Strong Job Sectors During a Weak Economy

Pay cuts nd layoffs have become common stories these days. However, there are some job sectors where job openings are growing and the pay is still rising. According to the recent study conducted by researchers,  job openings topped the list.

 

Growing healthcare job openings should not come as a surprise, since health care is essential in any community. People won’t stop getting sick when the economy is poor. In fact, the added stress levels during a recession can increase the likelihood of people getting sick. In addition, the aging population also means that more people will be demanding healthcare services in the coming years.

 

Many healthcare job openings require very specific education. Thankfully, not all healthcare job openings require education programs that take ages to finish. For example, there are accelerated programs for nursing to help you make a career switch sooner rather than later. For people with administrative or IT skills, transferring to the healthcare industry is easier since there are many new openings that require those skills.

 

Engineering job openings and even other science job openings provide growing opportunities thanks to the stimulus package that allocated $90 billion for public infrastructure, private energy and utility projects. Civil engineering and project engineering jobs are the most likely to benefit from stimulus funding.

 

Here are the top five “recession-proof” jobs, and their median annual salaries:

  • Pharmacist ($110,000)
  • Research scientist, biotechnology ($85,500)
  • Project engineer ($85,500)
  • Nurse practitioner ($82,600)
  • Civil engineer ($81,400)

 

Job Hunting

 

Although there are signs of economic recovery, the job market outlook is expected to be dense and competitive. Many people will have to rethink their job-hunting strategies. Here are some useful tips for job hunting:

 

Seek out all possibilities – Everyone has their own “dream job.” However, during a recession, there are times when limiting your options to your dream job can be unproductive. If you want to increase your chances for employment, you must exhaust all possibilities. This means that you must consider your transferable skills, and assess which career options you qualify for. Consider updating your skills by attending seminars or enrolling in relevant courses to boost your credentials and marketability.

 

Consider job openings that closely match your skills – Exhausting all possibilities doesn’t mean just submitting your resume to all the companies you come across. You must still be sure that your skills closely match the job description. With a very dense job-hunting market, lacking skills in some areas could be enough to disqualify you from the running. It follows that you must tailor your resume specifically for every job opening.

 

Do your research – Research on the companies you’re considering. Know their products, mission and vision, marketing strategies, their latest developments and organizational strategies. In the event that you’re granted an interview, your knowledge will help you give answers that are more informed.

 

Work your network – Recent surveys show that networking is the most effective tool for finding employment, especially for jobs above entry-level positions.