Some industries tend to be affected more than others during a recession, and while some have been hard hit, others are experiencing growth. Here are five areas that are performing well and set to be hiring now and in the future.
Technology is one of the strongest growth sectors and shows the highest demand for staff, with CAD, CAM, developers and general IT skills in short supply, according to the latest Report on Jobs from the Recruitment & Employment Confederation and KPMG.
The findings are also backed up by Barclays Job Creation Survey, which found that 78 per cent of companies in the industry are planning to create new jobs within the next 12 months — more than any other field.
Technology is also leading the way in Scotland. According to a recent report from trade body ScotlandIS, the software and IT industry is growing faster than any other area, with nearly two-thirds of IT and telecoms firms in Scotland planning to take on more staff in 2012.
Last year the government invested £5.7 billion in renewable energy (such as wind, wave, solar and biomass and energy from waste), potentially supporting tens of thousands of new jobs. They plan to spend billions more in order to see the UK capable of delivering more than 90 per cent of its renewable energy by 2020.
The UK is now a real player on the global stage. In February Ernst & Young ranked the UK fifth in the world in attractiveness to renewable investors, up one place on the previous year — more good news for job seekers thinking of entering the industry. Scotland is also looking to the sector to provide jobs. According to a report by Scottish Renewables, renewable energy will be a major source of investment in the near future.
Green skills feature highly on the list of global skills most in demand by Hays Recruitment. Their report states: “This is a fairly new area, but a growing one, with particular demand in the green energy and construction sectors across all regions.”
Renewable energy may be the future, but the oil and gas industries are currently performing well. According to a recent report from Hays, demand for energy professionals across the UK is increasing, with employees enjoying average salaries of £55,850 — more than twice the national salary average of £26,244.
Matt Underhill, Managing Director of Hays Oil & Gas said: “Last year we reported a 30 per cent rise in contractor wages for UK professionals. This was particularly encouraging for UK-based oil and gas professionals as the rates are a good indicator of the state of the job market. The 2012 guide figures demonstrate that the UK oil and gas industry has maintained this recovery and day rates remain buoyant.”
The motoring industry currently employs more than 700,000 people and is the UK’s largest sector in terms of exports. With the Government investing £50 million over the next three years to support auto manufacturers and low-carbon cars high on the agenda — for example, by encouraging companies like Nissan to build these vehicles in the UK — the prospects for the industry look good.
According to The Society of Motor Manufacturers and Traders, car manufacturing rose by 15.6 per cent in January and is predicted to show strong growth in the coming months. The motoring and automotive sector also came second (to Engineering) on the Reed Job Index of companies showing most demand for staff in March.
Looking further ahead, healthcare promises to be a buoyant industry. As people live longer, the requirement for healthcare grows. “But the lack of healthcare professionals poses a considerable threat for the global economy over the next 20 to 50 years,” according to Hays, which listed healthcare on its top 10 global skills shortage list.
“Talent shortages are a global problem,” said Charles Logan, Director at Hays. “We operate in 32 countries and these skills are the ones that our clients globally say are in most demand. For anyone considering their career options in our globalised economy, these are the skills to focus on.
The Barclays Job Creation Survey also listed healthcare amongst the fields most likely to be hiring, with 62 per cent of UK companies planning to create new jobs in the next 12 months. With deregulation occurring across the NHS, allowing GPs to contract certain private providers of healthcare services, the long term prognosis for the industry looks good.