The global medical industry experienced a 12% drop in new job postings related to corporate governance in Q4 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 26% decrease versus Q4 2022. GlobalData’s Medical Devices: Hiring Trends & Signals Q4 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the medical devices industry, facilitating anticipation of future workforce needs. Buy the report here.
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Notably, Management Occupations jobs accounted for a 26% share of the global medical industry’s corporate governance-related total new job postings in Q4 2023, up 8% over the prior quarter.
Management Occupations drive corporate governance-related hiring activity
Management Occupations, with a share of 26%, emerged as the top corporate governance-related job roles within the medical industry in Q4 2023, with new job postings rising by 8% quarter-on-quarter. Sales and Related Occupations came in second with a share of 10% in Q4 2023, with new job postings dropping by 4% over the previous quarter.
The other prominent corporate governance roles include Computer and Mathematical Occupations with a 7% share in Q4 2023, Business and Financial Operations Occupations with a 6% share of new job postings.
Top five companies in medical industry accounted for 34% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q4 2023 were Stryker, Quest Diagnostics, Baxter International, Boston Scientific, and Abbott Laboratories. Together they accounted for a combined share of 34% of all corporate governance-related new jobs in the medical industry.
Stryker posted 358 corporate governance-related new jobs in Q4 2023, Quest Diagnostics 351 jobs, Baxter International 221 jobs, Boston Scientific 217 jobs, and Abbott Laboratories 170 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 70.99% share of total new job postings, Q4 2023
The largest share of corporate governance-related new job postings in the medical industry in Q4 2023 was in the US with 70.99% followed by India (5.06%) and the UK (3.05%). The share represented by the US was three percentage points lower than the 74.39% share it accounted for in Q3 2023.
For further understanding of GlobalData's Medical Devices: Hiring Trends & Signals Q4 2023, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
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.
