The global auto industry experienced a 22% drop in new job postings related to future of work in Q4 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 34% decrease versus Q4 2022. GlobalData’s Automotive: Hiring Trends & Signals Q4 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the automotive industry, facilitating anticipation of future workforce needs. Buy the report here.
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Notably, Computer and Mathematical Occupations jobs accounted for a 20% share of the global auto industry’s future of work-related total new job postings in Q4 2023, down 12% over the prior quarter.
Computer and Mathematical Occupations drive future of work-related hiring activity
Computer and Mathematical Occupations, with a share of 20%, emerged as the top future of work-related job roles within the auto industry in Q4 2023, with new job postings drop by 12% quarter-on-quarter. Architecture and Engineering Occupations came in second with a share of 17% in Q4 2023, with new job postings dropping by 17% over the previous quarter.
The other prominent future of work roles include Management Occupations with an 8% share in Q4 2023, Installation, Maintenance, and Repair Occupations with a 7% share of new job postings.
Top five companies in auto industry accounted for 37% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q4 2023 were Tesla, Continental, AB Volvo, Ford Motor, and Zhejiang Geely Holding Group. Together they accounted for a combined share of 37% of all future of work-related new jobs in the auto industry.
Tesla posted 1,018 future of work-related new jobs in Q4 2023, Continental 933 jobs, AB Volvo 528 jobs, Ford Motor 352 jobs, and Zhejiang Geely Holding Group 324 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 53.18% share of total new job postings, Q4 2023
The largest share of future of work-related new job postings in the auto industry in Q4 2023 was in the US with 53.18% followed by India (9.05%) and Germany (5.95%). The share represented by the US was 0 percentage points higher than the 52.86% share it accounted for in Q3 2023.
For further understanding of GlobalData's Automotive: Hiring Trends & Signals Q4 2023, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
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.
