The global power industry experienced a 26% drop in new job postings in Q3 2023 compared with the previous quarter, with the highest share accounted for by Siemens with 11,356 job postings according to GlobalData’s analysis of power company job postings. GlobalData’s Power: Hiring Trends & Signals Q3 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 10% share of the global power industry’s new job postings in Q3 2023, down 25% over the prior quarter.
Management Occupations drive power industry hiring activity
Management Occupations, with a share of 10%, was the occupation with the greatest hiring activity in the global power industry in Q3 2023, ahead of Architecture and Engineering Occupations with an 8% share of job postings.
The other prominent roles include Computer and Mathematical Occupations with a 7% share in Q3 2023, Installation, Maintenance, and Repair Occupations with a 40% share and Office and Administrative Support Occupations with a 5% share of new job postings.
Top five companies in power industry accounted for 30% of hiring activity
The top five companies, in terms of number of new job postings tracked by GlobalData, accounted for a combined 30% share of the overall hiring activity in the global power industry in Q3 2023.
Siemens posted 11,356 jobs in Q3 2023 and registered a drop of 27% over the previous quarter, followed by Engie with 6,741 jobs and a 2% decline. Amentum Services with 4,095 jobs and Schneider Electric with 2,455 jobs, recorded a 54% decline and a 41% drop, respectively, while Siemens Energy recorded a 7% drop with 1,972 job postings during Q3 2023.
Hiring activity was driven by North America with a 48% share of total new job postings, Q3 2023
North America held the leading share of the new job postings in the global power industry with a 48% share, a 5% lower over Q2 2023. Europe stood next with 34%, registering a 21% decline over the previous quarter.
Asia-Pacific with an 11% share marked a 11% drop over Q2 2023. The South & Central America and Middle East & Africa accounted for shares of 8% and 25% respectively.
For further understanding of GlobalData's Power: Hiring Trends & Signals Q3 2023, buy the report here.
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