There are some things in life we simply can’t predict. For instance, who could have guessed that a hologram of the late Michael Jackson would perform and
freak everyone out generate buzz at the 2014 Billboard Music Awards? But luckily there are other things that we needn’t be completely blindsided by, such as the U.S. labor market.
You’ve probably spent countless sleepless nights contemplating how the U.S. labor market has changed over recent decades — especially since the aftermath of the recession — and wondering what the future holds.
You may have even woken up in a cold sweat with the realization that the work we do today is quite different than it used to be a few decades ago — and the same will be true for the work we do 10 years from now.
Different in what way, you ask? We pulled a few stats from “The Talent Equation” that we think you’ll find quite useful in helping you see the bigger picture of the issues you’re probably tackling on a daily basis.
The BLS biannual employment projections report confirms the threat of a skills or education gap. Employment in the U.S. is projected to grow by more than 14 percent this decade, and growth of high-skill jobs will outpace the creation of low- or medium-skill positions. -The Talent Equation
Did you know that 17 of the top 30 occupations with the fastest projected employment growth of this decade will require a college degree? Here are the top five along with the expected employment growth numbers.
You may have heard about a little thing called the skills gap. You are probably aware of the high cost of unfilled positions and you may have even spent some time reading up on ways you can jump the skills gap.
And you are certainly not alone.
We may not have all the answers, but hopefully these insights will help as you continue to think about the shifting U.S. labor market and how it can affect you.
“The path to better paying jobs and more opportunities for workers of all skill levels can be found in a national effort to create more knowledge and innovation jobs.” -The Talent Equation
Today’s data-driven hiring climate is difficult to navigate. We get it. “The Talent Equation” can help you make sense of it and propel your business forward. You can download a sample chapter here.