North America witnessed a 5.6% drop in IT hiring activity in the banking and payments industry in December 2021 when compared with the previous month, according to GlobalData’s Job Analytics dashboard. December 2021 has seen a decrease of 6.52% in the overall hiring activity when compared with November 2021. IT jobs accounted for a 14.66% share in the industry’s total hiring activity in December 2021, registering an increase of 0.24% over the last three-month average share.

Software and Web Developers, Programmers, and Testers Occupations leads by classification in December 2021

Software and Web Developers, Programmers, and Testers Occupations emerged as the leading IT occupation in North America with a share of 63.77% in December 2021, a 20.36% drop over the previous month. Miscellaneous Computer Occupations came in next, claiming a share of 14.36% in December 2021, marking a 30.14% month-on-month decline. In the third place was Database and Network Administrators and Architects with a share of 9.92% in December 2021, a 22.06% drop from November 2021. Computer and Information Analysts registered a share of 7.1% in December 2021, an 18.73% decline over the previous month.

Top five banking and payments companies in North America’s IT recruitment activity in December 2021

The top five companies, in terms of number of jobs as tracked by GlobalData, accounted for a combined average decline of 20.72% in the overall IT recruitment activity of North America’s banking and payments industry during December 2021 over previous month. JPMorgan Chase posted 996 IT jobs in December 2021 and registered an increase of 26.08% over the previous month, followed by Evolent Health with 839 jobs and a 45.73% drop. Fiserv with 723 IT jobs and Citigroup with 523 jobs, recorded a 191.53% rise and a 53.01% drop, respectively, while Citizens Financial Group recorded a 39.7% decline with 477 job postings during December 2021.

Country-wise composition of IT hiring in North America’s banking and payments industry

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The US commanded a leading presence in the region’s banking and payments industry IT hiring activity with an 89.99% share in December 2021, a 20.51% decrease over November 2021. Canada featured next with an 8.02% share, down 26.08% over the previous month. Mexico recorded a 1.99% share, a flat growth compared with November 2021.

Junior Level job postings dominate in December 2021

Junior Level jobs held a share of 59.15%, down by 20.18% from November 2021. Mid Level positions with a 28.02% share, registered a decline of 27.22% compared with the previous month. In the third place was Entry Level job ads with 9.06% share, down 6% over November 2021, while Senior postings accounted for 3.76%, recording a month-on-month decline of 0.97%.