The global power industry experienced a 19% drop in new job postings related to renewable energy in Q4 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 41% decrease versus Q4 2022. GlobalData’s Power: Hiring Trends & Signals Q4 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the power industry, facilitating anticipation of future workforce needs. Buy the report here.
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Notably, Management Occupations jobs accounted for a 14% share of the global power industry’s renewable energy-related total new job postings in Q4 2023, down 19% over the prior quarter.
Management Occupations drive renewable energy-related hiring activity
Management Occupations, with a share of 14%, emerged as the top renewable energy-related job roles within the power industry in Q4 2023, with new job postings drop by 19% quarter-on-quarter. Architecture and Engineering Occupations came in second with a share of 13% in Q4 2023, with new job postings rising by 13% over the previous quarter.
The other prominent renewable energy roles include Computer and Mathematical Occupations with a 9% share in Q4 2023, Installation, Maintenance, and Repair Occupations with a 8% share of new job postings.
Top five companies in power industry accounted for 32% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q4 2023 were Vestas Wind Systems, Siemens, NextEra Energy, Sunrun, and AES. Together they accounted for a combined share of 32% of all renewable energy-related new jobs in the power industry.
Vestas Wind Systems posted 1,127 renewable energy-related new jobs in Q4 2023, Siemens 868 jobs, NextEra Energy 838 jobs, Sunrun 728 jobs, and AES 518 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 50.11% share of total new job postings, Q4 2023
The largest share of renewable energy-related new job postings in the power industry in Q4 2023 was in the US with 50.11% followed by the UK (9.95%) and Australia (6.82%). The share represented by the US was two percentage points lower than the 52.08% share it accounted for in Q3 2023.
For further understanding of GlobalData's Power: 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.
