eQuest's Big Data for HR - "Did you know? - #2 Workforce Demographics and Career Outlook"
Issue #2 January 2013The next decade is seven years away, but it’s becoming increasingly evident Recent Newsthat the years leading up to 2020 will represent the most dramatic in theHuman 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 100-10016groups is expected to continue throughout this decade and beyond. San Ramon, CA 94583 800.495.4479
MillennialsBy 2020, nearly half (46 percent) of all U.S. workers willbe Millennials.What’s a Millennial? Over 80 million young adults born(according to the U.S. Bureau of Labor Statistics) between1976 and 2001 who have already joined or are preparingto join the workforce.By comparison, the generation before them, Generation X(or Gen Xers), represent only 16 percent of today’sworkforce.The sheer volume of Millennials, combined with therelative lack of Gen Xers and the increasing retirement of Baby Boomers meansthat employers will be facing leadership gaps. And they will be looking to Millennialsto fill those gaps. Outlook on Best Jobs and Worst JobsAccording to the Bureau of Labor Statistic’s report, the big winners in the comingdecade will be workers in the fields of healthcare (institutional and home healthaides), retail sales, childcare, accounting and bookkeeping, customer service,elementary education, construction and food service.Postal service workers, mail carriers, some manufacturing workers, farmers andranchers should expect to encounter declining employment opportunities astechnology drives down demand in sectors that once relied on large volumes ofmanual laborers. www.eQuest.com