The British banking and payments industry experienced 0.17% rise in new job postings in Q4 2023 compared with the previous quarter, with the highest share accounted for by Lloyds Banking Group with 621 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 22% share of the British banking and payments industry new job postings in Q4 2023, up by 17% 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 22% of the total new job postings in Q4 2023 and were down by 52% year-on-year. Second highest were Computer and Mathematical Occupations, which accounted for 16% and drop by 57% year-on-year, and third highest were Business and Financial Operations Occupations, which were 14% of the new job postings and 37% lower year-on-year.
Top five companies in banking and payments industry accounted for 28% of hiring activity
The highest number of jobs were posted by Lloyds Banking Group with 621, followed by Barclays with 502, while the highest increase was at JPMorgan Chase & Co at 17%.
For further understanding of GlobalData's Banking & Payments: Hiring Trends & Signals Q4 2023, buy the report here.
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