The global power industry experienced a 20% drop in new job postings related to energy transition in Q4 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 40% 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 energy transition-related total new job postings in Q4 2023, down 19% over the prior quarter.
Management Occupations drive energy transition-related hiring activity
Management Occupations, with a share of 14%, emerged as the top energy transition-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 6% over the previous quarter.
The other prominent energy transition roles include Computer and Mathematical Occupations with a 10% share in Q4 2023, Business and Financial Operations Occupations with a 8% share of new job postings.
Top five companies in power industry accounted for 26% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q4 2023 were Constellation Energy, NextEra Energy, Sunrun, AES, and SSE. Together they accounted for a combined share of 26% of all energy transition-related new jobs in the power industry.
Constellation Energy posted 1,326 energy transition-related new jobs in Q4 2023, NextEra Energy 844 jobs, Sunrun 728 jobs, AES 519 jobs, and SSE 482 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 57.18% share of total new job postings, Q4 2023
The largest share of energy transition-related new job postings in the power industry in Q4 2023 was in the US with 57.18% followed by the UK (13.92%) and Australia (3.85%). The share represented by the US was one percentage point higher than the 55.95% 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.
