Five Trends That Are Impacting Career Choices

Choosing a career is one of the most important decisions we will make, as it affects and determines so many aspects of our lives. We all havetrends-that-impact-career-choices-marble-hitting-other-marbles specific talents and interests that will lead us toward certain professions, but we must also be mindful of the external influences that are projecting us in a certain direction. It is important that we keep an open mind to what attracts us to certain fields and not others.  Sometimes these choices are based on personal decisions and inclinations; other times they stem from peripheral circumstances, such as economy, technological advances, and sociological changes.

Therefore, when considering different career options, it is important to also study the societal trends that may affect our choices, both now and down the road.

1.   Technology growth

It’s no secret that technology is growing faster than many of us can keep up with, and this continued growth is also resulting in more jobs in the United States. Consistent advances in technology are not only ensuring new jobs requiring additional skills in specific industries, but also within their education and training. Technology has also opened the doors for telecommuting, offering employees the option of maintaining high paying jobs while working from the comfort of their own homes.

2.   Globalization

When it comes to remote work or telecommuting jobs, a person does not have to be in the United States to “work” in the U.S. or any other country, for that matter. While this opens the market for job seekers to work for anyone from their own home, it also puts a great deal more competitive pressure on organizations. Companies will be looking for individuals who grasp the need for innovative marketing and can contribute to the business agenda without boundaries.

3.   Downsizing

While younger workers are steadily replacing the baby boomers who are now reaching retirement age and leaving the workforce, there are a number of jobs currently held by baby boomers that may become obsolete. According to 247WallSt.com, jobs such as Desktop Publisher, Communications Equipment Operator, and Textile Machine Setter/Operator, for example, are steadily on the decline.  As these employees retire, companies are turning more toward technology, making many positions previously held by skilled workers either outdated or unnecessary. So when considering career choices, it is important to research which traditional careers which may be severely impacted by baby boomers leaving the work force in conjunction with new technological advances.

4.   Improved medicine and delayed retirement

This is a two-layered trend which is impacting career choices right now.  Life expectancy has noticeably increased within the last 70 years. In fact, in 1945, the average life expectancy was 66 years, as opposed to 2015 when the standard life expectancy was recorded at 79 years. Today, people are living longer due to further education in nutrition and wellness as well as technological advances, all of which have led to trends-that-impact-career-choices-glasses-on-keyboardimproved medicine. This means there are a greater overall number of people in the workforce, as individuals are working into the later years of their life; sometimes by choice, and other times out of necessity.

“The current average retirement age is 62—but new college graduates won’t be able to retire until age 75, according to a new study from NerdWallet,” wrote Kate Ashford in the Forbes article The New Retirement Age? 75, Study Says.

So while people may generally be living longer, many individuals will need to work at least a decade longer than the current retirement age due to the high cost of education, enormous student loans, and increased living costs. This may affect career choices in two ways:  Some will put a heavier relevance on a generous paycheck to counteract the anticipation of working well past standard retirement age.  Others may more acceptingly consider that since they are going to be working further into their golden years, it would be advantageous to decide upon a fulfilling career they will ultimately enjoy.

However, it could also be argued that future up-and-comers may find fewer available jobs openings in years to come, as older workers remain in their positions longer.

5.   Social Media Marketing

This is perhaps one of the fastest growing career trends. Social media has become a cornerstone to the survival and advertising success of any business, and finding individuals who know their way around this marketing platform is crucial. According to an article on DigitalTrends.com, the average 25 to 54 year old checks their social media accounts approximately 17 times per hour, resulting in an average of 4.7 hours a day engaged in online communities.  Therefore, Americans are exposed to the most amount of advertizing while scrolling their social media newsfeeds.  Consequently, the ability to stay ahead of the competition on sites such as Facebook, Twitter, Instagram, and LinkedIn is a valuable tool that companies will continue to look for in their employees.

In Conclusion

With enough patience, insight, and inquisitive research, you can begin to assess and ascertain how current societal trends in business, technology, employment, and even medicine, will ultimately impact your own particular career choice.

 

Fred Coon, CEO

 

Stewart, Cooper & Coon, has helped thousands of decision makers and senior executives move up in their careers and achieve significantly improved financial packages within short time frames. Contact Fred Coon – 866-883-4200, Ext. 200

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