The global banking and payments industry experienced a 22% drop in new job postings related to environmental sustainability in Q3 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 29% decrease versus Q3 2022. GlobalData’s Banking & Payments: Hiring Trends & Signals Q3 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the industry, facilitating anticipation of future workforce needs. Buy the report here.
Notably, Management Occupations jobs accounted for a 19% share of the global banking and payments industry’s environmental sustainability-related total new job postings in Q3 2023, down 29% over the prior quarter.
Management Occupations drive environmental sustainability-related hiring activity
Management Occupations, with a share of 19%, emerged as the top environmental sustainability-related job roles within the banking and payments industry in Q3 2023, with new job postings drop by 29% quarter-on-quarter. Computer and Mathematical Occupations came in second with a share of 13% in Q3 2023, with new job postings dropping by 37% over the previous quarter.
The other prominent environmental sustainability roles include Business and Financial Operations Occupations with a 12% share in Q3 2023, Office and Administrative Support Occupations with a 11% share of new job postings.
Top five companies in banking and payments industry accounted for 48% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q3 2023 were John Hancock Investors Trust, London Stock Exchange Group, Home BancShares, US Bank, and ANZ Group. Together they accounted for a combined share of 48% of all environmental sustainability-related new jobs in the banking and payments industry.
John Hancock Investors Trust posted 1,304 environmental sustainability-related new jobs in Q3 2023, London Stock Exchange Group 883 jobs, Home BancShares 435 jobs, US Bank 318 jobs, and ANZ Group 278 jobs, according to GlobalDataâ€™s Job Analytics.
Hiring activity was driven by the US with a 37.77% share of total new job postings, Q3 2023
The largest share of environmental sustainability-related new job postings in the banking and payments industry in Q3 2023 was in the US with 37.77% followed by the UK (10.28%) and the Philippines (7.47%). The share represented by the US was one percentage point lower than the 38.77% share it accounted for in Q2 2023.
For further understanding of GlobalData's Banking & Payments: Hiring Trends & Signals Q3 2023, buy the report here.