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December 3, 2021updated 20 Jan 2022 5:32am

Internet of things hiring levels in the payment industry rose in November 2021

By Emil Filipov

The proportion of banks, payment providers, cards programmes and processors companies hiring for internet of things related positions rose in November 2021 compared with the equivalent month last year, with 15.5% of the companies included in our analysis recruiting for at least one such position.

This latest figure was higher than the 11.6% of companies who were hiring for internet of things related jobs a year ago but a decrease compared to the figure of 15.7% in October 2021.

When it came to the rate of all job openings that were linked to internet of things, related job postings dropped in November 2021, with 0.1% of newly posted job advertisements being linked to the topic.

This latest figure was the lowest monthly figure recorded in the past year and is a decrease compared to the 0.2% of newly advertised jobs that were linked to internet of things in the equivlent month a year ago.

Internet of things is one of the topics that GlobalData, from whom our data for this article is taken, have identified as being a key disruptive force facing companies in the coming years. Companies that excel and invest in these areas now are thought to be better prepared for the future business landscape and better equipped to survive unforseen challenges.

Our analysis of the data shows that banks, payment providers, cards programmes and processors companies are currently hiring for internet of things jobs at a rate lower than the average for all companies within GlobalData's job analytics database. The average among all companies stood at 0.7% in November 2021.

GlobalData's job analytics database tracks the daily hiring patterns of thousands of companies across the world, drawing in jobs as they're posted and tagging them with additional layers of data on everything from the seniority of each position to whether a job is linked to wider industry trends.

You can keep track of the latest data from this database as it emerges by visiting our live dashboard here.

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