The global food service industry experienced a 12% drop in new job postings related to future of work in Q4 2023 compared with the previous quarter, according to GlobalData’s Job Analytics. This compares to a 68% decrease versus Q4 2022. Buy the report here.
Notably, Food Preparation and Serving Related Occupations jobs accounted for a 49% share of the global food service industry’s future of work-related total new job postings in Q4 2023, down 5% over the prior quarter.
Food Preparation and Serving Related Occupations drive future of work-related hiring activity
Food Preparation and Serving Related Occupations, with a share of 49%, emerged as the top future of work-related job roles within the food service industry in Q4 2023, with new job postings drop by 5% quarter-on-quarter. Management Occupations came in second with a share of 10% in Q4 2023, with new job postings dropping by 7% over the previous quarter.
The other prominent future of work roles include Computer and Mathematical Occupations with a 9% share in Q4 2023, Business and Financial Operations Occupations with a 4% share of new job postings.
Top five companies in food service industry accounted for 74% of hiring activity
The top companies, in terms of number of new job postings tracked by GlobalData, as of Q4 2023 were Mitchells & Butlers, AmRest Holdings, McDonald's, University of Texas at Austin Division of Housing and Food Service, and Aimbridge Hospitality. Together they accounted for a combined share of 74% of all future of work-related new jobs in the food service industry.
Mitchells & Butlers posted 558 future of work-related new jobs in Q4 2023, AmRest Holdings 103 jobs, McDonald's 81 jobs, University of Texas at Austin Division of Housing and Food Service 59 jobs, and Aimbridge Hospitality 57 jobs, according to GlobalData’s Job Analytics.
Hiring activity was driven by the UK with a 50.35% share of total new job postings, Q4 2023
The largest share of future of work-related new job postings in the food service industry in Q4 2023 was in the UK with 50.35% followed by the US (34.97%) and Poland (7.25%). The share represented by the UK was 0 percentage points higher than the 50.26% share it accounted for in Q3 2023.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Jobs Analytics 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. classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
