The global consumer industry experienced a 9% drop in new job postings related to future of work in Q1 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 16% decrease versus Q1 2022. GlobalData’s Future of Work – Thematic Research report explains how the theme future of work is impacting the workforce across different sectors, it presents key technology, macroeconomic and regulatory trends, market size and growth forecasts for technologies that will play a key role in the theme. Buy the report here.
Notably, Management Occupations jobs accounted for a 10% share of the global consumer industry’s future of work-related total new job postings in Q1 2023, down 8% over the prior quarter.
Management Occupations drive future of work-related hiring activity
Management Occupations, with a share of 10%, emerged as the top future of work-related job roles within the consumer industry in Q1 2023, with new job postings drop by 8% quarter-on-quarter. Installation, Maintenance, and Repair Occupations came in second with a share of 10% in Q1 2023, with new job postings dropping by 0.64% over the previous quarter.
The other prominent future of work roles include Computer and Mathematical Occupations with a 9% share in Q1 2023, Production Occupations with a 8% share of new job postings.
Top five companies in consumer industry accounted for 17% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q1 2023 were Rich Products, International Flavors & Fragrances, J. R. Simplot, Colgate-Palmolive, and PepsiCo. Together they accounted for a combined share of 17% of all future of work-related new jobs in the consumer industry.
Rich Products posted 829 future of work-related new jobs in Q1 2023, International Flavors & Fragrances 545 jobs, J. R. Simplot 374 jobs, Colgate-Palmolive 349 jobs, and PepsiCo 310 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 66.43% share of total new job postings, Q1 2023
The largest share of future of work-related new job postings in the consumer industry in Q1 2023 was in the US with 66.43% followed by India (4.39%) and Canada (2.80%). The share represented by the US was three percentage points higher than the 63.42% share it accounted for in Q4 2022.
For further understanding of GlobalData's Future of Work – Thematic Research buy the report here.