Posts Tagged: job growth


Fastest Growing Industries: Who Will Need Help?

October 5th, 2016

titles-for-talent-acquisition-professionalAs the US Economy continues to recover slowly from the economic downturn of 2008, certain industries are booming, and a few you may not think of right away. Consequently, there are industries that can’t find talent fast enough. According to Economic Modeling Specialist International, CareerBuilder’s labor market analysis branch, these industries will be adding thousands of jobs, but are challenged in recruiting the talent to grow at such a pace. What are a few industries that will grow the fastest?

1. Online and Electronic Shopping

It’s no secret that online shopping has changed the way people purchase goods. For those looking for a job, this is the fastest growing industry out there. Companies such as Amazon and eBay have become huge hits with the general public. In such case, expertise in high volume hiring and recruiting is key. Do you have your own talent that specializes in sourcing and recruiting huge numbers of candidates for the retail field?  In the next five years, the industry is projected to add close to 80,000 jobs, a 32% increase.

2. Translator and Interpreter Services

As the workforce continues to diversify, people who speak a second language are at a premium. From businesses to hospitals and everywhere in between, translators are in high demand. This industry will witness job growth close to 30%. At the same time, talent acquisition professionals who speak more than one language can really carve out a niche to partner with businesses to help hire and recruit bi-lingual candidates.

3. Physical, Occupational, and Speech Therapists

Modern medicine continues to advance and is truly a miracle of science. People are getting back to work more quickly, but patients require a large amount of therapy to return to the workforce or even get out of bed. This means plenty of available jobs for those who are licensed in various fields of therapy. This industry will add close to 100,000 jobs in the next five years, representing a 25% increase. The challenge is identifying and retaining these therapists as the industry booms and candidates are more sought after.

Job growth can almost always translate into talent acquisition growth. Businesses and industries with excelling job creation need help recruiting talent. Positioning yourself as an Talent Acquisition expert in a certain industry can put you at an advantage over competition. Do you need need help identifying talent in high-growth industries? Give us a call at (877) 746-8450.

 

 

Hiring: All Signs Point to Growth

June 24th, 2015

After reviewing recent news about recruiting and staffing trends in 2015, all signs point to growth. Below are excerpts from industry surveys and forecasts published this month (June 2015), and CBI Group President, Chris Burkhard’s response to the hiring optimism.

2015 recruiting trends

CFOs in the US are more confident now than they have been in years. – American Staffing Association
The 2015 CFO Outlook Survey conducted by Financial Executives International and Baruch College’s Zicklin School of Business found “67% of respondents indicated they have plans to hire at their company in the next six months, representing the highest percentage of CFOs to respond positively to this question in three years. The survey also found 77% of CFOs were not forced to reduce headcount over the past 12 months. Furthermore, 74% of respondents said wage levels they are paying are on the rise. The optimism index for US CFOs’ own businesses increased to 74.01 in this quarter’s survey, the highest reported since 2006.”

May Jobs numbers FAR exceeded expectations. – CareerBuilder
“U.S. employers added 280,000 jobs in May, which is the biggest job gain since the end of 2014 and much higher than the 225,000 jobs economists were expecting. That’s especially good news if you look back at some of the numbers from earlier this year.”

All metro areas set for job growth this year. – US Conference of Mayors
“2015 will mark the first year all 363 metro areas will see job growth since the economic recovery began, according to a new economic forecast released by the US Conference of Mayors and prepared by ISH Global Insight. The forecast also projects 316 metros, 87%, will see job growth greater than 1.0%, with only 47 areas, 13%, experiencing job growth of 1.0% or less.”

US staffing employment up more than 5% over year. – American Staffing Association
US staffing companies employed an average of 3.13 million temporary and contract workers per week in the first quarter of 2015, up 5.5% from the same period in 2014, according to data released today by the American Staffing Association. “Even with weak economic growth in the first quarter, demand for temporary and contract talent increased as businesses increased the size of their flexible and permanent workforces,” said ASA President and CEO Richard Wahlquist. “The continued growth in staffing employment means more long-term opportunities for job seekers.”

