Global executive search firm CTPartners (NYSE MKT: CTP) today released Hot Jobs, its 18th annual forecast of executive jobs expected to be in demand in the coming year. According to CTPartners, the economic and political uncertainty that held back job growth in 2012 is easing as we head into 2013. CEOs have more clarity, if not exactly enthusiasm, with the U.S. presidential election decided, signs of an improving economy, and in spite of ongoing budget battles in Washington.
CTPartners cites five specific Big Ideas that drove hiring in strategic areas last year and will continue to generate investment in 2013. In tech, Big Data, Cloud Services and Digital Technologies are not new, but are ongoing transformational shifts that will impact industries for years to come.
In financial services, Risk and Recovery Strategies have kept executive hiring strong in several areas: legal, compliance, risk management and wealth management. Compliance looms large as companies deal with Dodd-Frank and ObamaCare; risk has remained a priority since the fiscal crisis began in 2008; and financial services companies continue to look for new revenues through diversification and asset management, especially for the creation of new products and markets, including electronic payments to build new revenue streams for banks.
Healthcare Reform is driving Big Pharma, device and diagnostic companies to new levels of efficiency and data integration as they comply with ObamaCare and move toward more proactive and cost-effective population health management. Integrated electronic records remain a priority for healthcare IT.CTPartners’ CEO Brian Sullivan notes that other major trends favoring job creation are in play. He cites the American domestic energy boom which generated an 11 percent increase in U.S. oil production from 2006-2011, taking U.S. production to the highest level since 1998. There has also been a 25 percent increase in natural gas production (an all-time high), and a 100 percent increase in renewables.*