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  • The Changing Job Market for the Future Generation

    The Changing Job Market for the Future Generation

    To understand the changing job market, we need to know why it changes. There are four main drivers for change: economics, technology, demographics such as age, culture or gender, and consumer behaviour. Changes in one or more of these areas can greatly affect the job market; so when planning for the future, it’s always better to look at labour market trends rather than today’s hot jobs.

    With the economy being in a constant state of flux, businesses are forced to become more competitive and seek new ways to understand consumer and market trends. Data analysts, market researchers, skilled sales people will be hot opportunities for those with the right skills.

    Many jobs are being replaced with technology, but with this comes new job opportunities. This is why we’re seeing a decline in clerical and repetitive jobs such as retail cashiers and data entry clerks but a rise in technology-related jobs such as engineers, application developers and designers. With new technologies also come emerging careers, such as computer security specialist, global positioning systems technician and electronic commerce specialist.

    The skilled trades present excellent opportunities and there will always be a need for electricians, welders, carpenters, construction workers, and other trades people. Today, we’re facing a shortage in skilled workers which means numerous opportunities and higher salaries.

    The population is getting older, especially in developed countries like the US, Canada and Japan. With this comes an increased demand for health related professions such as doctors, nurses, pharmacists, and personal care-givers.

    Business is business and people will always have to make sound financial decisions. If you’re savvy with finances and have good people skills, a career in financial services may be for you.

    Some careers will experience fluctuations in supply and demand, but there will always be a need. Examples are teachers, doctors, dentists, lawyers, accountants, food and beverage servers, and law enforcement professionals.

    In this ever-changing job market, you may be wondering how you can keep up. Here are five suggestions:

    Learn what is happening in the world and how it’s changing. Listen to the news, research on the internet and talk to people. Then, you can plan how to prepare yourself for the workplace.

    Find mentors or examples. If someone is doing the job you dream of, ask them to mentor you and help you get there. You’d be surprised at how much people love helping others.

    Be willing to be a novice. Look for opportunities to learn something new. Never be afraid to say “I don’t know.” To keep up with this fast paced job market, you have to stay on a learning curve.

    Change your mindset. Don’t get trapped into thinking “my approach always worked – if it’s not broke, don’t fix it!” This type of mentality will keep you in a rut, and you’ll be left behind.

    The job market is changing quickly, but it doesn’t have to be scary. There’s a place for all of us in this world; so use this time to explore new, exciting opportunities!

    ____________

    Giselle Mazurat is a resume writer living in Winnipeg, Manitoba. She also writes technical and business content for government and private companies.

     

    References:

    5 Ways To Keep Up In Today’s Job Market http://www.forbes.com/sites/erikaandersen/2013/09/16/5-ways-to-keep-up-in-todays-job-market/

    Career trends: The essential skills you’ll need for the jobs of the next five years http://www.workopolis.com/content/advice/article/career-trending-where-the-jobs-will-be-through-2020-and-beyond/

    What new occupations and industries are emerging? http://www.tcu.gov.on.ca/eng/labourmarket/ojf/upComingJobs.html

    Why do Jobs Change Over Time? http://www.tcu.gov.on.ca/eng/labourmarket/ojf/changeOverTime.html

  • Five Biggest Trends Impacting the Job Market

    Five Biggest Trends Impacting the Job Market

    Aging Baby Boomers.
    The largest demographic group in Canada  is heading for retirement. Of course, this will mean something very different for many Baby Boomers than for older generations. Boomers have maintained their health and stayed in the job market longer than any other generation of citizens in our country’s history.

    As they grow older, Baby Boomers will require more frequent, specialized medical care . They will also want to maintain connections with careers and family for as long as possible. Therefore, expect to see continued growth in fields that cater to their wishes. Growing teams of social workers and nurses will help care for the needs of these boomers

    Better Medicine.
    The high output of the pharmaceutical industry , combined with constant innovation in the rest of the medical field, helps us live longer, more productive lives. New treatments for previously fatal diseases require new approaches for rehabilitation. Likewise, many adults expect to work far beyond the traditional retirement age. Therefore, patients demand a new generation of physical therapists and other specialists to help prolong their quality of life.
    Child Care.
    As today’s parents demand higher quality from their child care providers, the marketplace has responded with a variety of programs to help meet parents’ needs. The explosive growth of pre-kindergarten educational programs call for highly trained educators who command more competitive salaries than their predecessors. Therefore, especially in major cities, the cost of caring for young children has skyrocketed. As a result, early childhood education has become a more lucrative and more stable profession than ever before. Though it has traditionally been a low-paying job, child care specialists today can expect to earn far more money today than peers who entered the field even a few years ago.
    Rapid Technology Growth.
    Despite fears that many  companies look overseas for development of new technology, the rapid advance of ideas and the need for constant upgrades assure  technology professionals of consistent job security over the next ten years. Businesses of all kinds have found themselves locked into the equivalent of an arms race with their competitors. Companies must provide their teams with the best equipment and resources, or face defeat.

    Likewise, continual innovation assures technology workers that new machines, cables, and other equipment will have to be installed every few years. Even Internet infrastructure, which was designed to provide nearly limitless connections, is being overhauled to accommodate a previously unimaginable number of new devices. Therefore, IT professionals who specialize in networking installation, and support will remain in demand as more businesses rely on new technology to help them compete.

    Distributed Work.
    The giant factories and smokestacks of a hundred years ago are fading into the pages of history books. Many of today’s workers report for duty at smaller offices or manufacturing plants, connected by information networks and sophisticated shipping infrastructure.

    A growing number of employees, especially specialized consultants and leaders, divide their time among multiple locations at companies or client organizations. This trend has led to the use of  “hot desking,” where workers report to a different workstation at the start of each shift, instead of keeping their own desk or cubicle. Many workers telecommute, allowing them to reinvest time spent commuting into more productive work or family time.

    As a side effect, more workers are relocating to larger homes, farther away from city centers. Whether they want to enjoy more peaceful surroundings or they simply want to reconnect with family or friends, these shifting workers create demand for home construction , renovation, and infrastructure development.