The European consumer industry experienced a 12% drop in new job postings in Q4 2023 compared with the previous quarter, with the highest share accounted for by LVMH Moet Hennessy Louis Vuitton with 2,843 job postings, according to GlobalData’s analysis of consumer company job postings. GlobalData’s Consumer: Hiring Trends & Signals Q4 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the consumer industry, facilitating anticipation of future workforce needs. Buy the report here.
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Notably, Management Occupations jobs accounted for a 12% share of the European consumer industry’s total new job postings in Q4 2023, drop 1% over the prior quarter.
Management Occupations drive consumer industry hiring activity
Management Occupations, with a share of 12% new job postings, was the occupation with the greatest hiring activity in the European consumer industry in Q4 2023 , ahead of Business and Financial Operations Occupations with an 8% share of new job postings.
The other prominent roles included Office and Administrative Support Occupations with a 7% share in Q4 2023, Sales and Related Occupations with a 6% share and Computer and Mathematical Occupations with a 5% share of new job postings.
Top five companies accounted for 23% of hiring activity
LVMH Moet Hennessy Louis Vuitton posted 2,843 jobs in Q4 2023 and registered a growth of 19% over the previous quarter, followed by Nestle with 1,697 jobs and a 16% drop. Estee Lauder, with 1,411 jobs, and Compagnie Financiere Richemont, with 1,247 jobs, recorded a 3% rise and a 188% rise, respectively, while Mondelez International recorded a 138% increase with a 1,187 new job postings during Q4 2023.
Regional analysis of hiring in the European consumer industry, Q4 2023
France held the leading share of the European consumer hiring activity with a 21.43% share, a 2% increase over Q3 2023. Germany was next with 17.40%, four-percentage-point down over the previous quarter.
For further understanding of GlobalData's Consumer: Hiring Trends & Signals Q4 2023, buy the report here.
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GlobalData’s Jobs Analytics uses machine learning to uncover key insights from tracking daily job postings for thousands of companies globally. Proprietary analysis is used to group jobs into key thematic areas and granular sectors across the world’s largest industries. classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
