The global retail industry experienced a 20% rise in new job postings related to future of work in Q1 2024 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 29% increase versus Q1 2023. GlobalData’s Retail: Hiring Trends & Signals Q1 2024 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the retail industry, facilitating anticipation of future workforce needs. Buy the report here.
Notably, Healthcare Practitioners and Technical Occupations jobs accounted for a 23% share of the global retail industry’s future of work-related total new job postings in Q1 2024, down 3% over the prior quarter.
Healthcare Practitioners and Technical Occupations drive future of work-related hiring activity
Healthcare Practitioners and Technical Occupations, with a share of 23%, emerged as the top future of work-related job roles within the retail industry in Q1 2024, with new job postings drop by 3% quarter-on-quarter. Management Occupations came in second with a share of 18% in Q1 2024, with new job postings rising by 11% over the previous quarter.
The other prominent future of work roles include Computer and Mathematical Occupations with an 11% share in Q1 2024, Installation, Maintenance, and Repair Occupations with a 4% share of new job postings.
Top five companies in retail industry accounted for 63% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q1 2024 were Amazon, CVS Health, Walgreens Boots Alliance, Walmart, and Woolworths Group. Together they accounted for a combined share of 63% of all future of work-related new jobs in the retail industry.
Amazon posted 5,572 future of work-related new jobs in Q1 2024, CVS Health 5,234 jobs, Walgreens Boots Alliance 4,647 jobs, Walmart 2,321 jobs, and Woolworths Group 1,729 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 70.95% share of total new job postings, Q1 2024
The largest share of future of work-related new job postings in the retail industry in Q1 2024 was in the US with 70.95% followed by Canada (7.51%) and Australia (5.35%). The share represented by the US was one percentage point lower than the 72.07% share it accounted for in Q4 2023.
For further understanding of GlobalData's Retail: Hiring Trends & Signals Q1 2024, buy the report here.
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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.
