The European 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 Vinci with 5,366 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 12% share of the European construction industry’s total new job postings in Q3 2023, drop 21% over the prior quarter.
Management Occupations drive construction industry hiring activity
Management Occupations, with a share of 12% new job postings, was the occupation with the greatest hiring activity in the European construction industry in Q3 2023 , ahead of Architecture and Engineering Occupations with a 9% share of new job postings.
The other prominent roles included Computer and Mathematical Occupations with a 5% share in Q3 2023, 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 25% of hiring activity
Vinci posted 5,366 jobs in Q3 2023 and registered a decline of 32% over the previous quarter, followed by Kier Group with 2,789 jobs and a 20% drop. AECOM, with 2,323 jobs, and AFRY, with 1,690 jobs, recorded a 157% rise and a 16% drop, respectively, while Compagnie de Saint-Gobain recorded a 25% decline with a 1,645 new job postings during Q3 2023.
Regional analysis of hiring in the European construction industry, Q3 2023
The UK held the leading share of the European construction hiring activity with a 34.93% share, an 8% decrease over Q2 2023. Germany was next with 20.03%, four-percentage-point down over the previous quarter.
For further understanding of GlobalData's Construction: Hiring Trends & Signals Q3 2023, buy the report here.