Apply for In-demand Jobs In These 5 Strong Sectors

As a career professional, you may have asked this. "Is my industry among the strong sectors?" This could remain the same for those in search of a new opportunity. While the entire workforce is still recovering from the impacts of the pandemic, there are areas that remain resilient. 

The question that remains to be answered now is, "What are these sectors and where can I find them?" Before we explore such, we have to take a look at the workforce today.

The workforce today: recovery is key

The focus of most industries now is to execute their recovery plans. After numerous shifts in alert levels and quarantine categories, companies are gradually moving forward post-pandemic. Despite that fact, it may take some time for certain sectors to bounce back. 

Let us take for instance the tourism industry, the most hard-hit at 68% according to JobStreet's Decoding Global Talent report. Within that percentage, there was an equal number of layoffs and decreased working time to compensate. Even if they open their doors to accept guests, it would still take a certain number to break even. 

On top of that, 36% of the entire workforce are still feeling the effects of slow business. Media (44%), professional services (41%), and construction services (40%) follow as the top most impacted. But even then, there still remains a hopeful 14%. Such a chunk of individuals has found an increased working time and are in demand for work. 

If you are looking for work right now, you might want to consider growing your career in these industries. To help future-proof your career even through trying times, update your JobStreet profile now and search for these resilient jobs in strong sectors.

What are the strong sectors today?

On the other side of the fence, there are several industries that remain unwavered despite the situation. What do they all have in common? Let us find out by taking a look at five of these industries now. 

1. Life Insurance

What makes this sector resilient: Future-facing

There is a reason why insurance companies have lasted throughout any rise and fall of an economy. This is because of their constant focus on the long term, and COVID-19 has highlighted that even further. According to the Insurance Commission (IC), life insurers' sales grew by 5.9 percent in 2020. Professionals help plan for their clients' future ahead. 

How is this useful? When plan members face illnesses of any kind, they have the financial means to cover the costs. Even before the pandemic, the Insurance Commission (IC) has noted that "Filipinos are getting more conscious of their health and well-being." Such proof has been reflected in the increase of plan renewals and sales. 

That is why they remain unfazed at 23% and are one of the most future-proof industries out there today. What is even better is that anyone can be an insurance agent. While your company will make you undergo training, you can achieve your goals with sales know-how.

Check out life insurance opportunities here.

2. Finance and Banking

What makes this sector resilient: Financial stability

With talks about planning the future, saving is a core component. The finance and banking industry in the Philippines saw an upward trend, even during the pandemic. The rise of fintechs most especially saw the combination of digitalization and banking. Such a trend pushed traditional institutions to rethink their strategies. 

Such revamped strategies include making banking more accessible. This was one of the observations Deloitte pointed out in their retail banking study. It is not enough for professionals in this industry to be the middleman for transactions. Clients nowadays seek professional advice on how to manage their money wisely. 

But what is great about this industry is that the net of opportunities is cast wide. There are so many deviations the banking workforce has made available. Such include IT, management, and marketing. 

If you are already in retail banking, find out how you can further boost your skills.

3. Digitalization and Technology

What makes this sector resilient: Adaptability

There is an old saying that goes, "If you can't beat "˜em, join "˜em." Immerse yourself in the industry of technology today, the heartbeat of the workforce. With the shift to a digital workspace, the demands of tech-based jobs have increased tenfold. 

On top of that, they sit at 17%, the lowest impacted industry in the country. They also have not suffered an income loss and have even increased the number of working hours. Investing in a future rooted in technology can even hasten recovery, according to the World Bank. This means that we will highly have to depend on tech to help us get through the post-pandemic future. 

4. Science and Research

What makes this sector resilient: Reliability

As the world shifts to a post-pandemic reality, the urge to transition smoothly is needed. Enter the Science and Research industry. Their professionals have been working back-to-back hours alongside healthcare to ensure a safe push forward. 

If you took up a science course in college or have a degree in science, now is a great time to put it into practice. The pandemic highlighted the need for people working in science and research roles. 

While the demand for healthcare frontliners have increased, pharmaceutical companies also need scientists. They can do advanced research in finding a cure to end the current pandemic and prepare for future ones.

Not only do their employers give good benefits and compensation, but pharma research creates a positive impact. They do this by finding the next cure or solution to combat diseases of any kind.

Check out Science and Research opportunities here.

5. Healthcare

What makes this sector resilient: Accessibility

This industry has always been important. They are the healers of the community, the ones who nurse people back to health. But the pandemic has highlighted the vital roles they play in society even more. 

Amidst the exponential rise of cases, hospitals filled up quickly to the point of being unable to service. The lack of manpower despite their populated abundance speaks volumes about the rising demand. 

If you are a health science graduate (or equivalent), this is the industry for you. Like the other industries, this field has a lot of deviations. You can be a nurse, doctor, and a caregiver, to name a few. The list goes on. But what do they all have in common? You get the opportunity to save lives each and every day. 

Check out healthcare opportunities here. 

Can I apply for job openings outside my specialization or industry? 

If you are shifting out of your industry, trying something completely different could be daunting. But the opportunities the pandemic has created is to have professionals upskill and retrain. 

But according to JobStreet's report, Filipino employees are willing to retrain for different job roles or industries. Such a reason is an effect of staying competitive in the job market. Whether or not there is job insecurity, 77% of the respondents say that they are willing to retrain in any case. For those working in management roles, as much as 84% of the respondents say that they are willing to upskill. 

As the country (and the world) moves forward, you can too. The entire job circuit may still be in recovery now, but they will eventually bounce back. Knowing this will help you greatly along with the fact that there will always be a place for you.

Find the #JobsThatMatter on JobStreet and update your profile then search jobs. 

The more you search, the more JobStreet understands your needs, so you can find the perfect match to fulfill you professionally and personally. 

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