5 Top Industry Sectors Predicted To Show Growth In Employment
What will the new decade bring for employment and career prospects? An interesting set of statistics posted by the Bureau of Labour offers some insight into trends and provides information on where career and business opportunities might lie.
1) Management and consulting services
Leading the list of five industries with the largest wage and salary employment growth potential in the ten years from 2008 to 2018 is the category of management, scientific and technical consulting services.
The sector falls under professional and business and could see an increase of 82% in employment figures. It will certainly prove to be the decade for consultants and professional advisors.
2) Services for the elderly and persons with disabilities
There is no prize for reckognising this as a growth area for employment. This field, falling under health care and social assistance, is considered to grow by 73% in providing employment and business opportunities.
With the ageing population in almost all parts of the world, it is not difficult to see that providing care for elderly people will be a substantial growth industry. Furthermore, as civilisations become more aware of the rights of disabled people, this in turn will lead to more inclusive care facilities for disabled people.
Besides the trend towards mainstreaming disabled people in schooling and the work environment there is a further push to allow disabled people to live independent lives. This particular trend will lead to a growth in the category described in number three.
3) Home health care services
Another winner in the health care and social assistance sector is the home health care service industry. This is considered to have growth potential of 46% for wage and salary employment.
Allowing the elderly to remain at home and providing assistance with care will become a more humane way of dealing with frail people. Add to this the care of disabled people at home rather than at institutions and one can see this sector could be in for a growth in employment opportunities.
4) Computer system designs
Systems design and related services falling under professional and business sector is considered a growth area in terms of wage and employment and is said to be growing by up to 45% in the period under discussion.
Technological innovation will provide for a large scale requirement for computer systems. Every gadget has a computer chip and operating system. Designing these will allow for more employment. Could it mean that computer science should become a compulsory subject in schools?
5) Retail trade
The retail trade may be growing and showing an increase in wage and employment opportunities of 40% during the term under discussion. Some of this growth could be diversified though in that the retail sector is showing particular growth in the online environment.
Some parts of retail will migrate more towards the computer system design skills set and move away from stacking shelves and ringing up goods on a cash register. Either way, retail will employ more people.
These are some interesting trends and it might be advisable for young people and members of the older generation finding themselves without traditional jobs to focus on acquiring skills in any of the above industry sectors.