help wanted - millennials - job opportunities
TRANSCRIPT
WHAT IS THE FUTURE FOR EMPLOYMENT FOR MILLENNIALS
BY: PAUL YOUNG, CPA, CGA
DATE: FEBRUARY 5, 2016
AGENDA
• Historical Jobs – 1960s
• Job Market Changes
• What is Globalization
• Globalization - GDP 1980 –vs- GDP 2016
• Importance of Exports
• Education / Jobs
•
1960S – CHANGING FACE OF THE JOB MARKET
JOB MARKET CHANGE / SUMMARY
• Jobs will come and go depending on what market conditions our for a business
• Many failures of business are align to businesses not adjusting to their market conditions
• All government need to have a balance approach to both taxation and spending
• United Nations needs to get back to its’ charter including bringing in oversight into foreign aid. Foreign aid is very important as part of helping emerging countries support better opportunities for their people.
• Fair trade deals need to be negotiating to ensure jobs are created in various countries
• More and more companies need to investment more into innovation (R&D spending) as part of managing their product lifecycles.
WHAT HAS BEEN CHANGING• Close to 50 years have past since the 1960s ended. Here are things in 2010s that are driving the job
market
• IoT – Internet of things is allowing for more monitoring of everyday events by either people or business
• Analytics – More and more decisions are driven by analytics including Artificial Intelligence (AI)
• Automation – Robotics and 3-D Printing
• Productivity – Flexible Manufacturing, Modular Manufacturing, outsourcing
• Globalization – Emerging Markets
• Consumer demands – low cost products
WHAT IS GLOBALIZATION?
• Source - http://www.globalization101.org/what-is-globalization/
Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world.
GLOBALIZATIONGDP 2016 Ranking
Source - https://knoema.com/nwnfkne/world-gdp-ranking-2016-data-and-charts-forecast
GDP 1980 Ranking
EXPORTS / GDP IMPORTANCE
• Source - https://geopoliticalfutures.com/the-export-crisis-the-10-worst-hit-countries-and-the-5-most-at-risk/
1. China2. Russia3. Saudi Arabia4. South Korea5. Australia6. Zambia7. Angola8. Nigeria9. South Africa10. Mongolia
Comments• Exports Drive business investment which drives jobs• For each $1B of exports there is 5,500 jobs• Consumers want cheat products, like TVs, iPads, Android, clothes,
etc.• Domestic markets for many countries are small as such they need
to export their goods and services to other countries• Tariffs and Duties can be applied to costs of goods • Many countries have both FIPA and Trade agreements with
countries
Jobs Opportunities• Logistics (Port, Rail and Trucking)• Supply Chain Management Professionals• IT solutions (IoT)• Finance/Accounting (Taxation, Trade Finance, etc.)
FAILURES – EDUCATION (GOVERNMENT)• Education is important when aligning education with skills
• Too many students are taking degrees that have little upside when it comes to career opportunity
• More and more jobs will required combination of technology and Math as well as Sciences
1. Solutions Architect2. UX Designer3. Strategy Manager4. Database Administrator5. HR Manager6. Analytics Manager7. Tax Manager8. Data Engineer9. Development Ops Manager10. Data Scientist
Source - https://ca.finance.yahoo.com/photos/top-10-jobs-apply-2017-slideshow-wp-131010572/
Top 10 jobs for 2017Comment /Top 2017 Jobs
SUMMARY
• Millennials have the opportunity to re-shape their future by aligning education along with networking to both current and future career opportunities.
• Millennials need to treat their education like investment. If you are going to spend $25 to $50K for education then there needs to be payback for your investment
• Millennials need to develop soft skills in areas like interpersonal skills, critical thinking, time management and judgement
