The global retail industry experienced a 22% rise 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 a 90% increase versus Q2 2022. Corporate Governance is a priority in most of the industries today including Retail. GlobalData’s ESG (Environmental, Social, and Governance) Top Trends by Sector – Thematic Research report assesses the impact of ESG by identifying key trends, company filings, and hiring pattern across 16 key sectors. Buy the report here.
Notably, Sales and Related Occupations jobs accounted for a 19% share of the global retail industry’s corporate governance-related total new job postings in Q2 2023, up 38% over the prior quarter.
Sales and Related Occupations drive corporate governance-related hiring activity
Sales and Related Occupations, with a share of 19%, emerged as the top corporate governance-related job roles within the retail industry in Q2 2023, with new job postings rising by 38% quarter-on-quarter. Healthcare Practitioners and Technical Occupations came in second with a share of 13% in Q2 2023, with new job postings rising by 140% over the previous quarter.
The other prominent corporate governance roles include Management Occupations with an 11% share in Q2 2023, Transportation and Material Moving Occupations with a 7% share of new job postings.
Top five companies in retail industry accounted for 53% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q2 2023 were CVS Health, Sprouts Farmers Market, Walgreens Boots Alliance, Walmart, and Boots. Together they accounted for a combined share of 53% of all corporate governance-related new jobs in the retail industry.
CVS Health posted 4,799 corporate governance-related new jobs in Q2 2023, Sprouts Farmers Market 1,417 jobs, Walgreens Boots Alliance 1,344 jobs, Walmart 1,223 jobs, and Boots 892 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with an 81.39% share of total new job postings, Q2 2023
The largest share of corporate governance-related new job postings in the retail industry in Q2 2023 was in the US with 81.39% followed by the UK (10.36%) and Australia (1.32%). The share represented by the US was two percentage points lower than the 83.02% share it accounted for in Q1 2023.
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