Tips for Recession Proof Jobs until 2020

Tips for Recession Proof Jobs until 2020

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It’s challenging to select a career path that matches up with your personal passions and still puts food on the table. Understanding some of the trends that shape the job market can help narrow your search. If you’re looking for job security and growth, you’ll want to focus on the industries that are adding the most new jobs in the coming decade.

Five Biggest Trends Impacting the Job Market

Aging Baby Boomers

The largest demographic group in the United States 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. The assisted living industry will continue to outpace other areas of healthcare, while growing teams of social workers will help care for less fortunate baby 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.

 

Increased Costs of 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.

On a related note, the rising cost of child care has encouraged many parents to seek opportunities to work from home. Taking advantage of distributed work options, professions that allow parents to spend time with young children have enjoyed rapid growth. Even when those positions pay less than office jobs, the savings created by avoiding paid child care adds tremendous value for families.

There are several careers and job sectors that maintain their stability evening during an economic downturn. During a recession many financial experts advise people to invest in consumer staples – items that everyone must have simply to survive, even in a bad economy. The same holds true for careers and jobs that support the consumer staples industry. During a recession these jobs typically don’t dry up. Consumer Staples includes groceries, health care services, health/medical products, health & beauty aids and home products such as soap, energy, and related goods. Other experts suggest that bars and taverns as well as certain entertainment industries will continue to thrive during a recession.

Rapid Technology Growth

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.

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Recession Proof Jobs until 2020

Surprisingly, labor specialists, renown economists, and the National Association of Colleges and Employees report that employers in a several occupations today are in fact offering signing bonuses and higher salaries than in previous years, notwithstanding the downturn in the economy. These occupations include career fields in Business, Finance, and Information Technology.

The Millennial Generation, those born between 1980 and 2000, is almost as big as the Baby Boomer Generation. What does this mean? It means that there are two large generations of people here in the United States and other developing nations that will require additional and longer-term healthcare, medical and wellness services, as well as financial planning services, since they’ll all be living longer due to advent of predicted medical advances.

For the next 80 years, the Millennial Generation will the greatest consumers of information technology goods and services, computers, and electronic products. This generation will also make up the employees, business owners, and consumers of products and services made available by engineering of all kind. Many will be involved in private space exploration, green industries, and many other cutting edge and evolving industries.

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Based on this information as well as estimates provided by the Bureau of Labor Statistics the following industries are predicted to provide the most hiring and experience the highest job growth of any career sectors. These industries are listed by annual salary.

Industry 1 – Sales and Finance

Marketing Managers
College Major Studies/Degree Required: Advertising or Journalism
Median salary: $98,720
Forecasted job growth: HIGH

Financial Managers
College Major Studies/Degree Required: Finance
Median salary: $90,970
Forecasted job growth: HIGH

Industry 2 – Computer Software

Computer Systems Software Engineers
College Major Studies/Degree: Computer Information Science [CIS]
Median annual salary: $85,370
Forecasted job growth: VERY HIGH

Industry 3 – Engineering

Chemical Engineers
College Major Studies/Degree Required: Engineering
Median annual salary: $78,860
Forcasted Job growth: Moderate

Electrical Engineers
College Major Studies/Degree Required: Engineering
Median annual salary: $75,930
New Jobs Forecast: 10,000+

Mechanical Engineers
College Major Studies/Degree Required: Engineering
Median annual salary: $69,850
New Jobs Forecast: 10,000+

Civil Engineers
College Major Studies/Degree Required: Engineering
Median salary: $68,600
Forecasted job growth: HIGH

Industry 4 – Computer Systems

Computer Systems Analysts
College Major Studies/Degree Required: Computer Information Science and Systems
Median salary: $69,760
Forecasted job growth: HIGH

Industry 5 – Finance/Accounting

Financial analyst
College Major Studies/Degree Required: Business Administration
Median salary: $66,590
Forecasted job growth: HIGHEST of the Top 10

Accountants
College Major Studies/Degree Required: Accounting
Median salary: $54,630
Forecasted job growth: HIGH

Industry 6 – Education

Specifically, Certified Teachers, Teacher’s Assistants & Aides, Adult Education Instructors and Self-improvement Teachers. Due to retiring Baby Boomers many positions in Pre-K-12, adult education, life skills training, after school programs, college summer and year-around work-and-learn, work readiness soft skills training, prep tutoring, job skills training, and many more education sectors will be opening up. It is estimated that America will require more than 3,000,000 teachers and educators by 2015. Growth in demand for educators (especially teachers) should continue to grow through 2050.

College Major Studies/Degree Required: Education
Median salary: $35,780
Forecasted job growth: HIGH

Industry 7 – Energy & Environment

Energy provides a vast array of career opportunities for students and professional with diverse educational backgrounds. Occupations may require anything from a high school diploma to a PhD in engineering. Energy is predicted to be one of the most productive and expansive of national industries for the next century. Green Initiatives in particular should generate reconstruction of many energy sectors and create numerous new job opportunities. Alternative and renewable sources of energy will continue to grow and jobs to support this sector of the energy industry will increase through 2100.

College Major Studies/Degree Required: Various
Salary Estimates: $28,460 to $250,000+
Forecasted job growth: HIGH

Industry 8 – Healthcare

College Major Studies/Degree Required: High school diploma, GED, Bachelors, Masters, MD, PhD, or professional certification Salary Range: $28,000 to $250,000+
Forecasted job growth: HIGH The health care industry provides a wide array of jobs and opportunities for career advancement. Other health care sectors are also growing including veterinary science, psychiatry and psychological services are also growing fast.

Nearly 50% of the 30 fastest growing jobs in the U.S. can be found in the healthcare industry. Some of the jobs include LPNs, RNs, medical assistants, nurse practitioners, physician assistants, physical and occupational therapists & aides, Workers Compensation nurse consultants, and home health aides.

Industry 9 – Security

Computer information security is a rapidly growing career field with unlimited potential. As new information technology applications and inventions are developed the demand for computer security professionals will increase. Industrial security job openings will also add to overall computer security job growth over the next 50 years.

A large number of security jobs will also be generated to address the growing need for Homeland Security and Defense. Over 83,000 homeland security and defense job openings are predicted to come available through 2020.

Security work can require a high school diploma/GED or higher education level.

Industry 10 – Service Industries

The number of service jobs in the United States may fluctuate given the state of the economy but since the 1980s the U.S. has become more and more a service based economy — and this trend is predicted to continue.

One particular segment of the service industry that continues to grow and expand is the food preparation business. From hotels and high-end restaurants to fast food establishments and catering there is every growing number of job opportunities in this industry.

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As in:

http://www.careerprofiles.info/top-recession-proof-jobs.html

http://www.worldwidelearn.com/online-education-guide/top-ten-job-trends.htm

http://www.boston.com/jobs/2013/12/27/top-fastest-growing-jobs/aUvFsEjhGN3iqQcNKohycM/story.html#slide-1

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