GlobalData’s Job Analytics Global Hiring Activity Trends & Signals Q2 2023 report offers a detailed study of job trends, trending geographies, technology themes, top recruiters, trending industries, signals, and new roles.
The Q2 2023 job market presents a mixed scenario. While global job postings declined 15% YoY, a lesser number of companies were laying off people in comparison to the previous quarter. Retail, Technology, and Communications sectors exhibited resilience, while Power, Healthcare, and Foodservice displayed YoY growth in new job postings. Middle East and Africa, and South and Central America experienced an increase in job postings. Countries with notable growth in new jobs include Japan, the Czech Republic, and Brazil. Key technology themes with most job postings include Big Data, Cloud, and Artificial Intelligence. The launch of Generative AI tools such as ChatGPT and Bard led to a substantial increase in AI-related job opportunities. E-commerce, Social Media, Edtech, and 3D Printing were other notable themes with higher job postings. A remarkable 106% YoY growth in roles with exposure to Enterprise Social Networking and Collaboration Platforms serves as an example supporting the adoption of these technologies. Other skills in demand include Office Productivity Applications, Application Lifecycle Management, Application Platforms and Containers, Business Intelligence, Data Discovery Tools, and Database Management.
A detailed understanding of the various trends and signals in Q2 2023
Key technology themes with most job postings include Big Data, Cloud, and Artificial Intelligence.
Cargill, Vestas, Citigroup, Marriott International, and IBM were among the top recruiters.
Industries with the most posted jobs include Retail, Healthcare, Technology, and Communications. Power, Healthcare, and Foodservice had higher YoY growth in job postings.
Company newly created initiatives examples such as Novo Nordisk AS - Develop CVD as a new disease area across SEEMEA (South-East Europe, Middle East & Africa) and Mars Inc - Deploy 5-Year online platforms strategy in Europe.
Some of the new roles/teams include GE Healthcare Technologies Inc - GE Healthcare AI Group…Clinical tasks automation and Walmart Inc - Walmart Commerce Technologies…easy commerce and fulfillment solutions for retailers.
The report summarizes key visible trends during Q2 2023 while also providing contextual analysis as well as key trends.
Key findings discussed in the report:
Key Stats by Region – Q2 2023: North American HQ companies posted 91% of jobs in North America; 4.2% in Asia Pacific; 3.6% in Europe; 0.6% in South & Central America and 0.6% in Middle East & Africa.
Trending Skills: Colocation Services had higher job postings in Q2 2023. Office Productivity Applications are featured in most job postings.
Layoffs: Over 330 companies announced layoffs in the quarter. This is, however, an improvement compared to over 670 companies announcing redundancies in Q1 2023.
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