The global technology industry experienced a 23% rise in new job postings in Q1 2024 compared with the previous quarter, with the highest share accounted for by Accenture with 37,874 job postings according to GlobalData’s analysis of technology company job postings. GlobalData’s Technology: Hiring Trends & Signals Q1 2024 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the technology industry, facilitating anticipation of future workforce needs. Buy the report here.
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Notably, Computer and Mathematical Occupations jobs accounted for a 25% share of the global technology industry’s new job postings in Q1 2024, up 7% over the prior quarter.
Computer and Mathematical Occupations drive technology industry hiring activity
Computer and Mathematical Occupations, with a share of 25%, was the occupation with the greatest hiring activity in the global technology industry in Q1 2024, ahead of Management Occupations with a 13% share of job postings.
The other prominent roles include Architecture and Engineering Occupations with a 6% share in Q1 2024, Sales and Related Occupations with a 5% share and Business and Financial Operations Occupations with a 5% share of new job postings.
Top five companies in technology industry accounted for 16% of hiring activity
The top five companies, in terms of number of new job postings tracked by GlobalData, accounted for a combined 16% share of the overall hiring activity in the global technology industry in Q1 2024.
Accenture posted 37,874 jobs in Q1 2024 and registered a growth of 42% over the previous quarter, followed by International Business Machines with 10,835 jobs and a 21% decline. Oracle with 10,137 jobs and Cognizant Technology Solutions with 9,741 jobs, recorded a 93% growth and an 82% rise, respectively, while Microsoft recorded a 58% rise with 9,489 job postings during Q1 2024.
Hiring activity was driven by North America with a 45% share of total new job postings, Q1 2024
North America held the leading share of the new job postings in the global technology industry with a 45% share, a 1% higher over Q4 2023. Asia-Pacific stood next with 34%, registering a 33% growth over the previous quarter.
Europe with a 16% share marked a 5% rise over Q4 2023. The South & Central America and Middle East & Africa accounted for shares of 3% and 7% respectively.
For further understanding of GlobalData's Technology: Hiring Trends & Signals Q1 2024, buy the report here.
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