The global pharmaceutical industry experienced a 39% drop in new job postings related to corporate governance in Q2 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to an 8% decrease versus Q2 2022. With an increasing focus on ESG, Pharmaceutical companies are under pressure to incorporate corporate governance. GlobalData’s ESG (Environmental, Social and Governance) Survey on Pharmaceutical Manufacturing – Towards a Sustainable Supply Chain report includes the ESG measures and response, and ESG Ratings of Pharmaceutical Companies as assessed by leading ESG rating agencies. Buy the report here.
Notably, Management Occupations jobs accounted for a 32% share of the global pharmaceutical industry’s corporate governance-related total new job postings in Q2 2023, down 54% over the prior quarter.
Management Occupations drive corporate governance-related hiring activity
Management Occupations, with a share of 32%, emerged as the top corporate governance-related job roles within the pharmaceutical industry in Q2 2023, with new job postings drop by 54% quarter-on-quarter. Life, Physical, and Social Science Occupations came in second with a share of 7% in Q2 2023, with new job postings dropping by 56% over the previous quarter.
The other prominent corporate governance roles include Business and Financial Operations Occupations with a 6% share in Q2 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 Q2 2023 were Bristol-Myers Squibb, Emergent BioSolutions, Novartis, AstraZeneca, and Sandoz. Together they accounted for a combined share of 38% of all corporate governance-related new jobs in the pharmaceutical industry.
Bristol-Myers Squibb posted 689 corporate governance-related new jobs in Q2 2023, Emergent BioSolutions 627 jobs, Novartis 591 jobs, AstraZeneca 327 jobs, and Sandoz 294 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 48.90% share of total new job postings, Q2 2023
The largest share of corporate governance-related new job postings in the pharmaceutical industry in Q2 2023 was in the US with 48.90% followed by India (11.22%) and the UK (2.23%). The share represented by the US was 23 percentage points lower than the 72.22% share it accounted for in Q1 2023.
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