Climbing the corporate ladder: The ‘top executives’ in USA and the path to the top jobs
A job in the IT field or a small businesses ownership – when it comes to the favorite employment preferences of the Indian Americans, these are the two most common perception. The new generations of Indian engineers and medical professionals are crowding the US industries. The thrifty approach of first generation Indians over the decades continue to contributed towards successful family businesses as well well as upbringing of a highly educated second generation of American Indians.
One field where Indians have not fully caught up is the top executive tier of the US companies. While we continue to move into the middle class management, the success in the top tier jobs is not that prevalent.
One thing to keep in mind, there are only limited numbers of top executive jobs. There is only one CEO, CFO or COO in a company – large or small. There could be many head-of-department positions in larger corporations but the numbers are relatively small. So, this could be one of the reason for limited success beyond middle management; there are just not that many jobs for top executives and competition is fierce for this cream of the crop.
The ‘top executives’: A summary
Based on the Bureau of Labor Statistics (US Department of Labor), here is an insight into the American ‘top executives’:
If you have an idea, make it happen! That is what ‘Google for Entrepreneurs‘ says! The Google wants to make new start-ups easier for the entrepreneurs. The mega-company already provides Internet-related products and services, including internet search, cloud computing, and software and advertising technologies; this is one more feather in the giant cap that Google wears.
This is a fantastic news for those who need some help with converting their ideas into a tangible service or product. This new initiative help you discover local programs and online resources to launch and scale your business. Many individuals, many companies and different start-ups are already joining the program to ‘Connect, learn, and grow through programs from Google and local partners’.
For those interested in exploring this, you can find workshops, networking events, mentoring sessions, and much more under Events.
BLS 2010-2020 Projections: Employment change by occupation
The US Bureau of Labor Statistics (BLS, the Bureau) is the principal fact-finding agency for the Federal Government in the broad field of labor economics and statistics. This BLS survey highlights the forecast on employment changes for different occupations.
Demand for jobs and occupations is affected by industry growth or decline. Many factors, including productivity and changes in business practices impact this job growth. Based on BLS survey, these are the latest projections on employments changes for major occupational groups for the period of 2010 to 2020: Healthcare occupations: Employment among healthcare occupations is expected to increase by 29 percent. This growth, resulting in 3.5 million new jobs, will be driven by increasing demand for healthcare services. As the number of elderly individuals continues to grow, and as new developments allow for the treatment of more medical conditions, more healthcare professionals will be needed. Within this group, two occupations are expected to add a substantial number of jobs: registered nurses, with some 711,900 new jobs; and home health aides, with roughly 706,300 new jobs. Much of the growth in this pair of occupations will be the result of increased demand for healthcare services as the expanding elderly population requires more care.
Personal care and service occupations: Employment in personal care and service occupations is anticipated to grow by 27 percent over the next decade, adding more than 1.3 million new jobs. As consumers become more concerned with health, beauty, and fitness, the number of cosmetic and health spas will rise, causing an increase in demand for workers in this group. The personal care and service group contains a wide variety of occupations; however, two of them—personal care aides and childcare workers—will account for nearly two-thirds of the group’s new jobs. Personal and home care aides will experience increased demand as a growing number of elderly people require assistance. Childcare workers will add jobs as the population of children continues to grow and emphasis is increasingly placed on the importance of early childhood education, resulting in more formal preschool programs. These programs will increase demand for both childcare workers and preschool teachers. Continue reading “Jobs and occupations in high demand : 2010-2020 Projections”
2010 to 2020 US Jobs and Employment projections by race, ethnic groups and by age
Just like the US population, the American labor force is growing more slowly, becoming older and more diverse. U.S. Bureau of Labor Statistics (BLS) study highlights the jobs and employment projections by race, ethnic groups and by age.
The labor force, in these stats, is composed of all persons 16 years and older in the civilian noninstitutional population who either are employed or are unemployed but available and looking for work.
Here are the key highlights (Click on the charts on the right for bigger image):
The civilian labor force is projected to reach 164.4 million by 2020, an increase of 6.8 percent.
The U.S. workforce is projected to become more diverse by 2020.
Among racial groups, Whites are expected to make up a decreasing share of the labor force while Blacks, Asians, and all other groups will increase their share (Chart 2).
