The global construction industry experienced an 18% drop in new job postings related to internet of things in Q3 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 35% decrease versus Q3 2022. 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, Computer and Mathematical Occupations jobs accounted for a 15% share of the global construction industry’s internet of things-related total new job postings in Q3 2023, down 29% over the prior quarter.
Computer and Mathematical Occupations drive internet of things-related hiring activity
Computer and Mathematical Occupations, with a share of 15%, emerged as the top internet of things-related job roles within the construction industry in Q3 2023, with new job postings drop by 29% quarter-on-quarter. Installation, Maintenance, and Repair Occupations came in second with a share of 11% in Q3 2023, with new job postings dropping by 27% over the previous quarter.
The other prominent internet of things roles include Management Occupations with a 9% share in Q3 2023, Architecture and Engineering Occupations with a 9% share of new job postings.
Top five companies in construction industry accounted for 51% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2023 were Valmont Industries, Vinci, Mid-America Apartment Communities, ABB, and Honeywell International. Together they accounted for a combined share of 51% of all internet of things-related new jobs in the construction industry.
Valmont Industries posted 478 internet of things-related new jobs in Q3 2023, Vinci 287 jobs, Mid-America Apartment Communities 198 jobs, ABB 143 jobs, and Honeywell International 113 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 54.99% share of total new job postings, Q3 2023
The largest share of internet of things-related new job postings in the construction industry in Q3 2023 was in the US with 54.99% followed by Germany (13.47%) and India (5.22%). The share represented by the US was two percentage points higher than the 52.55% share it accounted for in Q2 2023.
For further understanding of GlobalData's Construction: Hiring Trends & Signals Q3 2023, buy the report here.