The global oil and gas industry experienced a 30% drop in new job postings related to future of work in Q3 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 44% decrease versus Q3 2022. GlobalData’s Oil & Gas: Hiring Trends & Signals Q3 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the oil & gas industry, facilitating anticipation of future workforce needs. Buy the report here.
Notably, Office and Administrative Support Occupations jobs accounted for a 15% share of the global oil and gas industry’s future of work-related total new job postings in Q3 2023, down 7% over the prior quarter.
Office and Administrative Support Occupations drive future of work-related hiring activity
Office and Administrative Support Occupations, with a share of 15%, emerged as the top future of work-related job roles within the oil and gas industry in Q3 2023, with new job postings drop by 7% quarter-on-quarter. Architecture and Engineering Occupations came in second with a share of 13% in Q3 2023, with new job postings dropping by 38% over the previous quarter.
The other prominent future of work roles include Production Occupations with a 9% share in Q3 2023, Computer and Mathematical Occupations with a 8% share of new job postings.
Top five companies in oil and gas industry accounted for 30% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2023 were Sherwin-Williams, Air Liquide, John Wood Group, BASF, and ChampionX. Together they accounted for a combined share of 30% of all future of work-related new jobs in the oil and gas industry.
Sherwin-Williams posted 1,316 future of work-related new jobs in Q3 2023, Air Liquide 435 jobs, John Wood Group 385 jobs, BASF 307 jobs, and ChampionX 304 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 67.49% share of total new job postings, Q3 2023
The largest share of future of work-related new job postings in the oil and gas industry in Q3 2023 was in the US with 67.49% followed by the UK (4.20%) and India (3.78%). The share represented by the US was one percentage point higher than the 66.43% share it accounted for in Q2 2023.
For further understanding of GlobalData's Oil & Gas: Hiring Trends & Signals Q3 2023, buy the report here.