The North American auto industry experienced a 40% drop in new job postings in Q4 2023 compared with the previous quarter, with the highest share accounted for by Tesla with 4,521 job postings, according to GlobalData’s analysis of auto company job postings. GlobalData’s Automotive: Hiring Trends & Signals Q4 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the automotive industry, facilitating anticipation of future workforce needs. Buy the report here.
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Notably, Installation, Maintenance, and Repair Occupations jobs accounted for a 15% share of the North American auto industry’s total new job postings in Q4 2023, drop 41% over the prior quarter.
Installation, Maintenance, and Repair Occupations drive auto industry hiring activity
Installation, Maintenance, and Repair Occupations, with a share of 15% new job postings, was the occupation with the greatest hiring activity in the North American auto industry in Q4 2023 , ahead of Sales and Related Occupations with a 9% share of new job postings.
The other prominent roles included Architecture and Engineering Occupations with a 9% share in Q4 2023, Management Occupations with an 8% share and Office and Administrative Support Occupations with a 7% share of new job postings.
Top five companies accounted for 29% of hiring activity
Tesla posted 4,521 jobs in Q4 2023 and registered a decline of 14% over the previous quarter, followed by Genuine Parts with 3,054 jobs and a 38% drop. Lithia Motors, with 2,636 jobs, and AutoNation, with 2,500 jobs, recorded a 17% drop and a 35% drop, respectively, while Penske Truck Leasing Co recorded a 61% decline with a 2,391 new job postings during Q4 2023.
Regional analysis of hiring in the North American auto industry, Q4 2023
The US held the leading share of the North American auto hiring activity with a 90.59% share, a 40% decrease over Q3 2023. Mexico was next with 6.00%, four-percentage-point down over the previous quarter.
For further understanding of GlobalData's Automotive: Hiring Trends & Signals Q4 2023, buy the report here.
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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.
