The global pharmaceutical industry experienced a 39% drop in new job postings related to corporate governance in Q3 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 36% decrease versus Q3 2022. GlobalData’s Pharma: Hiring Trends & Signals Q3 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the pharmaceuticals industry, facilitating anticipation of future workforce needs. Buy the report here.
Notably, Management Occupations jobs accounted for a 30% share of the global pharmaceutical industry’s corporate governance-related total new job postings in Q3 2023, down 45% over the prior quarter.
Management Occupations drive corporate governance-related hiring activity
Management Occupations, with a share of 30%, emerged as the top corporate governance-related job roles within the pharmaceutical industry in Q3 2023, with new job postings drop by 45% quarter-on-quarter. Healthcare Practitioners and Technical Occupations came in second with a share of 9% in Q3 2023, with new job postings dropping by 9% over the previous quarter.
The other prominent corporate governance roles include Business and Financial Operations Occupations with an 8% share in Q3 2023, Computer and Mathematical Occupations with a 6% share of new job postings.
Top five companies in pharmaceutical industry accounted for 38% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2023 were Sanofi, AstraZeneca, ICON, Novartis, and Merck. Together they accounted for a combined share of 38% of all corporate governance-related new jobs in the pharmaceutical industry.
Sanofi posted 463 corporate governance-related new jobs in Q3 2023, AstraZeneca 388 jobs, ICON 306 jobs, Novartis 276 jobs, and Merck 221 jobs, according to GlobalDataâ€™s Job Analytics.
Hiring activity was driven by the US with a 35.45% share of total new job postings, Q3 2023
The largest share of corporate governance-related new job postings in the pharmaceutical industry in Q3 2023 was in the US with 35.45% followed by India (11.41%) and China (5.53%). The share represented by the US was 11 percentage points lower than the 46.36% share it accounted for in Q2 2023.
For further understanding of GlobalData's Pharma: Hiring Trends & Signals Q3 2023, buy the report here.