The global pharmaceutical industry experienced an 8% drop in new job postings related to future of work in Q4 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 44% decrease versus Q4 2022. GlobalData’s Pharma: Hiring Trends & Signals Q4 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the pharmaceuticals industry, facilitating anticipation of future workforce needs. Buy the report here.
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Notably, Sales and Related Occupations jobs accounted for a 32% share of the global pharmaceutical industry’s future of work-related total new job postings in Q4 2023, up 50% over the prior quarter.
Sales and Related Occupations drive future of work-related hiring activity
Sales and Related Occupations, with a share of 32%, emerged as the top future of work-related job roles within the pharmaceutical industry in Q4 2023, with new job postings rising by 50% quarter-on-quarter. Management Occupations came in second with a share of 23% in Q4 2023, with new job postings rising by 225% over the previous quarter.
The other prominent future of work roles include Computer and Mathematical Occupations with a 9% share in Q4 2023, Architecture and Engineering Occupations with a 5% share of new job postings.
Top five companies in pharmaceutical industry accounted for 91% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q4 2023 were Vitera Healthcare Solutions, Kedrion Biopharma, LFB USA, Curology, and Monte Rosa Therapeutics. Together they accounted for a combined share of 91% of all future of work-related new jobs in the pharmaceutical industry.
Vitera Healthcare Solutions posted 37 future of work-related new jobs in Q4 2023, Kedrion Biopharma 7 jobs, LFB USA 3 jobs, Curology 2 jobs, and Monte Rosa Therapeutics 2 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 78.57% share of total new job postings, Q4 2023
The largest share of future of work-related new job postings in the pharmaceutical industry in Q4 2023 was in the US with 78.57% followed by India (17.86%) and France (3.57%). The share represented by the US was 20 percentage points higher than the 59.02% share it accounted for in Q3 2023.
For further understanding of GlobalData's Pharma: 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.
