Auto industry filings buzz: 31% drop in future job listings since Q1 of 2021

Indications of the future of work in the filings of companies in the automotive industry were 31% lower in the first quarter of 2022 than in the first quarter of 2021.

Overall, between April 2021 and March 2022, the frequency of phrases related to the future of work was 219% higher than in 2016 when GlobalData, from whom our data for this article comes, first started tracking the key issues pointed to in the company is referred. deposits.

When automotive companies publish annual and quarterly reports, ESG reports and other documents, GlobalData analyzes the text and identifies individual sentences related to disruptive forces that companies will face in the coming years. The future of work is one of these topics – companies that excel and invest in these areas are expected to be better prepared for the future business landscape and better equipped to meet unforeseen challenges.

To assess whether the future of work is more prominent in the summaries and strategies of companies in the automotive industry, two measures have been calculated. First, we looked at the percentage of companies that mentioned the future of work at least once in the files in the past 12 months – this was 59% compared to 23% in 2016. Second, we calculated the percentage of the total sentences analyzed that referred to the future of work.

Of the 10 largest employers in the auto industry, Ford was the company that made the most references to the future of work between April 2021 and March 2022. GlobalData identified 12 future job-related sentences in the US-based company’s filings – 0.09% of all sentences. Lear named the future of work the second most – the problem was mentioned in 0.07% of sentences in the company’s files. Other top employers with a high future of work included Stellantis, Mercedes-Benz and Toyota.

Across all companies in the automotive industry, the submission published in Q1 2022 that highlighted the greatest focus on the future of work came from Tofas. Of the 2,359 sentences in the document, five (0.2%) referred to the future of work.

This analysis gives an approximate indication of which companies are focusing on the future of work and how important the topic is considered within the automotive industry, but it also has limitations and must be interpreted carefully. For example, a company that talks more regularly about the future of work is not necessarily evidence that it is using new techniques or prioritizing the problem, nor does it indicate whether the ventures the company has done in the future of work are successes. or failures.

GlobalData also categorizes the future of work into a series of sub-themes. Of these sub-themes, the most frequently mentioned topic in Q1 2022 was ‘robotic process automation’, which accounted for 78% of all sub-themes of the future of work by automotive companies.

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