The global construction industry experienced a 32% drop in new job postings related to cloud in Q3 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 44% decrease versus Q3 2022. GlobalData’s Construction: Hiring Trends & Signals Q3 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the construction industry, facilitating anticipation of future workforce needs. Buy the report here.
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Notably, Computer and Mathematical Occupations jobs accounted for a 34% share of the global construction industry’s cloud-related total new job postings in Q3 2023, down 26% over the prior quarter.
Computer and Mathematical Occupations drive cloud-related hiring activity
Computer and Mathematical Occupations, with a share of 34%, emerged as the top cloud-related job roles within the construction industry in Q3 2023, with new job postings drop by 26% quarter-on-quarter. Management Occupations came in second with a share of 13% in Q3 2023, with new job postings dropping by 10% over the previous quarter.
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The other prominent cloud roles include Architecture and Engineering Occupations with a 7% share in Q3 2023, Business and Financial Operations Occupations with a 4% share of new job postings.
Top five companies in construction industry accounted for 26% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2023 were Vinci, Honeywell International, CBRE Group, SmithGroup, and AECOM. Together they accounted for a combined share of 26% of all cloud-related new jobs in the construction industry.
Vinci posted 476 cloud-related new jobs in Q3 2023, Honeywell International 344 jobs, CBRE Group 193 jobs, SmithGroup 169 jobs, and AECOM 154 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 47.07% share of total new job postings, Q3 2023
The largest share of cloud-related new job postings in the construction industry in Q3 2023 was in the US with 47.07% followed by India (10.25%) and Germany (8.58%). The share represented by the US was ten percentage points lower than the 56.57% share it accounted for in Q2 2023.
For further understanding of GlobalData's Construction: Hiring Trends & Signals Q3 2023, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
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.
