Hiring in global pharma industry drop 31% in Q3 2023
Notably, Management Occupations jobs accounted for a 19% share of the global pharma industry’s new job postings in Q3 2023, down 44% over the prior quarter.
Management Occupations drive pharma industry hiring activity
Management Occupations, with a share of 19%, was the occupation with the greatest hiring activity in the global pharma industry in Q3 2023, ahead of Healthcare Practitioners and Technical Occupations with a 9% share of job postings.
The other prominent roles include Life, Physical, and Social Science Occupations with an 8% share in Q3 2023, Computer and Mathematical Occupations with a 45% share and Business and Financial Operations Occupations with a 5% share of new job postings.
Top five companies in pharma industry accounted for 29% of hiring activity
The top five companies, in terms of number of new job postings tracked by GlobalData, accounted for a combined 29% share of the overall hiring activity in the global pharma industry in Q3 2023.
CSL posted 4,283 jobs in Q3 2023 and registered a growth of 37% over the previous quarter, followed by AstraZeneca with 4,070 jobs and a 7% decline. Novo Nordisk with 3,475 jobs and Merck with 3,346 jobs, recorded a 26% decline and a 24% drop, respectively, while Grifols recorded a 62% rise with 3,311 job postings during Q3 2023.
Hiring activity was driven by North America with a 49% share of total new job postings, Q3 2023
North America held the leading share of the new job postings in the global pharma industry with a 49% share, a 3% higher over Q2 2023. Europe stood next with 26%, registering a 33% decline over the previous quarter.
Asia-Pacific with a 20% share marked a 38% drop over Q2 2023. The South & Central America and Middle East & Africa accounted for shares of 30% and 26% respectively.
For further understanding of GlobalData’s Pharma: Hiring Trends & Signals Q3 2023, buy the report here.
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