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Where do you see the job market heading in the next 5-10 years?
#business #technology #entrepreneur #economic #computerscience
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7 answers
Molly Thornton
Seasoned HR Professional with a strong background in corporate, volunteer engagement and DE&I activities!
22
Answers
Updated
Molly’s Answer
STEM, business administration, finance, human resources are all good fields to focus on. The harder the skills to earn, the more in demand you will be as a candidate for hire. Do some research on fields that interest you and find some mentors to bounce ideas off of.
Updated
Frank’s Answer
Hello Kelvin,
Looking into the job market in the for the next decade, I would say it will be one that is more digital based compared to previous decades. With companies and business having to deal with the current needs of the their customers and restrictions that might be put in placed due to COVID a lot of the businesses are going to be busy trying to make in person requirements not as necessary. So I would expect a job market looking for individuals that are experienced or at the very least comfortable with recent technology trends or systems to be a prime factor. Not just technology but keeping the customer support or experience a priority will also be important. A company can go digital but if a mistakes happens and the consumer has to deal with a person, companies are still going to want that great customer service to come through.
Looking into the job market in the for the next decade, I would say it will be one that is more digital based compared to previous decades. With companies and business having to deal with the current needs of the their customers and restrictions that might be put in placed due to COVID a lot of the businesses are going to be busy trying to make in person requirements not as necessary. So I would expect a job market looking for individuals that are experienced or at the very least comfortable with recent technology trends or systems to be a prime factor. Not just technology but keeping the customer support or experience a priority will also be important. A company can go digital but if a mistakes happens and the consumer has to deal with a person, companies are still going to want that great customer service to come through.
Updated
Jenifer’s Answer
This is a great question to ask as you are preparing your educational future to ensure you are set up for success. The pandemic has changed so much of the labor industry, but I found it interesting to research where experts are seeing trends on the rise. According to the US Bureau of Labor Statistics (https://www.bls.gov/emp/), here are the industry employment projections for 2020-2030.
--Employment in healthcare and social assistance is projected to add the most jobs of all
industry sectors, about 3.3 million jobs over 2020–30. Within healthcare, employment in
the individual and family services industry is projected to increase the fastest, with
an annual growth rate of 3.3 percent. Factors that are expected to contribute to the
large increase include rising demand for the care of an aging baby-boom population, longer
life expectancies, and continued growth in the number of patients with chronic conditions.
--Technological advancements are expected to support strong employment growth in professional,
business, and scientific services industries, including computer systems design and related
services (2.1 percent projected annual employment growth from 2020–30) as well as management,
scientific, and technical consulting services (2.0 percent).
--Retail trade is projected to lose 586,800 jobs over the 2020–30 decade, the most of any
sector. As e-commerce continues to grow in popularity, accelerated by spending patterns in
the COVID-19 pandemic, demand for brick-and-mortar retail establishments is expected to decline.
--While the manufacturing sector as a whole is projected to have some recovery-driven employment
growth, it also contains 11 of the 20 industries projected to have the most rapid employment
declines. Factors contributing to the loss of manufacturing jobs include continued global
competition and adoption of productivity-enhancing technologies, such as robotics.
--Employment in healthcare and social assistance is projected to add the most jobs of all
industry sectors, about 3.3 million jobs over 2020–30. Within healthcare, employment in
the individual and family services industry is projected to increase the fastest, with
an annual growth rate of 3.3 percent. Factors that are expected to contribute to the
large increase include rising demand for the care of an aging baby-boom population, longer
life expectancies, and continued growth in the number of patients with chronic conditions.
--Technological advancements are expected to support strong employment growth in professional,
business, and scientific services industries, including computer systems design and related
services (2.1 percent projected annual employment growth from 2020–30) as well as management,
scientific, and technical consulting services (2.0 percent).
--Retail trade is projected to lose 586,800 jobs over the 2020–30 decade, the most of any
sector. As e-commerce continues to grow in popularity, accelerated by spending patterns in
the COVID-19 pandemic, demand for brick-and-mortar retail establishments is expected to decline.
--While the manufacturing sector as a whole is projected to have some recovery-driven employment
growth, it also contains 11 of the 20 industries projected to have the most rapid employment
declines. Factors contributing to the loss of manufacturing jobs include continued global
competition and adoption of productivity-enhancing technologies, such as robotics.
Anthony Kofi Hene-Amoah
Translation, Editing, Project Management, Research and Evangelism
176
Answers
Updated
Anthony’s Answer
Thanks very much. I would be very
optimistic here. In the next 5-10
years concerning the job market,
there could be a rise in terms of job creation in general, within the
period, coupled with an increase in better marketing and economic
conditions.
This would be due to favourable marketing and economic conditions.
Best wishes.
optimistic here. In the next 5-10
years concerning the job market,
there could be a rise in terms of job creation in general, within the
period, coupled with an increase in better marketing and economic
conditions.
This would be due to favourable marketing and economic conditions.
Best wishes.
Updated
Vince’s Answer
I expect that the economy will improve in the next 5-10 years. There are quite a few baby boomers and GenX in the workforce and these people will be retiring. This will open up opportunities for younger white collared workers. I believe technical jobs 9engioneering, finance, accounting, etc.) will need more people.
Updated
Joshua’s Answer
This is great question because it is forecasted that our job market is going to increase by 15 million jobs in the next 5 years. This is going to allow a lot of different opportunities for the next generation in the work force. I would say some of the most sought out jobs in the next 5 years will include:
Physician Assistants.
Data Scientists and Mathematical Science Occupations.
Medical and Health Services Managers.
Home Health and Personal Care Aides.
Information Security Analysts.
Physical Therapist Assistants.
Statisticians.
Solar Photovoltaic Installers.
This is based on the following articles: https://www.yahoo.com/video/top-10-fastest-growing-jobs-183013944.html
Physician Assistants.
Data Scientists and Mathematical Science Occupations.
Medical and Health Services Managers.
Home Health and Personal Care Aides.
Information Security Analysts.
Physical Therapist Assistants.
Statisticians.
Solar Photovoltaic Installers.
This is based on the following articles: https://www.yahoo.com/video/top-10-fastest-growing-jobs-183013944.html
Anthony Kofi Hene-Amoah
Translation, Editing, Project Management, Research and Evangelism
176
Answers
Updated
Anthony’s Answer
Please, note the following concerning the job market :-
1. Consider the general economic
conditions.
2. Consider the general
government policies.
3. Issues concerning
mismanagement and
misappropriation of public
funds.
4. Population issues.
5. Marketing issues in general.
(Either favourable or
otherwise).
Best wishes to you.
1. Consider the general economic
conditions.
2. Consider the general
government policies.
3. Issues concerning
mismanagement and
misappropriation of public
funds.
4. Population issues.
5. Marketing issues in general.
(Either favourable or
otherwise).
Best wishes to you.
Hi Anthony, thanks for this answer! Since the student is asking specifically about the future 5-10 years, I’m not sure they are able to use this information to predict the answer. Could you provide some more specific information about the job market in the coming 5-10 years? Thanks so much!
Alexandra Carpenter, Admin