The global construction industry experienced a 17% drop in new job postings in Q3 2023 compared with the previous quarter, with the highest share accounted for by AECOM with 9,741 job postings according to GlobalData’s analysis of construction company job postings. 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, Management Occupations jobs accounted for a 15% share of the global construction industry’s new job postings in Q3 2023, down 18% over the prior quarter.
Management Occupations drive construction industry hiring activity
Management Occupations, with a share of 15%, was the occupation with the greatest hiring activity in the global construction industry in Q3 2023, ahead of Architecture and Engineering Occupations with an 11% share of job postings.
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The other prominent roles include Installation, Maintenance, and Repair Occupations with a 6% share in Q3 2023, Office and Administrative Support Occupations with a 23% share and Construction and Extraction Occupations with a 5% share of new job postings.
Top five companies in construction industry accounted for 15% of hiring activity
The top five companies, in terms of number of new job postings tracked by GlobalData, accounted for a combined 15% share of the overall hiring activity in the global construction industry in Q3 2023.
AECOM posted 9,741 jobs in Q3 2023 and registered a growth of 122% over the previous quarter, followed by Jones Lang LaSalle with 7,537 jobs and a 14% decline. Vinci with 7,414 jobs and CDM Smith with 6,084 jobs, recorded a 33% decline and a 67% drop, respectively, while Public Storage recorded a 10% rise with 5,205 job postings during Q3 2023.
Hiring activity was driven by North America with an 63% share of total new job postings, Q3 2023
North America held the leading share of the new job postings in the global construction industry with an 63% share, 0.49% lower over Q2 2023. Europe stood next with 22%, registering a 17% decline over the previous quarter.
Asia-Pacific with an 11% share marked a 20% drop over Q2 2023. The Middle East & Africa and South & Central America accounted for shares of 10% and 3% respectively.
For further understanding of GlobalData's Construction: Hiring Trends & Signals Q3 2023, buy the report here.
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