|
| |
JOBLESS
RATE ROSE TO 5.5% IN MAY
The unemployment rate jumped to 5.5 percent in May — the
biggest monthly rise since 1986 — as nervous employers cut 49,000 jobs.
Overall, the economy has shed 324,000 jobs this year, the worst start to a
year since 2002, when the nation was still struggling with the aftereffects of
a recession.
The 5.5 percent rate is relatively moderate judged by historical standards.
Yet, there was no question that employers last month sharply cut jobs with
total job losses this year in:
- Professional and businesses services - 39,000
- Construction - 34,000
- Retailing - 27,000
- Manufacturing - 26,000
Part of that business and professional services decline came
from a 30,000 cut in temporary jobs, bringing losses in that sector to 106,000
so far this year.
Those losses swamped gains elsewhere this month, including
in:
- Education
- Health
- Government
- Leisure and Hospitality
Job losses in both March and April turned out to be larger
than the government previously reported. Employers now have cut payrolls for
five straight months.
Employers won’t want to increase hiring until they feel
more sure that an economic recovery has strong legs.
Unemployment
Soars to 5.5%
NEW
JOBS TO DEAL WITH GLOBAL WARMING
The world needs to invest $45
trillion in energy in coming decades, build 1,400
nuclear power plants and vastly expand wind
power in order to halve greenhouse gas emissions by 2050, according to the
release of a recent energy study.
The International
Energy Agency envisions a "energy revolution" that
would greatly reduce the world's dependence on fossil fuels while maintaining
steady economic growth.
The scenario for deeper cuts would
require massive investment in energy technology development and
deployment, a wide-ranging campaign to dramatically increase
energy efficiency, and a wholesale shift to renewable sources of energy.
Assuming an average 3.3 percent
global economic growth over the 2010-2050 period, governments and the private
sector would have to make additional investments of $45 trillion in energy, or
1.1 percent of the world's gross domestic product.
That would be an investment more than
three times the current size of the entire U.S. economy.
The second scenario also calls for an
accelerated ramping up of development of so-called "carbon capture
and storage" technology allowing coal-powered
power plants to catch emissions and inject them underground.
The study said that an average
of 35 coal-powered plants and 20 gas-powered power plants
would have to be fitted with carbon capture
and storage equipment each year between 2010
and 2050.
Most of the money would be in the commercialization
of energy technologies developed by governments and
the private sector.
This is where the new job market with sustainable
employment is headed and many future
jobs may be found.
Study:
$45 Trillion Dollar Investment Needed to Fight Global Warming
GREEN INDUSTRIES BRING NEW
JOB OPPORTUNITIES
Solar,
wind, and biofuels
are all growing alternatives, and these fairly young industries will need people
— people to produce, install and sell their
products.
That means a wave of employment opportunities — so-called
green-collar jobs — could sweep the nation.
Some experts project an explosion of such jobs, but no one really knows how many
green-collar jobs there are today because the government doesn’t even
have such a category.
The term Green-collar
jobs is used to describe jobs from the office to the
factory floor.
Estimates vary widely on the size of the opportunity:
-
One environmental
coalition, the Apollo Alliance, projects 3 million
green-collar jobs will be created in the next decade, based
on planned public and private investment of some $30 billion.
-
Richard Kearney,
director of the School of Public and International Affairs at North Carolina
State University, puts the figure closer to 100,000 new jobs
in the next few years.
In any case, green industries are growing at a time when many others
are shrinking and laying off workers, offering at least a glimmer of hope.
If
you’re looking for lifetime employment this is the opportunity for you,”
says Bronwyn Llewellyn, co author of “Green Jobs: A Guide to Eco-Friendly
Employment.”
The key is to separate the real green-collar jobs from pseudo
green-collar jobs. While some traditional firms have added
environmentally safe products or tout green initiatives, a truly green
company is dedicated to producing renewable energy or products
and environmentally sound services.
Workers need look carefully for these green-collar job ads because
they will be delivered through “discrete sectors of the economy” —
everything from bicycle repair to organic food production.
Recycling, energy efficiency, solar, wind,
and water conservation will be the fastest growing
sectors.
This may be a golden opportunity for those who are willing to
think outside of the box and to relocate.
Solar
Energy Companies
Wind Energy Companies
Biofuel
Companies
Green
Industries Offer Job Growth Opportunity
JOBS PAYING $20 - $30 AN HOUR
The
median household salary is $48,201, according to the 2006 U.S. Census
Bureau report. This makes the average hourly rate $23.17 based on a
40-hour workweek.
Positions
earning between $20 and $30 per hour and experiencing job growth
through 2016, based on data from the
Bureau of Labor & Statistics include:
|
TITLE |
HOURLY / ANNUAL SALARY |
GROWTH THROUGH 2016 |
INDUSTRY |
| GAMING SUPERVISOR |
$20.18/ $42,390 |
23% |
Personal & Care Services |
| HEALTH EDUCATORS |
$21.18/ $45.370 |
26% |
Community & Social Services |
| SUBWAY & STREETCAR OPERATORS |
$22.20/$46,180 |
12% |
Transportation & Materials Moving |
| Respiratory
therapists |
$23.37/$48,610 |
23% |
Health
Care Practitioner & Technicians |
| Curators |
$24.03/$49,980 |
23% |
Education,
Training & Library Occupations |
| artographers
and photogrammetrists |
$25.29/$52,600 |
20% |
Architecture
& Engineering |
| Multimedia
artists and animators |
$27.90/
$58,030 |
26% |
Art,
Design, Entertainment, Sports, & Media |
| Arbitrators,
mediators and reconcilers |
$28.27/
$58,790 |
11% |
Legal |
| Urban
and regional planners |
$28.33/$58,940 |
15% |
Life,
Physical & Social Sciences |
| Loan
officers |
$29.77/$61,930 |
11% |
Business
& Financial Operations |
|
|
|
|
| MORE $20-$30 JOBS |
|
|
|
| CLERGY |
$20.70 |
|
|
| GAS PUMPING STATION OPERATORS |
$21.52 |
|
|
| ELECTRICIANS |
$22.41 |
|
|
| Dieticians
and nutritionists |
$23.02 |
|
|
| Appraisers
of real estate |
$24.57 |
|
|
| Editors |
$25.59 |
|
|
| Public
relations specialists |
$25.85 |
|
|
| Zoologists
and wildlife biologists |
$26.98 |
|
|
| Food
scientists |
$28.49 |
|
|
| Detectives
and criminal investigators |
$29.05 |
|
|
FORTUNE'S BEST BIG COMPANIES TO WORK FOR -
2008
1.
VALERO ENERGY
Fortune
1000 rank: 16
Best Companies rank: 67
No. of
U.S.
employees: 17,488
Most common salaried job: Store Manager - Retail
Avg. pay in that job: $97,730
What makes it so great? Largest oil refiner in
North America
makes its corporate jet available for employees with medical emergencies and
covers 100% of health insurance premiums.
2.
GOLDMAN SACHS GROUP
Fortune
1000 rank: 20
Best Companies rank: 9
No. of
U.S.
employees: 13,764
Most common salaried job: Other Exempt (Analysts, Program Analysts,
Associates, and Professional Non-Exempt)
Avg. pay in that job: $137,000
What makes it so great? It was a rough year for Wall Street, but Goldman
had record sales and profits. Comp and benefits rose 23% from the previous year,
to $20.19 billion.
3.
MICROSOFT
Fortune
1000 rank: 44
Best Companies rank: 86
No. of
U.S.
employees: 47,645
Most common salaried job: Software Development Engineer
Avg. pay in that job: N.A.
What makes it so great? Software behemoth offers 2,300 different courses;
training consumes 3% of budget. It has expanded the campus to include 5.5
million square feet of new office space.
4.
FEDEX
Fortune
1000 rank: 68
Best Companies rank: 97
No. of
U.S.
employees: 228,211
Most common salaried job: Operations Manager-FedEx Express
Avg. pay in that job: $76,751
What makes it so great? Firm continues a no-layoff philosophy, offers
health insurance to retirees and part-timers, and promotes from within (90% of
FedEx Express managers worked their way up).
5.
CISCO SYSTEMS
Fortune
1000 rank: 71
Best Companies rank: 6
No. of
U.S.
employees: 32,160
Most common salaried job: Software Engineer IV
Avg. pay in that job: $132,004
What makes it so great? Though the stock flatlined in 2007, CEO John
Chambers won praise for his leadership and his new blog, On My Mind, which
solicits employee ideas.
6.
AMERICAN EXPRESS
Fortune
1000 rank: 75
Best Companies rank: 62
No. of
U.S.
employees: 30,162
Most common salaried job: Team Leader Operations
Avg. pay in that job: $55,620
What makes it so great? Big plus in working here is the ability to move
around. AmEx had 6,000 internal job moves last year, including many overseas,
where the majority of employees work.
7.
PUBLIX SUPER MARKETS
Fortune
1000 rank: 107
Best Companies rank: 91
No. of
U.S.
employees: 142,084
Most common salaried job: Store Manager
Avg. pay in that job: $107,280
What makes it so great? Workers tell us the company and associates rally
behind anyone confronted with an illness or a personal problem. Some 20,000 have
worked here more than ten years.
8.
GOOGLE
Fortune
1000 rank: 150
Best Companies rank: 1
No. of
U.S.
employees: 8,134
Most common salaried job: N.A.
Avg. pay in that job: N.A.
What makes it so great? Back in our No. 1 spot, Google continued to mint
millionaires as the stock cracked $700. The company gives stock options to 99%
of employees.
9.
NIKE
Fortune
1000 rank: 153
Best Companies rank: 82
No. of
U.S.
employees: 14,570
Most common salaried job: Manager/Department Retail
Avg. pay in that job: $39,046
What makes it so great? Four times a year, staff at the sports-crazed
company are invited to an all-employee meeting; those completing their tenth
year are invited to the Decathletes Dinner.
10.
AFLAC
Fortune
1000 rank: 165
Best Companies rank: 30
No. of
U.S.
employees: 4,475
Most common salaried job: Supervisor, Operations
Avg. pay in that job: $58,487
What makes it so great? Insurer boasts a top comp package - pension,
profit sharing, 401(k) match - and in 2008 will offer shareholders a rare
"say on pay" vote.
11.
TEXAS
INSTRUMENTS
Fortune
1000 rank: 185
Best Companies rank: 100
No. of
U.S.
employees: 15,051
Most common salaried job: Electrical Design Engineer
Avg. pay in that job: $116,636
What makes it so great? Diversity isn't just a buzzword at Texas
Instruments. Minorities account for 40% of employee population at the
electronics company; 10% are African Americans.
12.
MARRIOTT INTERNATIONAL
Fortune
1000 rank: 197
Best Companies rank: 72
No. of
U.S.
employees: 123,203
Most common salaried job: Sales Manager
Avg. pay in that job: $56,382
What makes it so great? J.W. Marriott Jr., the 75-year-old CEO, visits
some 250 hotels a year, meeting with employees. The hotel chain's turnover rate
is among the lowest in the field (18%).
13.
GENERAL MILLS
Fortune
1000 rank: 214
Best Companies rank: 69
No. of
U.S.
employees: 17,090
Most common salaried job: Retail Sales Representative
Avg. pay in that job: $43,922
What makes it so great? Of the women who went on maternity leave last
year, 96% returned, helped by a new policy enabling them to phase back to work
on a part-time basis for eight weeks.
14.
DEVON
ENERGY
Fortune
1000 rank: 221
Best Companies rank: 48
No. of
U.S.
employees: 3,368
Most common salaried job: Engineer
Avg. pay in that job: $173,057
What makes it so great? Bonuses gush at
Devon
, the nation's largest independent oil and natural gas producer. Average bonus
in 2006 was $21,332; the median was $9,000.
15.
PRINCIPAL FINANCIAL
Fortune
1000 rank: 242
Best Companies rank: 21
No. of
U.S.
employees: 13,438
Most common salaried job: IT Application Analyst Sr.
Avg. pay in that job: $95,308
What makes it so great? A new child-care center is in the works, you can
buy extra time off, and the majority get retirement benefits of 100% of income.
16.
STARBUCKS
Fortune
1000 rank: 277
Best Companies rank: 7
No. of
U.S.
employees: 134,013
Most common salaried job: Store Manager
Avg. pay in that job: $45,713
What makes it so great? Rapid expansion led to a difficult year, but the
stock rose 9% on January news that founder Howard Schultz is taking over the CEO
post.
17.
QUALCOMM
Fortune
1000 rank: 297
Best Companies rank: 8
No. of
U.S.
employees: 10,095
Most common salaried job: Engineer, Senior
Avg. pay in that job: $97,641
What makes it so great? New employees get stock options and 100% health
insurance coverage. The popular onsite primary-care clinic is quadrupling in
size.
18.
NORDSTROM
Fortune
1000 rank: 299
Best Companies rank: 36
No. of
U.S.
employees: 49,769
Most common salaried job: Sales Department Manager
Avg. pay in that job: $48,500
What makes it so great? Retailer has an excellent record in advancement
of women: 63% of execs and senior managers are female; 117 of 157 stores are
managed by women.
19.
SHERWIN-WILLIAMS
Fortune
1000 rank: 316
Best Companies rank: 98
No. of
U.S.
employees: 29,554
Most common salaried job: Store Manager
Avg. pay in that job: $68,513
What makes it so great? The 142-year-old paint company wants recruits for
the long haul: 10% of workforce has more than 20 years' service; 30%, more than
ten years. CEO Chris Connor is a 25-year vet.
20.
CHESAPEAKE
ENERGY
Fortune
1000 rank: 324
Best Companies rank: 61
No. of
U.S.
employees: 5,752
Most common salaried job: Toolpusher
Avg. pay in that job: $108,031
What makes it so great? Co-founder Aubrey McClendon meets every new
employee. He okayed an employee-proposed child-care center, but doubled its size
and cut the fee in half.
21.
eBAY
Fortune
1000 rank: 326
Best Companies rank: 68
No. of
U.S.
employees: 7,769
Most common salaried job: Software Engineer 4
Avg. pay in that job: $125,889
What makes it so great? The auctioneer's HQ boasts perks like golf
lessons, bike repair, and a dentist, plus prayer and meditation rooms. Four-week
paid sabbaticals every five years are also offered.
22.
CARMAX
Fortune
1000 rank: 333
Best Companies rank: 46
No. of
U.S.
employees: 14,223
Most common salaried job: Merchandising Associate
Avg. pay in that job: $58,113
What makes it so great? Unusual no-haggle policy, onsite nurses available
at 11 locations, and a diverse staff have made the nation's largest used-car
dealer a friendly place to work.
23.
YAHOO
Fortune
1000 rank: 353
Best Companies rank: 87
No. of
U.S.
employees: 7,915
Most common salaried job: Technical Yahoo
Avg. pay in that job: $116,250
What makes it so great? Founder Jerry Yang returned as Chief Yahoo after
the stock fell by almost 9% in 2007. He hosts monthly Chat 'n Chow lunches and
answers employee questions online.
24.
WHOLE FOODS MARKET
Fortune
1000 rank: 369
Best Companies rank: 16
No. of
U.S.
employees: 41,385
Most common salaried job: Associate Store Team Leader
Avg. pay in that job: $70,609
What makes it so great? This beloved natural and organic foods retailer
opened a record 21 new stores in 2007, and also acquired Wild Oats in a $565
million deal.
25.
MATTEL
Fortune
1000 rank: 413
Best Companies rank: 70
No. of
U.S.
employees: 5,000
Most common salaried job: Project Designer
Avg. pay in that job: $81,741
What makes it so great? The toy giant returns to our list after a hiatus
of ten years, with CEO Bob Eckert getting kudos for quick and responsible
actions in recalling defective toys from
China
.
26.
CH2M HILL
Fortune
1000 rank: 520
Best Companies rank: 54
No. of
U.S.
employees: 15,674
Most common salaried job: Project Manager
Avg. pay in that job: $100,998
What makes it so great? Employees own all the stock in this
engineering-construction firm, which does everything from decommission nuclear
plants to help
London
gear up for the 2012 Olympics.
27.
ADOBE SYSTEMS
Fortune
1000 rank: 651
Best Companies rank: 40
No. of
U.S.
employees: 3,900
Most common salaried job: Computer Scientist
Avg. pay in that job: $137,691
What makes it so great? A culture of openness pervades this software
developer: The CEO answers e-mails within 24 hours, and employee councils feed
management with ideas.
28.
NETAPP
Fortune
1000 rank: 709
Best Companies rank: 14
No. of
U.S.
employees: 4,481
Most common salaried job: MTS Software 4
Avg. pay in that job: $129,689
What makes it so great? Execs are "easy to approach" at this
data-storage company. Responding to feedback, NetApp introduced an autism
benefit that 28 staffers have used.
29.
GRANITE CONSTRUCTION
Fortune
1000 rank: 720
Best Companies rank: 74
No. of
U.S.
employees: 4,650
Most common salaried job: Engineer
Avg. pay in that job: $77,561
What makes it so great? Builder of roads, bridges, and dams has a
zero-accident goal. One worker told us, "If you or anybody feels something
is unsafe, you will not be fired. You will be rewarded."
30.
INTUIT
Fortune
1000 rank: 724
Best Companies rank: 43
No. of
U.S.
employees: 7,635
Most common salaried job: Software Engineer
Avg. pay in that job: N.A.
What makes it so great? All new employees get options at this
financial-software maker, and everyone gets four days off with pay each year to
perform community service.
31.
J.M. SMUCKER
Fortune
1000 rank: 852
Best Companies rank: 47
No. of
U.S.
employees: 3,042
Most common salaried job: Production Supervisor
Avg. pay in that job: $52,732
What makes it so great? Job seekers at this 111-year-old family firm are
interviewed by eight to ten people. Once hired, they stay; 25% of the workforce
has been here more than 16 years.
32.
HERMAN MILLER
Fortune
1000 rank: 914
Best Companies rank: 96
No. of
U.S.
employees: 6,063
Most common salaried job: Engineer 3
Avg. pay in that job: $66,901
What makes it so great? The furniture pioneer values its history: 23% of
the workforce is classified as "water carriers," people who have
20-plus years and carry the culture forward.
33.
PAYCHEX
Fortune
1000 rank: 921
Best Companies rank: 51
No. of
U.S.
employees: 11,622
Most common salaried job: Sales Representative
Avg. pay in that job: N.A.
What makes it so great? With more than 100 locations offering payroll
services for small and medium-sized businesses, training is key. The average:
107 hours per employee.
20 BEST JOBS FOR RETIREES IN 2008
The first of the 76 million or so baby boomers who will be hitting
traditional retirement age of 62 in the next two decades are doing so now. If
all of these boomers decide to stop working when they hit this milestone,
businesses will need to scramble to fill the gaps, since the succeeding
generation of workers is much smaller.
Not all businesses are planning for the coming shortage. In fact, in a Manpower
study of 1,000 U.S. employers last year, 78% had no concern that an aging
workforce could hamper recruitment and retention of talented workers. Just 28%
have a strategy to retain workers past retirement age and only 18% have an
older-worker recruitment strategy.
"Businesses are slowly becoming aware that older workers tend to have
highly desirable attributes," says Robert Skladany, vice president of
research and certification at Waltham, Mass.-based RetirementJobs.com,
a national job clearinghouse focused specifically on jobs for people 50 and
older.
RetirementJobs runs an "Age Friendly Employer Certification"
program that recognizes employers who meet their best practices, from management
style to recruiting practices, flexible scheduling, and health care benefits.
Some companies that make the grade include banks like Bank of America
and JPMorgan Chase, as well as retailers like Starbucks and Target.
Based on information from jobs posted on the site, and from the feedback of
job seekers, RetirementJobs produced a list of the 20 best jobs for retirees.
