The global construction industry experienced a 16% drop in new job postings related to internet of things in Q4 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 56% decrease versus Q4 2022. GlobalData’s Construction: Hiring Trends & Signals Q4 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.
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Notably, Computer and Mathematical Occupations jobs accounted for a 22% share of the global construction industry’s internet of things-related total new job postings in Q4 2023, down 5% over the prior quarter.
Computer and Mathematical Occupations drive internet of things-related hiring activity
Computer and Mathematical Occupations, with a share of 22%, emerged as the top internet of things-related job roles within the construction industry in Q4 2023, with new job postings drop by 5% quarter-on-quarter. Management Occupations came in second with a share of 12% in Q4 2023, with new job postings dropping by 9% over the previous quarter.
The other prominent internet of things roles include Installation, Maintenance, and Repair Occupations with a 9% share in Q4 2023, Architecture and Engineering Occupations with a 8% share of new job postings.
Top five companies in construction industry accounted for 36% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q4 2023 were Honeywell International, Mid-America Apartment Communities, Vinci, ABB, and Johnson Controls International. Together they accounted for a combined share of 36% of all internet of things-related new jobs in the construction industry.
Honeywell International posted 162 internet of things-related new jobs in Q4 2023, Mid-America Apartment Communities 148 jobs, Vinci 131 jobs, ABB 130 jobs, and Johnson Controls International 75 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 37.89% share of total new job postings, Q4 2023
The largest share of internet of things-related new job postings in the construction industry in Q4 2023 was in the US with 37.89% followed by India (18.24%) and Germany (7.21%). The share represented by the US was four percentage points lower than the 42.38% share it accounted for in Q3 2023.
For further understanding of GlobalData's Construction: Hiring Trends & Signals Q4 2023, buy the report here.
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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.
