Industry Update Q2 2014: Construction, Hospitality, Finance, Logistics, Education, Healthcare, Oil & Gas, Mining…

Industry Update Q2 2014: Construction, Hospitality, Finance, Logistics, Education, Healthcare, Oil & Gas, Mining…

Industry Update Q2 2014

Our Q2 2014 industry updates focus on Construction, Hospitality, Finance, Logistics, Education, Healthcare, Oil & Gas and Mining. Find out how recent changes directly affect your career opportunities and gain a better understanding of these industries from a job hunter perspective.

Construction

Construction careers in today’s market are all about high-tech, high-stakes, huge earning potential and the opportunity to travel the world. Accenture research says construction industry in emerging markets has projected revenues of $6.7 trillion by 2020. Fuelled by urbanization, globalization and infrastructure renewal, the global construction industry is expected to grow over the next decade.

According to the report published by Global Construction Perspectives and Oxford Economics, rapidly emerging economies of Asia, Latin America, the Middle East, Africa and Eastern Europe will account for some 55% of global construction output.

If you’re reliable and willing to take on physical work, opportunities will be available to you without extensive training requirements. Construction work uses high-tech equipment and relies on team work. A career in construction offers rewards proportionate to the effort you put in. Whether you are a skilled construction worker or a manager, you can find a satisfying life-long career in the construction industry. Working in construction can be intense and arduous, but it leads to rewarding and high-paying jobs.

Read the full industry update article here.

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Hospitality

Tourism and hospitality are, perhaps, the top beneficiaries of advancements in technology. Where technology rendered many traditional careers obsolete, it gave a new lease of life to hospitality industry. If you work in this industry, climbing the ranks could mean going to work and live in exotic destinations abroad, sailing the open seas, or traveling to the most beautiful places on earth.

With an array of roles, hospitality is a dynamic and fast-paced industry with a plethora of opportunities and ample career progression. A people-oriented work life, it dishes out advancement opportunities in all kinds of directions, both within different job and career types and in locations worldwide. If you are motivated to succeed, you can advance rapidly in the business of serving travelers, exploiting the tremendous earning potential.

Within hospitality, you could work in businesses that provide accommodation, meals and drinks services such as hotels, resorts, restaurants, food service management, fast food, coffee shops, pubs, bars and nightclubs, clubs and casinos.

Read the full industry update article here.

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Finance

Job growth in financial services is expected to outpace job growth for all occupations in 2014. This is good news for job seekers in the sector, whose skills will be in-demand across a range of businesses and occupations.

The finance industry is multifaceted, offering a variety of positions catering to a number of different skills and interests. The key to success in the financial services is to research, locate and land the niche opportunity that has the greatest compatibility with your skills and interests.

There are finance industry jobs available in almost every city around the world. The largest concentration of jobs is commonly found at international financial centres – New York, London, Hong Kong, Shanghai, Dubai and Zürich.

Read the full industry update article here.

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Logistics

Transportation and logistics is a global industry. The reduction of trade barriers internationally has led to rapid growth in the logistics market. And as world trade grows, so do challenges for the transportation and logistics industry. Global trade in goods and services is likely to rise more than threefold to USD 27 trillion in 2030. In emerging countries, growing populations mean an increased need for logistics.

As the world becomes more interconnected and employees more mobile, logistics has become one of the most important career fields in the world. Worldwide, more than $1.4 trillion is spent annually on logistics and the amount will grow with the continued expansion of the global marketplace.

In the retail industry too, logistics which was once considered an important, behind-the-scenes operational activity, is now recognized as a strategic tool for creating customer value and loyalty. Companies like Wal-Mart, Coca Cola, and Nike attribute a great deal of their success to their global logistics systems.

Read the full industry update article here.

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Education

Every place on earth has schools. With schools comes the demand for teachers, non-teaching staff, support staff, qualified educationists, policymakers, learning content developers, and more. Regardless of temporary economic conditions, hiring practices, budget cuts or any other factors that impact the education system, the need for teachers and educationists is timeless and universal.

Modern educational institutions no longer just want someone who is an excellent lecturer. Schools are looking for dynamic, knowledgeable educators who are attuned to the needs of individual students. In several places around the world, however, the supply of teachers is failing to keep pace with the demand for education.

A UNESCO study has shown that, currently, 58% of countries worldwide do not have enough teachers in their classrooms. To achieve universal primary education by 2015, an estimated 1.6 million additional teachers will be needed. This gap will rise to 3.3 million by 2030. Of these, the African sub-continent and the Arab States are facing the most acute insufficiency of teachers.

Read the full industry update article here.

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Healthcare

The healthcare industry is a booming business. Medical advancement has led to more people living longer lives. Life expectancy has increased from 68.2 years in 1950 to 76.6 years in 2000 and is expected to soar to 83.9 years by 2050. But lifestyle choices and environmental conditions have also led to more complicated ailments.

The healthcare industry has changed dramatically over the past five years. People are requiring more healthcare services than they did in the past. Rapid urbanization, sedentary lifestyles and a rise in obesity are contributing to increases in diabetes and cardiovascular diseases across the globe. The healthcare industry is projected to continue to change each year, making it a fertile field of opportunity. Today, there are many career avenues within the medical and healthcare profession, not all of them connected to the traditional doctor-nurse roles.

A career no longer restricted to doctors and nurses, development in technological and scientific equipment offers increasing career options in the medical field. There is pressure on hospitals to become more efficient. The healthcare system needs medical billers, transcriptionists, coders, pharmacy technicians, and much more manpower at hospitals, outpatient clinics and nursing homes than ever before.

Read the full industry update article here.

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Oil & Gas

Ongoing innovation and technological advancements in drilling have made it possible to produce increased yields in oil and natural gas which were unreachable earlier. The shale gas boom has led to a surge in the production of oil and natural gas, making a deep economic impact, and fuelling fierce competition in recruitment for oil and gas talent around the world.

The work is complex and exploration requires senior employees with high capabilities. As companies increasingly compete with one another to attract the right people from a limited talent pool, jobseekers are set to be the biggest gainers. Worldwide, the oil and gas sector needs to recruit 120,000 new employees at present. Employment of petroleum engineers alone is set to increase by 17% between 2010 and 2020.

There are a number of lucrative opportunities available to experienced workers. As competitive offers increase, most employers recognize the necessity of offering better salary packages to their current and potential employees.

Read the full industry update article here.

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Oil and Gas

Mining

Mining has grown bigger over the past 200 years – bigger plants, bigger trucks, and even bigger blasts. The global mining industry remains positive for growth and the industry’s demand for skilled people remains on an upward trend.

For starters, the stability of the industry is a strong incentive. Unlike the hard economic times currently troubling other industries, the mining industry is experiencing rapid growth and prosperity. This means tremendous career opportunities in all aspects of exploration, development, operations, and site reclamation.

Skills most in demand are in the skilled trades and the production occupations. High demand remains for highly skilled tradespeople with focus on heavy equipment operators, heavy equipment mechanics, welders, electricians, pipe fitters.

Read the full industry update article here.

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Mining


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