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Professional Services Industry Trends: 2019 and Beyond

professional services

The Professional Service market has been heating up over the last few years. Last month alone, for example, the Professional Services sector added 31,000 jobs. And over the previous 12 months, the industry gained over 300,000 jobs, according to the Bureau of Labor Statistics. In 2016, the Professional Industries sector was the largest employer in the nation, responsible for employing over 20 million Americans. In 2026, this sector will continue to grow to a projected 22.3 million employees, right behind Healthcare (the nation’s current largest employer).

But what is considered a professional service, and how is this industry employing so many American workers? Let’s take a closer look.

What are Professional Services?

Professional Services is a group of occupations in the tertiary sector of the economy, requiring specialized training in the arts and sciences. Some common examples are attorneys, architects, engineers, and accountants. They often require a special certification or training and offer specialized business support.

In other words, the professional services industry offers specialized services to consumers and businesses. They can vary in sizes and can serve all other industries and sectors. But with the global market forecast of a 5.4% growth rate from 2016 to 2020, which types of occupations are making up the most substantial amount of growth in this industry?

Top 3 professional services

Accounting

Out of all the main Professional Services occupations, accounting is the smallest segments. However, the accounting sector had the most significant growth rate (5.9 percent) between 2012 and 2016. And over the next several years, this sector is expected to grow another 6.2 percent. Thus, the accounting sector is small but mighty. But with the continuous implementation of technology and the push for digitalization, this sector will continue to be one of the largest growing areas for years to come!

Engineering

Between 2017 and 2027, STEM (engineering is one of the largest contributors) is going to grow 13 percent. That’s much larger than the 9 percent growth rate from all other non-stem jobs. Since 1990, these occupations have grown over 79 percent. And what’s cool about engineering is that there are hundreds of different career paths. Depending on your degree, you can become anything from an Aerospace Engineer, designing cutting edge defense technologies or an Environmental Engineer, helping organizations improve their impact on the environment. And if that’s not enough for you, engineers have the highest median salary ($91,010) in the nation. It’s no wonder why engineering occupations will increase by over 140,000 jobs in the next decade!

IT consulting

The information technology industry hit some impressive milestones this year and isn’t slowing down. By the end of this year, the IT industry will reach $5 trillion globally. And employment in the IT sector is projected to grow 13 percent by 2026. That equates to over half of a million jobs created over that period. According to the BLS, that’s faster than all other occupations. As we continue to prioritize cybersecurity, the protection of consumer data and the implementation of artificial intelligence, more and more firms will rely on the expertise of IT consultants. They will bring people inhouse or hire a consulting firm to help them make a smooth transition into the digital era.

Find your next professional

The labor market is tight, and many employers may be struggling to secure the talent they need to accommodate these employment trends. So, if you find that your team needs help sourcing strong candidates, reach out to a professional. Work with one of Johnson Service Group’s recruiters. We have specialized teams for every industry and can help you find your next great employee!

Construction & Engineering Trends to Look Out for in 2019

Construction engineers discussing work on site.

What’s Happening in the Construction & Engineering Industry?

With the implementation of new technologies, changing practices, and a shift in mindset, the engineering and construction industry faces some major changes in 2019 and beyond.

Currently, the construction industry is booming with the employment of over 7.2 million people, an all-time low unemployment rate (1.3% for engineering and 3.6% for construction), and a projected market value of $808 billion by the end of 2019.

This market is extremely competitive; some are even calling 2019 in the construction and engineering industry “The War for Talent.” The heightened competition in this field makes it hard for employers to find the best talent that will drive their company to success. Let’s take a look at the four industry trends to look out for in the second half of 2019.

Technology Might Be Changing Everything

As we all know, technology is constantly changing, affecting almost every part of our lives! As a result, today’s increase in technology directly provides career growth opportunities in the engineering and construction industry. Technology supports, rather than replaces, the industry’s talent with better tools for success. In short, technological advancements provide safer work environments, more efficient practices, and an elevated quality of work.

Technology like smart gear, drones, AI, and smart cities are taking this industry by storm. Smart gear, like connected hardhats and work boots, leads the way in safety with alternative ways to communicate, monitor, and track employees. Alongside smart gear, drones have become more popular on work sites. Within the last year, drone usage increased by 239 percent. Using drones provides a more advantageous way to look at sites, create heat maps, gather analytics, and market.

