The global construction industry experienced a 12% drop in new job postings related to corporate governance in Q1 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 13% increase versus Q1 2022. Corporate Governance is a priority in most of the industries today including Construction. GlobalData’s ESG (Environmental, Social, and Governance) Top Trends by Sector – Thematic Research report assesses the impact of ESG by identifying key trends, company filings, and hiring pattern across 16 key sectors. Buy the report here.
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Notably, Management Occupations jobs accounted for a 17% share of the global construction industry’s corporate governance-related total new job postings in Q1 2023, down 34% over the prior quarter.
Management Occupations drive corporate governance-related hiring activity
Management Occupations, with a share of 17%, emerged as the top corporate governance-related job roles within the construction industry in Q1 2023, with new job postings drop by 34% quarter-on-quarter. Architecture and Engineering Occupations came in second with a share of 11% in Q1 2023, with new job postings dropping by 7% over the previous quarter.
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The other prominent corporate governance roles include Computer and Mathematical Occupations with a 7% share in Q1 2023, Installation, Maintenance, and Repair Occupations with a 7% share of new job postings.
Top five companies in construction industry accounted for 30% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q1 2023 were KBR, Arup Group, Black & Veatch, Cushman & Wakefield, and Eaton. Together they accounted for a combined share of 30% of all corporate governance-related new jobs in the construction industry.
KBR posted 2,174 corporate governance-related new jobs in Q1 2023, Arup Group 998 jobs, Black & Veatch 883 jobs, Cushman & Wakefield 805 jobs, and Eaton 764 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 63.40% share of total new job postings, Q1 2023
The largest share of corporate governance-related new job postings in the construction industry in Q1 2023 was in the US with 63.40% followed by the UK (6.85%) and Australia (5.42%). The share represented by the US was four percentage points lower than the 67.41% share it accounted for in Q4 2022.
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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.
