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5 of the Best Industries for Job Seekers and Recruiters in 2017

December 2nd, 2016 Comments off
5 of the Best Industries for Job Seekers and Recruiters in 2017

Every good business experiences periods of growth. Some are influenced by customer demand, while others are spurred on by changing technology. CareerBuilder and Emsi have identified five industries in a new study that are poised for fast growth in 2017, which would be great news for both candidates and talent acquisition teams.

The new study uses CareerBuilder and Emsi’s extensive labor market database, which pulls from a variety of national and state employment resources as well as online job postings. Industries with the greatest potential were identified by three main factors:

  1. Occupations that pay, on average, around $20 or more per hour
  2. Employment has grown faster than the overall labor market from 2012 to 2016
  3. Occupations have high employment numbers that translate to even more job opportunities to job seekers

 

CareerBuilder CEO Matt Ferguson believes that growth in these categories may be due to factors beyond simple supply and demand:

Our research shows that employers are very invested in expanding headcount in areas such as analytics and data science, product development and sales as they strive to stay competitive in B2B and B2C markets.

The table below shows industries and occupations where workers will find a larger number of opportunities in the coming year. (Note: The average hourly earnings are for the category overall. The job titles listed can earn significantly higher than the average.)

 

Occupation Category 2012 Jobs 2016 Jobs 2012-2016 Increase in Jobs Average Hourly Earnings Examples of In Demand Job Titles
Business and Financial Operations 7,358,038 7,938,303 585,265

8%

$35.09 *Operations Manager

*Business Process Analyst

*Product Development Specialist

*Financial Analyst

*Office Manager

Information Technology 3,926,758 4,398,862 472,104

12%

$40.82 *Data Scientist

*User Interface / Front End Developer

*Product Manager

*Mobile Software Engineer

*Information Security Manager

Health Care 8,035,052 8,641,939 606,887

8%

$37.77 *Family Practitioner

*Medical Director

*ICU Nurse

*Cardiologist

*Physical Therapist

*Rehabilitation Nurse

Sales 15,143,749 16,057,815 914,066

6%

$19.06 *Account Executive

*Account Manager

*Business Development Manager

*Client Services Coordinator

Skill Trades 12,049,958 13,067,497 1,017,539

8%

$21.38

*Electrician

*Plumber

*HVAC Technician

 

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U.S. Adding 7M Jobs by 2021, But Which Ones Will Grow the Most?

September 26th, 2016 Comments off

The U.S. is expected to grow 5 percent over the next five years, adding more than 7 million jobs by 2021, according to a recent study from CareerBuilder and Emsi.

As may be expected, however, some jobs will grow at a much faster rate than the average, while others will decline. Middle-wage jobs in particular (jobs that pay $13.84 – $21.13 per hour) will see slower growth than high- and low-wage jobs – at 3 percent overall.

Looking at some of the fastest-growing high-wage jobs (jobs that pay at least $21.14 per hour), software developers and computer systems analysts are both projected to grow 12 percent by 2021; among middle-wage jobs, medical assistants and customer service representatives are among the fastest-growing jobs (at 11 percent and 6 percent, respectively); meanwhile, home health aides are outpacing the rest of low-wage jobs (jobs that pay $13.83 or less) with 19 percent growth.

The study also outlines occupations in all categories that will see declines over the next five years, including postal service mail carriers, real estate agents, printing press operators, travel agents, door-to-door sales workers and sewing machine operators.

What Does This Mean For You?

As you consider the future of your business and the direction in which it is growing, understanding which jobs will see more demand and higher competition for talent – and, consequently, which jobs will see less – will help you as you create your recruitment strategy.

Get more details from the study here.

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17 Consumer Behaviors That Are Shaping the Labor Market

September 2nd, 2016 Comments off
17 Consumer Behaviors That Are Shaping the Labor Market

On Monday, September 5, we honor the workers that continue to make our country strong and flourish in a global economy. However, the occupations that grow and decline in America are different with each generation.

Consumer behaviors and preferences play a major part in U.S. job creation. This week, CareerBuilder and Emsi released a study of occupations that are growing and the behaviors that can be attributed to their success.

Each behavior was grouped into one of three main factors: lifestyle changes, technology advancements and globalization. The study looked at job totals from 2012 through 2016 to get an idea of how the occupations have grown in just a few years.

Matt Ferguson, CEO of CareerBuilder and co-author of “The Talent Equation,” says “Whether we’re talking about the rise of the sharing economy, the power of smart technology or companies communicating in multiple languages and time zones, these trends are moving the needle on job growth for a wide variety of fields.”

How might your industry be impacted by these trends? Below are some of the major shifts in consumer behavior, as well as a closer look at the occupations they’re likely to impact.

 

 

Lifestyle Changes 

 

Occupation Impacted

 

Current Number of Jobs

 

Number of Jobs Added 2012 to 2016

Percentage of Job Growth 2012 to 2016

 

People are choosing to eat out more, giving rise to the “foodie” generation.

Cooks, Restaurant

1,219,433 164,804

16%

More people are embracing the sharing economy. (example: Uber)

Taxi Drivers and Chauffeurs

283,175 37,023

15%

America is becoming more health-conscious.

