The European consumer industry experienced a 22% drop in new job postings in Q2 2024 compared with the previous quarter, with the highest share accounted for by LVMH Moet Hennessy Louis Vuitton with 2,998 job postings, according to GlobalData’s analysis of consumer company job postings. GlobalData’s Consumer: Hiring Trends & Signals Q2 2024 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the consumer industry, facilitating anticipation of future workforce needs. Buy the report here.
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Notably, Management Occupations jobs accounted for a 10% share of the European consumer industry’s total new job postings in Q2 2024, drop 10% over the prior quarter.
Management Occupations drive consumer industry hiring activity
Management Occupations, with a share of 10% new job postings, was the occupation with the greatest hiring activity in the European consumer industry in Q2 2024 , ahead of Business and Financial Operations Occupations with a 6% share of new job postings.
The other prominent roles included Office and Administrative Support Occupations with a 6% share in Q2 2024, Sales and Related Occupations with a 5% share and Computer and Mathematical Occupations with a 4% share of new job postings.
Top five companies accounted for 20% of hiring activity
The top five companies, in terms of number of new job postings tracked by GlobalData, accounted for a combined 20% of the overall hiring activity in the European consumer industry in Q2 2024.
LVMH Moet Hennessy Louis Vuitton posted 2,998 jobs in Q2 2024 and registered a decline of 24% over the previous quarter, followed by Arcelik with 2,750 jobs and a 79% drop. Nestle, with 1,896 jobs, and Coca-Cola Europacific Partners, with 1,484 jobs, recorded a 20% drop and a 64% rise, respectively, while Pandora recorded a 20% increase with a 1,355 new job postings during Q2 2024.
Regional analysis of hiring in the European consumer industry, Q2 2024
France held the leading share of the European consumer hiring activity with a 19.20% share, a 21% decrease over Q1 2024. the UK was next with 16.47%, four-percentage-point up over the previous quarter.
For further understanding of GlobalData's Consumer: Hiring Trends & Signals Q2 2024, 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.