Skladany says the jobs were scored on the desirability of the work, the pay, and
whether they were obtainable.
-
Nursing
Qualifications: Formal education (two to six years plus)
and licensing required for registered and practical nurses.
Pay: $20 to $60-plus per hour based on training, level
and specialization.
-
Health Care Technician
Qualifications: One to four years of training beyond
high school in health care specialty (laboratory, X-ray, nutrition, nursing
assistant).
Pay: $12 to $25 per hour based on training,
responsibility level and specialization.
-
Health Care Administration (Non-Medical)
Qualifications: A wide range of health care specific and
general education skills based on job requirements from clerical to
administrative management.
Pay: $10 to $15 per hour for clerical; $20 to $30 for
professional; and $25-plus for managerial positions.
-
Teaching Aide
Qualifications: A background in education and child care
helpful as well as formal education beyond high school.
Pay: $8 to $15 per hour based on level of responsibility
and qualifications.
-
Contract & Temporary Professional
Qualifications: Formal education (four to eight years)
and relevant experience within profession (i.e., law, information
technology, human resources, engineering, sciences, accounting and finance,
project management).
Pay: $30 to $70 per hour based on profession and level
of experience and knowledge.
-
Merchandise & Grocery Retailing
Qualifications: Can range from no formal education or
training to four years or more beyond high school based on position.
Pay: $8 to $15 per hour for sales associates and
customer service; $15 to $30 for supervisor and manager.
-
Specialty Retail Sales
Qualifications: Can range from no formal education to
several years or industry experience and training within specialty (i.e.,
cosmetics, automotive, furniture, electronics).
Pay: $15 to $30 per hour based on product and personal
sales.
-
Accounting & Finance and Tax Preparers
Qualifications: Can range from no formal education, to
technical training such as tax preparation, up to formal education of four
to six years plus relevant experience.
Pay: $12 to $15 per hour for clerical and bookkeeping;
$15 to $30 for tax preparers and specialists; $25 to $40 for formally
trained professionals.
-
Banking and Lending
Qualifications: Can range from no formal education to
technical training up to formal education of four to six years plus relevant
experience.
Pay: $10 to $15 per hour for teller and customer
service; $15 to $30 for lending, $20 to $35 for supervisor and manager.
-
Car/Van/Light Truck and Bus Driver
Qualifications: Passenger vehicle license up to special
vehicle licensing and certification with “clean” driving record.
Pay: $10 to $15 per hour for small vehicle; $12 to $20
for larger vehicles.
-
Customer Service Representative
Qualifications: Can range from no formal education or
training up to two to four years formal education or technical training;
telephone and interpersonal skills vital.
Pay: $10 to $14 per hour for non-technical positions,
$14 to $20 for technology-related jobs.
-
Nonprofit Services Delivery & Administration
Qualifications: Can range from no formal education or
training up to four years or more beyond high school based on position.
Pay: $8 to $14 per hour for service delivery and
clerical; $14 to $25 for professional.
-
Insurance & Investment Services
Qualifications: Can range from no formal education up to
four years+ education/training and ability to secure industry-specific
certifications and licenses.
Pay: $12 to $18 per hour for entry sales and service;
$15 to $25 for technical/licensed jobs; sales commissions often available.
-
Home Care & Personal Aide
Qualifications: Can range from no formal education or
training to four years or more beyond high school based on position as well
as licenses and certifications.
Pay: $8 to $14 per hour for personal care providers; $12
to $20 for advanced care providers (medication, etc.)
-
Hospitality and Food Service Staff
Qualifications: Can range from no formal education or
training to four years or more beyond high school based on position.
Pay: $8 to $12 per hour for entry-level service
providers; $10 to $15 for front desk/reception staff; $12 to $16 for sales
and supervision.
-
Office Clerical & Administrative
Qualifications: Can range from no formal education or
training to four years beyond high school based on position; computer skills
often essential.
Pay: $9 to $12 for entry clerical and administrative;
$12 to $16 for skilled administrative staff.
-
Self-Employment
Qualifications: No formal education up to four
years-plus; small business management, sales, customer service and technical
abilities important; licenses and certification may be required based on
trade or profession.
Pay: Earnings can vary widely based on type of trade or
business and personal capabilities (self-employment tax and liability
insurance often required).
-
Franchise and Business Owner
Qualifications: No formal education required though
small business management, sales, customer service and technical abilities
important; personal investment may be required for franchised or licensed
operations.
Pay: Earnings can vary widely based on cost of
franchise, business revenue, type of business and personal capabilities.
-
Small Employers
Qualifications: More than 97% of employers have fewer
than 100 employees. Small employers can provide diverse and challenging jobs
requiring little formal education and training up to four years or more
beyond high school.
Pay: Earnings can vary widely based on the industry,
type of job and scope of responsibilities.
-
Federal, State and Municipal Govt.
Qualifications: The government sector is expecting that
retiring employees will create large numbers of openings ranging from entry
level to senior professional and management. Qualifications vary widely.
Pay: Earnings can vary widely based on organization,
profession and scope of responsibilities.
FORBES 2000 COMPANIES THAT
ARE HIRING IN 2008
The following Forbes 2000 Companies plan to hire in 2008.
- G4S
Industry: Business services & supplies
Employees: 4401 (thou)
1-Year Incr.: 44 (thou)
Change: 11.2%
U.K.
Formed in 2004 from the merger between Securicor and Group 4 Falck A/S's
security business, G4S is the world's leading provider of security
solutions and operates in more than 100 countries. It has more than
500,000 employees and is the largest employer listed on the London Stock
Exchange.
- Gazprom
Industry: Oil & gas operations
Employees: 440 (thou)
1-Year Incr.: 38 (thou)
Change: 9.5%
RU
The Russian energy company has around 400,000 employees and is the world's
largest gas company, exporting to 32 countries.
- IBM
Industry: Software & services
Employees: 387 (thou)
1-Year Incr.: 31 (thou)
Change: 8.7%
U.S.
"Big Blue," the Armonk, N.Y.-headquartered technology company,
has 386,558 employees worldwide and serves customers in 170 countries. In
2007, for the 15th consecutive year, IBM was issued more U.S. patents
(3,125) than any other company.
- Hitachi
Industry: Technology hardware & equip
Employees: 384 (thou)
1-Year Incr.: 29 (thou)
Change: 8.0%
JA
The Japanese consumer electronics manufacturer and technology company was
founded in 1910 as an electrical repair shop and today employs around
385,000 people worldwide.
- Metro AG
Industry: Food markets
Employees: 2422 (thou)
1-Year Incr.: 27 (thou)
Change: 12.7%
GE
International trade and retail outfit Metro AG employs almost 300,000
worldwide. More than half of them work abroad from its Germany-based core
in any of 30 different countries in Europe, Africa and Asia. The company
runs over 12 million square-feet of retail space and generated about $100
billion in sales last year.
- Starbucks
Industry: Hotels, restaurants & leisure
Employees: 172 (thou)
1-Year Incr.: 26 (thou)
Change: 18.0%
U.S.
Founded in 1971, the Seattle-based coffee giant has over 15,000 stores and
more than 170,000 partners (employees) in 44 countries. Through Starbucks
Entertainment and Hear Music, the company also distributes books, music
and media. It is set to open around 2,000 stores this year.
- China Resources Ent
Industry: Conglomerates
Employees: 113 (thou)
1-Year Incr.: 23 (thou)
Change: 25.6%
HK
The Hong Kong-based organization focuses on the consumer businesses in
both the Chinese Mainland and Hong Kong, with core activities being
retail, beverage, food processing and distribution, textile and investment
property. The Company employs around 113,000 staff, of which more than 93%
are working in the Chinese mainland.
- Tata Consultancy
Industry: Software & services
Employees: 86 (thou)
1-Year Incr.: 23 (thou)
Change: 36.2%
IN
The Indian information technology services, business solutions and
outsourcing organization employs more than 108,000 IT consultants in 47
countries and had annual worldwide sales of $4.3 billion (for the fiscal
year ending March 31, 2007).
- Honda Motor
Industry: Consumer durables
Employees: 167 (thou)
1-Year Incr.: 22 (thou)
Change: 15.5%
JA
The Japanese maker of motorcycles--the world's largest-- as well as
automobiles and other power products was founded in 1948 and has around
180,000 employees, and some 500 subsidiaries, worldwide.
- Wipro
Industry: Software & services
Employees: 75 (thou)
1-Year Incr.: 22 (thou)
Change: 40.7%
IN
Wipro Technologies is a global services provider delivering
technology-driven business solutions and says it is the world's largest
independent research and development services provider. It has more than
72,000 employees operating 53 development centers worldwide.
- TNT
Industry: Transportation
Employees: 162 (thou)
1-Year Incr.: 22 (thou)
Change: 16.1%
NE
The mail and express delivery company operates in more than 200 countries
and employs more than 161,500 people. Over 2007, TNT reported 11 billion
euros in revenues and an operating income of 1,192 million euros. TNT is
publicly listed on the Amsterdam stock exchange.
- BNP Paribas
Industry: Banking
Employees: 163 (thou)
1-Year Incr.: 21 (thou)
Change: 14.6%
FR
BNP Paribas is the world's sixth-largest bank. It operates in more than 85
countries and has 162,700 employees including 126,600 in Europe--19,900 of
whom are in Italy and 64,100 in France and in the Overseas Departments;
15,000 in North America and 8,800 in Asia.
- Saint-Gobain
Industry: Construction
Employees: 2071 (thou)
1-Year Incr.: 21 (thou)
Change: 11.0%
FR
This French multinational corporation, with its headquarters in Paris,
produces a range of construction, glass, packaging and high-performance
materials. It employs about 200,000 people worldwide.
- Coca-Cola
Industry: Food, drink & tobacco
Employees: 91 (thou)
1-Year Incr.: 20 (thou)
Change: 27.5%
U.S.
The Atlanta-headquartered beverage company--the world's largest producer
of non-alcoholic drinks--operates in more than 200 countries and employ
90,500 associates worldwide. In 2007, the company's net operating revenues
grew 20% to $28.9 billion, and operating income grew 15% to $7.3 billion.
- Kroger
Industry: Food markets
Employees: 310 (thou)
1-Year Incr.: 20 (thou)
Change: 6.9%
U.S.
In the U.S., Kroger operates more than 2,500 grocery stores, nearly 800
convenience stores, 400-plus jewelry stores, nearly 500 supermarket fuel
centers and 42 manufacturing facilities in 32 states; employing more than
290,000 associates.
- Toshiba
Industry: Technology hardware & equip
Employees: 191 (thou)
1-Year Incr.: 19 (thou)
Change: 10.9%
JA
The Toshiba Corporation is the world's ninth-largest integrated
manufacturer of electric and electronic equipment, with some 161,000
employees worldwide and consolidated annual sales of over US$53 billion.
- Oracle
Industry: Software & services
Employees: 75 (thou)
1-Year Incr.: 19 (thou)
Change: 33.0%
U.S.
Larry Ellison started the technology company three decades ago and remains
its CEO. His company now employs more than 50,000 people at offices in 145
countries.
- Veolia Environnement
Industry: Utilities
Employees: 2841 (thou)
1-Year Incr.: 24
Change: 9.2%
FR
The company specializes in outsourced management of water and wastewater
services for local authorities, industrial and service sector clients.
Veolia Water is also a world leader in the design, build and operation of
facilities for water and wastewater systems using a wide variety of
technologies. It employs around 300,000 people worldwide.
- Dell
Industry: Technology hardware & equip
Employees: 862 (thou)
1-Year Incr.: 17 (thou)
Change: 24.7%
U.S.
The Texas-based company manufactures and distributes computers and other
technology products. It employs some 95,000 people worldwide. In 2007, the
company opened stores in Budapest and Moscow.
- Flextronics Intl
Industry: Technology hardware & equip
Employees: 116 (thou)
1-Year Incr.: 17 (thou)
Change: 17.2%
SI
Headquartered in Singapore, Flextronics is a leading Electronics
Manufacturing Services provider focused on delivering complete design,
engineering and manufacturing services. It has production operations in
more than 30 countries.
- PepsiCo
Industry: Food, drink & tobacco
Employees: 185 (thou)
1-Year Incr.: 17 (thou)
Change: 10.1%
U.S.
Even though some of its brand names are more than 100 years old, PepsiCo
was founded in 1965 following the merger of Pepsi and Frito-Lay. Its
products are available in more than 200 countries. The beverage and
foodstuffs company employs more than 153,000 employees around the world.
PHARMA NEWS 12-07
This year’s pharma
ranking has a few interesting surprises (the first of which is that Pfizer is no
longer the absolute leader in sales). Pfizer has been surpassed by Johnson &
Johnson. It is further expected that Pfizer will further drop in the rankings as
the worldwide impact of its largest drugs become generic due to patent
expiration.
To
be fair, the sales represented below are not just pharma (drug) sales. They also
include other health care-related products such as diagnostics, medical devices,
and nutritional products. It’s not quite an apples-to-apples comparison.
Nevertheless, it is a fascinating guide for us into the ups and downs of these
companies.
Almost
all the companies have grown by aggressive multiple-company acquisitions with
perhaps the exception being Takeda. It has relied for the most part on internal
growth (though it has become aggressive in product licensing in recent years).
Here are some salient facts:
1.
There are five
U.S.
companies in the top 10 companies and 12
U.S.
companies within the top 25 companies with the
Midwest
having three of those companies (Abbott, Lilly and Baxter).
2.
There are eight European
companies within the top 25 companies.
3.
There are now four Japanese
companies in the top 25 companies (but none yet in the top 10 companies).
Interestingly, the
U.S.
headquarters of two of these Japanese companies (Takeda and Astellas) is in the
Midwest
.
4.
There is one Israeli company (TEVA)
in the top 25 companies (which not so coincidentally has the highest growth rate
of any of the companies at 58 percent).
5.
There are two biotech companies
in the top 25 companies: Amgen and Genentech (Roche owns a significant chunk of
Genentech).
The
year 2006 saw a number of mergers including:
·
Bayer acquired Schering AG
·
Merck acquired Serono
·
UCB (
Belgium
) acquired Schwarz Pharma (
Germany
)
·
Nycomed acquired Altana
·
Novartis acquired Chiron and increased its share position in Roche
·
Amgen acquired of Ilypsa, Alantos Pharmaceuticals, and Avidia
·
Gilead
acquired Myogen
·
AstraZeneca acquired Immunex
·
Genentech acquired Tanox
·
Genzyme acquired of Bioenvision and Anormed
·
Watson Pharmaceuticals acquired Andrx and Sekhsaria Chemicals (
India
)
·
Mylan Labs acquired Merck’s generic business Matrix Labs (
India
)
Though
a number of American companies bought into the fast-growing Indian pharma market
via local acquisitions, the large Indian pharma companies themselves were active
in expanding presence in both the
U.S.
and
Europe
. Continuing this trend, just last week the Indian pharma company Wockhardt
acquired the pediatric generic pharma company Morton Grove Pharmaceuticals in
Chicago
for less than $100 million.
What
drives all this activity is the worldwide pharma market, which had sales of
$604.5 billion in 2006 and grew about 8 percent.
The
slowdown in the Japanese market has to do with the Japanese government’s
concern about the rising cost of health care. This includes its moves to cap the
growth and cost of pharmaceuticals by its continued policy of biannual,
across-the-board price cuts along with its newer policy of allowing for generic
drugs to play a central role for the first time.
As
a result of this, there will continue to be further consolidation of Japanese
pharma. Just one example is the recent acquisition of Kyowa Hakko Kogyo in 2007
by Kirin Brewery.
The
Asia Pacific market growth is principally being driven by the growth of both
India
and
China
. The Canadian market growth is in part due to the strong revaluation of the
Canadian currency to the U.S. dollar along with the growth of the Canadian
biotech industry. The Latin American market reflects the growth of both the
Brazilian and Mexican markets.
Another
recent article by pharma market research giant IMS Health predicts a number of
things about the world pharma market:
1.
Overall market growth will begin to
further slow from the 8 percent seen this year to 6 percent to 7 percent next
year and 5 percent to 6 percent in 2008.
2.
This growth slowdown most impacts
the
U.S.
and
Europe
where $20 billion a year of annual drug sales will disappear due to patent
expiration of blockbuster drugs. Pfizer will be particularly affected.
3.
As a result, the overall
U.S.
share of the world pharma market will most likely drop its share to under 40
percent and eventually even 33 percent of the world market.
4.
Though 29 new drugs are expected
to be approved and launched next year, most of these drugs will not be
blockbusters. As they are for less common diseases, they are not replacing the
lost sales of blockbuster patent expirations.
5.
The growth of the generic pharma
business (representing about 60 percent of the actual volume of drug sales and
prescriptions) will continue.
Pharma
R&D: The Lifeline
As
an industry that has traditionally invested heavily in R&D (in great part
due to the long time and high cost it takes to develop and bring a new drug to
the marketplace), this year’s ranking of pharma R&D expense and investment
is an important indicator of the industry.
The
leading Big Pharma companies have R&D expenses larger than the total
revenues of many of the rest of the pharma companies. As pharma R&D is
incredibly intense and competitive, R&D growth levels continue to outpace
sales growth.
Remember
that this heavy investment in new products doesn’t mean that the drugs come
from internal company development. About 45 percent (and even more in some
companies) of drug sales and drug development expenses come from in-licensed or
acquired drugs. This trend is likely to continue.
There
will be a real transformation of the
U.S.
pharma industry over the next few years not unlike the transformation under way
in the
U.S.
auto industry. It doesn’t help that the
U.S.
currency is so weak these days as it makes it even more attractive for foreign
companies to gobble up weaker, smaller pharma companies in the
U.S.
I
submit that we will see a major Indian pharma company within the ranks of the
top 50 pharma companies very shortly. The sales of the No. 50 company (Lundbeck,
which is a Danish company) at $1.6 billion a year will shortly be surpassed by
either Ranbaxy, Dr. Reddy, Cipla, Sun Pharma or other Indian companies.
The
lesson to American Big Pharma can be seen in the travails of the auto industry.
You must be both cost competitive and compete on innovative product design for a
world customer to thrive today.
2007: THE BEST AND WORST OF TIMES FOR BIG PHARMA
We have all watched with certain incredulity and excruciating pain the demise of
the U.S. auto industry, an industry which brought forward a new disruptive
technology which revolutionized transportation throughout the world beginning in
the early 20th century. In the early years of this industry there were many U.S.
car brands and car companies that over the decades gradually were amalgamated
into increasingly larger companies, or fell into oblivion.
Today, the U.S. car industry is in survival mode, shedding employees, plants,
management, and brands. How it will survive remains yet to be seen, but radical
restructuring will be required to lower its cost structure and globalize its
business. It cannot continue to focus principally on the large U.S. market and
U.S. consumer tastes (which are also globalizing).
Some of the European car competition made it in the U.S. market and others
failed. Brands and companies such as Mercedes,
BMW, Saab
(now U.S.-owned), Volvocars.com (now U.S.
owned), Jaguar (still U.S. owned at this
writing) made it, while brands such Alfa
Romeo, Renault, Fiat,
Citroen struggled and eventually retreated
from the U.S.
The Japanese car onslaught started at the low end of the market with three major
brands, Toyota, Datsun (now Nissan), and Honda. These brands struggled in the
U.S. and other world markets in the early days as quality was questionable (but
the price was right). Over time, and amassing market share, these three
companies, followed by other Japanese companies such as Subaru,
Suzuki, Mitsubishi,
etc., kept their tight hand on the small, inexpensive car segment of the market
and improved on quality with larger cars.
In essence, the Japanese represented the “generics” of this industry with
stripped down benefits and low price. But over time, they moved up to compete in
the more expensive, higher margin part of the car business with more expensive,
and higher quality cars, until the point where Toyota is competing worldwide
with General Motors for dominance of this industry.