Fitness Trainers and Aerobics Instructors

309,519 33,303

12%

Families are more careful with finances after the last recession.

Personal Financial Advisors

257,493 29,913

13%

More people are choosing to bank and shop online.

Information Security Analysts

86,563 9,342

12%

Couples are postponing having children until later in life.

Obstetricians and Gynecologists

25,219 1,082

4%

 

 

Technology Advancement

 

 

Occupation Impacted

 

Current Number of Jobs

 

Number of Jobs Added 2012 to 2016

Percentage of Job Growth 2012 to 2016

 

There’s an “app” for everything and “smart” technology is moving beyond phones to clothes, homes and more.

Software Developers, Applications

772,195 112,045

17%

Technology has made advertising become more intuitive and effective based on ability to track and interpret online behavior.

Marketing Managers

208,611 19,024

10%

Technology has become ingrained in everyday life and is how people stay connected.

Computer User Support Specialists

665,646 63,849

11%

Technology is catching health disorders sooner and extending lives.

Medical Records and Health Information Technicians

198,831 14,451

8%

Technology is enabling companies to corral and interpret big data to make better business decisions.

Database Administrators

120,476 9,794

9%

Technology is integrated into countless consumer and business products with new offerings and iterations released all the time.

Technical Writers

55,129 5,381

11%

 

 

Globalization

 

 

Occupation Impacted

 

Current Number of Jobs

 

Number of Jobs Added 2012 to 2016

Percentage of Job Growth 2012 to 2016

 

Companies are serving customers in different time zones, meaning workers are needed at all hours.

Customer Service Representatives

2,674,925 225,910

9%

Companies are looking to gain a greater understanding of international markets they’re targeting.

Market Research Analysts

532,336 67,551

15%

Expanding beyond borders is requiring communication in different languages.

Interpreters and Translators

78,455 9,845

14%

There is greater emphasis on preserving the global environment.

Wind Turbine Service Technicians

7,061 1,889

37%

Maps for mobile phones and navigation systems are in demand as people explore new terrain.

Cartographers and Photogrammetrists

13,193 1,802

16%

 

Students and workers looking for information on careers can get detailed insights at findyourcalling.com or by viewing career profiles under the “Browse Jobs” header on the CareerBuilder homepage.

 

Middle-Wage Jobs Aren’t Growing at the Same Rate as Others

August 5th, 2016 Comments off
Sixty-One Percent of Occupations Projected to Lose Jobs Over the Next Five Years are Middle-Wage

With the general election on the horizon, each candidate continues to focus on the importance of adding new jobs to our economy. One thing we can all agree on: Everyone wants to add a large – some say ‘uge – number of well-paying jobs during their presidency.

In fact, over the next five years, the U.S. economy is projected to add over 7.2 million new jobs, according to labor-market data experts at Emsi. But, growth is not consistent among those jobs that earn low, middle and high wages.

According to CareerBuilder and Emsi research, high-wage and low-wage occupations are each projected to grow 5 percent from 2016 to 2021, but middle-wage jobs are only estimated to grow 3 percent. At the same time, 61 percent of the 173 occupations expected to lose jobs over the next five years are in the middle-wage category.

The trend of declining middle-wage employment is nothing new, but continues to pose serious consequences for the economy overall, says CareerBuilder CEO Matt Ferguson:

If we can’t find a way to re-skill and up-skill workers at scale, middle-wage workers will become increasingly susceptible to unemployment or will have to move into lower-paying roles that may not support them and their families. This can have a negative ripple effect on consumer spend, housing, investing and other key financial indicators.

Top Growing and Declining Jobs by Wage Category

Growing High-Wage Occupations

Occupation 2016 Jobs 2021 Jobs Job Added 2016 – 2021 2016 – 2021  % Change
Software Developers, Applications 772,195 861,122 88,927 12%
Computer Systems Analysts 600,001 671,245 71,244 12%
Market Research Analysts and Marketing Specialists 532,336 590,363 58,027 11%
Management Analysts 798,484 870,713 72,229 9%
Registered Nurses 2,870,340 3,116,957 246,617 9%

 

Declining High-Wage Occupations

Occupation 2016 Jobs 2021 Jobs Job Added 2016 – 2021 2016 – 2021  % Change
Postal Service Mail Carriers 303,325 279,023  (24,302)  (8%)
Reporters and Correspondents 47,501 44,063  (3,438)  (7%)
Construction Managers 368,245 350,774  (17,471)  (5%)
Real Estate Sales Agents 415,006 400,417  (14,589)  (4%)
First-Line Supervisors of Production and Operating Workers 622,435 617,020  (5,415)  (1%)

 

Growing Middle-Wage Occupations

 

Occupation 2016 Jobs 2021 Jobs Job Added 2016 – 2021 2016 – 2021  % Change
Medical Assistants 631,435 701,056 69,621 11%
Customer Service Representatives 2,674,925 2,846,989 172,064 6%
Maintenance and Repair Workers 1,466,944 1,535,161 68,217 5%
Heavy and Tractor-Trailer Truck Drivers 1,926,886 2,009,133 82,247 4%
Office Clerks 3,365,039 3,489,518 124,479 4%

