The Asia-Pacific construction industry experienced a 17% drop in new job postings in Q1 2023 compared with the previous quarter, with the highest share accounted for by Jones Lang LaSalle with 2,845 job postings, according to GlobalData’s analysis of construction company job postings. GlobalData’s South-East Asia Infrastructure Construction Market report provides detailed analysis as well as historical figures and forecasts of revenue of market share by sectors and countries. It includes comprehensive insights into output values and project pipelines in the South-East Asian infrastructure construct 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 Q1 2023, drop 8% over the prior quarter.
Management Occupations drive construction 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 Q1 2023 , ahead of Architecture and Engineering Occupations with a 10% share of new job postings.
The other prominent roles included Computer and Mathematical Occupations with an 8% share in Q1 2023, Office and Administrative Support Occupations with a 6% share and Business and Financial Operations Occupations with a 5% share of new job postings.
Top five companies accounted for 23% of hiring activity
Jones Lang LaSalle posted 2,845 jobs in Q1 2023 and registered a decline of 14% over the previous quarter, followed by Honeywell International with 1,601 jobs and an 8% drop. CBRE Group, with 1,402 jobs, and Eaton, with 1,260 jobs, recorded a 203% rise and a 115% rise, respectively, while Johnson Controls International recorded a 62% decline with a 1,243 new job postings during Q1 2023.
Regional analysis of hiring in the Asia-Pacific construction industry, Q1 2023
India held the leading share of the Asia-Pacific construction hiring activity with a 40.13% share, a 14% decrease over Q4 2022. Australia was next with 21.91%, four-percentage-point down over the previous quarter.
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