The global construction industry experienced a 9% drop in new job postings in Q2 2023 compared with the previous quarter, with the highest share accounted for by CDM Smith with 17,763 job postings according to GlobalData’s analysis of construction company job postings. GlobalData’s Construction Market Size Analysis report provides a top-level overview and detailed market, category and company-specific insights on the global construction market. Buy the report here.
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Notably, Management Occupations jobs accounted for a 14% share of the global construction industry’s new job postings in Q2 2023, down 5% over the prior quarter.
Management Occupations drive construction hiring activity
Management Occupations, with a share of 14%, was the occupation with the greatest hiring activity in the global construction industry in Q2 2023, ahead of Architecture and Engineering Occupations with an 11% share of job postings.
The other prominent roles include Installation, Maintenance, and Repair Occupations with a 6% share in Q2 2023, Office and Administrative Support Occupations with a 17% share and Construction and Extraction Occupations with a 5% share of new job postings.
Top five companies in construction industry accounted for 19% of hiring activity
The top five companies, in terms of number of new job postings tracked by GlobalData, accounted for a combined 19% share of the overall hiring activity in the global construction industry in Q2 2023.
CDM Smith posted 17,763 jobs in Q2 2023 and registered a growth of 19% over the previous quarter, followed by Black & Veatch with 13,531 jobs and a 54% decline. Vinci with 10,864 jobs and Jones Lang LaSalle with 8,373 jobs, recorded a 71% growth and a 13% rise, respectively, while Honeywell International recorded a 22% rise with 7,069 job postings during Q2 2023.
Hiring activity was driven by North America with a 66% share of total new job postings, Q2 2023
North America held the leading share of the new job postings in the global construction industry with a 66% share, a 1% lower over Q1 2023. Europe stood next with 20%, registering a 10% decline over the previous quarter.
Asia-Pacific with a 12% share marked a 0.21% drop over Q1 2023. The Middle East & Africa and South & Central America accounted for shares of 7% and 6% respectively.
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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.
