The global power industry experienced a 29% drop in new job postings related to digitalization in Q4 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 31% 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 16% share of the global power industry’s digitalization-related total new job postings in Q4 2023, down 28% over the prior quarter.
Management Occupations drive digitalization-related hiring activity
Management Occupations, with a share of 16%, emerged as the top digitalization-related job roles within the power industry in Q4 2023, with new job postings drop by 28% quarter-on-quarter. Computer and Mathematical Occupations came in second with a share of 15% in Q4 2023, with new job postings dropping by 26% over the previous quarter.
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The other prominent digitalization roles include Architecture and Engineering Occupations with a 12% share in Q4 2023, Business and Financial Operations Occupations with a 7% share of new job postings.
Top five companies in power industry accounted for 57% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q4 2023 were Schneider Electric, Siemens, Siemens Energy, AES, and Engie. Together they accounted for a combined share of 57% of all digitalization-related new jobs in the power industry.
Schneider Electric posted 1,834 digitalization-related new jobs in Q4 2023, Siemens 1,349 jobs, Siemens Energy 860 jobs, AES 187 jobs, and Engie 171 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 35.82% share of total new job postings, Q4 2023
The largest share of digitalization-related new job postings in the power industry in Q4 2023 was in the US with 35.82% followed by India (8.47%) and Germany (7.62%). The share represented by the US was one percentage point lower than the 36.49% 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’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.
