The Asia-Pacific construction industry experienced a 20% drop in new job postings in Q3 2023 compared with the previous quarter, with the highest share accounted for by Jones Lang LaSalle with 2,943 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.
Notably, Management Occupations jobs accounted for a 15% share of the Asia-Pacific construction industry’s total new job postings in Q3 2023, drop 29% over the prior quarter.
Management Occupations drive construction industry hiring activity
Management Occupations, with a share of 15% new job postings, was the occupation with the greatest hiring activity in the Asia-Pacific construction industry in Q3 2023 , ahead of Architecture and Engineering Occupations with a 13% share of new job postings.
The other prominent roles included Computer and Mathematical Occupations with a 9% share in Q3 2023, Business and Financial Operations Occupations with a 7% share and Office and Administrative Support Occupations with a 6% share of new job postings.
Top five companies accounted for 28% of hiring activity
Jones Lang LaSalle posted 2,943 jobs in Q3 2023 and registered a decline of 15% over the previous quarter, followed by AECOM with 1,505 jobs and a 114% growth. Honeywell International, with 1,094 jobs, and CBRE Group, with 1,012 jobs, recorded a 45% drop and a 17% rise, respectively, while ABB recorded a 33% increase with a 988 new job postings during Q3 2023.
Regional analysis of hiring in the Asia-Pacific construction industry, Q3 2023
Australia held the leading share of the Asia-Pacific construction hiring activity with a 27.71% share, a 17% decrease over Q2 2023. India was next with 26.35%, four-percentage-point down over the previous quarter.
For further understanding of GlobalData's Construction: Hiring Trends & Signals Q3 2023, buy the report here.