The Australian 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 Ventia Services Group with 782 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 16% share of the Australian construction industry new job postings in Q3 2023, down by 25% over the prior quarter.
Management Occupations drive construction industry hiring activity
Of the industry's total hiring activity, the highest number of new job postings were for Management Occupations, which accounted for 16% of the total new job postings in Q3 2023 and were down by 14% year-on-year. Second highest were Architecture and Engineering Occupations, which accounted for 11% and drop by 16% year-on-year, and third highest were Office and Administrative Support Occupations, which were 6% of the new job postings and 20% lower year-on-year.
Top five companies in construction industry accounted for 35% of hiring activity
The highest number of jobs were posted by Ventia Services Group with 782, followed by Fletcher Building with 631, while the highest increase was at Stockland at 54%.
For further understanding of GlobalData's Construction: Hiring Trends & Signals Q3 2023, buy the report here.