The global power industry experienced a 27% drop in new job postings related to social responsibility 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 social responsibility-related total new job postings in Q4 2023, down 15% over the prior quarter.
Management Occupations drive social responsibility-related hiring activity
Management Occupations, with a share of 15%, emerged as the top social responsibility-related job roles within the power industry in Q4 2023, with new job postings drop by 15% quarter-on-quarter. Architecture and Engineering Occupations came in second with a share of 10% in Q4 2023, with new job postings dropping by 12% over the previous quarter.
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The other prominent social responsibility roles include Installation, Maintenance, and Repair Occupations with an 8% share in Q4 2023, Computer and Mathematical Occupations with a 7% share of new job postings.
Top five companies in power industry accounted for 23% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q4 2023 were Sunrun, Siemens, Schneider Electric, ERM Group, and Entergy. Together they accounted for a combined share of 23% of all social responsibility-related new jobs in the power industry.
Sunrun posted 728 social responsibility-related new jobs in Q4 2023, Siemens 706 jobs, Schneider Electric 547 jobs, ERM Group 429 jobs, and Entergy 333 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 56.75% share of total new job postings, Q4 2023
The largest share of social responsibility-related new job postings in the power industry in Q4 2023 was in the US with 56.75% followed by the UK (12.31%) and Canada (5.94%). The share represented by the US was three percentage points lower than the 59.53% 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.
