Showing posts with label Recession. Show all posts
Showing posts with label Recession. Show all posts

Wednesday, 11 April 2012

The Best and Worst Jobs for 2012

By Cindy Perman | CNBC

The job market has begun a decidedly ungraceful recovery: Jobs have been added to the economy for 18 straight months and several gauges are back at pre-recession levels, including jobless claims and wage growth. But the job growth isn’t always as robust as many hope for and projections suggest it will likely take until at least 2014 to regain the millions of jobs lost during the recession.

If it’s one thing the recession has taught us it’s that not all job prospects are created equal. Job search portal CareerCast is out with their Best and Worst Jobs for 2012 and the jobs that have the best prospects — and those that have the worst — are a direct reflection of what’s going on in the economy.

[Related: Careers That Could Pay Six Figures]

“The jobs that continue to fare very well are those that fare the best in a tough economy – primarily information technology and health care,” said Tony Lee, publisher of CareerCast’s 2012 Jobs Rated Report.

Interestingly, all the reports of shortages of skilled workers in these two fields hasn’t spurred more people to pursue them – in fact, it’s the opposite.

“The shortages are getting more acute!” Lee said.

For that reason, there’s also been an increase in demand for human resources – you need good HR people to find those skilled workers! HR Manager is new to the list this year, as is online advertising manager, reflecting the changing demands in the economy. And you need to offer incentives for those skilled employees to stay: Of the eight jobs that returned to the list again this year, all showed a pay increase compared to 2011.

So what makes a job one of the “best” jobs?

“The top-rated jobs have few physical demands, minimal stress, a good working environment and a strong hiring outlook,” Lee said.

But with the good comes the bad, hence the Worst Jobs for 2012. So what makes a job one of the worst?

High stress, high physical demands, and a tough or dangerous work environment, according to CareerCast. Several of the worst jobs in America involve working “in physically demanding, precarious, low-paying professions with a weak hiring outlook,” said Lee. While many college graduates remain unemployed, causing many to question the value of a college degree, the value is reflected in the lists: Nearly all of the “best” jobs require a college degree and many of the “worst” don’t even require a high-school diploma.
[Related: Survival Skills for a Job You Detest]


The food-service industry always ranks pretty low, given the tough working conditions and low pay, but the industry was even harder hit by the recession, when many people cut back on going out to eat.

The one new job that made the worst list this year was Enlisted Military Personnel for obvious reasons — a high-stress job in often dangerous conditions.
Here's the list of the top 5 Best Jobs for 2012.

Photo: Bloomberg via Getty Images1. Software Engineer
2012 pay: $88,142
2011 pay: $87,140
Change in pay: +1.1%


Software engineer has been the No. 1 job for two years running. You can sum that up in two words, Lee said: “Technology revolution.”

Software engineers are the “creative minds behind computer programs,” according to the BLS.

“Every day new demand for new software is not being fulfilled,” Lee said. “Someone right now is in a garage somewhere dreaming up the next big thing and they’re going to need to find 100 programmers to make it happen.”


Photo: Stewart Cohen | Digital Vision | Getty Images2. Actuary
2012 pay: $88,202
2011 pay: $87,204
Change in pay: +1.1%


Actuaries analyze the financial costs of risk and uncertainty, using mathematics, statistics and financial theory to assess the risk that a particular event will occur, according to the BLS.

There is always demand for risk analysts across all industries – actuary has made the top 10 for four years running -- but the uncertainty that came with the financial crisis, and economic havoc it wreaked on companies, juiced demand for this profession even more.

Add to that the fact that most people who have an accounting background tend to pursue work as accountants because the pay is better and you’ve got strong demand. Employment growth in this profession is expected to jump 27 percent between 2010 and 2020, according to the BLS.

“The spotlight has risen on this profession,” Lee said. “More actuaries are needed. Demand far outstrips supply.”

Photo: Stockbyte | Getty Images3. Human Resources Manager
2012 pay: $99,102
New to the list for 2012

At first glance, HR manager being the No. 3 job was the biggest surprise of the best list, but when you think about employment trends, it makes sense: There are some high-skilled jobs in high-demand fields like health care and information technology that are in demand and there aren’t enough skilled workers to fill them, Lee said.

Add to that the fact that a lot of skilled HR managers are retiring and fewer young people pursue human resources as a career and you’ve got a perfect storm for one of the best jobs in America this year.

