The global sports industry experienced a 20% drop in new job postings in Q3 2023 compared with the previous quarter, with the highest share accounted for by CVS Health with 38,061 job postings according to GlobalData’s analysis of sports company job postings. Buy the report here.
Notably, Management Occupations jobs accounted for an 11% share of the global sports industry’s new job postings in Q3 2023, down 26% over the prior quarter.
Management Occupations drive sports industry hiring activity
Management Occupations, with a share of 11%, was the occupation with the greatest hiring activity in the global sports industry in Q3 2023, ahead of Sales and Related Occupations with a 9% share of job postings.
The other prominent roles include Computer and Mathematical Occupations with a 9% share in Q3 2023, Office and Administrative Support Occupations with a 16% share and Business and Financial Operations Occupations with a 5% share of new job postings.
Top five companies in sports industry accounted for 12% of hiring activity
The top five companies, in terms of number of new job postings tracked by GlobalData, accounted for a combined 12% share of the overall hiring activity in the global sports industry in Q3 2023.
CVS Health posted 38,061 jobs in Q3 2023 and registered a growth of 81% over the previous quarter, followed by Lowe's with 29,721 jobs and a 6% growth. REWE Group with 23,354 jobs and Amazon with 18,383 jobs, recorded an 18% growth and a 23% drop, respectively, while Tesco recorded a 21% drop with 16,882 job postings during Q3 2023.
Hiring activity was driven by North America with a 58% share of total new job postings, Q3 2023
North America held the leading share of the new job postings in the global sports industry with a 58% share, 0.7% higher over Q2 2023. Europe stood next with 22%, registering a 24% decline over the previous quarter.
Asia-Pacific with a 16% share marked a 19% drop over Q2 2023. The South & Central America and Middle East & Africa accounted for shares of 13% and 1% respectively.