In addition, the efficiency of projects is skyrocketing with the help of technology. AI alone reduces project time and cost by as much as 15 percent! Overall, the variety and multitude of advancing technology are paving the way to the future: smart cities! These advanced cities incorporate ICT, information, and communication technologies to improve the entire city’s quality of life. Smart cities provide a better future living while also reducing waste and consumption. New York, China, and Singapore are just a few cities that have already started implementing smart city practices. Smart city spending is expected to reach $158 billion globally by 2022, and is relying on the engineering and construction industry to get there!

Software is Improving Efficiency Beyond Belief

Overall, the construction and engineering industry is thriving due to the increase in technology. The industry is facing some technological advancements related to data and software from which it won’t be able to shift away. Improvements in project management software programs make jobs more time-efficient by eliminating steps in the process. Building Information Modeling (BIM) Software and Smart Contracts are on the rise. BIM’s 3D intelligent software is making industry leaders stand out from the crowd by facilitating the entire life cycle of a project. Likewise, Smart Contracts also increase productivity by providing an all in one tracking system that keeps all the moving parts of the business operation in line.

Construction and Engineering Practices are Taking a 360

Modular and prefabricated construction is accelerating the future of the construction and engineering industry. Modular/prefabricated construction can generally be clumped together and defined as when modules of buildings are assembled off-site then brought on-site for final construction. This relatively new method in construction has significant benefits, including financial savings, time efficiency, environmental benefits, safety improvements, and project flexibility. Being overall, greener, faster, and smarter. It’s predicted that modular construction will continue to grow by 6.9 percent per year, hitting an impressive $157 billion by 2023!

Sustainability is Becoming More and More Important

In combination with updated practices and technology advancements, going green in today’s society seems easy. Consequently, green construction is the most trending topic in the construction industry. Green construction is a way of building projects in an environmentally responsible and resource-efficient way. And, the younger generation views not as an extra benefit, but as an expected standard. This industry is gearing toward renewable and sustainable practices by aiming for the Leadership in Energy and Environmental Design (LEED) Certification. This world-renowned certification provides a way to verify environmentally friendly practices through a widely recognized source. Today, companies want to obtain this certification to achieve instant recognition, increased efficiency, and decreased resources. In conclusion, it’s evident that going green truly has its perks in saving money and time in this industry.

What Now?

The engineering and construction industry faces rapid growth and change in 2019, and it doesn’t seem to be stopping there! Now is the time where talent is needed the most but the most difficult to find! But, we are ready to help you find the best and most qualified talent in today’s tight labor market. Check out our job board to get your critical roles filled fast!

Focus On: Engineering

Focus On Engineering

One of the main areas that JSG recruits for is Engineering. From Aerospace Engineers to Software Engineers to Structural Engineers and everything in between, we recruit them all for hundreds of companies throughout the US and Canada. The Engineering industry has experienced a 10.3% steady growth rate over the last 10 years and with new technologies emerging every day, it doesn’t look like hiring will slow down anytime soon! We asked a couple of our Engineering recruiting experts to share their thoughts on today’s market.

Jeff Paarlberg, Branch Manager – JSG Jacksonville

“Our region’s Engineering needs are in the energy/utility space, simply because that is what are clients specialize in. In that space specifically, we have seen heavy demand for positions directly related to utility infrastructure projects (transmission/substation/grid modernization). Most of these roles are common project needs with very specific industry experience, i.e. Project Managers, Schedulers, Estimators, EHS Specialist, etc. These needs are in various states, and many of these modernization projects are multi-year endeavors. So, not only does it provide stability in the marketplace for consultants, but it also provides continued hiring needs as the scope of projects progress from cradle to grave. We do not anticipate any slow down over the next 3 quarters of 2018. Demand for these project-specific skill sets continue to increase as grid modernization spreads across more remote locations where the local talent pool is not as deep.”

Jim Halvorson, Branch Manager – JSG Chicago

“In the greater Chicago land area, JSG provides engineering staffing services for primarily the corporate manufacturing, engineering services, and construction industries.  In 2018, JSG has seen a high demand for engineering talent in all 3 market segments. This goes for both contract and direct hire openings.  The most recent employment statistics released by the Bureau of Labor Statistics for April only reinforces this hiring trend, since 3 out of the top 5 industries that experienced job growth include engineering, manufacturing and construction-related roles.  In the greater Chicago area, some of the more in-demand job openings that we recruit for include: Civil/Structural Engineers, Mechanical or Electrical Design Engineers, Machine Design, Controls Engineers and Project Engineers with specific construction/building systems backgrounds.  In the current economic environment, it is important for companies to be prepared to act quickly on engineering talent that meets their hiring criteria.  If not, there is a strong chance they will compete with multiple offers. This risks losing that candidate to another opportunity.  The high demand for engineers does not seem to be slowing down any time soon.”