Among ethnic groups, persons of Hispanic origin are projected to increase their share of the labor force from 14.8 percent to 18.6 percent.
The Asians are projected to increase their share of the labor force from 4.7 percent to 5.7 percent.
2010 to 2020: US Jobs and Employment change projections by industry
Based on U.S. Bureau of Labor Statistics (BLS), the total employment is expected to increase by 14 percent from 2010 to 2020. However, the 20.5 million jobs expected to be added by 2020 will not be evenly distributed across major industry and occupational groups. Changes in consumer demand, improvements in technology, and many other factors will contribute to the continually changing employment structure of the U.S. economy.
The underlying analysis (of BLS employment projections) uses currently available information to focus on long-term structural changes in the economy. This post examines the projected employment change within the industries:
The employment shift in the U.S. economy away from goods-producing in favor of service-providing industries is expected to continue. Service-providing industries are anticipated to generate nearly 18 million new jobs. As with goods-producing industries, growth among service-providing industries will vary (Chart 5 below).
Healthcare and social assistance: The healthcare and social assistance industry is projected to create about 28 percent of all new jobs in the U.S. economy. This industry—which includes public and private hospitals, nursing and residential care facilities, and individual and family services—is expected to grow by 33 percent, or 5.7 million new jobs. Employment growth will be driven by an aging population and longer life expectancies, as well as new treatments and technologies. Continue reading “US Employment forecast by industry: 2010-2020”
The US Bureau of Labor Statistics (BLS, the Bureau) is the principal fact-finding agency for the Federal Government in the broad field of labor economics and statistics. Here are some of the latest projections on employments and occupations outlook for the next 10 years:
Total employment is expected to increase by 20.5 million jobs from 2010 to 2020, with 88 percent of detailed occupations projected to experience employment growth.
Industries and occupations related to health care, personal care and social assistance, and construction are projected to have the fastest job growth between 2010 and 2020.
Jobs requiring a master’s degree are expected to grow the fastest, while those requiring a high school diploma will experience the slowest growth over time-frame.
Slower population growth and a decreasing labor force participation rate are expected to lead to slower civilian labor force growth.
A tribute to Steve Jobs and his quotes- an entrepreneur, an inventor, a thinker in his own words…
“There may be no greater tribute to Steve Jobs’ success than the fact that much of the world learned of his passing on a device he invented.” ~ Barack Obama
Steve Jobs, in very simple words, changed the way we go about our work, or the way we think. With innovations like iPod, iPhone and iPad, the man has revolutionized our daily lives.
In real life, Steve Jobs was more than an entrepreneur or an inventor or a business leader. He is the true example of living – the way a life should be.
Steve grew up as an adopted child, raised by a lower middle class family in California. He dropped out of of college after first semester….
Steve Jobs was not an isolated computer nerd or a geek. He looked at the world with a keen eye. He was deeply philosophical during his youth and wanted to study and experience spiritualism. His quest for spiritual enlightenment brought him to India in 1974 summer…. Continue reading “Steve jobs: An example of a life well lived!”
Jobs and occupations – Evaluating your current work options!
Tokyo Women’s Medical University study, published in the American Journal of Hypertension, shows that many workers suffer a significant increase in blood pressure as they return to the office after the weekend.
Other researches show that the most common day for heart attacks is Monday. Statistics spike on Monday mornings, in particular, since heart attacks occur between 4 a.m. and 10 a.m. more than any other six-hour period.
How much do you really like your job or occupation? How you feel on Monday morning may be the real test of your career choice and the occupation. There are very few who enjoy waking up Monday morning, looking forward to the work. After a relaxing weekend, nobody want to go back to the job routine. After all, as name says it all, work is just that – work!
In Indian continent, mango is the king of the fruits! Banganpalli, Chausa, Dasheri, Kesar, Langra and so on – there is no shortage of the different flavors and mouth-watering varieties as you move from one part of the country to another. This ‘fruit of the gods’ is taken for granted in India, Pakistan and neighboring lands.
From king of fruits to just an average fruit – mango is just another fruit in the western countries. As you step outside the Indian continent, you can still find mangoes. In USA, mangoes are sold in many fruit shops and grocery stores. However, these are not the mangoes that grow in the Indian orchards; these are not the same mangoes as the ones you once tasted on the roadside stalls in India. Yes, these are mangoes, but not your Chausa, Dasheri or Langra.
