The top executives in America… and the path

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’:

What Top Executives Do
Top executives devise strategies and policies to ensure that an organization meets its goals. They plan, direct, and coordinate operational activities of companies and organizations. Continue reading “The top executives in America… and the path”

Jobs and occupations in high demand : 2010-2020 Projections

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”

US Employment forecast by industry: 2010-2020

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:

Service-providing 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”

2010–2020 USA Employment Projections

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.

Continue reading “2010–2020 USA Employment Projections”

Your pay depends on where you live in USA

U.S. Bureau of Labor Statistics: Comparisons of pay between metropolitan areas

This should come as a no surprise – your earnings from a job or occupation can vary significantly, even within the same country. Based on a report from the Bureau of Labor Statistics of the U.S. Department of Labor, your pay depends on where you live and work in America.

The variations are quite noticeable from city to city. For example, the average pay for a civilian workers in the San Jose-San Francisco-Oakland, CA metropolitan area was 20 percent above the national average in 2009.

This National Compensation Survey (NCS) study includes 77 different metropolitan areas. The chart below is a pictorial view of the pay relation for some of the cities across USA. In this survey, the term ‘pay’ includes all the wages, salaries, commissions, and production bonuses. Continue reading “Your pay depends on where you live in USA”

Asian Women lead the US work force ranks

The highlights of Asian women in work force in USA

U.S. Bureau of Labor Statistics, a division of U.S. Department of Labor has published some very interesting facts on women in work force in USA. In a report titled ‘Women in the Labor Force’ (2009 Edition) a wide range of employment statistics are highlighted. This particular write-up, to match the interests of the main readers/visitors of the site, is focused on the statistics related to Asian women in USA.

Note that there are no separate official statistics available for only Indian-American women in this  detailed survey. So, Asian women’s category is the closest gauge in this case.

The highlights of women in work force in USA: With main focus on Asian women, here are some of the highlights. Continue reading “Asian Women lead the US work force ranks”

25 Highest Paying Jobs and Occupations in America

25 Jobs and Occupations with the highest annual wages in America

The US Bureau of Labor Statistics (BLS) program called ‘The Occupational Employment Statistics’ produces employment and wage estimates for national and state level occupations. Based on the latest data available, following are the highest paying jobs and occupations in America, along with the the median annual wages and a brief description of the occupation as provided by the US BLS.

Note that a highest paying job does not mean that it is in the highest demand.

1. Oral and maxillofacial surgeons (More than $166,400): Perform surgery on mouth, jaws, and related head and neck structure to execute difficult and multiple extractions of teeth, to remove tumors and other abnormal growths, to correct abnormal jaw relations by mandibular or maxillary revision, to prepare mouth for insertion of dental prosthesis, or to treat fractured jaws.

2. Orthodontists(More than $166,400): Examine, diagnose, and treat dental malocclusions and oral cavity anomalies. Design and fabricate appliances to realign teeth and jaws to produce and maintain normal function and to improve appearance.

3. Prosthodontists (More than $166,400) Construct oral prostheses to replace missing teeth and other oral structures to correct natural and acquired deformation of mouth and jaws, to restore and maintain oral function, such as chewing and speaking, and to improve appearance.

4. Physicians and surgeons (More than $166,400) : All physicians and surgeons not listed separately. This is general category for the physicians/doctors and surgeons, practice medicine and perform surgeries.

6. Chief executives ($158,560): Determine and formulate policies and provide the overall direction of companies or private and public sector organizations within the guidelines set up by a board of directors or similar governing body. Plan, direct, or coordinate operational activities at the highest level of management with the help of subordinate executives and staff managers.

6. Dentists, general ($142,870): Diagnose and treat diseases, injuries, and malformations of teeth and gums and related oral structures. May treat diseases of nerve, pulp, and other dental tissues affecting vitality of teeth. Continue reading “25 Highest Paying Jobs and Occupations in America”

US Employment scene by Race and Ethnicity

The interesting facts below are based on a report from US Department of Labor and the U.S. Bureau of Labor Statistics. Their report ‘Labor Force Characteristics by Race and Ethnicity, 2008’ is compiled for the year 2008; however, the picture painted below is probably not far from what we have today.
Also, note that there is no separate category for ‘Indian Americans’;  in this study, Indians are a part of the ‘Asian’ group. Here are the key highlights from the US Department of Labor report:

Occupation and industry:

  • Compared to Asians and whites, blacks and Hispanics are less likely to be in management, professional, and related occupations—the highest paying major job category.
  • In 2008, half of Asian men worked in management, professional, and related occupations, compared with only 34 percent of white men, 23 percent of black men, and 15 percent of Hispanic men.
  • Among women, in 2008, Asians were more likely than other groups to be employed in management, professional, and related jobs.
  • About 46 percent of Asian women were employed in management and professional occupation group, compared with about 41 percent of white women, 31 percent of black women, and 24 percent of Hispanic women.
  • Asians accounted for 5 percent of all employed workers but made up a much larger share of workers in several job categories, including computer software engineers (29 percent); physicians and surgeons (17 percent); and electrical, electronics, and electromechanical assemblers (18 percent).
  • Asians were over-represented in professional and business services, in manufacturing, and in leisure and hospitality.


