The global healthcare industry experienced a 40% drop in new job postings in Q4 2023 compared with the previous quarter, with the highest share accounted for by CVS Health with 27,982 job postings according to GlobalData’s analysis of healthcare company job postings. GlobalData’s Healthcare: Hiring Trends & Signals Q4 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the healthcare industry, facilitating anticipation of future workforce needs. Buy the report here.
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Notably, Healthcare Practitioners and Technical Occupations jobs accounted for a 40% share of the global healthcare industry’s new job postings in Q4 2023, down 41% over the prior quarter.
Healthcare Practitioners and Technical Occupations drive healthcare industry hiring activity
Healthcare Practitioners and Technical Occupations, with a share of 40%, was the occupation with the greatest hiring activity in the global healthcare industry in Q4 2023, ahead of Healthcare Support Occupations with a 13% share of job postings.
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The other prominent roles include Office and Administrative Support Occupations with a 6% share in Q4 2023, Management Occupations with a 32% share and Life, Physical, and Social Science Occupations with a 3% share of new job postings.
Top five companies in healthcare industry accounted for 21% of hiring activity
The top five companies, in terms of number of new job postings tracked by GlobalData, accounted for a combined 21% share of the overall hiring activity in the global healthcare industry in Q4 2023.
CVS Health posted 27,982 jobs in Q4 2023 and registered a drop of 30% over the previous quarter, followed by Tenet Healthcare with 10,488 jobs and a 49% growth. Universal Health Services with 9,508 jobs and Providence Health & Services with 7,102 jobs, recorded a 21% decline and 0.85% drop, respectively, while Advocate Aurora Health recorded a 25% drop with 7,089 job postings during Q4 2023.
Hiring activity was driven by North America with a 94% share of total new job postings, Q4 2023
North America held the leading share of the new job postings in the global healthcare industry with a 94% share, a 4% higher over Q3 2023. Europe stood next with 5%, registering a 67% decline over the previous quarter.
Asia-Pacific with 0.79% share marked a 30% drop over Q3 2023. The Middle East & Africa and South & Central America accounted for shares of 80% and 61% respectively.
For further understanding of GlobalData's Healthcare: Hiring Trends & Signals Q4 2023, buy the report here.
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