 

Declining Middle-Wage Occupations

Occupation 2016 Jobs 2021 Jobs Job Added 2016 – 2021 2016 – 2021  % Change
Printing Press Operators 174,311 159,083  (15,228)  (9%)
Farmers, Ranchers, and Other Agricultural Managers 494,879 458,732  (36,147)  (7%)
Travel Agents 77,683 72,789  (4,894)  (6%)
Carpenters 1,053,273 1,031,359  (21,914)  (2%)
Bookkeeping, Accounting, and Auditing Clerks 1,780,151 1,752,270  (27,881)  (2%)

 

Growing Low-Wage Occupations

Occupation 2016 Jobs 2021 Jobs Job Added 2016 – 2021 2016 – 2021  % Change
Home Health Aides 992,134 1,179,527 187,393 19%
Cooks, Restaurant 1,219,433 1,333,041 113,608 9%
Nursing Assistants 1,520,614 1,655,662 135,048 9%
Security Guards 1,185,116 1,260,953 75,837 6%
Janitors and Cleaners 2,632,801 2,792,345 159,544 6%

 

Declining Low-Wage Occupations

Occupation 2016 Jobs 2021 Jobs Job Added 2016 – 2021 2016 – 2021  % Change
Door-to-Door Sales Workers, News and Street Vendors 78,078 64,271  (13,807)  (18%)
Sewing Machine Operators 157,931 135,575  (22,356)  (14%)
Floral Designers 53,876 48,391  (5,485)  (10%)
Cooks, Fast Food 545,746 530,839  (14,907)  (3%)
Tellers 501,879 490,202  (11,677)  (2%)

 

Keeping up with skills that are in high demand in today’s market has become more important than ever. CareerBuilder and Capella Education have partnered to deliver RightSkill as an educational platform designed to tackle these tough challenges. Learn more.

Small Businesses Added 61,000 Jobs in July, According to ADP

August 3rd, 2016 Comments off
Circling a career opportunity that wants motivated individuals. Shot with very narrow DOF.

The ADP released its July 2016 Small Business Employment Report today, which shows that small businesses added 61,000 jobs in the month of June. While these are modest gains, and significantly lower than the 95,000 jobs added in June and 76,000 jobs added in May, it is not unusual for businesses to go through a bit of a “summer slump” when it comes to hiring.

Looking at company size, very small businesses (those with 1-19 employees) added 22,000 jobs, and other small businesses (those with 20-49 employees) added 39,000 jobs.

Some sectors fared better than others last month. Small businesses in the goods-producing sector actually lost jobs – 3,000, to be exact (2,000 among very small businesses, and 1,000 a month other small businesses). Meanwhile, those in the service service-providing sector added 64,000 jobs (24,000 in very small businesses and 40,000 in other small businesses).

The report is brighter for overall job growth, however. While small businesses added fewer jobs, overall (nonfarm) job growth exceeded last month’s numbers. The U.S. added 179,000 jobs in July – 7,000 more jobs than in June. These numbers reflect continued, healthy growth.

And according to CareerBuilder’s Small Business Midyear forecast, employers will continue to fill jobs if at a more modest pace than last year. Whether you are actively hiring or maintaining staff size for the moment, it’s important to keep collecting resumes and keeping track of interested candidates. Why? Consider these four big benefits to building your talent pipeline.

Job Growth is Strong: Will you Have to Pay More?

February 19th, 2015 Comments off
Wage growth

According to the January jobs report, U.S. employers added 257,000 jobs, beating expectations. The report has also shown some increase in wages. The bad news within this good news is you may have to increase compensation.

In a recession, the increase in unemployment puts downward pressure on wages. In fact, a high level of unemployment can indicate that wages are too rigid and have not come down enough. It’s supply and demand: In a recession, demand for workers is low, so wages need to decrease to allow more workers to find and keep a job. Right now, we are (finally) out of a recession, so one can expect wages to come back up as job creation increases and unemployment decreases: But how quickly do these adjustments happen? What do we know about wages’ response to the business cycle?

If we look at all employed workers, we see that, in the U.S., a 1 percentage point decrease in unemployment is associated with a 1.2 percent increase in real wages (i.e. after accounting for inflation). So if the unemployment rate were to decline from its current 5.7 percent level to 4.7 percent by the end of the year, real wages would likely increase by about 1.2 percent. This number gives us an idea of how much the compensation of the average worker is likely to increase if the economic outlook continues to improve.

The impact on new hires

Recruiters, beware: For new hires, the impact of economic conditions is even stronger. If the unemployment rate were to decline from its current 5.7 percent level to 4.7 percent by the end of the year, real wages of new hires would likely increase by about 1.8 percent (Martins, Solon, Thomas, 2012). CareerBuilder’s Supply & Demand portal can help you stay ahead of the compensation trends and decide on a competitive compensation package for your vacancy. In a nutshell, recruiters should budget for increases in the compensation to stay competitive in the race for talent as the state of the economy improves.

Have you had to increase compensation for new hires? Tell us in the comments section.