The global pharmaceutical industry experienced 0.70% drop in new job postings related to future of work in Q2 2024 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to an 8% decrease versus Q2 2023. GlobalData’s Pharma: Hiring Trends & Signals Q2 2024 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, Management Occupations jobs accounted for a 16% share of the global pharmaceutical industry’s future of work-related total new job postings in Q2 2024, up 5% over the prior quarter.
Management Occupations drive future of work-related hiring activity
Management Occupations, with a share of 16%, emerged as the top future of work-related job roles within the pharmaceutical industry in Q2 2024, with new job postings rising by 5% quarter-on-quarter. Computer and Mathematical Occupations came in second with a share of 11% in Q2 2024, with new job postings dropping by 12% over the previous quarter.
The other prominent future of work roles include Life, Physical, and Social Science Occupations with a 10% share in Q2 2024, Architecture and Engineering Occupations with a 7% share of new job postings.
Top five companies in pharmaceutical industry accounted for 36% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q2 2024 were Biocon, AstraZeneca, Merck, Bristol-Myers Squibb, and F. Hoffmann-La Roche. Together they accounted for a combined share of 36% of all future of work-related new jobs in the pharmaceutical industry.
Biocon posted 1,369 future of work-related new jobs in Q2 2024, AstraZeneca 574 jobs, Merck 453 jobs, Bristol-Myers Squibb 431 jobs, and F. Hoffmann-La Roche 384 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the US with a 47.39% share of total new job postings, Q2 2024
The largest share of future of work-related new job postings in the pharmaceutical industry in Q2 2024 was in the US with 47.39% followed by India (25.79%) and Ireland (1.94%). The share represented by the US was one percentage point higher than the 46.78% share it accounted for in Q1 2024.
For further understanding of GlobalData's Pharma: Hiring Trends & Signals Q2 2024, 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.
