The global consumer industry experienced a 21% drop in new job postings in Q1 2023 compared with the previous quarter, with the highest share accounted for by Petco Health and Wellness with 9,490 job postings according to GlobalData’s analysis of consumer company job postings. Buy the report here.
Notably, Management Occupations jobs accounted for a 13% share of the global consumer industry’s new job postings in Q1 2023, down 37% over the prior quarter.
Management Occupations drive consumer hiring activity
Management Occupations, with a share of 13%, was the occupation with the greatest hiring activity in the global consumer industry in Q1 2023, ahead of Sales and Related Occupations with an 8% share of job postings.
The other prominent roles include Office and Administrative Support Occupations with a 6% share in Q1 2023, Production Occupations with a 50% share and Business and Financial Operations Occupations with a 5% share of new job postings.
Top five companies in consumer industry accounted for 16% of hiring activity
The top five companies, in terms of number of new job postings tracked by GlobalData, accounted for a combined 16% share of the overall hiring activity in the global consumer industry in Q1 2023.
Petco Health and Wellness posted 9,490 jobs in Q1 2023 and registered a growth of 164% over the previous quarter, followed by LVMH Moet Hennessy Louis Vuitton with 7,809 jobs and a 64% growth. Estee Lauder with 7,694 jobs and Ros Agro with 6,690 jobs, recorded a 158% growth and a 128% rise, respectively, while J. R. Simplot recorded a 9% rise with 6,303 job postings during Q1 2023.
Hiring activity was driven by North America with a 61% share of total new job postings, Q1 2023
North America held the leading share of the new job postings in the global consumer industry with a 61% share, a 6% lower over Q4 2022. Europe stood next with 24%, registering 0.02% decline over the previous quarter.
Asia-Pacific with a 10% share marked a 17% drop over Q4 2022. The South & Central America and Middle East & Africa accounted for shares of 10% and 19% respectively.