And, because it requires a qualified HR person to be able to spot and hire these skilled workers, HR managers get paid, on average, just shy of six figures.

Photo: John Moore | Getty Images4. Dental Hygienist
2012 pay: $68,109
2011 pay: $67,107
Change in pay: +1.5%


Dental hygienists clean teeth and examine patients for oral diseases such as gingivitis. They are increasingly doing more of the dentist’s work. To be a dental hygienist typically requires an associate’s degree in dental hygiene.

Perhaps a reflection of our declining dental hygiene as a society or the fact that fewer people are pursuing work as a dental hygienist – or both – employment in this field is expected to grow by 38 percent between 2010 and 2020, according to the BLS.

“It’s a lot like computer programmers – there’s demand and not enough supply,” Lee said.

Photo: Susan Trigg | Photodisc | Getty Images5. Financial Planner
2012 pay: $104,161
2011 pay: $101,164
Change in pay: +3%


As Baby Boomers get older, they not only need health care – they need financial advice for retirement. And with the stock-market gyrations that resulted from the financial crisis, that demand is even greater.

“People are realizing that they haven’t made the investments they need to make,” Lee said. “Even the savviest investors got hosed. It was a bit of a warning call that they need someone to help them with their investments.”

Not only is there demand for financial planners, but there are fewer people going into this profession than the demand is requiring, Lee said.

Click here to see the full list of America’s Best Jobs.
Here's the list of the top 5 Worst Jobs for 2012.

Photo: AP1. Lumberjack
2012 pay: $32,144 
2011 pay: $32,109 
Change in pay: flat 


Lumberjack has always been one of the worst jobs — like dairy farmers, you’re working outside whatever the weather, in dangerous conditions, with low pay in an industry that took a huge hit during the recession (hello housing bust) and is increasingly being automated.

That being said, you’ll find a lot of lumberjacks who say they do it for their love of the outdoors and that they take great pride in their work.

“I talked to one lumberjack who said, ‘I love my job! I’m outdoors,’” Lee explained. “I said, ‘But isn’t it dangerous?’ He replied: ‘Oh sure, I’ve broken my leg twice, my collar bone and lost my pinky finger. But it’s no big deal. Just part of the job,’” Lee said.

“How many of us would give up our pinky finger for our job?” Lee quipped.
Photo: Getty Images2. Dairy Farmer
2012 pay: $33,119 
2011 pay: $32,114 
Change in pay: flat 


Dairy farmers weren’t in the 10 worst last year so they not only shot into the bottom 10 but they debuted at No. 2.

First, it’s a low-paying job. Second, it’s very dangerous working with large animals such as cows. “Moving the animals, [farmers] could get their feet crushed,” Lee explained. “And there are more fatalities in dairy farming than ever before.”

Plus, the working conditions are tough — not only the obvious manure issue (though talk to a dairy farmer and he’ll tell you he doesn’t even smell it anymore) but also the fact that you have to get out there whether it’s 10 degrees or 100 degrees.

And the job outlook is tough: Dairy farming is increasingly becoming a corporate business, which is squeezing the little guys, Lee said.
Photo: Mario Tama | AFP | Getty Images3. Enlisted Military Personnel
2012 pay: $36,261 
New to the list for 2012 

Enlisted military personnel is new to the list but not because it suddenly became a tough job. It was hard to get solid data on the profession, according to CareerCast.

“It’s incredibly dangerous. You’re on the front lines and you’re responsible for others. The stress level is extremely high,” Lee said.

Plus, the hiring outlook is now weaker than it was at the peak of the wars in Iraq and Afghanistan.

Photo: Tim Matsui | Getty Images4. Oil Rig Worker
2012 pay: $32,132 
2011 pay: $32,143 
Change in pay: flat 


You might be surprised to find any job in the booming oil industry on a “worst” list but these guys are the entry-level spot on the oil totem pole. Their jobs are dangerous: working on oil rigs, often far away from home or offshore, in bad weather and dangerous working conditions. And they don’t share in the wealth of the industry because they are typically paid very low.

“It’s clearly the most dangerous job in the industry,” Lee said. “The fatality rate is very high.”

One bright spot is this category climbed up three notches on the list, after being the absolute worst job in America for two years running.

“With the surge in the energy industry, the hiring outlook improved enough to nudge them higher,” Lee explained.