The car The Korean car companies followed the Japanese “generic
car” strategy in the 1990s with low end cheap cars which enabled them to snare
a key component of the marketplace and build market share. It helped to offer a
10 year product guarantee, an industry first, as a marketing ploy. Now the
Korean car companies are firmly entrenched in the U.S. market and, like the
Japanese moving up the quality (and pricing) stream.
The next onslaught of car companies will clearly be the Chinese and the Indians,
and they may be attacking multiple segments at once: Chrysler
with the Chinese company Chery on the low end, the Tata Group (if they win the
bidding) with Jaguar, and another Chinese group with MG (to be produced in the
U.S.).
U.S. auto industry vs. U.S. pharma industry
By now we are several paragraphs into a column that is normally about the life
science industry (and occasionally rock n' roll), and you are wondering where I
am going. Well, lessons learned from the car industry are extremely relevant to
the U.S. and world pharmaceutical (and biotech industry) today.
In fact, the U.S. Pharma industry is older than the U.S. car industry having
gotten its start in the U.S. as early as the 1870s (the Japanese Pharma company
Takeda actually started in the 1700's), but really accelerated its growth during
World War II when the U.S. Government asked for assistance in developing the
first major antibiotic: penicillin.
Like the car industry, many well-known U.S. Pharma companies and brands have and
will continue to disappear; names such as: Rorer, A.H.
Robbins, G.D. Searle, Upjohn, Parke-Davis,
Warner-Lambert, Lederle,
Sterling-Winthrop, Richardson Merrell, Carter-Wallace, and others.
Like the car industry, U.S. Pharma is under siege by “generic” competition
coming from Asia, including globalizing Japanese and Indian companies (China is
still the sleeping Pharma giant-in-the-making).
The pharma industry, due to its much longer product development cycle (12-15
years versus 3-4 years in the car industry) and much higher regulation by
governments around the world (the FDA and its multiple foreign counterparts), is
inherently a much riskier business, and this risk is protected to some degree by
intellectual property laws allowing these companies to operate like
quasi-monopolies for 5-10 year period. However, when the monopoly time offered
by patents ends, Big Pharma is today at full risk of rapidly losing business at
a rate that would make car companies shutter.
A recent article in the Wall St. Journal (Dec. 6th) commented that between 2007
and 2012 more than 3 dozen drugs would lose patent protection wiping out $67
billion per year in annual Pharma sales during those years. The impact will be
so great that the worldwide Pharma industry will actually decline in 2011 and
2012.
American Pharma companies like Pfizer, Eli
Lilly, Merck, Wyeth,
Schering-Plough, Abbott Labs, and
Bristol-Myers Squibb, are at tremendous risk and exposure, but so are some of
their European counterparts such as Sanofi-Aventis, GlaxoSmithKline,
and AstraZeneca.
The Pharma industry has already announced job layoffs of at least 21,000
employees during 2007, and shedding of plants, R&D centers, offices, etc.,
in preparation for this huge downtick in profits and sales. And this is only the
start! Pfizer is expected to shed close to 35,000 employees from its peak of
almost 125,000 employees in 2003 to projected levels of around 80,000 in 2008,
according to another WSJ article on December 11th. At least an additional 50,000
industry positions will be eliminated from Big Pharma over the next 10 years.
The beneficiaries of this patent expiration of major Pharma drugs will be
firstly consumers in the U.S. and around the world, as costly medicines will
become more affordable, and secondly, generic Pharma companies (some of which
are American, an Israeli leader - Teva, and mostly Indian Pharma companies).
The first onslaught of generic drugs will focus on the traditional Pharma
products, called “small molecule drugs” based on traditional chemistry. This
type of product is at the core of Big Pharma's drug pipeline and will radically
reshape the companies named above.
But the second, almost equally devastating onslaught will face the “large
molecule” drugs invented by the biotech industry which are now reaching the
end of their patent life but are still protected by the FDA's inability to come
up with a regulatory process on how to approve these “biological” drugs.
Companies like Amgen, Genentech,
Biogen Idec, and some of the Big Pharma
companies who were their marketing partners, will be severely impacted. We
witnessed such impact earlier this year when Amgen announced its first-time ever
employee-layoff.
These biotech giants have learned how to acquire and develop the newer large
molecule drugs much quicker than Big Pharma, and already has the manufacturing
and R&D infrastructure in place. Big Pharma shedding its traditional R&D
and manufacturing infrastrastructure focused on chemistry and chemists.
According to the WSJ again, the Pharma industry employed 140,000 chemists in
2003 which was down to 116,000 chemists in 2006. The number of biologists
(critical for the discovery and development of “biological drugs”), however,
is on the rise, from 112,000 to 116,000.
Big Pharma, in its panic to replace upcoming lost sales is trying all kinds of
strategies, including:
• Product acquisitions.
• Company acquisitions.
• Ethical to OTC switch of products by regulatory authorities.
• Raising drug prices (63 percent since 2002).
Again, according to the WSJ articles, Big Pharma has spent $76 billion since
2005 to buy biotech companies. During the first 9 months of 2007, there were 49
deals totaling $28.7 billion (including the $15.6 billion acquisition of
MedImmune by AstraZeneca).
Merck, in order to protect its blockbuster cholesterol-reduction drug Mevacor,
has tried several times to seek FDA authorization to sell this product
over-the-counter (OTC) without physician prescription. This Ethical-to-OTC
Switch, while still representing a loss in sales and profits, provides a much
safer and managed decline in profits and sales, and could provide a pathway for
other similar drugs called statins with current annual sales of
over $16 billion/year, sold by Pfizer and other companies (e.g. the drug Liptor).
Merck's goal, in addition to managing product decline, was to attract to the
marketplace millions of individuals who have no health insurance or could not
previously afford such therapy.
According to a recent article in the Chicago
Tribune, the cost of such therapy on an OTC basis would cost at least half
of what it currently costs in a prescription format ($1- 1.50/day vs. $3-4/day
for other prescription therapies). Unfortunately, the FDA hasn't endorsed
Merck's strategy and turned down Merck for the third time this past week by a
10-2 vote.
It will be very interesting to see Big Pharma scrambling during the next few
years, on the one hand shedding assets and people, and on the other hand
acquiring companies and products. It will be equally interesting to see how the
U.S. car industry fares as well. Source: Michael Rosen
Published: in Wisconsin Technology Network 12/17/07
HOW BABY BOOMERS WILL CHANGE THE JOB MARKET
In the next decade or so, the U.S. workplace
will be transformed with an explosion of flexible work schedules and a host
of technologies that will make work tasks easier.
What will cause these changes? A boatload of
middle-aged workers.
By 2020, there will be more 55-plus workers grinding
away than at any other time in our history. As a result, labor experts
foresee a rush by the nation’s businesses to accommodate the aging workforce.
Generational differences in the workplace are
expected to rise, there will be unprecedented shortages in many industries
as large proportions of the work force retires, and we may also see more workers
getting sick on the job, with a possible rise in strokes and heart attacks as
they age.
In 2005, about 24 million or 17 percent of all adult
U.S. workers were over 55, compared with a projected 38 million or 24 percent by
the year 2017, according to the Bureau of Labor Statistics. The 65-plus work
force will almost double to 10 million, or 6.4 percent of the total, in 10
years; and those toiling away at age 75 and over will make up about 1.2 percent
of the workforce, or 2 million strong.
About 69 percent of baby boomers anticipate working
past traditional retirement age, and money and health care are the
top reasons.
This aging work force will provide the impetus
for companies to adopt:
Besides workplace flexibility, job-enhancing
technologies of all types are expected to pop up in most industries,
including:
-
Large screen computers for those with
diminishing eyesight
-
Devices to help those who are hard of
hearing
-
Videoconferencing
-
More lifting devices in the healthcare and
hospitalities industries
-
Motorized carts to help people get around in
large spaces
Older workers may also be in a position to demand
better salaries and benefits if their skills are in professions
that are expected to have serious labor shortages. Some of those
industries, include:
-
Power
-
Healthcare
-
Aerospace
-
Defense
-
Chemicals
There will also be a general shortage of skilled
software engineer
Laws regarding caps on how much you can earn a year if
you are receiving Social Security may be changed.
Another possible change in legislation could
include employers covering a portion of health insurance coverage even though an
employee is already covered under Medicare.
Wellness and fitness programs targeted toward older
workers will become a mainstay, and you can expect to see perks like onsite
prescription drugs.
On the negative side is the impending labor shortage in
all the industries mentioned above, but especially in healthcare. It is a double
whammy for the nation because as the population ages, people will need more
health care at a time when a huge number of older health care workers will be
looking to retire.
And as American consumers only intensify their
appetites for more electricity, few younger workers are looking to find jobs at
utilities to replace the older work force.
Younger workers will be reaping the benefits of a more
flexible workplace, but overall companies will be looking to groom them for
leadership positions as baby boomers leave. But that will mean getting extra
training and studying at night so they can do their jobs during the day but
still prepare to take on more responsibilities.
Workers under 30 will be pressed into service they
would have had to wait 10 years for. Whether that will cause problems in terms
of quality and workplace safety.
There also could be growing tensions between young and
old workers as we see a rise in the number of younger managers.. Adding to the
tension will be a large group of mature workers who may resent the fact that
they’re still toiling away because they can’t afford to stay home. Younger
workers could begin to resent their older counterparts if corporations don’t
treat the groups similarly.
Another concern is the diminishing health of workers as
they age, even though Americans are living longer and healthier than ever
before. No one knows how they will fare if they are forced to keep punching a
clock into their late 60s and 70s.
“Certainly, in regard to sudden cardiac arrest and
stroke, one risk factor is increasing age,” says Donald Wright, who oversees
the office of occupational medicine for the Occupational Safety and Health
Administration. While he stresses that a worker at any age can experience such
illnesses, he has encouraged companies across the country to adopt automated
external defibrillator programs. He expects to see more of these devices that
restore normal heart rhythms in cardiac arrest victims being used at companies
in the next five years.
“We would hope proactive employers who really value
the work and the talent senior workers bring to workplace would acknowledge some
of potential limitations these individual have,” he adds.
Boomers will spend golden years at work - Future of Business - MSNBC.com
AMERICA'S BEST JOBS IN THE 15
HOTTEST MARKETS - 2007
1. Orlando, FL
2-year job-growth forecast:
6.8%
Metropolitan-area population: 2.0 million
Who is Hiring:
Hottest Jobs:
-
Senior Mechanical Engineer ($80,400)
-
Physician's Assistant ($76,000)
-
IT Project Manager ($75,200)
-
Electrical Engineer ($64,900)
Orlando once leaned heavily on Disney World and its service-sector spin-offs to
prop up its economy, but today it is pulling in life sciences, digital media,
and health-care companies with affordable (or subsidized) land and tax breaks.
Electronic Arts; Hollywood animation firm House of Moves; and Burnham Institute,
a top-rated cancer research center, are all expanding and adding jobs here.
Despite the housing slump, such diversification will help Orlando crank out
72,600 new jobs this year and next.
Most of the hiring will still come from the region's tourism backbone. But
Orlando will also post higher growth in professional-services jobs--everything
from office managers to advertising account executives--than any other city on
our list. The high-wage, white-collar category is projected to balloon by about
15 percent. The reason: Orlando's population is expected to expand by 150,000 by
decade's end.
2. Las Vegas,
NV
2-year job-growth
forecast: 6.5%
Metropolitan-area population: 1.8 million
Who is Hiring:
Hottest Jobs:
-
Construction Project Manager ($78,800)
-
IT Project Manager ($74,600)
-
Construction Superintendent ($71,900)
-
Civil Engineer ($70,000)
-
Executive Chef ($65,500)
Analysts say Las Vegas
could end up topping Orlando in job growth, because it is uniquely insulated
from downturns in ways that most major cities would envy. True, the region took
a hit when the housing boom went bust last year--a sixth of its workforce is
involved in construction and real estate.
But almost at the same time, the value of the U.S. dollar fell last winter and
foreign tourists surged in, sparking restaurant openings and hotel expansions.
MGM Mirage alone plans to hire 28,000 new employees by the end of the decade.
Milken Institute economist Ross DeVol notes that Vegas continues to attract
back-office operations from California's high-tech regions. The cost of a
knowledge worker, including salary, training, and benefits, is about 20 percent
lower here than it is in Los Angeles or San Francisco.
3.
Raleigh, NC
2-year job-growth
forecast: 5.8%
Metropolitan-area population: 1.5 million
Who is Hiring:
-
Cisco
-
Credit Suisse Group
-
Fidelity Investments
-
Network Appliance
Hottest Jobs:
-
Senior Software Developer ($91,000)
-
Software Project Manager ($87,300)
-
Senior Network Engineer ($84,100)
-
IT Project Manager ($83,300)
-
Pharmaceuticals Project Manager ($82,300)
-
Biotech Research Scientist ($75,300)
Raleigh-Durham remains
America's top region for tech workers--and is expected to keep expanding faster
than other tech hubs like Boston, San Francisco, and Seattle. Last year the
metro matched the job-creation record it set in 2000 by adding 38,000 new
positions. "This year is going to come in almost as high," predicts
Wachovia senior economist Mark Vitner. Like Washington, Raleigh-Durham has a
large public-sector base that helps protect it from economic slumps. But its
economy is more diverse than Washington's, with expansion in pharmaceutical
manufacturing, biotech, and financial services. Raleigh's cost advantages keep
drawing more top employers. This fall Fidelity Investments will open a $100
million tech center that will add 2,000 jobs, and Silicon Valley-based Network
Appliance is expanding its operations division here. "Raleigh is
cheaper," Vitner says, "and has one of the most highly educated
workforces in the country."
4.
Charlotte, NC
2-year job-growth
forecast: 5.7%
Metropolitan-area population: 1.6 million
Who is Hiring:
Hottest Jobs:
-
IT Project Manager ($83,000)
-
Senior Software Developer ($82,900)
-
Regional Sales Manager ($80,500)
-
Senior Financial Analyst ($72,900)
-
Construction Project Manager ($71,200)
Charlotte has surpassed
Atlanta as the financial center of the South. The $2.1 trillion in assets that
local financial services giants Bank of America and Wachovia pulled in last year
made Charlotte a close second to New York City as America's financial capital.
Thanks in part to its big banks, the region's total business investment--a
powerful driver of jobs--nearly tripled in '06, hitting $4.1 billion and adding
12,000 jobs to Charlotte and 20,000 to the region overall.
Charlotte may soon become an important new biotechnology hub. David Murdock, a
venture capitalist and the chairman of Dole Food, is building a $1.5 billion
biotech complex in nearby Kannapolis that could generate more than 14,000 jobs.
Scientists from the state's top universities are already trickling into the
350-acre North Carolina Research Campus, which is expected to be completed in
2011.
5. Phoenix, AZ
2-year job-growth
forecast: 5.6%
Metropolitan-area population: 4.0 million
Who is Hiring:
-
Arizona State University
-
Banner Health
-
Suburban Schools
Hottest Jobs:
-
Senior Software Developer ($84,800)
-
IT Project Manager ($78,600)
-
Semiconductor Process Engineer ($78,000)
-
Physician's Assistant ($76,200)
-
Construction Project Manager ($74,000)
In each of the past three years, the Phoenix area has created about 95,000 new
jobs, many of them fueled by an unprecedented construction boom. This year's
number is pegged at about 60,000--a major drop-off, to be sure, but still enough
in the context of the national slowdown to place Phoenix solidly in the top 10.
Low income taxes and sunny weather are still attracting a steady stream of
newcomers, primarily from the Northeast and Midwest; 114,000 are expected this
year, continuing to stoke demand for new roads, schools, and health-care
facilities. So while Phoenix's homebuilding sector will likely be down about 40
percent in 2007, employment linked to long-term infrastructure projects will
stay hot. Still, Phoenix remains largely a mom-and-pop economy, with small
business expected to drive most of the job expansion.
6.
West Palm Beach, FL
2-year job-growth
forecast: 5.4%
Metropolitan-area population: 1.3 million
Who is Hiring:
- Office Depot
- Sikorsky
- Tenet Healthcare
Hottest Jobs:
- Senior Software Developer ($86,100)
- Senior Mechanical Engineer ($81,800)
- IT Project Manager ($80,400)
- Construction Project Manager
($73,200)
- Construction Superintendent ($73,000)
The southeast coast of
Florida experienced one of the biggest housing bubbles, and prices in West Palm
Beach shot up even more than they did in Miami. The median price for existing
homes dropped by almost 15 percent from its peak in late 2005 to the end of
2006, but the losses in construction are being matched by gains in the
commercial sector. Office Depot, for instance, is constructing a new
625,000-square-foot operations center in nearby Boca Raton. "This region is
not constrained like Miami," says Per Gunnar Berglund, a senior economist
at Economy.com. "It's south Florida's frontier." The hiring will come
mostly from business-services firms, with competition among them so intense that
employers are still offering signing bonuses, flexible hours, and other perks.
"There's a perennial shortage here," says Lee Fossett, who runs the
local branch of Express Personnel Services, a national staffing firm.
7.
Tampa, FL
2-year job-growth
forecast: 5.3%
Metropolitan-area population: 2.7 million
Who is Hiring:
- James A. Haley Veterans' Hospital
- JP Morgan Chase
- Raymond James
- Verizon
Hottest Jobs:
- Senior Software Developer ($80,900)
- Senior IT Systems Engineer ($75,500)
- IT Project Manager ($75,000)
- Nurse Practitioner ($70,200)
- Construction Manager ($67,400)
Tampa has always been a
magnet for big companies looking to set up operational headquarters on the
cheap. Now its low business costs and steady supply of educated employees are
bringing in smaller firms too. The percentage of people working in
professional-services jobs here is nearly twice the national average, and that
will drive much of the hiring through 2009. Verizon, financial-services
heavyweight Raymond James, and a cluster of medical-device manufacturers like
Medline are helping to expand the job pool. A dip in construction employment
during the past year has pulled the overall growth rate back to earth, but it
will be more than offset by the influx of new businesses. Tampa's growing port
operations are also luring savvy importers: Ikea Tampa, a 353,000-square-foot
supercenter with a 300-seat restaurant, will open in the summer of 2009, adding
more than 1,000 jobs to the mix.
8.
Riverside, CA
2-year job-growth
forecast: 5.2%
Metropolitan-area population: 4.0 million
Who is Hiring:
- Ontario Airport subcontractors
- Tesco
- UPS
Hottest Jobs:
- Physician's Assistant ($78,800)
- Construction Project Manager
($77,600)
- Manufacturing Plant Manager ($77,200)
- Construction Superintendent ($75,800)
- Construction Estimator ($68,600)
The capital of California's
"inland empire" has been especially vulnerable to the housing slump,
but continued growth as a shipping and warehousing hub for Los Angeles is
expected to provide sufficient relief. Economy.com's Sophia Koropeckyj expects
residential building permits this year to be about half the volume of 2005. And
a disproportionate number of subprime mortgage holders could mean a rash of
defaults, warns Milken Institute economist Ross DeVol. But as the real estate
market stabilizes, Riverside's booming logistics economy should put it back on a
growth track. It's a direct result of America's record trade deficit with China:
The largest pipelines for Asian goods are the ports of Los Angeles and Long
Beach, and Riverside is where those imports are processed for delivery. British
grocery chain Tesco is building a distribution center in Riverside. When it
opens this fall, it will employ 500 people.
9.
Austin, TX
2-year job-growth
forecast: 4.9%
Metropolitan-area population: 1.5 million
Who is Hiring:
- Deloitte & Touche
- Hyatt Hotels
- Samsung
- University of Texas at Austin
Hottest Jobs:
- Senior Software Engineer ($97,800)
- Senior Electronics Design Engineer
($97,500)
- Senior Software Developer ($92,700)
- Computer Hardware Engineer ($83,600)
- Semiconductor Process Engineer
($81,600)
Like other U.S. high-tech hubs, Austin was hit hard in the tech bust and was
slow to start growing again. But grown it has: The region's employment level now
exceeds its dotcom-era high.
