Keys to Your Future Employment Trends in the New Millennium.

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Presentation transcript:

Keys to Your Future Employment Trends in the New Millennium

Approximately 50,562,000 job openings are projected to become available during the 2000 – 2010 period.

Most employment growth will be in three industries. Health services Health services Retail sales Retail sales Business services Business services This is a world where the sales of ideas and services has replaced the sale of manufactured goods.

Where are the jobs?

Education Pays The trend is clearly toward closer and closer relationships between education and employment

Earnings by Level of Education Education LevelAnnual earnings Professional$74,560 Master’s$40,368 Bachelor’s$32,629 Associate$24,398 Some college, no degree$19,666 High school$18,737 Not a high school graduate$12,809

How much will it cost to live each year? Poverty level for family of four = $16,895 Annual median earnings for a woman = $26,324 Annual median earnings for a man = $36,478

What are my options? Four-Year College degree or higher Four-Year College degree or higher Community College (Certificate or Associate degree Community College (Certificate or Associate degree Vocational/Technical training Vocational/Technical training Military training Military training On the job training/Apprenticeships On the job training/Apprenticeships

Which occupation pays more?

Median annual earnings Registered Nurse $34,430 – $49,070 Teacher, Elementary $39,300 average Librarian $32,840 - $52,110 Truck Driver $18,304 - $32,385

What is different about these occupations? LEVEL OF EDUCATION LEVEL OF EDUCATION Roughly 1 in 3 of “high earners” do not have a Bachelor’s degree. Roughly 1 in 3 of “high earners” do not have a Bachelor’s degree. Greater and greater difference between SKILLED and UNSKILLED workers, not simply between college graduates and non-college graduates Greater and greater difference between SKILLED and UNSKILLED workers, not simply between college graduates and non-college graduates

Job Trend Summary On average, employment will grow faster in jobs that require the most education and training. On average, employment will grow faster in jobs that require the most education and training. By the year 2000, 86% of all jobs will require some education beyond high school; however, more than 70% of the jobs will not require a bachelor’s degree By the year 2000, 86% of all jobs will require some education beyond high school; however, more than 70% of the jobs will not require a bachelor’s degree Today’s workplace requires advanced technical skills. Today’s workplace requires advanced technical skills. Handout