The European retail industry experienced a 30% drop in new job postings in Q4 2023 compared with the previous quarter, with the highest share accounted for by Tesco with 12,713 job postings, according to GlobalData’s analysis of retail company job postings. GlobalData’s Retail: Hiring Trends & Signals Q4 2023 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, Sales and Related Occupations jobs accounted for a 16% share of the European retail industry’s total new job postings in Q4 2023, rise 11% over the prior quarter.
Sales and Related Occupations drive retail industry hiring activity
Sales and Related Occupations, with a share of 16% new job postings, was the occupation with the greatest hiring activity in the European retail industry in Q4 2023 , ahead of Office and Administrative Support Occupations with a 13% share of new job postings.
The other prominent roles included Management Occupations with a 6% share in Q4 2023, Production Occupations with a 5% share and Transportation and Material Moving Occupations with a 4% share of new job postings.
Top five companies accounted for 36% of hiring activity
Tesco posted 12,713 jobs in Q4 2023 and registered a decline of 25% over the previous quarter, followed by REWE Group with 8,929 jobs and a 62% drop. Next, with 3,880 jobs, and H & M Hennes & Mauritz, with 3,313 jobs, recorded a 25% drop and a 3% drop, respectively, while Walgreens Boots Alliance recorded a 41% increase with a 3,086 new job postings during Q4 2023.
Regional analysis of hiring in the European retail industry, Q4 2023
The UK held the leading share of the European retail hiring activity with a 54.33% share, a 25% decrease over Q3 2023. Germany was next with 18.12%, four-percentage-point down over the previous quarter.
For further understanding of GlobalData's Retail: Hiring Trends & Signals Q4 2023, buy the report here.
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