Austin's rep has largely rested on its dual status as the headquarters of Dell
and a place where chipmakers cluster. But more and more startups are gaining
footholds here too. New patents issued to Austin firms rose by 20 percent in the
past year, while venture capital investment jumped by 50 percent. At the same
time, the old standbys are adding muscle to the labor market: Dell and the
University of Texas, the area's largest public-sector employer, are in hiring
mode, and Samsung's upcoming chip plant will ultimately create 800 new openings.
Another plus: The housing market isn't suffering as much locally as in most
other parts of the country.
10.
Atlanta, GA
2-year job-growth
forecast: 4.6%
Metropolitan-area population: 5.1 million
Who is Hiring:
- AGL Resources
- Home Depot
- Newell Rubbermaid
Hottest Jobs:
- Regional Sales Manager ($86,400)
- Senior Software Developer ($84,900)
- IT Project Manager ($83,000)
- Business Process / Management
Consultant ($76,500)
- Senior Financial Analyst ($72,100)
- Construction Project Manager
($70,300)
Atlanta leads the nation in
attracting the labor market's most coveted demographic: college-educated workers
ages 25 to 34. Among the key reasons is that housing costs have stayed
dramatically lower here than in inflated coastal markets like Boston, Los
Angeles, San Francisco, and Seattle. Katrina spillover has brought other
transplants, helping to seed new jobs and businesses. Ironically, while
traditional pillars like Delta Air Lines and BellSouth are starting to sag,
small and medium size businesses are picking up the slack. One driver: Midtown
Mile, a 14-block complex, opens its first phase next year with dozens of new
hotels, shops, and offices. Another is Technology Enterprise Park, a bioscience
research center. "Most of the growth is coming from small firms that hire a
dozen workers," says Rajeev Dhawan, director of Georgia State University's
Economic Forecasting Center.
11. Salt Lake City,
UT
2-year job-growth
forecast: 4.4%
Metropolitan-area population: 1.1 million
Who is Hiring:
- Convergys
- Fresenius Medical Care
- Wells Fargo
Hottest Jobs:
- Senior Software Developer ($81,600)
- Electrical Engineer ($73,800)
- IT Project Manager ($69,200)
- Financial Controller ($67,200)
- Construction Project Manager
($65,800)
Boasting one of the youngest big-city populations in the country, Salt Lake is
luring more top employers with its affordable but highly educated labor pool.
According to a survey by Manpower, more than half of Salt Lake businesses expect
to add headcount this year, one of the highest rates among large U.S. metros.
Construction is growing 15 percent annually, and contractors are having to delay
expansion projects for Wells Fargo, Zions Bank, and other companies because they
can't find enough workers to keep pace. The two banks alone are expected to add
1,200 jobs. To help accommodate a state that boasts the highest birth rate in
the nation, the Mormon church is investing in a $1 billion redevelopment project
to add more condos and retail and office space.
12.
Jacksonville, FL
2-year job-growth
forecast: 4.4%
Metropolitan-area population: 1.3 million
Who is Hiring:
- Armor Holdings
- CSX
- Fidelity National Finance
- Lanstar System
- Rayonier
- Wachovia
- Winn-Dixie
Hottest Jobs:
- IT Project Manager ($79,400)
- Senior Software Developer ($77,800)
- Financial Controller ($76,800)
- Physician's Assistant ($75,900)
- Construction Project Manager
($74,600)
Where southeastern Florida
suffers, Jacksonville seems to benefit. While home prices are still close to
their peaks in Miami and Fort Lauderdale, Jacksonville benefits from affordable
housing and plenty of jobs in transportation, distribution, and wholesale,
luring new families to the city to work. Expanding infrastructure and defense
spending add their nickels to the public purse, while financial services,
back-office operations, and medical research also make their mark on the region.
All this ensures a steady supply of young professionals to the city, in which
the median age is 36.
13. Dallas, TX
2-year job-growth
forecast: 4.2%
Metropolitan-area population: 6.0 million
Who is Hiring:
- American Airlines
- Comerica
- ExxonMobil
- Fluor
- Gamestop
- Southwest Airlines
- Texas Instruments
Hottest Jobs:
- Senior Software Developer ($88,500)
- Operations Director ($84,800)
- IT Project Manager ($84,500)
- Regional Sales Manager ($84,300)
- Financial Controller ($83,200)
Generally, the biggest cities don't see as much growth as their smaller
cousins, but Dallas, a haven for both blue- and white-collar job seekers,
continues to expand at a frenetic pace. "Part of this is rebuilding some
of what we lost during the downturn," says Lyssa Jenkens, chief economist
at the Greater Dallas Chamber. Affordable land and homes are luring companies
like Gamestop to expand here, and others like Comerica to relocate. Meanwhile,
oil-industry giant ExxonMobil, still enjoying the most profitable run in its
history, also helps keep the Dallas job engine humming.
14. San Antonio, TX
2-year job-growth forecast:
4.2%
Metropolitan-area population: 1.9 million
Who is Hiring:
Hottest Jobs:
-
Senior Software Developer ($83,900)
-
Physician's Assistant ($78,400)
-
IT Project Manager ($76,800)
-
Human Resources Director ($75,800)
-
Construction Project Manager ($66,300)
Low energy costs and a cheap but smart labor force are pulling
more Fortune 500 companies here. Washington Mutual chose San Antonio for its
new regional operations center, which will create 3,000 new jobs during the
next five years. And Microsoft is building a $550 million data center, set to
open in 2009.
Beyond that, San Antonio is evolving into a major biodefense hub. Three
research labs are already headquartered here, and the city hopes to win a $450
million federal vaccine lab in 2008. In its recent $3.1 billion plan for
military base closings, the Department of Defense gave San Antonio the nod to
expand its military trauma facilities and defense medical research.
15. Fort Lauderdale, FL
2-year job-growth forecast:
4.1%
Metropolitan-area population: 1.8 million
Who is Hiring:
-
Citrix Systems
-
DHL Express
-
Republic Services
-
Spirit Airlines
-
Zimmerman Partners
Hottest Jobs:
-
Senior Software Developer ($84,600)
-
Financial Controller ($78,600)
-
IT Project Manager ($75,700)
-
Human Resource Director ($73,500)
-
Construction Project Manager ($72,700)
If West Palm Beach is one of south Florida's last frontiers, then Fort
Lauderdale is fast turning into its settled interior. Tourism continues to be
the big draw for new jobs, since home prices are sinking and the recent boom
in back-office operations here has peaked as well. The office property sector
continues to be strong, indicating that growth in the area's professional job
market is not done yet. Nearby Port Everglades is also part of the equation,
as it continues to grow in importance, attracting even more lucrative cruise
ship traffic to the area.
FORBES' TEN BIG DEMAND JOBS WITH GOOD PAY
- Medical Science Liaison (Pharmaceutical)
- Account Directors (Internet Sales & Marketing)
- General Managers in premier resorts and hotels (Hospitality)
- Designer of Athletic & Active Wear (Apparel)
- Commercial Estimators (Construction)
- Commercial Project Managers (Construction)
- SQL Database Administrators (IT)
- .NET and JAVA Developers (IT)
- Staff Accountants (Accounting)
- Financial Analysts (Accounting)
FORBES' BEST 25 CITIES FOR JOBS IN 2007
- Raleigh, NC
- Phoenix-Mesa-Scottsdale, AZ
- Jacksonville, FL
- Orlando-Kissimmee, FL
- Washington, DC
- Salt Lake City, UT
- Honolulu, HI
- Las Vegas-Paradise, NV
- Fort Lauderdale-Pompano Beach-Deerfield Beach, FL
- Virginia Beach-Norfolk-Newport News, VA
- Bethesda-Gaithersburg-Frederick, MD
- Sarasota-Bradenton-Venice, FL
- Tampa-St. Petersburg-Clearwater, FL
- Richmond, VA
- Omaha-Council Bluffs, NE.
- West Palm Beach-Boca Raton-Boynton Beach, FL
- Little Rock-North Little Rock, AR
- Nashville-Davidson-Murfreesboro, TN
- Santa Ana-Anaheim-Irvine, CA
- Tucson, AZ
- Oklahoma City, OK
- Atlanta-Sandy Springs-Marietta, GA
- Austin-Round Rock, TX
- Albuquerque, NM
- Sacramento, CA
To compile the rankings, five data points were weighted equally: Unemployment
rate, job growth, income growth, median household income, and cost of living. We
measured The largest 100 metropolitan areas were measured, as defined by
the U.S. Census Bureau, and obtained the data from Moody's (nyse: MC
- news -
people
) economy.com. Growth data for 2003 through 2006 were used, which
boosted the major cities a bit. Last year, New York, San Francisco and Chicago
were all in the bottom 15.
TEN FASTEST GROWING JOBS
The ten occupations that are projected to see double digit growth between now
and 2014 are:
| 1. NETWORK SYSTEMS AND DATA
COMMUNICATIONS ANALYST |
| Job growth through
2014: 54.6%
What they do: Assemble networks from the bottom up, from
data to e-mail, and voicemail systems.
Why it's hot: More companies are building networks to
speed office communications and create better access to data. |
| Pros: |
- Telecommuting is often an option
- The skills qualify for other technology work
- Many small and medium-sized businesses are adding heavily to
networking groups
|
Cons:
- Jobs are very task-based, so a network problem could mean evening
and weekend work
- Job tasks can change quickly with new technology
- Long hours at the computer
|
| Education: Bachelor's
required; computer science, computer engineering, or information science |
| |
| Certifications:
Microsoft Certified Systems Engineer (MCSE), Cisco Certified Network
Professional |
| (CCNP) |
| Average Salary:
$60,600 |
| Professional Organizations: |
| Association of
Computing Machinery (www.acm.org) |
| Institute of Electrical and
Electronics Engineers Computer Society (www.computer.org) |
| National Workforce Center
for Emerging Technologies (www.nwcet.org) |
|
| 2. PHYSICIAN ASSISTANT |
| Job Growth through
2014: 49.6% |
|
| What they do:
Juggle all the tasks that busy doctors don't have time to handle, taking
medical histories. |
| May work independently at
clinics. |
| Why it's hot: The
health care industry is exploding thanks to an aging population. An
increasing emphasis |
| on cost containment is also
increasing the demand for physician assistants. |
Pros:
- The position is paid well for one requiring only a 2-year degree
- Employers often pick up associated insurance and licensing fees
|
Cons:
- PA's can put in long hours, particularly in surgery
- Working on call can be required
- The assigned tasks can often be mundane and boring
|
| Education: B.A.
and a 2-year physician assistant program |
| Certifications: Must
attend a nationally accredited education program and pass the
Physician |
| Assistant National
Certification Examination |
|
| Average Salary:
$69,410 |
|
| Professional
Organizations: |
| American Academy of
Physician Assistants (www.aapa.org) |
| National Commission on
Certification of Physicians Assistants (www.nccpa.net) |
|
| 3. COMPUTER SOFTWARE ENGINEER,
APPLICATIONS |
| Job growth through
2014: 48.4% |
| |
| What they do:
Assemble the applications that drive PCs -- both consumer software and
custom - |
| developed programs for
business. |
| Why it's hot:
Businesses are constantly bringing in new technologies in order to stay
efficient, and |
| customized software is an
exploding market. |
Pros:
- Independent consulting work is a possibility
- There is intense competition between businesses for the best
software developers, which creates more opportunities and higher pay
|
Cons:
- The project-oriented nature of the work can mean evening and weekend
work
- Software development work is increasingly being outsourced overseas
|
| Education: B.A.
with a concentration in computer science or software engineering |
|
| Average Salary:
$79,930 |
|
| Professional
Organizations: |
| Association of
Computing Machinery |
| Institute for Electrical and
Electronics Engineers Computer Society |
| National Workforce Center
for Emerging Technologies |
|
| 4. COMPUTER SOFTWARE ENGINEER,
SYSTEMS SOFTWARE |
| Job growth through
2014: 43% |
|
| What they do: Install
the core operating systems that software runs on top of, and may handle |
| security. |
| Why it's hot: Businesses
are adding more and more core features to their technology systems. |
Pros:
- Engineers learn a broad range of tech skills as demand changes
- Independent consulting work can provide an alternative career path
|
Cons:
- Project-oriented nature means a lot of on-site work and long hours
- Systems software engineers may have to fulfill sales and support
roles as well
|
| Education: B.A.
with a concentration in computer science or software engineering |
|
| Average Salary:
$76,910 |
|
| Professional
Organizations: |
| Association for
Computing Machinery |
| Institute of Electrical and
Electronics Engineers Computer Society |
| National Workforce Center
for Emerging Technologies |
|
| 5. NETWORK AND COMPUTER SYSTEMS
ADMINISTRATOR |
| Job growth through
2014: 38.4% |
|
| What they do: Run
the network help desk |
| Why it's hot: More
and more organizations - among them nonprofits and community groups - |
| are adding networks.
Increasing security needs are another big driver. |
Pros:
- This tech role doesn't require as much training as others
- Exposure to a variety of advanced computer tasks
|
Cons:
- The systems administrator doesn't get noticed until something goes
wrong
- Must handle a huge variety of problems
- Depending on size of network, working on call may be required
|
| Education: Bachelor's,
preferably but not necessarily computer-related |
|
| Average Salary:
$40,430 |
|
| Professional
Organizations |
| Association of
Computer Support Specialists |
| Systems Administrators Guild |
| National Workforce Center
for Emerging Technologies |
|
| 6. DATABASE ADMINISTRATOR |
| Job growth through
2014: 38.2% |
|
| What they do:
Handle database setup and security to ensure that information is delivered
smoothly |
| around the company's
network. |
| Why it's hot: More
and more information needs to be shared across computer networks, and the |
| database administrator is at
the center of that process. |
Pros:
- They work closely with the company's most valuable data
- Databases use different technologies, so flexible tech skills are
required
|
Cons:
- This role has expanded to include major security demand
- Unexpected problems can result in weekend work
- The administrator also needs a strong
Education: Bachelor, possibly Master in
Management Information Systems (MIS) |
|
| Average Salary:
$60,650 |
|
| Professional
Organizations: |
| Association of
Computing Machining |
| Institute of Electrical and
Electronics Engineers Computer Society |
| National Workforce Center
for Emerging Technologies |
|
| 7. PHYSICAL THERAPIST |
| Job growth through
2014: 36.6% |
|
| What they do: Guide
people suffering from injuries or disease through physical treatments and |
| exercises. |
| Why it's hot: As
the population ages, the number of individuals with physical limitations
or |
| disabilities keeps growing. |
Pros:
- Work closely with other medical professionals
- Helping victims of accidents and ailments on their way to recovery
|
Cons:
- Occasional evening work to fit patient schedules
- The work can be physically demanding
|
| Education: B.A.
and accredited physical educational program |
| Certifications:
State licensing required |
|
| Average Salary:
$60,180 |
| |
| Professional
Organizations |
| American Physical
Therapy Association |
|
| 8. MEDICAL SCIENTIST |
| Job growth through
2014: 34.1% |
|
| What they do: Conduct
biomedical research. |
| Why it's hot: Though
the budget increases at the National Institutes of Health that have fueled
research |
| have come to a stop, there
is no shortage of new biotechnology ventures. |
Pros:
- Medical scientists put in very regular hours
- They often get to work in different environments, splitting work
between the lab, clinics, and hospitals
|
Cons:
- They have to follow strict safety procedures to avoid exposure to
dangerous organisms or toxic substances
- Some medical scientists are heavily dependent on grant money
|
| Education: Ph.D.
in biological science |
|
| Average Salary:
$61,320 |
|
| Professional
Organizations: |
| American Society for
Microbiology |
| Infectious Diseases Society
of America |
|
| 9. OCCUPATIONAL THERAPIST |
| Job growth through
2014: 33.6% |
|
| What they do: Help
people with mental or physical handicaps learn to perform daily tasks like
bathing |
| and dressing. |
| Why it's hot: In
an aging society, more people need this type of assistance. |
Pros:
- Excellent compensation
- Occupational therapists are increasingly taking on supervisory roles
in medical environments
- Develop long-term relationships with patients
|
Cons:
- The work can be physically demanding, with therapists on their feet
most of the day
|
| Education: Bachelor
until 2007 when master will be required |
| Certifications: National
certification and state licensing required |
|
| Average Salary:
$54,660 |
|
| Professional
Organization: |
| American Occupational
Therapy Association |
|
| 10. COLLEGE INSTRUCTOR |
| Job growth through
2014: 36.7% |
|
| What they do: Teach
classes across a wide range of academic and vocational
topics. |
| Why it's hot: An
expected increase in the number of 18 to 24 year olds will boost college
enrollment. |
Pros:
- There are a wide variety of subjects to teach
- Teachers have very flexible work schedules
- They can teach part-time, for instance evenings after another job
|
Cons:
- Professors are frequently required to balance teaching and
publishing (especially in research universities)
- Work can pile up at the end of the semester
|
| Education: Ph.D.
required for tenure-track positions |
|
| Average Salary:
$51,800 |
|
| Professional
Organization: |
| Council of Graduate
Schools |
|
| Source: Forbes.com; Bureau of Labor
Statistics
|
7 TRENDY NEW JOBS
- Director of Mobile Computing - involving upgrading and maintaining
Blackberry, Treo, laptop, and cell phone equipment.
- Director of Internal Controls - from Sarbanes-Oxley legislation
whole new departments have been developed staffed with directors of internal
controls, chief compliance officers, and Sarbanes-Oxley auditors, all of
whom are dedicated to ensuring companies comply with the new law.
- Business Continuity Director - the September 11 attacks, major
national disasters, the SARS outbreak, and the threat of a pandemic have
made more companies take seriously the need for "preparedness
planning." Business continuity directors are usually from a
security background in information technology and law enforcement.
This director is usually in charge of making contingency plans to ensure the
company's workforce and infrastructure can continue to function during and
after a crisis.
- Chief People Officer - experience in human resource management and
working with customers and other employees combine to make this an ideal
professional to spot the talent a company needs. The chief people
officer is expected to implement creative methods to hire and retain
qualified, ideal employees in a labor market that has begun to see a
shortage of qualified workers.
- Parent Coordinator - typically a lawyer or child psychologist
appointed by a court to issue binding decisions on the spot over everyday
disputes, usually over the phone after the parents make their
arguments. Contentious custody battles in divorce are not new, but how
they are handled is changing. Relatively small issues can take as much
time and money to resolve in court as the more serious issues, so the judge
and the parents can elect to delegate them to a parent coordinator.
- Residence Concierge - the latest trend in luxury travel is the
luxury residence club, and one of the biggest players in the field is
exclusive resorts. Travelers can join the club and gain access to 300
multimillion-dollar luxury vacation homes around the world. Membership
includes the 24 / 7 services of a residence concierge. Far more than a
hotel concierge, the residence concierge arranges for everything from
stocking the refrigerator, managing the household staff, arranging for
transportation, and setting up customized events for guests and their
families.
- Blogging Editor - blogs are proliferating all over the web and the
success of influential blogs like Wonkette,com has companies wanting in on
the perceived edginess of the blogosphere. Blogging is starting to
creep into job descriptions and recruiters are starting to see blog-related
job listings - "to manage and moderate blogs for clients and to
write for the company blog on PR and new media topics."
10 STRATEGIES FOR CONTROLLING STRESS AT WORK
1. Start with your next
thought
Viktor Frankl's concentration camp experience, described in his 1959
masterpiece, Man's Search for Meaning, shows that no matter how desperate
our circumstances, we choose our attitude toward it. We shape this
attitude with each thought. Thinking I am going to learn from this rather
than this stinks can lead to future success.
