Job opportunities are strategies that are put in place by the government to ensure that residents of a certain state have access to work these means there are job openings, jobs can range from full-time jobs to part-time jobs. In this article, I will be going to give my thoughts on what industries may offer the best job opportunities in the future; also I will give my thoughts on the industries that might give the most job opportunities in the global market in the future using the PESTEL framework and give forces model.
The best jobs opportunities in the United States lies in the manufacturing and public relation management. These are field possess the greatest growth potential because of various factor such as rise in technology, supply chain innovation, competition from low-cost developing countries, a reduced barrier to trading, low cost of developing, and also considering that currently, the USA is the third manufacturer after China and the EU, The country is committed to set strong manufacturing base to cover the gap with the competitors and also to meet the higher demand of their growing population (Li & Yang,2017). Companies such as Thor industries are setting strong manufacturing base in the country to meet the largely growing population. Due to rise of ethical concern overproduction by customers around the globe it has made most of the manufacturing jobs to move to the US. There has been improved public relations of the country with other countries this has boomed the image of a country thus increasing sales and profits (Citino,2017). This shows evidence that there will be booming job opportunities in the future manufacturing and public relations sectors. They also have the greatest potential for growth in the future.
PESTEL framework is external factors that affect the growth and expansion of an organization. The acronym entails political factors, economic factors, social, technological, environmental, and legal factors. In contrast, the five forces model helps the organizations assess their industry attractiveness and how other factors like competition will affect their operation. The political factors showcase how the government policy, for instance, in manufacturing and public relation management, can be influenced by the government through fiscal and taxation policies implemented by the government. Economic factors are also essential in selecting the business to implement in the economy. These factors are based on interest rates, employment rates, raw materials, and foreign exchange rates. Businesses are commonly viewed to be established in areas near the raw materials. Manufacturing jobs are steadily rising in America since there are low-interest rates from the financial firms. Additionally, the job opportunities have been fueled by some social factors that involve the education level, cultural trend, and changes in lifestyles commonly witnessed in America (Summer,2019). The level of technology, legal and environmental factors also favors the growth of companies in the nation, such as automation research and development, environmental factors like climate and recycling procedures, and legal factors that involve employment legislation and trade regulation that has facilitated the growth of the companies.
The five forces model has also facilitated manufacturing and public relations management through the competition that exists in the economy. The competition level is fueled by the bargaining power of the suppliers, the bargaining power of the buyers, threats of new entrants, threats of substitutes, and competition among the existing competitors in the industry.
Citino, N. J. (2017). Envisioning the Arab Future: Modernization in US-Arab Relations, 1945–1967. Cambridge University Press.
Li, J., & Yang, H. (2017). A research on development of construction industrialization based on BIM technology under the background of Industry 4.0. In MATEC Web of Conferences (Vol. 100, p. 02046). EDP Sciences.
Summers, G. F. (2019). Industrialization. In Rural Society in the US: Issues for the 1980s (pp. 164-174). Routledge.