With recession fears mounting, millions of Americans are beginning to wonder if their jobs could weather an economic downturn. PayScale, a provider of salary, benefits and compensation data, recently identified five jobs in five industries it thinks could withstand the inevitable job cuts that come with a recession:
1: Cloud computing: Median Pay $126K
Cloud computing is the on-demand availability of computer system resources, especially data storage and computing power, without direct active management by the user. The term is generally used to describe data centers available to many users over the Internet. Companies such as Amazon, Microsoft and other tech giants will continue to grow in this space and need workers to fill jobs.
2: Artificial intelligence: Median Pay $83.7K
Artificial intelligence (AI) was once considered fodder for science fiction films, but in the present day, the industry is all too real. Payscale notes that there are only about 22,000 qualified AI specialists in the world — and that scarcity is what will insulate workers in the field.
Though often seen by many as most useful in a scientific setting, AI can help businesses find the best candidates for a job by combing through job applications. Now more companies are using biometric fingerprint technology for security and data validation purposes, and AI drives all of that.
3: Cybersecurity: Median Pay $76K
When there’s a ton of cyber data, there is a ton of cyber risk, according to Sudarshan Sampath, director of research at PayScale. The massive data breaches and hacks that have taken place at global companies such as Facebook (FB) and Equifax is proof that this profession is necessary, even during a recession.
4: Big data analytics: Median Pay $99.1K
Big data analytics is an extremely complex field that has a lot of different functions. A data scientist who understands big data analytics is an extremely valuable asset who can mold and shape terabytes of data for needs such as codifying and accessing data, he said.
See LINK for Counselors recent Careers to Consider story on Data Science here: https://view.imirus.com/1167/document/13085/page/60
5: Digital marketing: Median Pay $66.2K
Digital marketing is the marketing of products or services using digital technologies, mainly on the Internet, but also including mobile phones, display advertising, and any other digital media.
Digital marketing is growing very quickly because of the way marketing has evolved. People in the field have to understand how technology works.
Recessions are scary to think about, especially when it comes to job security. However, PayScale says that focusing on skills and not job titles is the name of the game — and can be the difference between employment and unemployment during a recession.
Here is a link to the sourced article on Yahoo Finance: https://www.yahoo.com/finance/news/5-jobs-that-could-weather-a-recession-according-to-pay-scale-191031531.html