You can choose to be happy. Dozens of studies show that after we
adjust to them, external circumstances have little bearing on happiness. A
ten year study by the National Institute on Aging found that people who were
happy initially remained happy ten years later regardless of changes in their
lives.
2. Stay in the
"efforts" business
To cut stress, focus on efforts and actions you can control,
rather than results, which may be out of your control.
3. Take control of your time
Dr. David G. Myers, who conducted a study on happiness involving several
hundred thousand people in 16 countries revealed that one of the most common
traits in happy people was personal control of their lives.
"One way to feel empowered is to master our use of time.
For happy people, time is filled and planned. For unhappy
people, time is unfilled, open, and uncommitted. They postpone things and
are inefficient."
Set deadlines to focus yourself, meet them, and you will achieve a
confident feeling of personal control.
Make lists and use them to structure your day. Take control
in small ways, prioritizing, straightening your desk, cleaning out
folders, and getting rid of clutter.
4. Be positive and accept
your mistakes
Maintain a positive perspective and believe things will work out,
even if it seems they won't. Adopting this perspective reduces stress.
Realize that failures are but successes in process. Mistakes are
a byproduct of rapid growth. Because they attempt more, successful people
may fail more often than others. But failure can be your best teacher.
Berating yourself when you stumble only adds to your stress.
5. Tap the power of intention
Stress can magnify obstacles, but when you believe deep down that you will
overcome them, they will diminish. Focusing on positive aspects of your
life helps. Concentrating on the things you enjoy is more productive
than worrying about aspects of your work.
Problems and accompanying stress diminish when you focus at a deep inner
level on new goals.
You can also try on new roles and start making your life the way you want it
to be. It may feel awkward at first, but soon these new roles will
fit. You will be better able to meet challenges and add to your joys and
freedoms.
6. Exchange worries for warm
thoughts
Worry is focusing on negative goals or what you do not want to happen.
When you worry, you build negative mental images that can create feelings of
tension and irritability. If you do not worry, you will not allow
problems to interfere with your performance.
Dwelling on impediments can make them seem worse than they are.
Putting them aside can reduce their significance. Do not focus on
problems as you go to sleep, Instead, make a habit of thinking good
thoughts.
7. Embrace humor and pleasure
Humor is a mark of psychological health, and researchers believe we
can laugh ourselves well. Studies suggest humor can relieve
tension, headaches, backaches, boredom, and depression by increasing
production of endorphins, the body's natural painkillers.
8. Use recovery
If you are facing serious stress, get appropriate help. Find
a coach and support network, or join a free or low-cost recovery
group that can help you manage stress.
9. Maintain physical health and
enjoy the benefits of nature
Walking, jogging, or other exercise releases stress. Being
outdoors and appreciating nature can be incredibly refreshing. Being in
good physical condition will help you fight the damaging effects of stress.
10. Find your 'why' to live for
In the book "Flow," author Mihaly Czikszentmihalyo claims that the
least stressed people are ones who work all out on a project they
have selected. They give themselves to it with precision and grace.
A researcher at the University of California - Davis studied 3,036 scientists
throughout history and found the most respected ones produced more good and
bad works than less successful scientists. They simply produced.
They loved their work and took childlike delight in it.
In Man's Search for Meaning, Viktor Frankl describes how concentration
camp prisoners who could not envision an end to their confinement fared worse
than other prisoners. Those who found goals to live for also found the
strength to live.
TOP JOBS IN 2006
Fastcompany.com developed a list of jobs that will be in high
demand, offer excellent potential salaries, and typically require some
level of higher education. Using data from the Bureau of Labor
Statistics, jobs that would be of interest to business, professionals, and
creative workers are included.
- Ranking of projected growth data through 2014 accounted for 40% of the
score
- Ranking of salary levels accounted for 40% of the score
- Percentage of workers with a higher education accounted for 20% of the
score
The outlook for the following careers should be bright,
Prospects for skilled and educated workers should only improve. As baby
boomers enter retirement starting this year, employers may be hard pressed
to fill their positions; for every 2 people leaving the workforce, only 1 new
person is entering.
- Lawyer
- Personal Financial Advisor
- Sales Manager
- Management Analyst
- Computer Information Systems Manager
- Financial Manager
- Securities, Commodities, and Financial Services Sales Agent
- Marketing Manager
- Computer Software Engineer
- Chiropractor
- Postsecondary Education Administrator
- Medical Scientist
- Market Research Analyst
- Dentist
- Medical and Health Services Manager
- Producer and Director
- Financial Analyst
- Wholesale and Manufacturing Sales Representative
- Engineering Manager
- Advertising and Promotions Manager
- Compensation and Benefits Manager
- Clinical, Counseling, and School Psychologist
- Real Estate Sales Agent
- Training and Development Manager
- Public Relations Manager
5 HIGH DEMAND CAREERS
Recent surveys show that a lot of people are interested in finding new jobs
and human resource managers are expecting a lot of movement - both signs that
employers may need to sweeten the pot.
There are also predictions that the labor market may start to tilt in favor
of job seekers due to a shortage of skilled workers.
The five major in demand careers are:
ACCOUNTING
- Thanks to Enron and the Sarbanes-Oxley Act of 2002, those who have a few
years of corporate auditing working for large public accounting firms can
negotiate a sweet package for themselves when they change jobs.
- College graduates with an accounting degree but not yet a CPA designation
might make between $35,000 and $45,000 a year, or up to $50,000 in large
cities like New York.
- After a couple of years they can demand a substantial pay hike if they
move to a large company as an internal staff auditor or to a small company
as a controller. At that point, the salary can jump anywhere from
$50,000 to $75,000. The expectation is that they will obtain their CPA
designation.
- If they choose to return to public accounting as an audit manager after a
couple of years at a corporation, they can earn a salary of $70,000 to
$85,000.
SALES AND MARKETING
- The healthcare and biomedical fields offer some handsome earnings
opportunities for those on business side. Business development
directors, product managers, and associate product managers working for
medical device makers, for instance, can do quite well for themselves if
they develop a successful tack record managing the concept, execution, and
sales strategy for a medical device before leaving for another company.
- Typically, they have an MBA in marketing plus at least 2 -3 years
experience on the junior end to between 5 and 8 years experience for more
senior levels. The experience ideally will be in the industry where
they are seeking work.
- An associate product manager might make a base salary of $55,000 to
$75,000.
- A product manager can make a base of $75,000 to $95,000.
- A business development director may make $120,000 to $160,000.
- The above salaries do not include bonuses.
- The business development director seeking a vice president position could
boost his base between $150,000 to $200,000 - depending on whether the
company is a risky start-up or established medical device maker.
LEGAL
- Intellectual property attorneys specializing in patent law and the legal
secretaries who have experience helping to patent applications are highly
desirable.
- The most in demand are those lawyers with advanced degrees in electrical
and mechanical engineering, chemical engineering, biotechnology,
pharmacology, and computer science.
- Even lawyers with undergraduate degrees in those fields have an advantage.
- Patent lawyers working for a law firm might make $125,000 to $135,000 to
start or about $90,000 if they work for a corporation that is trying to get
a patent or to protect one they already have. With a couple of years
of experience, they can expect a 10% jump or better when they get another
job.
- Legal secretaries might make $65,000 at a law firm or $55,000 at a
corporation. Should they choose to move to a new employer, they can
command close to a 10% increase in pay.
TECHNOLOGY
- Two tech jobs in high demand are .NET developers and quality assurance
analysts.
- Developers whoa are experts users of Microsoft's software programming
language .NET can make between $75,000 and $85,000 a year in major cities to
start.
- Those who work in software quality management might make $65,000 to
$75,000 a year and be able to negotiate a 10% to 15% pay raise if they
change jobs.
MANUFACTURING AND ENGINEERING
- Despite the announced job cuts in the automotive industry, quality and
process engineers, as well as plant managers certified in Lean Manufacturing
techniques are in demand.
- Process and manufacturing engineers might make between $65,000 and
$75,000.
- Those with Lean Manufacturing Certification and a few years of experience
can command pay raises of between 15% and 20% if they change jobs.
- Plant managers making between $90,000 and $120,000 may expect to get a 10%
raise or more.
FORTUNE'S TOP 100 COMPANIES TO WORK FOR 2005
|
2006 |
- Genetech - South San Francisco, CA - www.gene.com
- Wegman's Food Markets - Rochester, NY - www.wegmans.com
- Valero Energy - San Antonio, TX - www.valero.com
- Griffin Hospital - Derby, CT - www.griffinhealth.org
- W.L. Gore & Associates - Newark, DE - www.gore.com
- Container Store - Coppell, TX - www.containerstore.com
- Vision Service Plan - Rancho Cordova, CA - www.vsp.com
- J.M. Smucker - Orrville, OH - www.smuckers.com
- Recreational Equipment (REI) - Kent, WA - www.REI.com
- S.C. Johnson - Racine, WI - www.scjohnson.com
- Boston Consulting Group - Boston, MA - www.bcg.com
- Plante & Moran - Southfield, MI - www.plantemoran.com
- Quicken Loans - Livonia, MI - www.quickenloans.com
- HomeBanc Mortgage - Atlanta, GA - www.homebanc.com
- Whole Foods Market - Austin, TX - www.wholefoods.com
- Edward Jones - St Louis, MO - www.edwardjones.com
- Republic Bancorp - Owosso, MI - www.republicbancorp.com
- Baptist Health Care - Pensacola, FL - www.ebaptisthealthcare.org
- Alston & Bird - Atlanta, GA
- Kinley-Horn & Associates - Gary, NC - www.kinley-horn.com
- QuikTrip - Tulsa, OK - www.quiktrip.com
- American Country Investment - Kansas City, MO - www.americancountry.com
- Qualcomm - San Diego, CA - www.qualcomm.com
- David Weekley Homes - Houston, TX - www.DavidWeekleyHomes.com
- Cisco Systems - San Jose, CA - www.cisco.com
- Goldman Sachs - New York, NY - www.gs.com
- Network Appliance - Sunnyvale, CA - www.netapp.com
- Four Seasons, Toronto, Canada - www.fourseasons.com
- Starbucks - Seattle, WA - www.starbucks.com
- SAS Institute - Cary, NC - www.sas.com
- Robert W. Baird - Milwaukee, WI - www.rwbaird.com
- Alcon Laboratories - Fort Worth, TX - www.alconlabs.com
- Nugget Markets - Woodland, CA - www.nuggetmarket.com
- CDW - Vernon Hills, IL - www.cdw.com
- American Fidelity Assurance - Oklahoma City, OK - www.afadvantage.com
- TDIndustries - Dallas, TX
- American Express - New York, NY - www.americanexpress.com
- Milliken - Spartanburg, SC - www.milliken.com
- Amgen - Thousand Oaks, CA - www.amgen.com
- JM Family Enterprises - Deerfield Beach, FL - www.jmfamily.com
- Timberland - Stratham, NH - www.timberland.com
- Microsoft - Redmond, WA - www.microsoft.com
- Intuit - Mountain View, CA - www.intuit.com
- Pella, Pella, IA - www.pella.com
- SRA International - Fairfax, VA - www.sra.com
- Nordstorm - Seattle, WA - www.nordstrom.com
- Aflac - Columbus, GA - www.aflac.com
- Perkins Coie, Seattle, WA - www.perkinscoie.com
- Nixon Peabody - Boston, MA; Rochester, NY - www.nixonpeabody.com
- Northwest Community Hospital - Arlington Heights, IL - www.nch.org
- Genzyme - Cambridge, MA - www.genzyme.com
- Eli Lilly - Indianapolis, IN - www.lilly.com
- Hot Topic - City of Industry, CA - www.hottopic.com
- Arnold & Porter - Washington, DC - www.arnoldporter.com
- Station Casinos - Las Vegas, NV - www.stationcasinos.com
- Publix Super Markets - Lakeland, FL - www.publix.com
- Synovus - Columbus, GA - www.synovus.com
- Stew Leonard's - Norwalk, CT - www.stewleonards.com
- Baptist Health South Florida - Coral Gables, FL - www.baptisthealth.net
- Vanguard Group - Malvern, PA - www.vanguard.com
- Sherwin-Williams - Cleveland, OH - www.sherwin-williams.com
- Memorial Health - Savannah, GA - www.memorialhealth.com
- Russell Investment Group - Tacoma, WA
- FedEx - Memphis, TN - www.fedex.com
- PCL Construction - Denver, CO - www.pcl.com
- MITRE - McClean, VA - www.mitre.org
- Ernst & Young - New York, NY - www.ey.com
- Bronson Healthcare Group - Kalamazoo, MI - www.bronsonhealth.com
- Valassis - Livonia, MI - www.valassis.com
- A.G. Edwards - Saint Louis, MO - www.agedwards.com
- PricewaterhouseCoopers - New York, NY - www.pwc.com
- Booz Allen Hamilton - McClean, VA - www.boozallen.com
- Yahoo - Sunnyvale, CA - www.yahoo.com
- Standard Pacific - Irvine, CA - www.standardpacifichomes.com
- Quad / Graphics - Sussex, WI - www.qg.com
- Children's Healthcare (Atlanta) - Atlanta, GA - www.choa.org
- National Instruments - Austin, TX - www.ni.com
- Methodist Hospital System - Houston, TX - www.methodisthealth.com
- East Penn Manufacturing - Lyon Station, PA - www.eastpenn-deka.com
- CH2M Hill - Denver, CO - www.ch2m.com
- Autodesk - San Rafael, CA - www.autodesk.com
- Bingham McCutchen - Boston, MA - www.bingham.com
- Texas Instruments - Dallas, TX - www.ti.com
- Worthington Industries - Columbus, OH - www.WorthingtonIndustries.com
- First Horizon National - Memphis, TN - www.firsthorizon.com
- Principal Financial Group - Des Moines, IA - www.principal.com
- Washington Mutual - Seattle, WA - www.wamu.com
- Morrison & Foerster - San Francisco, CA - www.mofo.com
- Mayo Clinic - Rochester, MN - www.mayoclinic.org
- John Wiley & Sons - Hoboken, NJ - www.wiley.com
- Granite Construction - Watsonville, CA - www.graniteconstruction.com
- Men's Wearhouse - Houston, TX; Fremont, CA - www.menswearhouse.com
- CarMax - Richmond, VA - www.carmax.com
- Bright Horizons - Watertown, MA - www.brighthorizons.com
- Wm, Wrigley Jr. - Chicago, IL - www.wrigley.com
- IKEA (USA) - Plymouth Meeting, PA - www.ikea-usa.com
- Intel - Santa Clara, CA - www.intel.com
- General Mills - Minneapolis, MN - www.generalmills.com
- Marriott International - Washington, DC - www.marriott.com
- Nike - Beaverton, OR
|
WHERE THE HOT JOBS WILL BE IN THE NEXT SEVERAL YEARS
The Bureau of Labor Statistics publishes projections of where job
opportunities will be found in the future, in order to help people entering the
work force or planning a career change.
One factor creating opportunities is the aging of America. As baby
boomers, 77 million strong, approach retirement age, they have started to
consume a host of services and products that are different from what they used
at a younger age.
Even though boomers may remain active far longer than the generations that
preceded them, they will still have to cope with a variety of health and
wellness issues. Many of the fastest growing employment opportunities will
be in health care.
Nurses, physical therapists, and physician's assistant jobs are all
increasing steadily, sometimes spectacularly.
The Labor Department projects that job growth over the ten years ending in
2012 will include:
|
CAREER |
% INCREASE |
AVERAGE SALARY |
| Nursing |
27% - 600,000 jobs |
RNs - $52,000 |
| Physician's Assistant |
nearly 50% |
$63,000+ |
| Physical Therapist |
35%+ |
$61,000+ |
| Occupational Therapist |
35% |
$53,000 |
| Home Care Workers |
40% |
|
| Fitness Trainers |
44.5% |
|
| Dental Hygienists |
43.1% |
|
| Hazardous Materials Removal Workers |
43.1% |
|
Tech workers will still be in demand, although the field won't be quite as
hot as during the 1990s. But the country will need more than 420,000 new
computer support workers and another 307,000 software engineers.
Many public-sector jobs will be opening up as government workers reach the
age of retirement over the next several years. With 1.8 million workers,
the federal government is the country's biggest employer, and it will have to go
on a big hiring binge, adding nearly 150,000 jobs over the next two years
alone. The government is steady, has excellent benefits, and normal work
hours, which enable employees to maintain a good balance with their private
life. In addition, the government also offers educational incentives and
liberal leave time. The average federal employee earns a salary comparable
or better than his counterpart in private industry - in almost every category.
The comparison does not take into account differences in length of time on
the job. But it does at least indicate that the government tries to stay
competitive.
FORTUNE'S TOP 100 COMPANIES TO WORK FOR 2005
|
2005 |
- Wegman's Food Market
- W.L. Gore
- Republic Bancorp
- Genentech
- Xilinx
- J.M. Smucker
- S.C. Johnson & Son
- Griffin Hospital
- Alston & Bird
- Vision Service Plan
- Starbucks
- Quicken Loans
- Adobe Systems
- CDW
- Container Store
- SAS Institute
- Qualcomm
- Robert W. Baird
- Quick Trip
- HomeBanc Mortgage
- David Weekley Homes
- TDIndustries
- Valero Energy
- Network Appliance
- JM Family Enterprises
- American Century Invest
- Cisco Systems
- American Cast Iron Pipe
- Stew Leonard's
- Whole Foods Market
- Baptist Health South Florida
- Arnold & Porter
- Amgen
- American Fidelity Association
- Goldman Sachs
- Bronson Healthcare Group
- American Express
- Timberland
- Pella
- National Instruments
- Plante & Moran
- Alcon Laboratories
- Symantec
- SRA International
- Recreational Equipment (REI)
- Kimley-Horn & Associates
- Perkins Coie
- Memorial Health
- Sterling Bank
- Synovus
- Four Seasons Hotels
- Guidant
- MITRE
- Station Casinos
- Hot Topic
- A.G. Edwards
- Microsoft
- General Mills
- Baptist Health Care
- Arbitron
- Principal Financial Group
- IKEA North America
- Marriott International
- Intuit
- Aflac
- Procter & Gamble
- Discovery Communication
- First Horizon National
- St. Luke's Episcopal Health
- SEI Investments
- Medtronic
- Vanguard Group
- Eli Lilly
- Emmis Communication
- Booz Allen Hamilton
- Pfizer
- Wm. Wrigley Jr.
