The global technology industry experienced a 26% drop in new job postings related to digital payments in Q4 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 21% decrease versus Q4 2022. GlobalData’s Technology: Hiring Trends & Signals Q4 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.
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Notably, Management Occupations jobs accounted for a 30% share of the global technology industry’s digital payments-related total new job postings in Q4 2023, down 40% over the prior quarter.
Management Occupations drive digital payments-related hiring activity
Management Occupations, with a share of 30%, emerged as the top digital payments-related job roles within the technology industry in Q4 2023, with new job postings drop by 40% quarter-on-quarter. Computer and Mathematical Occupations came in second with a share of 24% in Q4 2023, with new job postings dropping by 14% over the previous quarter.
The other prominent digital payments roles include Office and Administrative Support Occupations with a 6% share in Q4 2023, Business and Financial Operations Occupations with a 6% share of new job postings.
Top five companies in technology industry accounted for 70% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q4 2023 were One97 Communications, Grab, Apple, Alphabet, and Fiserv. Together they accounted for a combined share of 70% of all digital payments-related new jobs in the technology industry.
One97 Communications posted 250 digital payments-related new jobs in Q4 2023, Grab 217 jobs, Apple 50 jobs, Alphabet 48 jobs, and Fiserv 29 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by India with a 40.35% share of total new job postings, Q4 2023
The largest share of digital payments-related new job postings in the technology industry in Q4 2023 was in India with 40.35% followed by the US (22.35%) and Singapore (6.94%). The share represented by India was 0 percentage points higher than the 39.96% share it accounted for in Q3 2023.
For further understanding of GlobalData's Technology: 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.
