The global auto industry experienced a 33% drop in new job postings in Q4 2023 compared with the previous quarter, with the highest share accounted for by Tesla with 6,096 job postings according to GlobalData’s analysis of auto company job postings. 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, Installation, Maintenance, and Repair Occupations jobs accounted for an 11% share of the global auto industry’s new job postings in Q4 2023, down 33% over the prior quarter.
Installation, Maintenance, and Repair Occupations drive auto industry hiring activity
Installation, Maintenance, and Repair Occupations, with a share of 11%, was the occupation with the greatest hiring activity in the global auto industry in Q4 2023, ahead of Management Occupations with a 9% share of job postings.
The other prominent roles include Architecture and Engineering Occupations with a 9% share in Q4 2023, Computer and Mathematical Occupations with a 16% share and Sales and Related Occupations with a 7% share of new job postings.
Top five companies in auto industry accounted for 22% of hiring activity
The top five companies, in terms of number of new job postings tracked by GlobalData, accounted for a combined 22% share of the overall hiring activity in the global auto industry in Q4 2023.
Tesla posted 6,096 jobs in Q4 2023 and registered a drop of 13% over the previous quarter, followed by Continental with 5,088 jobs and a 24% decline. Genuine Parts with 3,054 jobs and Lithia Motors with 2,921 jobs, recorded a 38% decline and a 21% drop, respectively, while Zhejiang Geely Holding Group recorded a 191% rise with 2,866 job postings during Q4 2023.
Hiring activity was driven by North America with a 57% share of total new job postings, Q4 2023
North America held the leading share of the new job postings in the global auto industry with a 57% share, a 6% lower over Q3 2023. Europe stood next with 27%, registering a 22% decline over the previous quarter.
Asia-Pacific with a 15% share marked a 24% drop over Q3 2023. The Middle East & Africa and South & Central America accounted for shares of 0.92% and 10% respectively.
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.
