Hiring Trends & Signals Quarterly Report Q3 2021
GlobalData’s Hiring Trends & Signals Quarterly Report Q3 2021 report highlights on the various hiring trends, key recruiters, trending technology themes and trending skills, among others.
Hiring in Q3 2021 jumps with over 5.3 million job closures and another 3.7 million jobs open for application. Hiring in Q3 2021 was more pronounced as compared to other quarters in 2021, as companies continued to post and close jobs. Trends show that companies are returning to pre-COVID operations and are trying to offset impacts with increased job postings. US Job trend shows strong correlation to the S&P 500 index fluctuations.
Markets such as India, United Kingdom, South Africa and Brazil lead the hiring activity with active jobs index far surpassing the pre-COVID-19 levels. Sectors most impacted during the COVID-19 pandemic such as Travel & Tourism have seen hiring increase in 2021. Banking and Insurance industry jobs also increased. Foodservice and Retail industries, among the most active industries during the pandemic, continue to hire at rates generally below the ‘All Sectors’ average in 2021.
View a comprehensive outlook on the hiring trends:
- Jobs offering sign-on bonus have been increasing at a massive pace never seen before. Increased competition for attracting talent amidst supply crunch is pushing companies to go the extra mile and there is surge in companies providing incentives to join
- Remote work is becoming a new normal in 2021 as job postings with ‘remote work’ mentions continue to grow exponentially
- North America continues to post solid growth in job postings in Q3 2021 along with APAC
- Job postings in the US were around 4 million during Q3 2021 and the holiday season is expected to further drive demand for certain sectors like Retail, Travel & Tourism
- Themes with high growth rates in Q3 2021 include Industrial Automation, Digitalization, Mobile, Virtual and Augmented Reality, Quantum Computing, and Advanced Materials
Recent technology trends:
- The United States had over 4 million posted jobs in Q3 2021 with a QoQ growth of over 16%. Holiday season is expected to further increase hiring in sectors such as Retail, Travel & Tourism
Occupations in demand:
- Sales, management, computer/IT, office and administrative support, and transportation related roles had most jobs open for application
- With economies opening up and businesses trying to commence normal operations, roles related to education, personal care, building cleaning, protective services, maintenance and repair have experienced growth
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