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eQuest's Big Data for HR - "Did you know? - #2 Workforce Demographics and Career Outlook"
1. Issue #2
January 2013
The next decade is seven years away, but it’s becoming increasingly evident Recent News
that the years leading up to 2020 will represent the most dramatic in the
Human Capital Arena. January 29
eQuest Reports
Did You Know? Six Fast Rising
Job Boards in
EMEA
Boomers
January 16
- In just 7 years (2020) - 25.2 percent of the US workforce eQuest Releases
will be above age 55. China Board
Study
- Workers age 55 to 70 expect to work until age 70.
- Those over 66 plan to work until age 76.
Contact Us
- Of workers ages 75 to 84, more than 42 percent hold eQuest
full-time jobs. 2010 Crow Canyon
Place
- The shift in the composition of the labor force from the younger to the older age Ste 100-10016
groups is expected to continue throughout this decade and beyond. San Ramon, CA
94583
800.495.4479
2. Millennials
By 2020, nearly half (46 percent) of all U.S. workers will
be Millennials.
What’s a Millennial? Over 80 million young adults born
(according to the U.S. Bureau of Labor Statistics) between
1976 and 2001 who have already joined or are preparing
to join the workforce.
By comparison, the generation before them, Generation X
(or Gen Xers), represent only 16 percent of today’s
workforce.
The sheer volume of Millennials, combined with the
relative lack of Gen Xers and the increasing retirement of Baby Boomers means
that employers will be facing leadership gaps. And they will be looking to Millennials
to fill those gaps.
Outlook on Best Jobs and Worst Jobs
According to the Bureau of Labor Statistic’s report, the big winners in the coming
decade will be workers in the fields of healthcare (institutional and home health
aides), retail sales, childcare, accounting and bookkeeping, customer service,
elementary education, construction and food service.
Postal service workers, mail carriers, some manufacturing workers, farmers and
ranchers should expect to encounter declining employment opportunities as
technology drives down demand in sectors that once relied on large volumes of
manual laborers.
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