The economy is finally heating up again and hopefully bouncing back to its’ pre-recession self, which is causing many U.S. companies in various industries and markets to enhance their recruiting and marketing techniques for the advertisement of new job openings. As The Wall Street Journal reported, “Many of the new jobs are in retailing, accounting, consulting, health care, telecommunications and defense-related industries.” As the Baby Boomer Generation begins their retirement this year, even more jobs will be appearing both through the Internet and other resources. This economic rebound goes hand in hand with the New Year, which is portraying an extremely optimistic and successful outlook for 2011. With this being said, unemployment claims have taken a plunge exemplifying the positive turnaround of the economy.
Industries Warming Up
With the economy slowly catching back up to speed, people are taking a closer look as to what degrees will get them job offers, job satisfaction, and ultimately, financial reward and stability. As The Wall Street Journal previously mentioned, careers in healthcare, retailing, accounting, telecommunications, and consulting, are a handful of industries that are, for the most part, constantly posting openings on the job boards. In an article written by Yahoo! Education, the number one degree that will give people a great return on their educational investment is Business Administration. Number two is a Bachelor’s Degree in Health Care Administration, the third is an Associate’s Degree in Paralegal Studies, the fourth is a Bachelor’s Degree in Finance, and the fifth a Bachelor’s Degree in Accounting. These areas of study that are supposed keep on giving are entryways into the fields that are most likely flourish in the immediate future.
The Rise of Retirements
Also contributing to the increase in job postings is the retirement of the Baby Boomer generation. Various analysts are predicting that this retiring generation will hurt many U.S. companies, which will leave the younger workers with less experience to fill the nation’s offices. Even today, many companies are seeing the beginning of the Baby Boomer retirements and have to quickly hire more people to fill their spots. For example, in Oregon, the Portland Police Bureau recently ended their hiring freeze and plans to fill 20 plus vacancies for a wave of retirements in 2011. A local Portland newspaper reported how the bureau has “gotten the green light to hire new officers and continue to recruit candidates after the City Council approved $1.5 million for the Police Bureau to prepare for a wave of recruitments…The bureau now has to fill 22 vacancies and expects between 30 and 60 retirements in the first six months of 2011.”
Companies are starting to hire more employees and post more job openings than the nation has seen in a couple of years. Because of this, it is important to be prepared, which comes with going to school to get into a successful industry. As The Wall Street Journal stated, “It is said that the number of U.S. job postings on the Internet rose from 4.7 million on December 1st, up from 2.7 million a year earlier.” With the recovering economy and the rise of job offers it is bringing, companies are taking a step forward and are predicted to hire more employees than they have since the beginning of the recession.
-Robert Boroff is the Managing Director of Reaction Search International Marketing Recruiters Sales Management Headhunters a leading sales and marketing Executive Search Firm that assists both U.S. and International firms recruit all levels of sales and marketing experts Globally.
The Executive Search Consultants at Reaction Search International Executive Recruiters Sales successfully placing top performing candidates since 1995.
