The global power industry experienced a 23% drop in new job postings related to smart grid in Q4 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 45% 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, Computer and Mathematical Occupations jobs accounted for a 14% share of the global power industry’s smart grid-related total new job postings in Q4 2023, down 40% over the prior quarter.
Computer and Mathematical Occupations drive smart grid-related hiring activity
Computer and Mathematical Occupations, with a share of 14%, emerged as the top smart grid-related job roles within the power industry in Q4 2023, with new job postings drop by 40% quarter-on-quarter. Architecture and Engineering Occupations came in second with a share of 10% in Q4 2023, with new job postings rising by 3% over the previous quarter.
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The other prominent smart grid roles include Management Occupations with a 10% share in Q4 2023, Installation, Maintenance, and Repair Occupations with a 4% share of new job postings.
Top five companies in power industry accounted for 43% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q4 2023 were Electricite de France, Romande Energie Holding, EnBW Energie Baden-Wurttemberg, Tauron Polska Energia, and Vector. Together they accounted for a combined share of 43% of all smart grid-related new jobs in the power industry.
Electricite de France posted 80 smart grid-related new jobs in Q4 2023, Romande Energie Holding 60 jobs, EnBW Energie Baden-Wurttemberg 48 jobs, Tauron Polska Energia 39 jobs, and Vector 32 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 30.23% share of total new job postings, Q4 2023
The largest share of smart grid-related new job postings in the power industry in Q4 2023 was in the US with 30.23% followed by France (13.46%) and Germany (9.97%). The share represented by the US was three percentage points lower than the 33.38% 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.