- Bingham McCutchen
- Granite Construction
- Ernst & Young
- Mayo Clinic
- PricewaterhouseCoopers
- Monsanto
- Popular
- Men's Wearhouse
- Texas Instruments
- CarMax
- Nordstrom
- MBNA
- Deloitte & Touche
- Morrison & Foerster
- Harley-Davidson
- Simmons
- Publix Super Markets
- John Wiley & Sons
- FedEx
- Roche
- Bright Horizons
- Sherwin-Williams
- Valassis
|
BEST PLACES FOR TELECOMMUTING
According to an article adapted from Life 2.0: How People Across
America Are Transforming Their Lives and Finding the Where of
Their Happiness, a new book by Rich Karlgaard, the best, most
affordable cities for telecommuting in the United States are places that
provide reliable high-band Internet connections, nice weather, infinite hiking
trails and a small airport close by. The cities selected as the best by
Karlgaard are:
|
CITY |
METRO POPULATION |
HOUSE PRICE |
|
Albuquerque, New Mexico |
449,000 |
$255,000 |
|
Bend, Oregon |
52,000* |
$381,000 |
| Branson, Missouri |
7,000 |
$212,000 |
| Burlington, Vermont |
39,000 |
$348,000 |
| Durango, Colorado |
14,000 |
$273,000 |
| Hilton Head, South Carolina |
34,000 |
$312,000 |
| Hot Springs, Arkansas |
36,000* |
$232,000 |
| Moab, Utah |
5,000* |
$364,000 |
| Sandport, Idaho |
32,000 |
$287,000 |
| Sedona, Arizona |
10,000* |
$499,000 |
BOHEMIAN BARGAINS - PLACES TO LIVE
Rich Karlgaard refers to Bohemian Bargains as core cities with lively
downtowns and a reasonable cost of living. They were picked for being real
cities, with real downtowns, not just postmodern sprawls. Bohemian
Bargains will appeal particularly to the young and single:
|
CITY |
METRO POPULATION |
HOUSE PRICE |
| Baltimore, Maryland |
2.6 million |
$369,000 |
| Cleveland, Ohio |
2.3 million |
$255,000 |
| Denver, Colorado |
2.4 million |
$361,000 |
| Milwaukee, Wisconsin |
1.5 million |
$332,000 |
| Pittsburgh, Pennsylvania |
2.4 million |
$288,000 |
| Portland, Oregon |
1.9 million |
$312,000 |
| Raleigh, North Carolina |
1.2 million |
$268,000 |
| Sacramento, California |
1.6 million |
$349,000 |
| St. Louis, Missouri |
2.6 million |
$247,000 |
| St. Paul, Minnesota |
2.7 million |
$397,000 |
FASTEST GROWING CITIES
Fast-growth metro areas, mainly located in America's South and West, where
the sun shines, the air conditioners hum, and the two languages you will need to
master in addition to English are capitalism and Spanish.
|
CITY |
METRO POPULATION |
HOUSE PRICE |
| Austin, Texas |
1.2 million |
$312,000 |
| Birmingham, Alabama |
921,000 |
$275,000 |
| Colorado Springs, Colorado |
517.000 |
$274,000 |
| Las Vegas, Nevada |
1.6 million |
$310,000 |
| McAllen, Texas |
569,000 |
$248,000 |
| Naples, Florida |
251,000 |
$498,000 |
| Provo, Utah |
369,000 |
$329,000 |
| Reno, Nevada |
340,000 |
$470,000 |
| Tucson, Arizona |
844,000 |
$325,000 |
| Yuma, Arizona |
160,000 |
$308,000 |
|
LOU DOBB'S LIST OF COMPANIES EXPORTING
AMERICA (partial list)
Lou Dobbs, on CNN, has developed the following list of
companies that are outsourcing jobs primarily to India, Taiwan,
and China. His program at 6PM EST discusses the issue of
"exporting America" and the job market on almost a
daily basis.
3Com
3M
A
Aalfs Manufacturing
Accenture
Adaptec
ADC
Adobe Systems
Advanced Energy Industries
Aetna
Affiliated Computer Services
AFS Technologies
A.G. Edwards
Agere Systems
Agilent Technologies
AIG
Alamo Rent A Car
Albertson's
Alcoa Fujikura
Allen Systems Group
Alliance Semiconductor
Allstate
Alpha Thought Global
Amazon.com
AMD
American Express
American Household
American Management Systems
American Standard
AMETEK
Amphenol Corporation
Analog Devices
ANDA Networks
Andrew Corporation
Anheuser-Busch
AOL
A.O. Smith
Apple
Applied Materials
Art Leather Manufacturing
ArvinMeritor
A.T. Cross Company
AT&T
AT&T Wireless
A.T. Kearney
Automatic Data Processing
Avanade
Avanex
Avaya
Avery Dennison
B
Bank of America
Bank of New York
Bank One
Bassett Furniture
Bassler Electric Company
BearingPoint
Bear Stearns
Bechtel
Becton Dickinson
BellSouth
Bentley Systems
Berdon LLP
Best Buy
BISSELL
Black & Decker
Bose Corporation
BMC Software
Boeing
Braden Manufacturing
Bristol-Myers Squibb
Brocade
Bumble Bee
Burle Industries
Burlington House Home Fashions
C
Cadence Design Systems
Candle Corporation
Capital One
Carrier
Carter's
Caterpillar
Celestica
Cendant
Cerner Corporation
Charles Schwab
ChevronTexaco
CIBER
Ciena
Cigna
Circuit City
Cisco Systems
Citigroup
Clorox
CNA
Coca-Cola
Cognizant Technology Solutions
Collins & Aikman
Columbia House
Comcast Holdings
Computer Associates
Computer Sciences Corporation
CompuServe
Continental Airlines
Convergys
Cooper Crouse-Hinds
Cooper Tire & Rubber
Cooper Tools
Corning
Countrywide Financial
COVAD Communications
Cross Creek Apparel
Crown Holdings
CSX
Cummins
Cypress Semiconductor
D
Dana Corporation
Daniel Woodhead
Daws Manufacturing
Dayton Superior
Delco Remy
Dell Computer
DeLong Sportswear
Delphi
Delta Air Lines
Delta Apparel
Direct TV
Discover
Document Sciences Corporation
Donaldson Company
Dow Chemical
Dresser
Dun & Bradstreet
DuPont
E
Earthlink
Eastman Kodak
Eaton Corporation
Electroglas
Electronic Data Systems
Electronics for Imaging
Eli Lilly
Elmer's Products
E-Loan
EMC
Emerson Electric
En Pointe Technologies
Equifax
Ernst & Young
Ethan Allen
Evolving Systems
Expedia
Extrasport
ExxonMobil
F
Fair Isaac
FCI USA
Fedders Corporation
Federal Mogul
Federated Department Stores
Fellowes
Fender Musical Instruments
Fidelity Investments
Financial Techologies International
First American Title Insurance
First Data
First Index
Flowserve
Fluor
FMC Corporation
Ford Motor
Foster Wheeler
Franklin Mint
Franklin Templeton
Freeborders
Frito Lay
Fruit of the Loom
G
Gateway
GE Capital
General Electric
General Motors
Gerber Childrenswear
GlobespanVirata
Goldman Sachs
Goodrich
Goodyear Tire & Rubber
Google
Greenpoint Mortgage
Guardian Life Insurance
Guilford Mills
H
Halliburton
Haggar
Hamilton Beach/Procter-Silex
The Hartford Financial Services Group
Hasbro Manufacturing Services
HealthAxis
Hedstrom
Helen of Troy
Hershey
Hewitt Associates
Hewlett-Packard
The Holmes Group
Home Depot
Honeywell
HSN
Hubbell Inc.
Humana
Hunter Sadler
HyperTech Solutions
I
IBM
iGate Corporation
Illinois Tool Works
IMI Cornelius
IndyMac Bancorp
Infogain
Ingersoll-Rand
Innodata Isogen
Innova Solutions
Intel
InterMetro Industries
International Paper
Intuit
Invacare
ITT Educational Services
ITT Industries
J
Jabil Circuit
Jacobs Engineering
Jacuzzi
JDS Uniphase
Jockey International
John Deere
Johnson Controls
Johnson & Johnson
JPMorgan Chase
J.R. Simplot
Juniper Networks
K
KANA Software
Kaiser Permanente
Keane
Kellogg
Kellwood
KEMET
KEMET Electronics
KeyCorp
Kimberly-Clark
KLA-Tencor
Kraft Foods
Kulicke and Soffa Industries
Kwikset
L
Lands' End
Lawson Software
Lear Corporation
Lehman Brothers
Levi Strauss
Lexmark International
Lifescan
Lillian Vernon
Linksys
Lionbridge Technologies
Lionel
LiveBridge
Lockheed Martin
Louisiana-Pacific Corporation
Lowe's
Lucent
M
The Manitowoc Company
Marathon Oil
Maritz
Marshall Fields
Mattel
Master Lock
Maytag
McDATA Corporation
McKinsey & Company
MeadWestvaco
Medtronic
Mellon Bank
Merrill Corporation
Merrill Lynch
Metasolv
MetLife
Microsoft
Midcom Inc.
Moen
Monsanto
Morgan Stanley
Motor Coach Industries International
Motorola
N
Nabco
Nabisco
NACCO Industries
National City Corporation
National Life
National Semiconductor
NCR Corporation
neoIT
NETGEAR
Network Associates
Newell Rubbermaid
New York Life Insurance
Northrop Grumman
Northwest Airlines
Nu-kote International
O
Office Depot
Ohio Art
ON Semiconductor
Orbitz
Oracle
OshKosh B'Gosh
Otis Elevator
Outsource Partners International
Owens Corning
Oxford Automotive
Oxford Industries
P
Pacific Precision Metals
palmOne
Paramount Apparel
Parker-Hannifin
Parsons E&C
Pearson Digital Learning
PeopleSoft
PepsiCo
Pericom Semiconductor
PerkinElmer
Perot Systems
Pfizer
Pitney Bowes
Planar Systems
Plexus
Portal Software
Power One
Pratt & Whitney
Primus Telecom
Procter & Gamble
ProQuest
Providian Financial
Prudential Insurance
Q
Quark
Qwest Communications
R
Rainbow Technologies
Radio Shack
Rawlings Sporting Goods
Raytheon Aircraft
RCG Information Technology
Regence Group
Rockwell Automations
Rogers
Rohm & Haas
RR Donnelley & Sons
Russell Corporation
S
Sabre
Safeway
SAIC
Sallie Mae
Samsonite
Sanmina-SCI
Sapient
Sara Lee
Saturn Electronics & Engineering
SBC Communications
Schumacher Electric
Scientific Atlanta
SEI Investments
Seton Company
Siebel Systems
Sikorsky
Silicon Graphics
SITEL
Skyworks Solutions
SMC Networks
Sola Optical USA
Solectron
Sovereign Bancorp
Sprint
Sprint PCS
Square D
Stanley Furniture
Stanley Works
Starkist Seafood
State Farm Insurance
State Street
StorageTek
StrategicPoint Investment Advisors
Sun Microsystems
Sunrise Medical
SunTrust Banks
Supra Telecom
SurePrep
The Sutherland Group
Sykes Enterprises
Symbol Technologies
Synygy
T
Target
Tecumseh
Telcordia
Teleflex
TeleTech
Telex Communications
Tellabs
Tenneco Automotive
Teradyne
Texas Instruments
Textron
Thomas & Betts
Thrivent Financial for Lutherans
Time Warner
The Timken Company
The Toro Company
Tower Automotive
Toys "R" Us
Trans Union
Travelocity
Trinity Industries
Triquint Semiconductor
TriVision Partners
Tropical Sportswear
TRW Automotive
Tumbleweed Communications
Tyco Electronics
Tyco International
U
Union Pacific Railroad
Unisys
United Airlines
UnitedHealth Group Inc.
United Online
United Technologies
USAA
V
Valence Technology
VA Software
Veritas
Verizon
VF Corporation
Viasystems
Vishay
Visteon
VITAL Sourcing
W
Wachovia Bank
Warnaco
Washington Group International
Washington Mutual
WellChoice
Werner Co.
West Corporation
Weyerhaeuser
Whirlpool
White Rodgers
Williamson-Dickie Manufacturing Company
Wolverine World Wide
WorldCom
World Kitchen
Wyeth
X
Xerox
Xpitax
Y
Yahoo!
York International
Z
Zenith
3/08/04
FORTUNE'S 2004 TOP 100 OF THE FORTUNE
500 LIST
| RANK |
|
COMPANY |
| 1 |
|
Wal-Mart Stores |
| 2 |
|
General Motors |
| 3 |
|
Exxon Mobil |
| 4 |
|
Ford Motor |
| 5 |
|
General Electric |
| 6 |
|
Citigroup |
| 7 |
|
ChevronTexaco |
| 8 |
|
Int. Business Machines |
| 9 |
|
American Intl. Group |
| 10 |
|
Verizon Communications |
| 11 |
|
Altria Group |
| 12 |
|
ConocPhillips |
| 13 |
|
Home Depot |
| 14 |
|
Hewlett-Packard |
| 15 |
|
Boeing |
| 16 |
|
Fannie Mae |
| 17 |
|
Merck |
| 18 |
|
Kroger |
| 19 |
|
Cardinal Health |
| 20 |
|
McKesson |
| 21 |
|
State Farm Insurance Companies |
| 22 |
|
AT&T |
| 23 |
|
Bank of American Corporation |
| 24 |
|
AmerisourceBergen |
| 25 |
|
Target |
| 26 |
|
J.P. Morgan Chase & Co. |
| 27 |
|
SBC Communications |
| 28 |
|
Berkshire Hathaway |
| 29 |
|
Time Warner |
| 30 |
|
Sears Roebuck |
| 31 |
|
Procter & Gamble |
| 32 |
|
Freddie Mac |
| 33 |
|
Costco Wholesale |
| 34 |
|
Johnson & Johnson |
| 35 |
|
Albertson's |
| 36 |
|
Dell |
| 37 |
|
Pfizer |
| 38 |
|
MetLife |
| 39 |
|
Kmart Holding |
| 40 |
|
Morgan Stanley |
| 41 |
|
Safeway |
| 42 |
|
J.C. Penney |
| 43 |
|
United Parcel Service |
| 44 |
|
Allstate |
| 45 |
|
Walgreen |
| 46 |
|
Wells Fargo |
| 47 |
|
Microsoft |
| 48 |
|
Merrill Lynch |
| 49 |
|
United Technologies |
| 50 |
|
ConAgra Foods |
| 51 |
|
Dow Chemical |
| 52 |
|
Marathon Oil |
| 53 |
|
Delphi |
| 54 |
|
Sprint |
| 55 |
|
Valero Energy |
| 56 |
|
Lockheed Martin |
| 57 |
|
Prudential Financial |
| 58 |
|
Intel |
| 59 |
|
Motorola |
| 60 |
|
Lowe's |
| 61 |
|
Walt Disney |
| 62 |
|
PepsiCo |
| 63 |
|
UnitedHealth Group |
| 64 |
|
International Paper |
| 65 |
|
New York Life Insurance |
| 66 |
|
Viacom |
| 67 |
|
DuPont |
| 68 |
|
CVS |
| 69 |
|
American Express |
| 70 |
|
Wachovia Corporation |
| 71 |
|
Archer Daniels Midland |
| 72 |
|
Tyson Foods |
| 73 |
|
Sysco |
| 74 |
|
Georgia-Pacific |
| 75 |
|
Goldman Sachs Group |
| 76 |
|
Ingram Micro |
| 77 |
|
BellSouth |
| 78 |
|
Honeywell International |
| 79 |
|
Bank One Corporation |
| 80 |
|
Electronic Data Systems |
| 81 |
|
Supervalu |
| 82 |
|
Alcoa |
| 83 |
|
FedEx |
| 84 |
|
Mass. Mutual Life Insurance |
| 85 |
|
Caterpillar |
| 86 |
|
Johnson Controls |
| 87 |
|
Cigna |
| 88 |
|
Aetna |
| 89 |
|
TIAA-CREF |
| 90 |
|
HCA |
| 91 |
|
Best Buy |
| 92 |
|
Coca-Cola |
| 93 |
|
AutoNation |
| 94 |
|
Washington Mutual |
| 95 |
|
Cisco Systems |
| 96 |
|
Weyerhaeuser |
| 97 |
|
Visteon |
| 98 |
|
Bristol-Myers Squibb |
| 99 |
|
Northrop Grumman |
| 100 |
|
Abbott Laboratories |
3/08/04
FORTUNE'S METHOD OF IDENTIFYING TOP TEN
MOST ADMIRED COMPANIES
The Hay Group, a global human resources and organizational
consulting firm with 73 offices in 38 countries conducted
research for the Most Admired Companies list. Respondents
selected the 10 companies they admire most in any
industry. They chose from a list of corporations that
ranked in the top 25% overall last year, plus any that finished
in the top 20% of their industry category. Because
insiders may grade differently from the business world as a
whole, high scorers on the industry lists don't always make the
overall top 10. For example, UPS outscores FedEx in its
industry, but more businesspeople from across all industries
said they admired FedEx. Similarly, IBM outranks Dell in
computers, but Dell did better in the all-industry poll.
Fortune's Top 10 survey indicates, then, that both FedEx and
Dell have stronger brand images than UPS and IBM do.
Companies were judged on eight key attributes:
- Innovation
- Employee Talent
- Use of Corporate Assets
- Social Responsibility
- Quality of Management
- Financial Soundness
- Long-Term Investment Value
- Quality of Products / Services
FORTUNE'S 2004 LIST OF AMERICA'S MOST
ADMIRED COMPANIES
- Wal-Mart
- Berkshire Hathaway
- Southwest Airlines
- General Electric
- Dell
- Microsoft
- Johnson & Johnson
- Starbucks
- FedEx
- IBM
FORTUNE'S 2004 LIST OF THE WORLD'S MOST
ADMIRED COMPANIES
- Toyota Motor - Japan
- BMW - Germany
- Sony - Japan
- Nokia - Finland
- Nestlé - Switzerland
- Honda Motor - Japan
- BP - Britain
- Singapore Airlines - Singapore
- Canon - Japan
- L'Oréal - France
IS AGE DISCRIMINATION A FACTOR IN YOUR
JOB SEARCH?
According to a recent study conducted by ExecuNet, 84 percent
of their polled members said that age discrimination is a
serious problem in today's executive marketplace.
- 65 percent of executive members surveyed said they had
encountered age discrimination in a job search --- up from
58 percent in 2001
- 73 percent said they had been unable to overcome
interviewer or employer or concerns regarding their age
- 94 percent felt their age had resulted in their being
eliminated for a particular position
- 40 percent are they would be forced into early retirement
- 72 percent said they fear being victimized by age
discrimination
- 36 percent feared they were getting too old to find a new
job and
SOME JOBS WILL NOT RETURN
Many jobs that were lost in the last few years are never
coming back
Forester Research estimates that by 2015, some 3.3 million
service-sector jobs will be shipped overseas or rendered
obsolete by technology. The jobs that are most at risk
require fewer skills, are automated, or are highly portable,
including:
- Computer Programmers
- Software Engineers
- Clerical jobs - accounts receivable and payable, financial
research, data entry, and administrative services jobs
- Government Jobs - in Washington, for example, the state's
Health Care Authority recently awarded a $3 million job to a
contractor, Health Access, which outsourced computer
programming jobs in India
- Manufacturing jobs which have taken the hardest hit in job
losses, especially in the textile and apparel industries
TOP 10 MOST DANGEROUS JOBS
| JOB TITLE |
FATALITIES |
AVERAGE SALARIES |
|
per 100,000 |
|
| 1. Timber Cutters |
117.8 |
up to $60K for 10 months |
| 2. Fishermen |
71.1 |
up to $1,000 / day for 3 weeks |
| 3. Pilots & Navigators |
69.8 |
non-jet $52K; jet $92K / year |
| 4. Structural Metal Workers |
58.2 |
$20 / hour |
| 5. Driver - Sales Workers |
37.9 |
often self-employed |
| 6. Roofers |
37.0 |
$16 / hour |
| 7. Electrical Power Installers |
32.5 |
$21 / hour |
| 8. Farm Occupations |
28.0 |
$8.50 / hour |
| 9. Construction Laborers |
27.0 |
$13.36 / hour |
| 10. Truck Drivers |
25.0 |
often self-employed |
According to the Bureau of Labor Statistics:
-
The mortality for lumbermen was more than 26
times that of the average U.S. worker
-
The fishing industry ran second with drowning the
most common cause of death
-
Crab fishery in Alaska conducted in the Bering Sea
in winter in stormy waters is most perilous
-
The Alaskan shellfish industry averaged 400 fatalities
per 100,000 workers in the 1990s
-
Crabbing takes place only 3 weeks a year
-
Most pilot fatalities come from bush pilots, air-taxi
pilots, and crop dusters
-
Alaskan pilots have a fatality rate 4 times
higher than those in the lower 48
-
Driver - Sales Workers include pizza deliverypersons,
vending machine fillers and the like
-
Traffic accidents were the major causes of death in
driver-sales workers and truck drivers
-
Driver-Sales Workers suffered nearly a quarter of their
deaths from robberies and assaults
-
More truck drivers died on the job (808) but
because there are so many truck drivers, their fatality rate
is only 25 per 100,000
According to the Bureau of Labor Statistics the top
industries with the largest projected increase in
employment in the next six years (from 2003-2009) include:
- Computer and Data Processing
- Education
- Food - Restaurant
- Health Services
- Government
- Social Services
- Nursing
- Legal
- Transportation
- Engineering
- Hospitality
- Research - Testing
Following
are the Top Entry Level Employers for 2003 from Fortune.com.
