The global technology industry experienced a 12% drop in new job postings related to future of work in Q3 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 44% 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, Computer and Mathematical Occupations jobs accounted for a 39% share of the global technology industry’s future of work-related total new job postings in Q3 2023, down 12% over the prior quarter.
Computer and Mathematical Occupations drive future of work-related hiring activity
Computer and Mathematical Occupations, with a share of 39%, emerged as the top future of work-related job roles within the technology industry in Q3 2023, with new job postings drop by 12% quarter-on-quarter. Management Occupations came in second with a share of 11% in Q3 2023, with new job postings dropping by 17% over the previous quarter.
The other prominent future of work roles include Architecture and Engineering Occupations with a 9% share in Q3 2023, Business and Financial Operations Occupations with a 5% share of new job postings.
Top five companies in technology industry accounted for 15% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2023 were International Business Machines, Wipro, Cognizant Technology Solutions, ServiceNow, and Accenture. Together they accounted for a combined share of 15% of all future of work-related new jobs in the technology industry.
International Business Machines posted 2,943 future of work-related new jobs in Q3 2023, Wipro 2,060 jobs, Cognizant Technology Solutions 1,311 jobs, ServiceNow 945 jobs, and Accenture 942 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 45.30% share of total new job postings, Q3 2023
The largest share of future of work-related new job postings in the technology industry in Q3 2023 was in the US with 45.30% followed by India (20.92%) and Canada (3.22%). The share represented by the US was 0 percentage points higher than the 45.13% share it accounted for in Q2 2023.
For further understanding of GlobalData's Technology: Hiring Trends & Signals Q3 2023, buy the report here.