The global retail industry experienced a 13% drop in new job postings related to corporate governance in Q1 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 15% increase versus Q1 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 27% share of the global retail industry’s corporate governance-related total new job postings in Q1 2023, down 3% over the prior quarter.
Sales and Related Occupations drive corporate governance-related hiring activity
Sales and Related Occupations, with a share of 27%, emerged as the top corporate governance-related job roles within the retail industry in Q1 2023, with new job postings drop by 3% quarter-on-quarter. Management Occupations came in second with a share of 12% in Q1 2023, with new job postings dropping by 12% over the previous quarter.
The other prominent corporate governance roles include Healthcare Practitioners and Technical Occupations with a 10% share in Q1 2023, Transportation and Material Moving Occupations with a 10% share of new job postings.
Top five companies in retail industry accounted for 39% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q1 2023 were Sprouts Farmers Market, Walgreens Boots Alliance, Walmart, LUSH, and ODP. Together they accounted for a combined share of 39% of all corporate governance-related new jobs in the retail industry.
Sprouts Farmers Market posted 1,194 corporate governance-related new jobs in Q1 2023, Walgreens Boots Alliance 798 jobs, Walmart 590 jobs, LUSH 509 jobs, and ODP 501 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 72.90% share of total new job postings, Q1 2023
The largest share of corporate governance-related new job postings in the retail industry in Q1 2023 was in the US with 72.90% followed by the UK (11.32%) and Canada (5.73%). The share represented by the US was 0 percentage points higher than the 72.59% share it accounted for in Q4 2022.
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