For further information on each employer, including a company
description and links to the company home page, careers page and
college page, click on the employer name.
JOBS FOR NEW COLLEGE GRADUATES IN
2003
Job offers are no longer plentiful. Job seekers who
once commanded high salaries, signing bonuses, and other
sweetheart deals before they signed up for jobs, are learning to
set their sights much lower. Employers are generally going
to maintain the number of college grads they recruit to their
payrolls from last year but companies reduced the number of
college hires by 36 percent last year.
Grads who are fortunate enough to be hired this year will
find that 44% of employers will keep salary levels
unchanged. Nearly as many employers, 42 percent, are
cutting salaries for new hires.
Graduates who have been unable to find jobs are trying to
find part-time work and willing to do unpaid work to get their
foot in the door of a company that may convert them to full-time
when things improve.
Parents who had hoped their children would move smoothly into
lucrative jobs upon graduation need to adjust their
expectations. Some grads may need more loans or even free
room and board to get by.
Camille, Luckenbaugh, spokesman for the Association of
Colleges and Employers, urges new graduates and college students
not to despair. A college degree is worth something and
the more education you have, the higher your salary tends to be.
Government statistics show that the unemployment rate for
adults over the age of 25 who have just a high school diploma
runs 4.2 percent while their median weekly income hovers around
$520. For college graduates, unemployment levels have hit
2.3 percent on average with median income levels of $924.
According the The National Association of Colleges your new
degree is worth:
* Offer as of 2002
Other salary data as of Spring 2003
|
DEGREE |
AVERAGE STARTING SALARY |
CHANGE FROM PREVIOUS YEAR |
|
Chemical Engineering |
$52,169 |
+1.8% |
|
Electrical Engineering |
$50,566 |
+0.4% |
|
Computer Science |
$46,536 |
-7.6% |
|
Math / Statistics * |
$41,543 |
-6.2% |
|
Management Information Systems |
$41,543 |
-5% |
|
Accounting |
$41,360 |
+2.6% |
| Economics / Finance |
$40,764 |
+1.8% |
| Civil Engineering |
$41,067 |
+0.5% |
| Information Sciences |
$39,800 |
-3.9% |
| Nursing * |
$37,803 |
+3.3% |
| Business |
$36,515 |
+3.7% |
| History * |
$30,395 |
+0.7% |
| Biology * |
$29,554 |
-1.0% |
| Liberal Arts |
$29,543 |
+3.1% |
| Political Science * |
$28,546 |
-12.6% |
| English * |
$28,438 |
-8.3% |
| Psychology * |
$26,738 |
-10.7% |
BEST & WORST JOBS IN 2002
According to the most recent edition of the Jobs Related
Almanac by Les Krantz the best and worst jobs for 2002 are:
| BEST JOBS |
| 1. Biologist |
| 2. Actuary |
| 3. Financial Planner |
| 4. Computer Systems Analyst |
| 5. Accountant |
| 6. Software Engineer |
| 7. Meteorologist |
| 8. Paralegal Assistant |
| 9. Statistician |
| 10. Astronomer |
| WORST JOBS |
| 1. Lumberjack |
| 2. Fisherman |
| 3. Cowboy |
| 4. Ironworker |
| 5. Seaman |
| 6. Taxi Driver |
| 7. Construction Worker |
| 8. Farmer |
| 9. Roofer |
| 10. Stevedore |
TOP PHARMACEUTICAL COMPANIES - 2001
from Pharmaceutical Executive
The top 10 pharmaceutical companies each had sales of more
than $1.1B. Together they generated $172B in sales, more
than 59% of the total for all 50 companies. They also
marketed a combined total of 23 products that brought in more
than $1B each. All sales were converted to US dollars for
comparison. To establish a true pharma ranking,
diagnostics, over-the-counter, and animal health divisions were
excluded.
The Top 50 Pharmaceutical
Companies
| 1. |
Pfizer |
| 2. |
GlaxoSmithKline |
| 3. |
Merck |
| 4. |
AstraZeneca |
| 5. |
Bristol-Myers Squibb |
| 6. |
Aventis |
| 7. |
Johnson & Johnson |
| 8. |
Novartis |
| 9. |
Pharmacia |
| 10. |
Eli Lilly |
| 11. |
Wyeth |
| 12. |
Roche |
| 13. |
Schering-Plough |
| 14. |
Abbott Laboratories |
| 15. |
Takeda |
| 16. |
Sanofi-Synthelabo |
| 17. |
Boehringer Ingelheim |
| 18. |
Bayer |
| 19. |
Schering AG |
| 20. |
Akzo Nobel |
| 21. |
Amgen |
| 22. |
Sankyo |
| 23. |
Merck KGaA |
| 24. |
Nova Nordisk |
| 25. |
Shionogi |
| 26. |
Baxter |
| 27. |
Daiichi Pharmaceutical |
| 28. |
Yamanouchi |
| 29. |
Eisai |
| 30. |
Fujisawa |
| 31. |
Teva |
| 32. |
Purdue Pharma |
| 33. |
Genentech |
| 34. |
Chugai Pharmaceutical |
| 35. |
Solvay |
| 36. |
Otsuka |
| 37. |
Elan |
| 38. |
Tanabe Seiyaku |
| 39. |
Serono |
| 40. |
Forest Laboratories |
| 41. |
Allergan |
| 42. |
Altana |
| 43. |
Kyowa Hakko Kogyo |
| 44. |
Ono Pharmaceutical |
| 45. |
Biogen |
| 46. |
Immunex |
| 47. |
Genzyme |
| 48. |
3M Worldwide |
| 49. |
ICN Phamaceuticals |
| 50. |
Schwarz Pharma |
The 10 Fastest Growing
Pharmaceutical Companies
Based on the increase in pharma sales from 2000 to 2001
| 1. |
Allergan |
67% |
| 2. |
Abbott |
40% |
| 3. |
Biogen |
36% |
| 4. |
Forest |
34% |
| 5. |
Teva |
34% |
| 6. |
Elan |
33% |
| 7. |
Genzyme |
30% |
| 8. |
Altana |
30% |
| 9. |
Eisai |
23% |
| 10. |
Purdue |
20% |
Top 15 Companies Ranked by Market
Capitalization
| 1. |
Pfizer |
|
| 2. |
Johnson & Johnson |
|
| 3. |
GlaxoSmithKline |
|
| 4. |
Merck |
|
| 5. |
Novartis |
|
| 6. |
AstraZeneca |
|
| 7. |
Wyeth |
|
| 8. |
Lilly |
|
| 9. |
Abbott |
|
| 10. |
Roche |
|
| 11. |
Bristol-Myers Squibb |
|
| 12. |
Pharmacia |
|
| 13. |
Aventis |
|
| 14. |
Sanoff |
|
| 15. |
Schering-Plough |
|
Top Prescription Market Share in
2001
| 1. |
Pfizer |
|
7.2% |
| 2. |
GlaxoSmithKline |
|
7.0% |
| 3. |
Merck |
|
5.1% |
| 4. |
AstraZeneca |
|
4.5% |
| 5. |
Johnson & Johnson |
|
4.4% |
| 6. |
Bristol-Myers Squibb |
|
4.2% |
| 7. |
Novartis |
|
3.9% |
| 8. |
Aventis |
|
3.5% |
| 9. |
Pharmacia |
|
3.3% |
| 10. |
Abbott |
|
3.1% |
Top 10 Pharmaceutical Products in
2001
| Zocor |
|
cholesterol reducer |
|
Merck |
|
$6.6B |
| Lipitor |
|
cholesterol reducer |
|
Pfizer |
|
$6.45B |
| Prilosec |
|
proton pump inhibitor |
|
AstraZeneca |
|
$%.68B |
| Norvasc |
|
antihypertensive |
|
Pfizer |
|
$3.58B |
| Procrit |
|
anemia therapy |
|
Johnson & Johnson |
|
$3.43B |
| Claritin |
|
antihistamine |
|
Schering-Plough |
|
$3.15B |
| Celebrex |
|
COX-2 anti-inflammatory |
|
Pharmacia |
|
$3.1B |
| Zyprexa |
|
antipsychotic |
|
Lilly |
|
$3.09B |
| Prevacid |
|
anti-ulcerant |
|
TAP |
|
$2.95B |
| Paxil |
|
antidepressant |
|
Pfizer |
|
$2.68B |
1. Pfizer - www.pfizer.com
2001 Worldwide Pharma Sales - $25.5B
2001 R&D Spending - $3.8B
2001-2002 Pharma Growth - 13%
2001 Top Selling Products - Lipitor, Norvasc, Zoloft
Key Developments:
- $294M global R&D headquarters opened in Connecticut
- Founded AIDS Clinic in Uganda
- Collaborated with State of Florida to benefit Medicaids
patients
2. GlaxoSmithKline - www.gsk.com
2001 Worldwide Pharma Sales - $24.8B
2001 R&D Spending - $3.8B
2001-2002 Pharma Growth - 12%
2001 Top Selling Products - Paxil, Augmentin, Flovent
Key Developments:
- Acquired Block Drug
- Joint venture with Shionogi
- Study showed Malarone highly effective against Malaris
3. Merck - www.merck.com
2001 Worldwide Pharma Sales - $21.35B
2001 R&D Spending - $2.4B
2001-2002 Pharma Growth - 5%
2001 Top Selling Products - Zocor, Vioxx, Cozaar
Key Developments:
- Acquired Rosett Inpharmatics
- Broke ground on a Boston research facility
- Study showed Zocor reduces risk of heart attack
4. AstraZeneca - www.astrazeneca.com
2001 Worldwide Pharma Sales - $16.48B
2001 R&D Spending - $2.7B
2001-2002 Pharma Growth - 8%
2001 Top Selling Products - Prilosec, Zestril, Pulmicort
Key Developments:
- Clinical trials showed Nexium more effective than
Lansoprazole for esophagitis
- Opened $100M pharmaceutical plant in China
- Study showed Casodex decreases rate of prostate disease
progression
5. Bristol-Myers Squibb - www.bms.com
2001 Worldwide Pharma Sales $15.6B
2001 R&D Spending - $1.9B
2001-2002 Pharma Growth - 6%
2001 Top Selling Products - Glucophage, Pravachol, Plavix
Key Developments:
- Acquired DuPont Pharmaceuticals
- Study showed Irbesartan protects against kidney disease
- Opened the Bristol-Myers Squibb Children's Hospital in New
Jersey
6. Aventis - www.aventis.com
2001 Worldwide Pharma Sales - $15.35B
2001 R&D Spending - $3.03B
2001-2002 Pharma Growth - 15%
2001 Top Selling Products - Allegra, Lovenox, Taxotere
Key Developments:
- Divested CropScience and animal nutrition units
- Launched Lantus in US and Ketek in Europe
- Vaccine business grew 28%
7. Johnson & Johnson - www.jnj.com
2001 Worldwide Pharma Sales - $14.9B
2001 R&D Spending - $1.1B
2001-2002 Pharma Growth - 19%
2001 Top Selling Products - Procrit, Risperdal, Levaquin
Key Developments:
- Reminyl was approved for Alzheimer's
- Ortho Evra, the first birth control patch, approved
- $12.3B merger with Alza
8. Novartis - www.novartis.com
2001 Worldwide Pharma Sales - $14.5B
2001 R&D Spending - $2.2B
2001-2002 Pharma Growth - 15%
2001 Top Selling Products - Diovan, Sandimmun, Cibacen
Key Developments:
- Gleevec approved
- Four US drug approvals, 15 approvals worldwide
- Visudyne approved in 35 countries
9. Pharmacia - www.pharmacia.com
2001 Worldwide Pharma Sales - $11.97B
2001 R&D Spending - $2.07B
2001-2002 Pharma Growth - 11%
2001 Top Selling Products - Celebrex, Ambien, Xalatan
Key Developments:
- FDA approved Bextra and EMEA approved Dynaststx
- Licensed CDP-870, a new treatment for rheumatoid
arthritis, fom CellTech, and Dermaciclane (Orton) for
generalized anxiety
10. Lilly - www.lilly.com
2001 Worldwide Pharma Sales - $11.54B
2001 R&D Spending - $2.2B
2001-2002 Pharma Growth - 6%
2001 Top Selling Products - Zyprexa, Fluoxetine, Gemzar
Key Developments:
- Prozac lost patent exclusively
- Xigris approved and launched, with sales of $35M in first
6 months
- Zyprexa sales grew 31%
11. Wyeth - www.wyeth.com
Global Pharma Sales - $11.71B
2001 R&D Spending - $1.8B
Growth from 2000 - 10%
Top Selling Product - Premarin
12. Roche - www.roche.com
Global Pharma Sales - $8.53B
R&D Spending - $1.3B
Growth from 2000 - 1%
Top Selling Product - Rocephin
13. Schering-Plough - www.sch-plough.com
Global Pharma Sales - $8.36B
R&D Spending - $1.3B
Growth from 2000 - 0%
Top Selling Product - Claritin
14. Abbot Laboratories - www.abbott.com
Global Pharma Sales - $8.17B
R&D Spending - $1.6B
Growth from 2000 - 40%
Top Selling Products - Clarithromycin, Prevacid (TAP)
15. Takeda - www.takeda.co.jp
Global Pharma Sales - $7.77B
R&D Spending - $72M
Growth from 2000 - 4%
Top Selling Product - Prevacid (TAP)
16. Sanofi-Synthelabo - www.sanofi-synthelabo.com
Global Pharma Sales - $5.7B
R&D Spending - $908M
Growth from 2000 - 9%
Top Selling Product - Ambien
17. Boheringer Ingelheim
Global Pharma Sales - $5.6B
R&D Spending - $866M
Growth from 2000 - 8%
Top Selling Product - Flomax
18. Bayer - www.bayer.com
Global Pharma Sales - $5.04B
R&D Spending - $1.09B
Growth from 2000 - -6.7%
Top Selling Product - Cipro
19. Schering AG - www.schering.de
Global Pharma Sales - $3.9B
R&D Spending - $760M
Growth from 2000 - 7%
Top Selling Product - Betaferon
20. Akzo Nobel - www.akzonobel.com
Global Pharma Sales - $3.55B
R&D Spending - $471.6M
Growth from 2000 - 12%
Top Selling Product - Remaron
21. Amgen - www.amgen.com
Global Pharma Sales - $3.5B
R&D Spending - $865M
Growth from 2000 - 9%
Top Selling Product - Epogen/Aranesp
22. Sankyo - www.sankyo.co.jp
Global Pharma Sales - $3.3B
R&D Spending - $594M
Growth from 2000 - -9.6%
Top Selling Product - Mevalotin
23. Merck KGaA
Global Pharma Sales - $2.89B
R&D Spending - $502.75M
Growth from 2000 - 14%
Top Selling Product - Glucophage
24. Novo Nordisk - www.novonordisk.com
Global Pharma Sales - $2.8B
R&D Spending - $470.48M
Growth from 2000 - 14%
Top Selling Product - Insulin
25. Shionogi - www.shionogi.co.jp
Global Pharma Sales - $2.8B
R&D Spending - $236M
Growth from 2000 - 16%
Top Selling Product - Flomax
26. Baxter - www.baxter.com
Global Pharma Sales - $2.79B
R&D Spending - $427M
Growth from 2000 - 11%
Top Selling Product - Recombinate
27. Daiichi - www.daiichipharm.co.jp
Global Pharma Sales - $2.56B
R&D Spending - $322.7M
Growth from 2000 - 3%
Top Selling Product - New quinolone
28. Yamanouchi - www.yamanouchi.com
Global Pharma Sales - $2.53B
R&D Spending - $419M
Growth from 2000 - 11%
Top Selling Product - Gaster
29. Eisai - www.eisai.com
Global Pharma Sales - $2.4B
R&D Spending - $371M
Growth from 2000 - 23%
Top Selling Product - Aricept
30. Fujisawa
Global Pharma Sales - $2.3B
R&D Spending - $419M
Growth from 2000 - 2.9%
Top Selling Product - Prograf
SALARIES OF SALES PROFESSIONALS
The "2001 Salary Survey" in Sales &
Marketing Management Magazine listed average annual
compensation by performance level, company size, and industry:
Sales Representatives
| PAY DETERMINANT |
|
COMPENSATION (base, plus bonus & commissions |
| Performance |
|
|
| Top Performer |
|
$125,844 |
| Mid-Level Performer |
|
$88,734 |
| Low-Level Performer |
|
$57,571 |
| |
|
|
| Company Size |
|
|
| $1M to $10M |
|
$82,632 |
| $10M to $50M |
|
$78,980 |
| $50M to $250M |
|
$90,777 |
| $250M to $1B |
|
$89,458 |
| $1B to $10B |
|
$83,708 |
| |
|
|
| Industry |
|
|
| Computer Software & Services |
|
$115,680 |
| Diversified Professional Services |
|
$87,678 |
| Manufacturing |
|
$74,139 |
| Telecommunications |
|
$115,576 |
|
|
|
|
|
|
|
|
|
|
Sales Executives
|
|
|
|
| TYPE OF EMPLOYER |
|
COMPENSATION |
| |
|
|
| Company Size |
|
|
| Less than $1M |
|
$85,802 |
| $1M to $10M |
|
$98,587 |
| $10M to $50M |
|
$117,500 |
| $50M to $250M |
|
$113,211 |
| $250M to $1B |
|
$117,923 |
| $1B to $10B |
|
$121,880 |
| More than $10B |
|
$113,448 |
| |
|
|
| Industry |
|
|
| Computer Hardware & Electronics |
|
$129,527 |
| Computer Software & Services |
|
$137,419 |
| Consumer Products / Retail |
|
$96,711 |
| Diversified / Professional Services |
|
$99,750 |
| Manufacturing |
|
$99,866 |
| Media |
|
$86,885 |
| Telecommunications |
|
$118,085 |
| All Executives |
|
$108,572 |
|
|
|
|
|
|
|
|
|
|
FORTUNE MAGAZINE'S LIST OF
THE BEST COMPANIES TO WORK FOR - MORE JOBS FOR WOMEN - 2/02
The companies listed with the highest percentage of women
on the job include:
| COMPANY |
RANK |
U.S. EMPLOYEES |
%WOMEN |
| Bright Horizons Family Solutions |
60 |
12,141 |
97% |
| Baptist Health Care |
10 |
4,068 |
82% |
| Third Federal Savings & Loan |
36 |
1,017 |
80% |
| East Alabama Medical Center |
18 |
1,846 |
78% |
| Griffin Health Services |
43 |
1,111 |
78% |
| Lands' End |
53 |
4,150 |
77% |
| St. Luke's Episcopal Health System |
86 |
3,886 |
77% |
| Vision Service Plan |
25 |
2,283 |
72% |
| First Tennessee |
66 |
6,875 |
72% |
| AFLAC |
33 |
3,251 |
71% |
| Nordstrom |
84 |
41,933 |
71% |
| American Express |
91 |
49,019 |
67% |
| Synovus Financial |
5 |
10,995 |
66% |
| Discovery Communications |
89 |
1,531 |
64% |
| VHA |
38 |
1,416 |
63% |
| Paychex |
42 |
7,406 |
63% |
| Edward Jones |
1 |
25,324 |
62% |
| Container Store |
2 |
1,677 |
62% |
| McCutchen, Doyle, Brown & Enersen |
54 |
702 |
61% |
| LensCrafters |
56 |
15,760 |
60% |
| Starbucks |
58 |
51,914 |
60% |
| Capital One |
32 |
17,468 |
59% |
| Wal-Mart Stores |
94 |
1,007,509 |
59% |
| Fenwick & West |
14 |
626 |
58% |
| International Data Group |
21 |
2,113 |
58% |
DO YOU WANT TO CHANGE
CAREERS? YOU ARE NOT ALONE!
