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Pages:
1 page/≈275 words
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12 Sources
Level:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
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Topic:

Workplace Learning? (Essay Sample)

Instructions:

THE ESSAY GIVES A PROJECTED TREND IN JOB EMPLOYMENT MARKET BETWEEN 2015 - 2020

source..
Content:

Workplace Learning?
Student’s Name
Learning Institution
Table of Contents
Title Page………………………………………………………………………………….1
Table of Contents…………………………………………………………………………2
Part 1: Job Market………………………………………………………………………....3
Projected trends in the job market (2015-2020)………………………………….…3
Increasing and Decreasing careers in the Job market…………………………….…9
Marketing Industry……………………………………………………………….…9
Part 2: A Paid Occupation……………………………………………………………..…10
Market Research Analyst………………………………………………………..…10
Part 3: Unpaid Occupation…………………………………………………………….…11
Healthy San Francisco Organization…………………………………………..…..11
Part 4: Recruitment………………………………………………………………….……13
Recruitment Competitors………………………………………………………….13
Projected trends for recruiting Companies (2015-2020)..………………...………14
Part 1: Job Market
Projected Trends in the Job Market (2015-2020)
Globalization, changes in demographics, culture and technology, have led to a shift in the job market trends. Advances in technology are gradually replacing manual labor and replacing earlier ways of disseminating information. In 2014, there were 201.3 million jobless people (ILO, 2014). Out of this figure, 74 million were youths, age 15-24 years. Global unemployment is projected to increase by 3 million by the end of 2015 and by 8 million in four years’ time.
This report will examine the current job market, predicted job trends in the next five years and create student understanding on the job market based on employability skills. The report will further furnish a student with volunteering opportunities, current and future trends in recruitment, and available tools to find employment.
Marcia (2010) in his four stages of identity development observes that young adulthood is a time of storm and confusion. He underscores the need of choosing careers driven by ability and future market demand. The report will guide students in the right career path, making life choices, developing a strategy to achieve these choices, applying the choices in their daily life and standing a position to appraise their efficacy. It is safe for students to plan for the future based on long-term market trends rather than the current competitive jobs in the labor market if they are to remain relevant to the future job market trends. Projected trends in the Job market in the next five years:
High Demand in Technical Fields
It is projected that by 2020 health care industries, construction and extraction, technology, aerospace, and logistics will be booming careers (Bureau of Labor Statistics, 2013). Typical example to support this prediction is the Ontario Construction industry. In 2014, when hiring in other companies had stalled, Ontario hired throughout the year. By the end of the year, it was observed that there were many uncompleted orders on power and engine transmissions that called for more labor.
Table on projected employment trends (2015-2020)
Occupation Projected employment rate (%)

Health care 28
Construction and Extraction 21
Community and Social work 17
Cleaning and Maintenance 12
Business and finance 12
Education and Training 11
Law 10.6
Physical and Social Sciences 10
Installation and Repair 9.5
Food Technology 9.3
Transportation 8.5
Marketing 7.3
Architecture and Engineering 7.2
Art, Entertainment and Media 7.1
Office Administration 6.7
Manufacturing 0.7
Fishing, Forestry and Farming -3.2

Source: Bureau of Labor Statistics (2013)
In the current job market trends, manufacturing industries have the least job opportunities and it projected that by 2020 many people will lose jobs in this industry. Developed economies have the biggest number of manufacturing jobs globally, but it is projected that the employment share will be below 0.7% by 2019. Fishing, forestry and farming industries are projected to retrench their workforce by 2020 because employment in these industries is projected to decrease by 3.2%.
Youth unemployment will remain a global concern
Though developed economies like the United Kingdom and the United States recorded a significant decrease in unemployment rates in 2014, statistics indicate that 74 million youth translating to13% of the total 201.3 million of unemployed labor force globally (Bureau of Labor Statistics, 2013). It has remained a challenge for the young people to secure jobs in many countries across the globe. Many reasons have been advanced ranging from inadequate skills to lack of experience required in the field. Statistics further indicates that since 2008, the worrying trend of unemployment rates continues to escalate among the youth with college education despite the youth making improvements in educational achievement. The global unemployment rate among the youth is predicted to rise to 13.1% and remained unchanged up to 2020.
Figure on projected unemployment rate by 2019
Based on the figure, the current unemployed global number stands at 201 million. The number is projected to increase to 223 million by 2019. In 2015, the hig...
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