Hiring activity related to ESG increased by a CAGR of 51% in the medical industry since 2020
The global medical industry witnessed a 51% rise in compound annual growth rate (CAGR) in new job postings related to ESG since 2020, according to GlobalData's Job Analytics database. New job postings increased by 121% year-on-year in 2021, and by 4% year-on-year in 2022.
Notably, management occupations jobs accounted for 22% share of the global medical industry’s ESG-related new job postings since 2020.
Management occupations drive ESG-related hiring activity
Management occupations, with a share of 22%, emerged as the top ESG-related job roles within the medical industry since 2020, with new job postings rising by 116% year-on-year in 2021 and by 7% year-on-year in 2022.
Architecture and engineering occupations came in second with a share of 12%, with new job postings rising by 88% year-on-year in 2021 and falling by 10% year-on-year in 2022.
The other prominent ESG roles include computer and mathematical occupations with a 9% share, installation, maintenance, and repair occupations with a 9% share, and sales and related occupations with a 8% share.
The top five companies in the medical industry accounted for 26% of hiring activity
The top five companies, in terms of the number of new job postings tracked by GlobalData, since 2020 were Arjo, Danaher, Thermo Fisher Scientific, GE HealthCare Technologies, and Becton Dickinson. Together they accounted for a combined share of 26% of all ESG-related new jobs in the medical industry.
Arjo posted 13,333 ESG-related jobs since 2020, followed by Danaher with 10,076 jobs, and Thermo Fisher Scientific with 9,583 jobs, according to GlobalData’s Job Analytics database.
New job postings by Arjo increased by 759% year-on-year in 2021 and by 18% year-on-year in 2022, while those by Danaher increased by 71% in 2021 and decreased by 18% in 2022.
Hiring activity was driven by the US with a 71% share of total new job postings since 2020
The largest share of ESG-related new job postings in the medical industry since 2020 was in the US with 71%, followed by the UK (5%) and India (3%). The share represented by the US increased by five percentage points from 69% in 2021 to 74% in 2022.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Job Analytics database 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.