Employment Predictions in 2007!
With the US employment rate at it’s lowest in several years, a competitive market is growing for both companies and candidates worldwide.Due to the world’s ageing population there is an increased need each year for physical, mental and spiritual health. 2007 is no different. It’s predicted that this trend will continue for the next three decades. Programming is reflecting this trend.By example, creative programming that targets a growing retirement market lead by “Baby Boomers” will lead a genre of professionals to a number of television series and projects in 2007. Like most emerging trends, networks will continue to address their needs by outsourcing staff and crew. This however, creates a by-product of increased employment contracts in the workplace.Another trend that is emerging is that in the 1960s CEO’s were compensated by up to 20 times that of the average worker. Today, it’s stated to be 400 times plus. However, with the number of full time employees reduced to that of contractual staff, it provides a greater bottom line from which to attract only the best staff in their field, hence pay them top dollar.EXECUTIVES
For the last three years executive talent has been in high demand, and 2007 is shaping up as the fourth consecutive year for such growth. Now some may disagree, particularly if you have been seeking a career change in some parts of the world where few opportunities have surfaced.We can only predict that with a fourth consecutive year there will be a migration where such opportunities may start to present themselves as organizations grow globally. This is where it becomes interesting, because there is a bitter sweet prediction in global growth with most of the major players. Yes, there is global growth for major players in 2007!This will occur through planned mergers and acquisitions, and as a result of increased staff numbers it may bring also potential layoffs. Executive layoffs or executive re-deployment may be part of restructuring the company resources. Although this may be an unwelcome prediction, it appears there will be a steady growth pattern emerging from small to medium businesses creating new job opportunities across the board. This is the sector we believe most executive positions will surface, and could be rising in the vicinity of several percentage points in 2007.
Now, if you’re an executive over 50 and feeling somewhat insecure, don’t be alarmed because in 2006 over 70 percent of executives in your age group felt discriminated against, with more than half believed they were overlooked for advancement due to their age. Whether it was fact or an adopted mindset, the point is you need to combat this fear. How? You already have a lifetime of experience to bring to any role, and this is without doubt the most appealing attribute you possess. However, you need to ask yourself a couple of questions though.
* Are you techno-savvy with your younger colleagues?
* Are you in touch with market trends, competitors and advancements in technology?
Be truthful, if you answered ‘No’ to either question, you have some catching up to do in the short term. Enrol into additional out-of-hours classes or education by correspondence. Attend supplier training sessions, be an instigator of think tank sessions within your company and most importantly mix with the new assertive generation of younger colleagues.Keep track of those aggressive SMEs because they are poised to strike from within the growth corridor.
INTERNET/IT-BASED POSITIONS
Emerging technologies are influencing the growth of IT and internet based professionals.We believe that there will be an increase in targeted criminal attacks, compliance, software consolidation, mobility and SOA. In 2007 there will be a call for a strong focus on effective security governance. Cyber crime will be far more targeted and intentional with the security software market going through consolidation and change. Major vendors will be increasing their R&D, integration and acquisition efforts.Evolving compliance demands from inside corporations will drive the need for added security from based IT professionals, which will stimulate both permanent and contract employment.
NEW RECRUITS
We continually speak of an ageing population that will take with it valuable knowledge … well 2007 will be no different. It’s therefore important to recognize individuals in your organization who carry valuable life experiences and who are intentionally sharpening their retirement plans.This is the year to impart their knowledge to younger recruits.Foster a mentoring program and be actively involved in its development.Additionally, younger and pseudo-experienced recruits will be drawn to global opportunities from within the growth corridor. However, if you are an employer and value their contributions, you may wish to consider utilizing a global subsidiary or an alliance partner to provide that opportunity for them. Provide the travel and global opportunities they desire and bring them back with a fresh perspective. They will undoubtedly return with greater knowledge and experience that will only enhance their career opportunities within your organization.
MARKET SUMMARY OVERALL
Employment opportunities that are weighted against market predictions within Asia over the next three years within:
* Terrestrial digital market is estimated to increase by up to 755 percent*;
* Satellite digital broadcasting (BS, CS) market is estimated to increase by approximately 69 percent*; and
* Cable television market is estimated to increase by approximately 19 percent*.
Within the e-business market sector:
* On-line gaming with increase by 87 percent*;
* Internet advertising by 45 percent*;
* Web music distribution by 363 percent*; and
* Web video distribution by 320 percent*.
With 2007 being a year of increased awareness and opportunities, staff recognition will play a significant role in this calendar year. Don’t ignore it, simply embrace it and grow!
* Nomura Research Institute, Ltd. (2005)
Labels: recruitment broadcast media industry
posted by Karl Jansson @ 7:52 AM
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