After spending a decade — or more — in the same industry, some professionals grow weary of the same-’ole, same-’ole, and start to look for greener pastures. But before you make a significant pivot, it’s smart to put a little more emphasis on the ‘green.’ AKA: those industries that are forecasted to grow in the near future. Particularly in the middle of a pandemic where unemployment is high but open opportunities are low, experts recommend researching the various sectors that aren’t as financially impacted by COVID-19. Here, where to begin:
Nursing, healthcare, and pharmaceuticals
No matter what is happening in the world, this industry is always in demand, according to industrial-organizational psychology practitioner and workplace expert Amy Cooper Hakim, Ph.D. As the virus continues to impact more patients, even more medical staff are needed in emergency services. With doctors tending to the needs of this deadly diagnosis, nurses and other healthcare employees will be needed to meet unrelated medical surgeries, procedures, and concerns.
Also, during this unpredictable season, the pharmaceutical industry is predicted to enjoy economic surplus as a result of the coronavirus, according to Amanda Augustine, career expert for TopResume. “Many pharmaceutical companies are reaping the benefits from increased investment in the multi-billion dollar race to develop a COVID-19 vaccine, while others are experiencing revenue growth from the production of virus-testing kits, face masks, and other protective gear,” she continues. “In addition, some businesses, such as Johnson & Johnson, are ‘repurposing’ products created for other pandemics to meet current needs.”
Not to mention, consumer product mega houses — like Reckitt Benckiser, the maker of Lysol and The Clorox Company — are seeing steady sales, too. If you’re involved in any of these areas, now is the time to make moves.
Technology isn’t going anywhere — and with our newly socially-distant, remote lives, it’s only going to become a bigger part of work and play. Ben Lamm, the CEO of Hypergiant, says anyone who is interested in building a career in tech has a solid opportunity to join various startups and established brands. They will all be tasked with responding to the needs of the public as the pandemic continues. Lamm predicts growth in entertainment (games and apps), remote work software (like Zoom), and bio-medical devices (like UVC lights for personal use).
Lanett Austin, the director of talent management and diversity at Curaleaf echoes Lamm’s predictions, and also adds remote-work policies will also impact the bottom line of company’s like Google, Twitter, Square, Shopify, and so on. Because they allow their workforce to remain at home permanently, they’ll save majorly on real estate. With this extra cash, Austin believes companies will reinvest back into their people and products in order to continue to create new platforms to support the companies/employers and develop virtual cultures. “Plus, in adopting a work-from-anywhere model, companies can employ more talent worldwide, without being pigeonholed by a candidate’s location,” he adds.
Hakim says that while a restaurant and/or grocery delivery used to be a luxury, it’s unnecessary for those who are strictly remaining at home until there is a vaccine for the virus. Because of this, she predicts the food industry will continue to hire to meet consumer demands. It may not be the rosiest picture for bars and establishments who can’t open to full capacity (and may have to shut down in the fall without outdoor dining), Hakim says there is hope.
Sites like Dumpling offer entrepreneurs to venture out on their own while delivering goods to others. Also, grocery stores will remain open during peak breakout times, so this industry won’t go away, no matter what.
Global warming conversations are only heating up — and while our planet has appreciated some reprieve, there is no way to reverse much of the damage. That’s why Lamm says green technology will see rapid growth in the months to come, providing more job opportunities for those invested. “The COVID pandemic showed what broad social mobilization can do to address a threat to our species. As these threats increase due to a warming world, we will require new, different, and less harmful ways of working and living,” he explains. “This means that we are going to push to embrace more and more clean and green technologies that sequester carbon, off-set pollution, and refine the current industries that are over-polluters.”
The housing market may have taken a nosedive because of the COVID-19 pandemic lockdown, but recent data indicates that the worst of its near-term effects may be behind the sector on a national level, according to Augustine. More city-dwellers may be looking into becoming first-time homebuyers, as they migrate out of the highly-infected cities and into smaller towns and suburbs that make it easier to naturally social distance. With low mortgage rates, it’s an attractive time to consider the transition for many.
While it isn’t the case everywhere, many zip codes are in a favorable position, Augustine notes. “The entire housing market has not reaped these benefits — we’ve seen the price of homes falling sharply in Manhattan — however, many pockets of the country will continue to benefit from the current residential housing boom, creating new job opportunities between now and the end of the year,” she adds.
Products or services for working parents
Since many working professionals are also caring for children with schools and daycares only partly open, Augustine predicts companies that offer solutions to make the balance easier will be hiring like crazy. It’s no surprise that parents are burning out, and they are willing to invest in anything to help. “Producers of teleconferencing technology and other remote collaboration tools, businesses in the gaming and streaming media —think Netflix, Disney+, Hulu — industries, and B2C ed-tech will be needed more than ever to help professionals balance their workloads and children’s new school routines,” she explains.