The global pharmaceutical industry experienced a 36% 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 39% 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.
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Notably, Management Occupations jobs accounted for an 18% share of the global pharmaceutical industry’s future of work-related total new job postings in Q3 2023, down 36% over the prior quarter.
Management Occupations drive future of work-related hiring activity
Management Occupations, with a share of 18%, emerged as the top future of work-related job roles within the pharmaceutical industry in Q3 2023, with new job postings drop by 36% quarter-on-quarter. Computer and Mathematical Occupations came in second with a share of 14% in Q3 2023, with new job postings dropping by 42% over the previous quarter.
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The other prominent future of work roles include Architecture and Engineering Occupations with an 8% share in Q3 2023, Life, Physical, and Social Science Occupations with a 8% share of new job postings.
Top five companies in pharmaceutical industry accounted for 39% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2023 were Novo Nordisk, Pfizer, Merck, AstraZeneca, and Bristol-Myers Squibb. Together they accounted for a combined share of 39% of all future of work-related new jobs in the pharmaceutical industry.
Novo Nordisk posted 614 future of work-related new jobs in Q3 2023, Pfizer 526 jobs, Merck 402 jobs, AstraZeneca 360 jobs, and Bristol-Myers Squibb 331 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 47.25% share of total new job postings, Q3 2023
The largest share of future of work-related new job postings in the pharmaceutical industry in Q3 2023 was in the US with 47.25% followed by India (13.98%) and Denmark (6.73%). The share represented by the US was three percentage points lower than the 49.92% share it accounted for in Q2 2023.
For further understanding of GlobalData's Pharma: Hiring Trends & Signals Q3 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.
