It can be hard to determine how much hiring a business will have to do during the upcoming fiscal year, but employers may need to look past 2014 to see if they are prepared for future industry-wide challenges.
For example, working-class positions have been readily available, but that may change within the next decade, according to reports from the Bureau of Labor Statistics. Growth among positions that require at at least a high school diploma is expected to increase by 8 to 11 percent. While occupations in the food services and sales industries are estimated to both bring in 1.1 million positions, that is significantly lower than more technologically advanced professions.
This shows that jobs that put the United States on the map during the 20th century may be on their way out, while occupations that require an Associate’s or Master’s degree increase by 17 to 18 percent.
“This growth is largely a result of the concentration of these occupations in the fast-growing healthcare and social assistance industry, which is projected to add a combined 255,000 of the 448,500 new jobs in occupations requiring a master’s degree,” BLS report reads.
In terms of where this shift is going, the Martin Prosperity Institute took BLS’ information and put into a three-line graph — reinforcing that working-class jobs are facing a steady decline while creative and service classes are heading upward. In total, about 15.6 million jobs will be created in the United States by 2022.
Industries that are expected to contribute to the country’s employment trends can prepare for such arrangements through the use of HR software solutions. This system clearly outline’s the company’s workforce, which depending on the direction of the business, can determine where expansion or downsizing might occur.