The global technology industry experienced a 14% drop in new job postings related to digital payments in Q3 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 10% decrease versus Q3 2022. GlobalData’s Technology: Hiring Trends & Signals Q3 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the technology industry, facilitating anticipation of future workforce needs. Buy the report here.
Notably, Management Occupations jobs accounted for a 38% share of the global technology industry’s digital payments-related total new job postings in Q3 2023, down 4% over the prior quarter.
Management Occupations drive digital payments-related hiring activity
Management Occupations, with a share of 38%, emerged as the top digital payments-related job roles within the technology industry in Q3 2023, with new job postings drop by 4% quarter-on-quarter. Computer and Mathematical Occupations came in second with a share of 21% in Q3 2023, with new job postings dropping by 27% over the previous quarter.
The other prominent digital payments roles include Business and Financial Operations Occupations with a 6% share in Q3 2023, Office and Administrative Support Occupations with a 5% share of new job postings.
Top five companies in technology industry accounted for 75% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2023 were Grab, One97 Communications, MX Technologies, GoZem, and Modulr Finance. Together they accounted for a combined share of 75% of all digital payments-related new jobs in the technology industry.
Grab posted 346 digital payments-related new jobs in Q3 2023, One97 Communications 330 jobs, MX Technologies 41 jobs, GoZem 40 jobs, and Modulr Finance 31 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by India with a 36.27% share of total new job postings, Q3 2023
The largest share of digital payments-related new job postings in the technology industry in Q3 2023 was in India with 36.27% followed by the US (15.89%) and Malaysia (11.77%). The share represented by India was 0 percentage points higher than the 35.98% share it accounted for in Q2 2023.
For further understanding of GlobalData's Technology: Hiring Trends & Signals Q3 2023, buy the report here.