“It’s dangerous and doesn’t pay well but many people thought, ‘Well, at least it’s a career where I can retire young,’” Lee said. “Now, you can’t even guarantee that you’ll maintain your job, nevermind retire from it,” Lee said.
 
Photo: Spencer Grant | Photo Researchers | Getty Images5. Newspaper Reporter
2012 pay: $35,275 
2011 pay: $34,275 
Change in pay: +3% 

Newspaper reporter has always been a high-stress, low-pay job, but add to that the explosion of online and mobile news and newspaper reporters make a hard landing on the “worst” list.

“The newspaper industry is going through a full retrenchment. There are mergers, bankruptcies and layoffs everywhere,” Lee said. “Point to a newspaper that hasn’t had layoffs – not in this country!” he said.

With the move to digital, the pressures have mounted on newspaper reporters. “They are now required to tweet and do video as well as write articles,” Lee said. “They’re asked to do much more for less — and the pay is not good.”
Click here to see the full list of America’s Worst Jobs.

Note: Pay levels are “midlevel income” 




http://finance.yahoo.com/news/the-best-and-worst-jobs-for-2012.html

Wednesday, 14 March 2012

6 Reasons Why You Should Never Retire


By Philip Moeller | U.S.News & World Report LP

Threats to retirement security are everywhere. The list is topped by the recession-fueled impact on retirement confidence: People haven't set aside nearly enough money to fund their retirements. Next on the list is the regular drumbeat from critics that the Social Security system is running out of money and won't be able to honor its current promises to people nearing retirement. Perhaps the third stake in the heart of retirement is that people are living longer and longer, raising legitimate fears they will outlive their money.
All well and good, perhaps. But these concerns have obscured the compelling arguments against ever retiring, except for physical reasons. The short list of reasons never to retire include:
1. There is no physical reason to retire.
2. Continued work can support healthy aging, including better physical and mental health.
3. Well-being and happiness are boosted when people are engaged in challenging and meaningful activities. Work is a major place to find such activities in our society.
4. Older people have rich experience and mentoring skills to help enrich the workplace experiences of younger colleagues.
5. Declining numbers of younger workers, courtesy of lower fertility rates, will raise the need to retain older employees in the workforce.
6. We need and like the money, and shorter retirements sharply cut the risk we will outlive our assets.
There are physically demanding jobs that wear people out by the time they hit their 60s. Other people have suffered disabling injuries and diseases, some related to work, and simply cannot hold demanding jobs any longer. We have safety nets for these folks, although they should be stronger, especially as support rises for raising the official retirement age to 68 or even 70.
For the rest of us, retirement is, quite frankly, often a default choice that we've been brainwashed into accepting. Saying that it's time to retire becomes less and less relevant with each passing year. Not only are we living longer, but the quality of our lives in older age can also improve. Physically taxing jobs are disappearing. Knowledge jobs can be done quite well by older people.
Continuing to work keeps people engaged and requires learning new skills. While the perfect antidote to the hazards of aging has not yet been identified, performing meaningful work is certainly a major part of the answer. For people who have "retired" in a technical sense, there has been a boom in encore careers and other volunteer experiences. Many of these people are working as hard and effectively as they ever have, and reaping big health and wellness benefits (although clearly not earning commensurately large paychecks).
The recession and painfully slow jobs recovery that has followed have occasioned some sniping at older workers. It is time for them to move on, we're told, and to open up slots for deserving younger job candidates. Similar "job stealing" charges have been levied at illegal immigrants. This is an understandable but short-sighted reaction. Labor shortages will be making headlines in a few years, and we'll need workers of all ages and origins.
The financial argument for staying at work has, of course, been front and center in the past few years. But labor-force participation rates for older people have been rising for 20 years, and financial motivations were important even before the recession. Beyond the money, there have been other benefits as well.
Older employees are ceasing to be oddities in the workplace. Recognition and sensitivity to multigenerational workforces have been growing. Older workers thus are more likely to be accepted by younger colleagues and managers.
Successful people have seldom selected retirement when they turn 65. Warren Buffett may be the poster child for lifetime employment, but he is hardly unique. Changing the "65 and out" mindset is helped by greater social acceptance of an extended working role for older people. This transition becomes even more powerful when the older person not only accepts a different future but embraces it.
Twitter: @PhilMoeller