Archive for March, 2016

Do job seekers need a Master’s degree for Tampa jobs?

Monday, March 28th, 2016

Some job seekers are questioning if they need a Master’s degree for Tampa jobs, among other locations.

According to a new CareerBuilder survey, nearly a third (32 percent) of employers have increased their educational requirements over the past five years.

More than a quarter (27 percent) are hiring employees with master’s degrees for positions primarily held by those with four-year degrees in the past, and 37 percent are hiring employees with college degrees for positions that had been primarily held by those with high school degrees.

According to the survey, of the employers who have increased their education requirements in the past five years, most have done so for middle-skill jobs:

  • Entry-level or low-skill: 46 percent
  • Middle-skill: 61 percent
  • High-skill: 43 percent

When asked why they are hiring more employees with college degrees for positions that had been primarily for those with high school diplomas in the past, 60 percent of these employers said skills for those positions have evolved, requiring higher educated labor, and 56 percent said they’re able to get college-educated labor for those positions because of the tight job market.

As a result of increasing their educational requirements, employers have witnessed a positive impact on:

  • Higher quality work: 57 percent
  • Productivity: 43 percent
  • Communication: 38 percent
  • Innovation/idea generation: 37 percent
  • Employee retention: 32 percent
  • Customer loyalty: 25 percent
  • Revenue: 21 percent

Higher degrees not only boost candidates’ chances of hired, but they can help their chances of getting promoted as well — more than a third (36 percent) say they are unlikely to promote someone who doesn’t have a college degree.

Tampa physician jobs and their salaries

Thursday, March 10th, 2016

A new survey from Glassdoor sheds light on what someone might make with Tampa physician jobs.

According to Glassdoor’s latest report highlighting the 25 Highest Paying Jobs in America for 2016, physicians, lawyers and research & development managers are bringing home the biggest paychecks. This report is entirely based on people with these jobs who have shared their salaries on Glassdoor over the past year.

Jobs with the highest salaries include:

1. Physician

  • Median Base Salary: $180,000
  • Number of Job Openings: 2,064

2. Lawyer

  • Median Base Salary: $144,500
  • Number of Job Openings: 995

3. Research & Development Manager

  • Median Base Salary: $142,120
  • Number of Job Openings: 112

4. Software Development Manager

  • Median Base Salary: $132,000
  • Number of Job Openings: 3,495

5. Pharmacy Manager

  • Median Base Salary: $130,000
  • Number of Job Openings: 1,766

6. Strategy Manager

  • Median Base Salary: $130,000
  • Number of Job Openings: 701

7. Software Architect

  • Median Base Salary: $128,250
  • Number of Job Openings: 655

8. Integrated Circuit Designer Engineer

  • Median Base Salary: $127,500
  • Number of Job Openings: 165

9. IT Manager

  • Median Base Salary: $120,000
  • Number of Job Openings: 3,152

10. Solutions Architect

  • Median Base Salary: $120,000
  • Number of Job Openings: 2,838

Wage growth outpacing predictions for Tampa jobs?

Wednesday, March 9th, 2016

A new survey from Payscale posits that wage growth may be outpacing predictions for Tampa jobs, among other locations, which is great news.

The PayScale Index tracks both quarterly and annual trends in compensation and also provides a U.S. national wage forecast for the coming quarter. In the last quarter of 2015, U.S. wages across all industries exceeded expectations by a significant margin; a promising sign for workers’ wages after years of stagnation. The PayScale Index predicted quarterly growth of 0.1 percent and annual wage growth of 0.6 percent in Q4, however, wages actually rose 1.1 percent in the quarter and the average 12-month increase was 1.5 percent.

Key findings in the Q4 2015 PayScale Index

  • Real wages improve, but wages still buy less today than in 2006:
    • Although real wages are down almost 7 percent since 2006, the measure reflects an improvement over the past three years during which real wages reached a low of more than 8 percent.
    • PayScale real wages are calculated by analyzing nominal wage growth and the average change in price of a fixed basket of goods and services.
  • Wages rose for STEM-focused jobs:
    • Although wages for IT jobs fell for the first two quarters of 2015, they picked up once again in Q4, growing 1.3 percent for the quarter and 1.2 percent annually.
    • In addition to IT jobs, wages in other STEM positions also recovered from a major dip in the first half of 2015 with 0.8 percent annual wage growth for engineering jobs and 1.1 percent annual wage growth for science and biotech jobs.
  • Wages continue to rise for the real estate and construction industries:
    • Both the construction and real estate industries saw a major downturn after the recession and wages experienced some ups and downs in 2014 and early 2015.
    • However, annual wages for these industries showed encouraging signs of life in Q4. Quarterly wages grew 0.7 percent in construction and 0.9 percent in the real estate industry.
  • Wages for Mining, Oil and Gas Exploration industry rebounded:
    • Wages for this industry fell the first three quarters of 2015, then rose in Q4 with 1.6 percent annual wage growth. However, the Q4 increase wasn’t enough to overcome the dips earlier in the year, as annual wages for the industry were a meager 0.2 percent.
    • Annual wages in Houston, a city dominated by the oil industry, fell by 0.9 percent last quarter.
  • Highlights for U.S. Metro wage growth include:
    • The top five U.S. metro areas experiencing the most annual wage growth were:
      • San Francisco, CA (2.5 percent)
      • Chicago, IL (1.9 percent)
      • Riverside / San Bernardino, CA (1.9 percent)
      • Washington, DC (1.8 percent)
      • St. Louis, MO (1.8 percent)
    • The three U.S. metros experiencing the least growth in annual wages were:
      • Philadelphia, PA (0.4 percent)
      • Phoenix, AZ (0.0 percent)
      • San Diego, CA (-0.4 percent)

Are there enough degrees for nursing jobs in Tampa?

Monday, March 7th, 2016

New research from job board Careerbuilder shows there may not be enough college degrees to fill nursing jobs in Tampa.

Nearly two-thirds (63 percent) of employers reported that they are concerned about the growing skills gap in the U.S., according to the latest survey from Careerbuilder.

While the programs highlighted in the study have grown at least 10 percent from 2009-2014 and had at least 10,000 completions in 2014, they’re still undersupplying candidates for occupations that already see big gaps between the number of jobs posted and the number of hires companies make each month.

For example, 157,591 people graduated with degrees in Computer and Information Sciences in 2014, a number that increased 41 percent since 2009. While the growth is encouraging, it’s not enough. On average, from Jan. 2015 to Jan. 2016, 689,685 computer and information technology jobs were posted each month in the U.S. However, the average number of hires was only 209,035 – leaving a gap of 480,650 positions.

Nearly half(47 percent) of employers believe the skills gap is an information gap — people are not aware of the jobs that are available and growing1.

Looking at it from the student’s perspective, nearly one in four high school seniors (24 percent) said they have no idea what career they want to pursue. Of high school seniors who have pinpointed a desired profession, 23 percent said they made their career choice based on something they saw on TV or in a movie.