The Asia-Pacific consumer industry experienced an 11% drop in new job postings in Q2 2023 compared with the previous quarter, with the highest share accounted for by ASICS with 2,859 job postings, according to GlobalData’s analysis of consumer company job postings. GlobalData’s Key Consumer Trends to Watch in 2023 report provides a comprehensive analysis of the most impactful consumer trends expected to shape the market in the coming year. The report covers key trends such as the value-for-money mindset, health in focus, consumers in control, and the new normal in Buy the report here.
Notably, Management Occupations jobs accounted for a 15% share of the Asia-Pacific consumer industry’s total new job postings in Q2 2023, drop 14% over the prior quarter.
Management Occupations drive consumer hiring activity
Management Occupations, with a share of 15% new job postings, was the occupation with the greatest hiring activity in the Asia-Pacific consumer industry in Q2 2023 , ahead of Sales and Related Occupations with a 15% share of new job postings.
The other prominent roles included Business and Financial Operations Occupations with a 7% share in Q2 2023, Computer and Mathematical Occupations with a 6% share and Office and Administrative Support Occupations with a 5% share of new job postings.
Top five companies accounted for 26% of hiring activity
ASICS posted 2,859 jobs in Q2 2023 and registered a decline of 13% over the previous quarter, followed by Compagnie Financiere Richemont with 982 jobs and an 8% drop. Unilever, with 802 jobs, and Inghams Group, with 688 jobs, recorded a 13% drop and a 211% rise, respectively, while LVMH Moet Hennessy Louis Vuitton recorded a 5% increase with a 622 new job postings during Q2 2023.
Regional analysis of hiring in the Asia-Pacific consumer industry, Q2 2023
India held the leading share of the Asia-Pacific consumer hiring activity with a 23.58% share, a 14% decrease over Q1 2023. Japan was next with 15.79%, four-percentage-point down over the previous quarter.
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