The global power industry noticed a 7.7% drop in IT hiring activity in October 2022 over the previous month, led by Siemens 13.59% share, according to GlobalData’s Jobs Analytics database.

The power industry’s overall hiring activity declined 5.84% when compared with September 2022.

Noticeably, IT jobs accounted for an 8.69% share of the global power industry’s hiring activity in October 2022, down 0.03% over the last three-month average share.

According to GlobalData, IT job opportunities available at the end of October 2022 were 15.25% lower when compared with the previous month.

The decrease was a result of 33.28% higher job postings as compared to job closures during the month.

Software and Web Developers, Programmers, and Testers drive power IT hiring activity

Software and Web Developers, Programmers, and Testers with a share of 40.51% emerged as the top IT occupation in the power hiring activity in October 2022, a 26.87% decline over the previous month. Database and Network Administrators and Architects came in second with a share of 22.06% in October 2022, down 28.89% over the previous month.

The other prominent IT roles include Computer and Information Analysts with a 15.03% share in October 2022, a decline of 30.53% over the previous month, and Miscellaneous Computer Occupations with a 13.93% share in October 2022 and a rise of 1.38% over September 2022.

Top five power companies by recruitment activity in October 2022

The top five companies, in terms of number of jobs as tracked by GlobalData, accounted for a combined average decline of 12.57% share in the overall IT recruitment activity of global power industry during October 2022 over September 2022.

Siemens posted 358 IT jobs in October 2022 and registered a drop of 23.5% over the previous month, followed by Umicore with 142 jobs and a 17.36% growth. NextEra Energy with 128 IT jobs and Schneider Electric with 100 jobs, recorded a 3.76% decline and a 53.85% rise, respectively, while Stem recorded a 41.91% drop with 79 job postings during October 2022.

Regional composition of IT hiring in power industry

North America emerged as the leading region in the global power IT hiring activity in October 2022 with a 51.75% share, which marked a 28.34% drop over the previous month.

Europe stood next with 30.49%, registering a 22.27% month-on-month decline. Asia-Pacific was the third leading region with a 14.84% share and a 14.44% drop over September 2022.

In the fourth place was South & Central America with a share of 2.16% and a month-on-month rise of 46.15%. Middle East & Africa stood at the bottom of the table with a share of 0.76%, registering a 23.08% decrease over the previous month.