The North American healthcare industry experienced a 38% drop in new job postings in Q4 2023 compared with the previous quarter, with the highest share accounted for by CVS Health with 27,982 job postings, according to GlobalData’s analysis of healthcare company job postings. GlobalData’s Healthcare: Hiring Trends & Signals Q4 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the healthcare industry, facilitating anticipation of future workforce needs. Buy the report here.
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Notably, Healthcare Practitioners and Technical Occupations jobs accounted for a 41% share of the North American healthcare industry’s total new job postings in Q4 2023, drop 37% over the prior quarter.
Healthcare Practitioners and Technical Occupations drive healthcare industry hiring activity
Healthcare Practitioners and Technical Occupations, with a share of 41% new job postings, was the occupation with the greatest hiring activity in the North American healthcare industry in Q4 2023 , ahead of Healthcare Support Occupations with a 14% share of new job postings.
The other prominent roles included Office and Administrative Support Occupations with a 7% share in Q4 2023, Management Occupations with a 6% share and Life, Physical, and Social Science Occupations with a 3% share of new job postings.
Top five companies accounted for 23% of hiring activity
CVS Health posted 27,982 jobs in Q4 2023 and registered a decline of 30% over the previous quarter, followed by Tenet Healthcare with 10,488 jobs and a 49% growth. Universal Health Services, with 9,508 jobs, and Providence Health & Services, with 7,102 jobs, recorded a 21% drop and 0.85% drop, respectively, while Advocate Aurora Health recorded a 25% decline with a 7,089 new job postings during Q4 2023.
Regional analysis of hiring in the North American healthcare industry, Q4 2023
The US held the leading share of the North American healthcare hiring activity with a 96.48% share, a 38% decrease over Q3 2023. Canada was next with 3.51%, four-percentage-point down over the previous quarter.
For further understanding of GlobalData's Healthcare: Hiring Trends & Signals Q4 2023, buy the report here.
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