Even though the job market is
uncertain, those who are changing careers are doing it at a
record rate. The Five O'Clock Club, a New York-based
career counseling network, reported the average worker has had
the same job for only four years. Americans typically
change careers five times in their lives.
Career changers decide what they
enjoy doing and do well, and zero in on the industries that
appeal to them. The Five O'Clock Club recommends
selecting growing sectors, meeting with people in your target
field, and becoming as knowledgeable as possible about it.
CHIEF FINANCIAL OFFICERS ARE
STILL IN DEMAND
According to a Wall Street Journal article in July
2001, many companies are searching for seasoned financial
officers who can manage a business amid the upheaval of mergers
and major changes in operations.
"The overall demand for CFOs is slightly weaker than
last year, but only because there are fewer start-up companies
after the fall-out in the dot-com arena. There is still
steady to strong demand for CFOs, but now it is from mature,
traditional companies," according to Michael P. Kelly,
chief operating officer of The Directorship Search Group, a
search company in Greenwich, Connecticut.
Korn/Ferry's assignments for finance and control executives
accounted for 17% of all the firm's searches in the first
quarter, up 1% point from the period last year. However,
Korn/Ferry does not disclose the number of overall searches it
is conducting in any given period.
Meanwhile, an index compiled by ExecuNet Inc., a Norwalk,
Connecticut-based job-networking group, shows that job
postings for finance executives were down 13% in the second
quarter of 2001 from the second quarter of 2000.
Mr. Kelly says good CFOs are always in demand, but the
economy dictates the type of background companies want
most. "When the economy is good, there is not much
restructuring going on, the IPO market is hot, and companies
want CFOs who have experience taking a company public.
But when the market is down, companies begin missing their
numbers, scrutinizing their CEOs and CFOs, and making changes
that will cut costs, which sometimes means replacing these
executives."
Terry Gallagher, president of Battalia Winston
International, an executive search firm in New York, says
"most of his CFO searches are for companies that have
gone through multiple mergers and acquisitions - someone who
can consolidate the back office operations to create
efficiencies, develop uniform controls and standards for the
entire organization, and help wring costs out of the
business."
Companies are looking for the cream of the crop when
recruiting CFOs, but finding them is difficult, says Adam
Kohn, managing director of Christian & Timbers Inc., a
Cleveland-based recruiting firm.
Candidates should have at least 15 years of experience in
various financial positions and have recently led and managed
a consolidated company that was merging multiple business
cultures. They should have experience managing a
decentralized operation and mergers and acquisitions.
Experience with different currencies and international banking
are other requirements.
Mr. Kohn says an A-player CFO will earn an annual base
salary between $500,000 and $700,000, with a cash bonus of as
much as 50% of base salary, plus equity. A B-player
would earn around $450,000, with a similar bonus and equity
opportunity.
Recruiters say that CFOs are earning more than in the past
because they have greater responsibilities within
organizations. New responsibilities are active
participation in operations and
the ability to help create financial results, not just report
them. Some of the best candidates are people who have worked
as a controller of a large company as well as a divisional
CFO.
CFOs are not just number crunchers. They are expected
to get out from behind their desks, spend time with customers,
work closely with marketing departments, have a good
understanding of the company's product mix, and go to trade
shows to see what competitors are doing.
CFOs must have strong communication skills as well as
traditional financial and technical skills.
Total average pay for treasury and financial management
executives increased 8.1% in 2000, according to a survey by
the Association of Financial Professionals (AFP) in Bethesda,
Maryland. Finance chiefs achieved the highest average
pay, $190,933, followed by vice presidents of finance,
$178,724, and treasurers, $158,404. These figures
include base salary, bonus, and deferred compensation.
Pay also varies by industry. Financial services and
banking industry executives achieved the highest compensation
gains of 15% in 2001.
Industries unaffected by the economy and in need of CFOs to
help them flourish and even expand in some situations include:
- Pharmaceuticals
- Life Sciences
- Healthcare
Industries recruiting less actively because of the economy,
the dot-com meltdown, and the multitude of mergers and
acquisitions include:
- Telecommunications
- Technology
- Financial Services
There are also differences in regions. High demand
regions are in large metropolitan areas where corporate
headquarters are located and include:
- Los Angeles and San Francisco - where there are a lot of
healthcare entities
- New Jersey and the Northeast - where there is an
abundance of pharmaceutical companies
Finance officers in the Northeast received higher salaries
than their peers elsewhere in the United States and also
achieved the highest bonus, deferred compensation, and total
salary compensation, according to the AFP survey.
Recruiters expect the demand for CFOs to strengthen
steadily as the year progresses and reach normal levels during
the first half of 2002. "A lot of companies are
expecting the economy to bounce back toward the beginning of
2002 and many will resume hiring during the first and second
quarters," says Mr. Kohn. "But, as the economy
makes a comeback and companies focus on going public again,
the demand will likely shift back to CFOs with IPO
experience."
LAID-OFF WORKERS FACE
FALLOUT FROM LEGAL AGREEMENTS
Companies in today's declining
economy are requiring current and laid-off workers to adhere
to employment agreements. The legal agreements can cover
all kinds of activities. They may limit laid-off workers from:
- Joining a competitor (non-compete
clauses)
- Disparaging a former company
(non-disparagement clauses)
- Discussing severance packages
- Disclosing information acquired
while doing a former job
- Calling up colleagues
Companies are not just requiring the
agreements, they are also getting tough about making sure they
are upheld. Several firms are filing lawsuits against
former workers or rival businesses they believe are not
following the rules.
Employers say the agreements are
necessary to protect trade secrets and intellectual capital,
but others claim the legal contracts are merely a tool for
bullying workers. In a survey conducted by Pinkerton,
employers sited such concerns as Internet security, fraud,
hardware and software theft, and unethical behavior as
concerns. Fortune 1000 firms have reported losing $45B
annually from trade secret theft, according to a 1999 report
by PricewaterhouseCoopers and the American Society for
Industrial Security.
Employees often must sign the
agreements to get severance pay. Critics say that
unfairly forces them to surrender certain rights under
duress. And, they say, the agreements are supposed to
keep workers from quitting to join a competitor, not to keep
laid-off workers from finding a new job.
If you think you are immune, you
better check out the fine print in your employee
handbook. Many workers signed such contracts when they
were hired, but only after downsizing are they experiencing
the repercussions. Even workers who haven't signed
anything may be vulnerable, because more legal agreements are
being added to severance plans as job cuts mount.
Employment agreements are spurring
more than just lawsuits. Some other ramifications
include:
- Alienation
- Lost Opportunities
If you are asked to sign an
employment agreement, make sure you read the fine print.
If you have already signed a non-compete agreement, you may
want to seek legal advice before you look for another
position.
FINDING JOBS ON THE
INTERNET
Internet companies are eliminating
jobs by the thousands and job placement web sites are
receiving résumés in record numbers in the after-math of the
dot-com fallout. They are also receiving many résumés
from "silent job seekers," employed workers who are
job-hunting. According to an article in USA Today,
Monster.com, CareerBuilder, HotJobs.com, and Headhunter.net
are all reporting receiving record numbers of résumés.
In early 2001:
- Monster.com - was averaging
receipt of 30,000 résumés a day. It listed 8.3
million resumés and nearly 500,000 jobs.
- CareerBuilder - doubled the
number of résumés on its site to 2 million in three
months.
- HotJobs.com - profiles of
job-seekers skyrocketed 70%.
- Headhunter.net - recorded a
412% spike in "unique users."
The growth in résumés received by
these job-placement Web sites is not an indicator of the
number of job-seekers who are finding jobs through these
sites.
One of my clients told me of someone
who posted a job opening for a sales representative on Monster.com and received 5,000 responses in 1 week.
The bottom line is that you need to
use the Internet as one of many methods to explore job
opportunities. If you use it as your only method, you
may not find anything.
JOB SEARCH EXPENSES YOU
CAN DEDUCT
Always check with your accountant
before claiming any of these deductions:
Keeping careful records of
job-hunting costs can lower your income tax bills
Expenses for job-hunting costs may be
deductible because the government encourages unemployed
individuals to find new jobs. These deductions may be
taken regardless of whether you actually change jobs or are
considering a job change. However, you must itemize your
expenses on your income tax return to take advantage of job
search deductions. The available deduction must be added
to other miscellaneous expenses, and the deductible amount of
all miscellaneous deductions must exceed 2% of your adjusted
gross income.
The government includes job-search
expenses under a category of "trade and business"
expenses. Only those expenses related to job hunting
within your present field, trade, or occupation may
qualify. In other words, you can only deduct expenses
related to job-seeking in your field of expertise.
If you have been out of a job for a
long time you can only deduct job search expenses if your
reason for being unemployed is business related. For
instance a 2 year period of joblessness due to a recession is
reasonable justification, but a 2 year absence to write a book
wouldn't be acceptable.
When filing your tax return, you must
be able to document your expenses. It is important to
keep a diary describing your job-hunting activities and
related costs. In your diary record:
- The names, dates, and times of
everyone that you meet
- Place and purpose of the meeting
- Costs of all job search expenses -
save all receipts
Deductible expenses include costs
for:
- Résumé Service / Services
- Career Counseling
- Printing - résumés, stationery, special envelopes,
photocopies
- Postage - estimate postal needs and buy stamps in
quantity
- Office Supplies - calendars, file folders, computer
disks, paper
- Publications - trade journals, newspapers with daily
help-wanted sections
- Transportation
- Telephone and Fax Fees - If you have a second telephone
line dedicated to your job search it can be deducted but
on-line households cannot deduct monthly phone bills
- Long-distance phone bills related to the job search can
be deducted no matter how many phone lines you have
- Legal and Accounting Fees - related to new employment
tax matters and employment contracts, which can be complex
- Meetings
- Relocation Interview Travel - tolls, parking, taxis, gas
mileage, public transportation, including airline
travel
- Relocation - moving household and personal goods unless
covered by new employer
The key to deducting job search expenses on your taxes is
self-discipline. This means recording all job-search
activities and expenses in a notebook or diary and saving all
job-search related receipts. You may find it is worth
the effort on April 15th.
You can only deduct costs paid for in the year for which
you're taking the deduction.
| LOOKING
FOR THE IDEAL JOB? Jobs
ranked in various categories,
with the best at No. 1 and the
worst at No. 250, according to
the Jobs Rated Almanac (2000):
Best
overall job:
No. 1 - Financial
planner
No. 2 - Web site manager
No. 3 - Computer systems analyst
No. 4 (tie) - Actuary
No. 4 (tie) - Computer programmer
Worst overall job:
No. 246 - Ironworker
No. 247 - Cowboy
No. 248 - Lumberjack
No. 249 - Oil field roustabout
No. 250 - Fisherman
Best working
environment:
No. 1 - Statistician
No. 2 - Mathematician
No. 3 - Computer systems analyst
No. 4 - Hospital administrator
No. 5 - Historian
Worst working
environment:
No. 246 - Taxi driver
No. 247 - NFL football player
No. 248 - Race car driver
No. 249 - Firefighter
No. 250 - President of the United
States
'Best
income:
No. 1 - NBA basketball
player ($2,587,264)
No. 2 - Major league baseball
player ($1,668,257)
No. 3 - NFL football player ($1,120,478)
No. 4 - Race car driver ($489,844)
No. 5 - President of the United
States ($400,000)
Worst income:
No. 246 (tie) - Cashier
($16,069)
No. 246 (tie) - Dressmaker ($16,069)
No. 248 - Bartender ($15,067)
No. 249 - Dishwasher ($14,058)
No. 250 - Waiter/Waitress ($14,042)
Least stress:
No. 1 - Medical records
technician
No. 2 - Janitor
No. 3 - Forklift operator
No. 4 - Musical instrument
repairer
No. 5 - Florist
Most stress:
No. 246 - Surgeon
No. 247 - Race car driver
No. 248 - Senior corporate
executive
No. 249 - Firefighter
No. 250 - President of the United
States
Most secure:
No. 1 - Web developer
No. 2 - Web site manager
No. 3 - Computer consultant
No. 4 - Software engineer
No. 5 - Computer systems analyst
Least secure:
No. 246 - Football
player
No. 247 - Fisherman
No. 248 - Bricklayer
No. 249 - Drywall applicator/finisher
No. 250 - Garbage collector
THE
PHARMACEUTICAL JOB MARKET - 2002
Demand Remains High for Drug Industry Executives
The drug industry has remained healthy and is
continuing to hire despite the decline in the U.S.
economy. In certain specialized fields, demand
is extremely high. There are not enough experts
with advanced life science and computer
degrees for
all the available openings for bioinformaticists, say
recruiters.
These scientists help biotechnology and
pharmaceutical companies understand the large amounts
of data coming from gene research and plan strategies
to develop new discoveries. In these areas,
there are probably 3 to 5 times as many people
needed as
there are qualified in the industry, according to Mark
Hoffman, recruiter from Management Recruiters of
Emeryville in California.
Demand is also very strong for clinical research
associates, or CRAs, and their bosses, the scientists
and doctors who oversee clinical research.
Companies are rushing to get new drugs on the market
to replace those with patent expirations in coming
years. In 1999, more than 17,500 people were
employed in the first three clinical-trial phases,
about double the number working in this area in 1998,
according to the Pharmaceutical Research and
Manufacturers of America (PhRMA) 2001 annual survey.
Small biotech companies are seeking experienced
executives to help guide their growth strategy.
Demand is good for chief financial, chief information,
and chief executive officers.
It is estimated that in the U.S. pharmaceutical
companies need 4,000 to 5,000 sales representatives to
launch a blockbuster drug --- those with peak
sales of about $500M annually. Big
pharmaceutical companies are adding sales staff, while
drug industry contract employers are recruiting sales
reps to market drugs for small to medium-sized firms.
In general, the pharmaceutical industry is immune
to economic setbacks. Growth is linked more
closely to demographics and as baby boomers age, the
diagnosis is healthy. Yet the industry has
hunkered down somewhat. While it appeared to
have a standout year for hiring in 2001, in reality,
recruiting was active but not excessive, say search
recruiters. It looks better than it actually is
because everything else has fallen way back, while
pharmaceutical hiring has stayed about the same.
World-wide drug sales by U.S. companies increased
an estimated 8.7% in 2001 following double digit
growth in 2000. In 2002, hiring should remain
stronger than in other industries:
- 58% of pharmaceutical employers expect to add
staff in the first 6 months of 2002
- 9.5% of pharmaceutical employers expect to
decrease payrolls
- In the third quarter of 2001, the number of
pharmaceutical and health-care jobs listed with
ExecuNet, was up 44% from the third quarter in
2000
- By 2010, drug-industry jobs should increase by
24% or 75,000 from the 2000 level, the U.S.
Department of Labor reports
Bioinformatics
The prognosis is especially positive for bio-,
medical-, or chemical-informaticists. The
professionals need PhDs in a life science, such as
biology or organic chemistry, plus an
information-science degree or the equivalent in
hands-on computer experience. In addition, when
a team is in place, companies need senior managers to
help pull the research efforts together and determine
how to maximize these investments in technology.
Informatics directors and vice presidents
should
have about 15 to 20 years of research
experience. They have base salaries ranging from
$175,000 to $200,000, plus bonuses and stock options
worth between 20% and 40% of the base pay if the
company is publicly traded.
Candidates are being grabbed from coast to
coast. Last year, Genaissance Pharmaceuticals
Inc., a bioinformatics company in New Haven,
Connecticut, added about 40 employees in the
informatics department, more than doubling the
departments size. This company uses population
genomics and informatics to determine how patients will
respond to certain medicines. An infusion of
cash from its initial public offering in 2000 allowed
it to expand in 2001. New hires include software
developers, analysts, geneticists, and bioinformatic
scientists.
Pay for bioinformatic scientists at biotech
companies starts between $50,000 and $60,000, while
experienced candidates can quickly get to the $90,000
range. Pharmaceutical companies tend to pay
between $10,000 and $20,000 more annually for such
professionals.
Clinical Research Pros
Companies seek physicians with clinical trial
experience for associate medical director positions to
conduct drug research and development, including
clinical trials. Salaries range from $135,000 to
$165,000 depending on the company location and
size.
The best candidates are physicians at mid-career
who have received grant money for studies and have
done some research.
Clinical research associates (CRAs) monitor trial
sites throughout the country. Since travel
demands are so intensive, the turnover rate is
high. Candidates often are women with nursing
backgrounds and the pay ranges from $30,000 to
$70,000
annually.
Chief Executives
Small companies concentrating on genomics and
proteonomics research are seeking chief finance and
chief information officers to help them with financial
strategy and oversee the business development of the
information that emerges.
Sharp CFOs are needed because of the economic
downturn and the difficulty in raising funds.
Ideally candidates should have 5 to 10 year finance
backgrounds, be certified public accountants, and have
IPO experience. Pay ranges from $150,000 to
$200,000, plus a 20% bonus.
The chief information or technology officer at
smaller companies typically is paid between $175,000
and $225,000 with a bonus of 10% to 30%, while at
large companies, the range is from $250,000 to
$350,000. This executive oversees how the
information coming out of research efforts will be
used.
A strong market also exists for executives who can
steer the helm of small biotech firms. Small
firms are attractive options for big-company managers
because they are likely to grow faster than major
pharmaceutical companies, improving chances to create
corporate and personal wealth.
Sales Professionals
Larger pharmaceutical companies are
hiring sales professionals to help market
their current products. Small and
medium-sized companies that may not
have resources to hire and train sales forces
sometimes use contract recruitment and
training firms like Innovex, a unit of
Quintiles Transnational, to hire and deploy
sales reps.
Innovex has 2,000 sales reps working in the
field for various clients. The company
will hire and train sales professionals who
lack pharmaceutical industry experience if
they show promise and an ability to
learn. The most important quality
that they seek is a strong sales
background. Innovex sales pay is
competitive with sales pay throughout the
industry, which ranges from $30,000 to $60,000
in base pay and incentives.
PHARMACEUTICAL
COMPANY SALES PROFESSIONALS - 2000 Average
total cash compensation
| District Manager |
|
$109,500 |
| Sales Representative - Career Pro |
|
$ 96,100 |
| Sales Representative - 4-6
years |
|
$ 77,400 |
| Sales Representative - 2-4 years |
|
$ 67,900 |
| Sales Representative - entry level |
|
$ 52,000 |
(experience is in pharmaceutical
sales)
Source: "Tenth Annual
Compensation Report," published May 2001,
Pharmaceutical Executive, Advanstar
Communications, Cleveland, Ohio
|
THE
FASTEST GROWING OCCUPATIONS - 1996 TO
2006
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| According to the Labor Department,
the fastest growing occupations are : |
- Database administrators, computer
support specialists, and all
other computer scientists
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- Personal and home care aides
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- Physical-and corrective-therapy
assistants and aides
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- Desktop-publishing specialists
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- Occupational-therapy assistants
and aides
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- Teachers, special education
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- Data-processing equipment
repairers
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| http://www.aresumes.com
- Arlene Schwartz Personalized Résumé Service |
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