The US is projected to create 8 million jobs from 2014-2019 — a 5% increase. – CareerBuilder

“CareerBuilder has released a list of the industries expected to add jobs at an accelerated pace from 2014 to 2019… and it’s not just STEM jobs that look to have especially promising growth in the next several years. Technology and globalization continue to change the composition of the US workforce and push our economy in new directions. Based on EMSI’s data from more than 90 national and state employment resources, it appears the US is projected to create roughly 8 million jobs from 2014 to 2019 – a 5 percent increase. A significant number of industries will likely experience an even greater percentage gain during this period.

Around one-third of all U.S. industries are expected to outperform the national average for employment growth over the next five years. While it’s not surprising that technology and health care made the list, the accumulation of new jobs will take place within a diverse mix of industries requiring a broad range of skills and experience.”

The list represents 20 industries that are projected to add at least 10,000 jobs and experience 15% growth in employment over the next five years.

CBI Group President, Chris Burkhard’s response to signs of growth:

I am never more concerned than when all signs point to good times. Not to be contrarian in nature just for the sake of it. However, all of this demand, hiring and need for a contingent workforce solution will require a dramatic shift in how employers approach this “problem.” No longer can you post and pray with job boards or simply spend money to solve it. Organizations are going to need to make Talent Acquisition a strategy just like Finance, Operations, Sales and Marketing. And this time it is going to need to be foundational — pretty marketing around your employer brand or adding a few more recruiters on contract will not provide a sustainable fix. Talent strategy will need to be forever! Or until the next downturn or recession. And even then, great firms will be in a spot to take advantage of their strong position by scooping up the best talent!

Isn’t Every Job Temporary?

September 7th, 2011

Sometimes seeing and acknowledging workforce and workplace change happens very slowly. For the past fifteen years there have been predictions that almost 50% of our total workforce will be contingent workers. To be specific, contingent means temporary, contractual labor, even seasonal and part-time workers.
 
We are not close to 50% yet, however, it seems with each economic business cycle the numbers edge upward. And you know what? I am beginning to wonder what ‘temporary’ means when it comes to jobs. But I will get back to that premise in a minute. First, let’s talk about the business side of the workforce.
 
Smart businesses have learned to manage their labor costs. Much attention and press has been given to our slow moving economy and the minimal job growth. Companies survived through the recession by trimming their “core” jobs and by reducing their contingent workers. In fact, from 2007 through mid-2009, the temporary workforce dove by 33.7% while the total private workforce dropped by just 5.8%, according to an analysis of Bureau of Labor Statistics data in The Atlantic.
 
For years the staffing industry has been espousing the benefits of a “contingent workforce strategy.” The numbers from 2007-2009 are evidence that businesses could reduce their costs and were able to do so quickly. In other words, the plan worked. Typically cost comes into play, simply put, there are less employee benefit costs. And for most, cost is a driver for using “temps.” However, the real benefit has been flexibility. The flexibility to lower labor costs quickly. The flexibility to change your workforce overnight. The ability to NOT have to build a permanent Human Resources department to screen, qualify, hire and fire. And finally, the ability and flexibility to add skills and competencies for project work.
 
And the numbers support that. In 2010, employment in temporary help services rose by about 300,000 to 2.21 million, according to the BLS. “By 2012, contingent employment will have returned to 2008 levels,” says Dana Shaw, senior vice president for strategy and solutions at Staffing Industry Analysts in Mountain View, Calif.
 
Growth and decline and temporary jobs will happen as a part of smart business. But isn’t every job temporary anyway? Have you ever looked at the average tenure of leaders of public companies? Some studies support that they average a little over year. I know some contract work that is longer than that! Besides, think about your job. Yes, the one you are in right now. Think about how much project work there is with a beginning and an end. Think about how frequently you are challenged to do things that aren’t written in your job description. Businesses demand both productivity and a growth in skills from its workers.
 
Burkhard theory suggests that most people are congruent or right for their jobs just a few times a year. Companies change fast. Jobs evolve. We grow in interest and in skill, and our job might not. Or the job changes around us and we might not be capable or even interested in how it evolves. If you’re in a fast-growing company, skills and work experience will change faster than people can settle in. If your business is shrinking? Many employees become too experienced for their role.
 
It seems like just yesterday that we all wanted was to work for parental companies and retire with the gold watch after thirty years. Many of us lived through the “age of free agency” in the workforce and perhaps scoffed at it for our own careers. Change comes slowly. However, change does come. And perhaps we are beginning to realize that every job is in fact “temporary.”
 

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