Career Landscape Changes Dramatically
NEW YORK ( MainStreet) Fewer middle management jobs are appearing in online job searches as the landscape for careers is changing rapidly, according to a new study by TheLadders.
The study analyzed key words and phrases that job seekers use to search for jobs, along with employers' word choices for job postings and revealed that middle-management jobs are rapidly decreasing in relative popularity, according to TheLadders, a New York-based online job-matching service.
The data concludes that the growth rate of titles containing the word "manager" is 25% lower than average growth rate and the rate of titles containing the word "director" is 50% lower. Within the top 10% of growing jobs, undern 2% of titles contain the word "manager" or "director."
The fastest growing jobs tend to shy away from management and instead require educational qualifications and specific skills in the areas of science, technology, engineering and mathematics (STEM). With seven of the 10 fastest-growing job titles, the technology industry dominates market share with positions that necessitate specific technical skills for developing software and mining data. Four of the seven fastest-growing technology jobs - dev ops engineer, iOS developer, data scientist and android developer did not even exist on TheLadders five years ago.
"In examining job growth over the past five years, there is an undeniable demand for developers and analysts who possess unique expertise within the burgeoning STEM industries," said Shankar Mishra, vice president of data science and analytics for TheLadders. "On the opposite end of the spectrum, once coveted management jobs are rapidly declining, revealing a trend that high earning professionals are not necessarily on a management track, nor do they desire to be."
The professional job market is changing because of new technologies which are emerging, he said.
"As new technologies come in, the need for individual expertise in leveraging these technologies to create a product/business becomes a lot more important," Mishra said. "That's the shift we see in today's marketplace."
Job seekers who are currently working in middle management should remain current by maintain the technical skills that are relevant to your field, said Amanda Augustine, job search expert at TheLadders.
"If you want to continue advancing in your career, a great set of management skills will not be enough, especially if you work within the technology field," she said. "Organizations expect their leaders to possess the latest technical skills in addition to great people-management skills. Don't assume that your skill mastery is over now that you manage a team."
Companies are seeking candidates with a technical background from the engineering and science fields, said Steve Elias, executive vice president of Jobplex Inc., a St. Louis recruiting firm.
"There is a large demand for candidates with that background," he said. "A technical degree like engineering will always be helpful. It will never hurt you. Experience is also a very important thing."