The global power industry experienced a 25% drop in new job postings in Q4 2023 compared with the previous quarter, with the highest share accounted for by Siemens with 4,903 job postings according to GlobalData’s analysis of power company job postings. 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 10% share of the global power industry’s new job postings in Q4 2023, down 20% over the prior quarter.
Management Occupations drive power industry hiring activity
Management Occupations, with a share of 10%, was the occupation with the greatest hiring activity in the global power industry in Q4 2023, ahead of Architecture and Engineering Occupations with a 10% share of job postings.
The other prominent roles include Computer and Mathematical Occupations with an 8% share in Q4 2023, Installation, Maintenance, and Repair Occupations with a 24% share and Business and Financial Operations Occupations with a 6% share of new job postings.
Top five companies in power industry accounted for 22% of hiring activity
The top five companies, in terms of number of new job postings tracked by GlobalData, accounted for a combined 22% share of the overall hiring activity in the global power industry in Q4 2023.
Siemens posted 4,903 jobs in Q4 2023 and registered a drop of 57% over the previous quarter, followed by Schneider Electric with 3,707 jobs and a 51% growth. Engie with 2,472 jobs and Siemens Energy with 2,457 jobs, recorded a 64% decline and a 25% rise, respectively, while Electricite de France recorded a 55% rise with 2,137 job postings during Q4 2023.
Hiring activity was driven by North America with a 47% share of total new job postings, Q4 2023
North America held the leading share of the new job postings in the global power industry with a 47% share, a 2% lower over Q3 2023. Europe stood next with 32%, registering a 31% decline over the previous quarter.
Asia-Pacific with a 14% share marked a 4% drop over Q3 2023. The South & Central America and Middle East & Africa accounted for shares of 3% and 42% respectively.
For further understanding of GlobalData's Power: Hiring Trends & Signals Q4 2023, buy the report here.
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