The most of the mangoes sold in US and Canada are locally grown or shipped from Mexico. Many of these local mangoes leave much to be desired. They don’t taste the same as the ones from India, unless you have never had Indian mangoes, or perhaps you forgot the taste of the years. The Indian mangoes are much sweeter, mush more richer in flavor and much more… umm… let’s just say ‘tastier’. There are some things that you cannot really describe. You won’t know the difference unless you try them for yourself. Continue reading “The Indian Mangoes abroad”
Commonsense tips on investing while living home or abroad
“It is a wise man who lives with money in the bank, it is a fool who dies that way.” ~ French Proverb
No matter where you live, the financial planning and investment approach is not much different. By end of the day, the general goal is:
Spend less than you earn
Save for the rainy days
Maximize the return on investment without taking huge risks
Save for the future and retirement days
Enjoy life – money is a mean to live, not the ultimate goal
This article is based on the personal experiences in investing; no formal education in investing or financial planning here. DO NOT base your investment decisions solely on these tips. This is a simple advice from one investor to another. Your situation and circumstances may vary, so this may not apply to everyone.
These are some of the useful and commonsense tips on investing:
1. Save: Yes, the first principle to maximize your net capital or net portfolio is to save. The saving does not always mean being overly frugal or cutting down on the basic needs like food consumptions (while that may not be a bad idea in many cases). Consider eliminating the unnecessary spending and waste. ‘50 tips on saving’ (below) is good article if you are looking for ideas on how to save.
2. Emergency fund: Before investing, it is always a good idea to have emergency fund that you can draw on, in case of emergency – such as loss of employment. Many suggest that you should have enough money readily available so you and your family can live off it for at least six months. Many other suggest having enough emergency funds for a full one year. Based on personal situation, decide on the size of the emergency fund. This money can sit in the savings accounts or other low risk options like short term certificates of deposits or low risk money market funds etc. Continue reading “Commonsense tips on investing and investment ideas”
What is new! The price of ‘true love’ is up again!
Now how do I know this, you might ask? Well, I have my connections – in the kingdom of love, where they carefully calculate the value of love!! Only kidding, it is PNC Bank that calculate it based on the price of all the gifts mentioned in the old Christmas carol – ‘The Twelve Days of Christmas’. And, thanks to the rising price of gold and the soaring birds, the true love costs more in 2010..
Just to to refresh your memory, the carol is a cumulative song, adding the gifts AGAIN as the days go by. The first day starts with one gift from the true love, repeating the same gift next day and adding one more every day. So, on the 12th day, the true love receives 12 gifts. Now that is what you would call …ummm…. true love!! Continue reading “Price of True Love is up again in 2010!!”
USA Employment Characteristics of Families Summary, U.S. Bureau of Labor Statistics
As the country struggles with high unemployment rate, more and more families are impacted by the current economic downturn. Here are some interesting facts from U.S. Bureau of Labor Statistics (US Department of Labor) on family level employment in USA: Continue reading “Employment Picture for US Families”
Okay, first of all, I am not any certified financial advisor, nor do I hold any degree in the field of finance or investing. I am good at math, according to my teachers, but that does not mean anything – almost all Indians consider themselves to be good at math. Bottom-line; take this rant with a grain of salt. On a second thought, maybe more like with a spoonful of salt. 🙂
When it comes to economic growth since early 90s, the whole world is singing praises of India and China. Even the latest predictions estimate Indian GDP growth rate at more than 7%. That is more than double of what is expected in most of the western countries. So, things are not as bad as rest of the world, so it seems.
They say – if life gives you lemons, make lemonade. I say, start a lemonade stand; or start a business that runs like a lemonade stand.
Why? What is there to learn from a bunch of kids sitting on a street corner or in front of their houses, selling lemonade to the passers-by on a hot sunny day?
Well, quite a lot. When it comes to operating a business, the lemonade stand has some of the most commonsense at display,
See it for yourself, some of the common characteristics of a kids’ lemonade stand:
1.Simple and straight-forward: Nothing complicated or flashy – one table or desk, disposable glasses, a piggy-bank or a container for cash and lemonade making supplies- that’s all. That is all the kids need to run their business. Simple but yet so complete, as if nothing is missing.