The Australian banking and payments industry experienced a 6% rise in new job postings in Q4 2023 compared with the previous quarter, with the highest share accounted for by Commonwealth Bank of Australia with 1,211 job postings according to GlobalData’s analysis of banking and payments company job postings. GlobalData’s Banking & Payments: Hiring Trends & Signals Q4 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the industry, facilitating anticipation of future workforce needs. Buy the report here.
Notably, Management Occupations jobs accounted for a 23% share of the Australian banking and payments industry new job postings in Q4 2023, up by 37% over the prior quarter.
Management Occupations drive banking and payments industry hiring activity
Of the industry's total hiring activity, the highest number of new job postings were for Management Occupations, which accounted for 23% of the total new job postings in Q4 2023 and were down by 39% year-on-year. Second highest were Computer and Mathematical Occupations, which accounted for 17% and drop by 54% year-on-year, and third highest were Office and Administrative Support Occupations, which were 28% of the new job postings and 42% lower year-on-year.
Top five companies in banking and payments industry accounted for 62% of hiring activity
The highest number of jobs were posted by Commonwealth Bank of Australia with 1,211, followed by Westpac Banking with 478, while the highest increase was at ANZ Group at 30%.
For further understanding of GlobalData's Banking & Payments: Hiring Trends & Signals Q4 2023, buy the report here.
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