Unemployment stats:

  • Among the major race and ethnic groups, Asians had the lowest unemployment rate of 4.0% in 2008. The blacks had the highest rate at 10.1 percent, 7.6 percent for Hispanics and 5.2 percent for whites.
  • The unemployment rates were 4.9 percent for white adult men and 4.4 percent for white adult women. The jobless rates for Asian adult men and women were 3.9 and 3.5 percent, respectively. However, the rates for black adult men and women were 10.2 and 8.1 percent, respectively.
  • Teenagers (ages 16 to 19) are especially vulnerable to joblessness. In 2008, black teenagers had the highest unemployment rate among the major race and ethnicity groups at 31.2 percent, compared with 22.4 percent for Hispanics, 16.8 percent for whites, and 14.6 percent for Asians.
  • Unemployed blacks have been jobless for longer periods than unemployed workers in other groups. In 2008, the median duration of unemployment for blacks was 12.1 weeks, compared with 10.2 weeks for Asians, 8.8 weeks for whites, and 8.4 weeks for Hispanics.

Education:

  • About 90 percent of blacks and Asians in the labor force had received at least a high school diploma, the same proportion as whites. However, only about 68 percent of Hispanics had completed high school.
  • Asians were most likely to have graduated from college; 58 percent had a bachelor’s degree or higher, compared with 34 percent of whites, 24 percent of blacks, and 16 percent of Hispanics.
  • For all the groups, higher levels of education are associated with a greater likelihood of being employed.
  • Individuals with higher levels of education generally have better access to higher paying jobs. However, at nearly every level of education, blacks and Hispanics were more likely to be unemployed in 2008 than Asians or whites. Go figure!

Continue reading “US Employment scene by Race and Ethnicity”

USA Employment Projections for 2008-2018

The U.S. Bureau of Labor Statistics (BLS) reported on Dec. 10, 2009 that, during the 2008 to 2018 period, the total employment in America is projected to increase by 15.3 million, or 10.1 percent.

These are very interesting projections; and good news at the times when jobs are scarce. Some of the key highlights of the study are:

  • Projections show an aging as well as a more racially and ethnically diverse labor force
  • Employment growth in service-providing industries. More than half of the new jobs will be in professional and service related occupations.
  • Occupations where a post-secondary degree is usually required are expected to account for one-third of total job openings during the projection period.
  • Job openings from replacement needs–those which occur when workers who retire or otherwise leave their occupations need to be replaced– are projected to be more than double the number of openings due to economic growth.
  • The projected growth for the 2008-2018 period is larger than the increase of 10.4 million over the 1998-2008 period. An increase of 7.4 percent decade-over-decade.
  • The relatively slow growth rate for the earlier 10-year period was affected by the recession which began in December 2007.
  • The projected growth rate is higher than would otherwise be expected because the 2008 starting point is a recession year.

This report focuses on four areas for which BLS develops projections–labor force, industry employment, occupational employment, and education and training. Continue reading “USA Employment Projections for 2008-2018”

Jobs and Occupations in highest demand in USA: 2006 to 2016

Bureau of Labor Statistics: A summary of Tomorrow’s jobs

Making informed career decisions requires reliable information about opportunities in the future. Opportunities result from the relationships between the population, labor force, and the demand for goods and services. ~ US Bureau of Labor Statistics
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The unemployment rate in USA is almost 10% – the worst in decades. A large number of well qualified individuals are desperately looking for jobs. Finding a job that you really like, and getting it, can be a challenging process.

This article provides a long term view of the jobs and occupation that are, and going to be, in high demand in USA. The information and data is based on the study from U.S. Department of Labor, Bureau of Labor Statistics. A wide variety of occupations are forecast to be in high demand. Among all occupations, health-care is forecast to make up 7 of the 20 fastest growing occupations.

The first chart displays the jobs and occupations that are supposed to enjoy the highest rate of increase. The Top jobs with highest percent change in employment over the period of 2006-16, as shown in the chart, include: Continue reading “Jobs and Occupations in highest demand in USA: 2006 to 2016”