What industry is in high demand

According to a research published by LinkedIn, there is a significant need for software engineers, registered nurses, and salesmen, while there is an ongoing demand for service professionals.

The service sector is seeing the greatest expansion.

In the latter few months of 2021, businesses started getting back into the habit of doing in-person transactions, which resulted in an increase in the need for service professionals across the board.

The hospitality industry took a particularly severe damage as a result of the epidemic. According to the State of the Hotel Industry 2021 study published by the American Hotel and Lodging Association, the hotel industry lost roughly 4 million jobs overall and 670,000 employees in operations in the year 2020.

The demand for housekeepers, which also includes professionals who clean homes and hospitals, more than quadrupled from the third quarter (July–September) of 2021 to the fourth quarter (October–December) of the same year as the sector worked to recover from the recession.

According to the postings for employment, the following are the top five occupations with the most demand and the quickest rate of growth during this time period:

Housekeeper – 320 percent increase

260 percent increase in the food specialized industry

Increase of 250% in employment for pharmacy specialists

Growth in the field of tax consulting of 240 percent

Developers skilled in Python saw a rise of 230 percent.

Most In-demand Jobs Overall, Things Have Not Changed Much

However, the occupations that were in the greatest demand before to COVID continue to score highly despite the changes in the workforce that have caused several businesses to face labor shortages.

According to postings on LinkedIn, the following are the careers that had the most total demand in the fourth quarter of 2021:

Software engineer

JavaScript developer

Salesperson

Registered nurse

Software Engineer Specializing in Java

One of them, nursing, was the only one that had been added to the list during the epidemic.

The only job in the top 10 that made it into the list in the fourth quarter was driver, and it came in as the ninth most in-demand position. The fourth quarter is often the Christmas shopping season; thus, it is possible that shopping and e-commerce contributed to the increased need for drivers.

The priorities of workers shift as a direct result of high quit rates.

According to the Bureau of Labor Statistics, the number of employees who voluntarily left their positions after hitting an all-time high of 4.51 million in November 2021 remained higher after reaching the record high.

This trend was driven mostly by customer-facing businesses such as hospitality, retail, and food service, all of which, under normal conditions, exhibit significant employee turnover rates.

As a result of increased negotiating power brought about by labor shortages, employees now prioritize different factors when selecting an employer.

According to the findings of a poll conducted by LinkedIn in 2021, job seekers put a greater emphasis on having access to flexible working arrangements, inclusive work environments, and a healthy work-life balance.

Employers are reevaluating the methods through which they attract potential candidates.

There is no sign of an end to the labor shortage in sight, and employee fatigue is at an all-time high. As a result, many businesses are rethinking their recruiting procedures in order to speed the application and interviewing processes.

According to Payscale's 2022 Remuneration Best Practices Report, some organizations are boosting their compensation in an effort to retain top talent and recruit new talent. Of those companies, 44 percent expect to provide increases of more than 3 percent to their employees.

However, considering that inflation is getting close to 8 percent, this is not enough to compensate for the rise in the cost of living, which may cause some people to feel unsatisfied with their jobs.