The Australian banking and payments industry experienced a 24% drop in new job postings in Q2 2023 compared with the previous quarter, with the highest share accounted for by Commonwealth Bank of Australia with 880 job postings according to GlobalData’s analysis of banking and payments company job postings. Buy the report here.
Notably, Management Occupations jobs accounted for a 17% share of the Australian’s banking and payments industry new job postings in Q2 2023, down by 23% over the prior quarter.
Management Occupations drive banking and payments hiring activity
Of the industry's total hiring activity, the highest number of new job postings were for Management Occupations, which accounted for 17% of the total new job postings in Q2 2023 and were down by 47% year-on-year. Second highest were Computer and Mathematical Occupations, which accounted for 17% and drop by 44% year-on-year, and third highest were Office and Administrative Support Occupations, which were 34% of the new job postings and 42% lower year-on-year.
Top five companies in banking and payments accounted for 62% of hiring activity
The highest number of jobs were posted by Commonwealth Bank of Australia with 880, followed by ANZ Group with 824, while the highest increase was at Westpac Banking at 14%.
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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.
