Industries Poised to Boom in 2021: A Look at the Future of the Workforce
The workforce is ever-evolving, with new industries emerging every day. Are you looking for a way to stay ahead of the curve? Here’s a look at the industries that are expected to have the most job openings in 2021 — and what makes them booming. Pick your top five and see what sets them apart from the rest of the pack.
The top industries with the most job openings in 2021
The industries with the highest number of job openings in 2021 are projected to be:
- Healthcare: 5.8 million
- Retail: 4.9 million
- Transportation and warehousing: 4.5 million
- Construction: 4.5 million
- State government: 4.3 million
- Information: 4.2 million
- Financial activities: 3.8 million
Source: U.S. Bureau of Labor Statistics, Short-Term Job Surge Taking the top spot on this list comes with a very specific set of requirements. If you’re interested in this highly skilled field, it’s worth making sure you have strong analytical and communication skills. What’s more, you need to have a pretty thick skin as many healthcare companies are strict about online safety.
To apply, send an email with what experience you have and why you think you’d be a good fit. Include a link to your cover letter and relevant professional images. One thing not to forget: while many prospective employers request resumes, they don’t necessarily need them. Given its highly technical nature, online advertising requires an online writer who can craft original content on-demand and carry it through to publication. Don’t worry if you haven’t started writing professionally yet — you’ll quickly find that you have the skills needed to succeed.
Affirm, the marketplace for job seekers projects that unemployed job seekers will need to create more than 70 new jobs just to stay afloat in 2021. Even if you think writing is a dead-end career, there are things you can do to refresh and improve upon your skills.
Mining, Quarrying, and Oil and Gas Extraction
Today’s trending career spots lean more toward tech fields. According to Indeed, 56% of tech companies expect to hire for related roles in 2021, while 50% of tech jobs promise growth. Engineer, software developer, and designer jobs are expected to see nine times as much growth compared to last year. And what makes this trend even more exciting: It means you’ll be able to get a job you love both inside and outside of tech. Check out each industry and start deciding which work field will give you the most fun and meaning and lower your stress level.
Professional, Scientific, and Technical Services
This sector includes establishments primarily engaged in providing services to other organizations in the fields of accounting, management consulting, architecture, engineering, and computer services. Going into 2021, the automotive and related equipment sector is expected to post the third-most job openings at 28.4 million, up from 24.7 million the previous year.
Job seekers in this field are in high demand, especially in light of the coronavirus pandemic and aging Baby Boomers who are retiring en masse. Long-term care is also a growing area, driven in part by the aging population and increasing demand for home care. Somewhat surprisingly, healthcare employment is also set to grow at a robust rate of 6.2%, reflecting a greater understanding of the mental health risks of staying home and working long hours. These trends are expected to remain in place in 2021, with the biggest demand coming from the public sector, which is expected to see the highest number of job openings, at 68.1 million.
Demand for nurses, physiotherapists, and technicians is also expected to increase. Among the widest-ranging sectors, accounting and advisory have the third-highest number of openings with 15.5 million, followed by education and training with 15.3 million. The fastest-growing major in this sector is digital technology, up almost 20% from 2020 to reach 21.2 million job openings this year.
Software development is the fastest-growing subsector, accounting for 9.4% of this year’s job openings, followed by 6.4% for semiconductors and chips and 6% for life sciences. In terms of demand, demand is projected to grow at a compound annual growth rate of 5.0% through 2021, as the ongoing COVID-19 pandemic, aging population, and greater financial stability in the public and private sectors allow businesses to return to more “normal” working schedules. At the other end of the spectrum is the leisure and hospitality sector, where job openings are projected to grow.
Management of Companies and Enterprises
Management is a process of social influence in organizations. Management is also an academic discipline that studies this process. Management includes the activities of setting the strategy, planning, organizing, leading or directing, and controlling the implementation of ideas, policies, and operations. Management involves identifying the mission, objective, procedures, rules and tools required to achieve the company’s objectives and initiatives. Nearly 1 in 5 employment growth will happen in health care, retail, and the leisure and hospitality sectors. Look for employed professionals in healthcare support, customer care, administrative support, pharmacy, radiology and laboratory technologists/technicians, and nurses.
Retail employment growth is expected to increase 10% in 2021, driven by increases in sales, customer service, and branded grocery. To stay up to date and expand your skillset, work in retail now. Corporations are hiring in all regions, and many are hiring for roles that don’t require a four-year college degree. The fastest growing sectors of the retail workforce are customer service representatives, cashiers, and order-entry and retrieval employees.
Golf may seem like a niche industry, but it’s experiencing rapid growth. The fastest-growing occupations for aspiring golfers are construction and oil and gas equipment operators and installers. Looking for between a bachelor’s and a master’s degree in something related to business administration can help a golfer land solid, long-term employment. Also in this category: sales, merchandising, and warehouse associates.
The health care industry faces massive job growth in both boundary and expansion areas. Demand for EMTs, nurses, and medical supplies and equipment will be high. Employment growth for all health care-related occupations is expected to increase 7% to 16% in lockstep with the growth of the entire U.S. economy. Create a new skill today and those skills will pay off.
Professional fields undergoing rapid job growth in 2021 include: The beauty industry is expected to have the highest growth in job openings with employment expected to grow 16%. Look for workers in make-up, color and special effects, hair and skincare, costume and film industries.
Computer Systems Design and Related Services
Computer systems design and related services is a service industry that is defined by the North American Industry Classification System. This category consists of establishments primarily engaged in designing computer hardware, software, and networks. These services may include design, development, integration, testing, or modification of computer systems and programs.
Critically engaging IT services can be seen as vital to successful commerce and business, whether in the retail, restaurant, hospitality, financial, or education sectors.
In recent years, service industries have been in the spotlight for creating and sustaining growth. Companies in this category have seen this trend especially evident in the past 10 years as the world entered a pandemic with the coronavirus.
“Businesses will adapt. No business serves two masters. But businesses will also explore new priorities and sources of growth, and this will in turn mean new priorities within the industry. Some sectors may grow more than others as in many cases, the demand for a service is driven by trends elsewhere.” — Benoit Bonneville, Senior Economist, McKinsey & Company
All growth industries have three defining characteristics that create demand for an increasing number of IT services. These can be summarized as:
The newest trends have created growth drivers in new roles, software distribution, and new processes. Many of the roles that will have the most growth in the coming years include Software Testing Analyst, Data Analyst, and Project Manager.
However, even with these anticipated job openings, there is a plethora of skills required for a successful life in digital and professional interaction. And proficiency in all of these areas is not required to reap the rewards of this dynamic profession.
And just to consider: $2.1 trillion was spent globally on IT services in 2020, meaning more than $200 billion went towards service industry professionals alone.
Businesses require the full range of skills needed to create the right business processes, keep up with changing technology, identify risks and opportunities, and evaluate business strategies in a changing, and increasingly competitive, environment.
Top 10 fastest growing companies in 2020
These companies are listed as the fastest growing companies in 2020 by Fortune.com, you can see the full list by Click Here
- Medpace Holdings
- Kinsale Capital Group
- Paylocity Holding
Top companies for 2021
These companies are listed as the top 10 companies for 2021, you can see the full list by Clicking Here
- JPMorgan Chase & Co.
- Bank of America
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