupations with a 9% share in Q3 2023, Business and Financial Operations Occupations with a 7% share of new job postings.
Top five companies in power industry accounted for 46% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2023 were Bechtel Power, Constellation Energy, Engie, Siemens, and PG&E. Together they accounted for a combined share of 46% of all corporate governance-related new jobs in the power industry.
Bechtel Power posted 1,698 corporate governance-related new jobs in Q3 2023, Constellation Energy 437 jobs, Engie 436 jobs, Siemens 415 jobs, and PG&E 397 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 75.82% share of total new job postings, Q3 2023
The largest share of corporate governance-related new job postings in the power industry in Q3 2023 was in the US with 75.82% followed by the UK (3.32%) and Australia (2.95%). The share represented by the US was 0 percentage points higher than the 75.77% share it accounted for in Q2 2023.
For further understanding of GlobalData's Power: Hiring Trends & Signals Q3 2023, buy the report here.