The German construction industry experienced a 30% drop in new job postings in Q1 2023 compared with the previous quarter, with the highest share accounted for by Vinci with 776 job postings according to GlobalData’s analysis of construction company job postings. GlobalData’s Germany Construction Market Analysis report provides a top-level overview and detailed market, category and company-specific insights on the Germany construction industry. Buy the report here.
Notably, Management Occupations jobs accounted for an 8% share of the German’s construction industry new job postings in Q1 2023, down by 19% over the prior quarter.
Management Occupations drive construction hiring activity
Of the industry's total hiring activity, the highest number of new job postings were for Management Occupations, which accounted for 8% of the total new job postings in Q1 2023 and were down by 41% year-on-year. Second highest were Office and Administrative Support Occupations, which accounted for 6% and drop by 38% year-on-year, and third highest were Architecture and Engineering Occupations, which were 21% of the new job postings and 36% lower year-on-year.
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Top five companies in construction accounted for 32% of hiring activity
The highest number of jobs were posted by Vinci with 776, followed by STRABAG with 763, while the highest increase was at LEG Immobilien at 260%.
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GlobalData’s Jobs Analytics uses machine learning to uncover key insights from tracking daily job postings for thousands of companies globally. Proprietary analysis is used to group jobs into key thematic areas and granular sectors across the world’s largest industries. classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
