The European construction industry experienced a 19% rise in new job postings in Q1 2024 compared with the previous quarter, with the highest share accounted for by Vinci with 4,495 job postings, according to GlobalData’s analysis of construction company job postings. GlobalData’s Construction: Hiring Trends & Signals Q1 2024 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 an 11% share of the European construction industry’s total new job postings in Q1 2024, rise 4% over the prior quarter.
Management Occupations drive construction industry hiring activity
Management Occupations, with a share of 11% new job postings, was the occupation with the greatest hiring activity in the European construction industry in Q1 2024 , ahead of Architecture and Engineering Occupations with a 7% share of new job postings.
The other prominent roles included Computer and Mathematical Occupations with a 5% share in Q1 2024, Office and Administrative Support Occupations with a 4% share and Business and Financial Operations Occupations with a 4% share of new job postings.
Top five companies accounted for 23% of hiring activity
Vinci posted 4,495 jobs in Q1 2024 and registered a growth of 13% over the previous quarter, followed by Compagnie de Saint-Gobain with 3,521 jobs and a 59% growth. AECOM, with 2,689 jobs, and STRABAG, with 2,171 jobs, recorded a 12% drop and a 28% rise, respectively, while Eiffage recorded a 50% increase with a 1,699 new job postings during Q1 2024.
Regional analysis of hiring in the European construction industry, Q1 2024
The UK held the leading share of the European construction hiring activity with a 31.10% share, a 26% increase over Q4 2023. France was next with 19.21%, four-percentage-point up over the previous quarter.
For further understanding of GlobalData's Construction: Hiring Trends & Signals Q1 2024, buy the report here.
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