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WHAT'S HOT?

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8 Hot New Jobs

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In this economy, pricing jobs according to market data is crucial to attracting and retaining talent, and these hot new jobs, identified by PayScale, prove the truth of that. If you were pricing these new and highly specialized jobs according to general economic trends, you would most definitely lose the war on this talent pool. These hot jobs will need to be paid a market premium, over and above the market rate for similar positions in your organization.

The following 8 premium positions are more valuable now than they were five years ago, scored by a combined factor of projected growth and pay:

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PayScale Data and Methodology behind this:

2010-2020 Projected Growth: This is the forecasted growth from The Bureau of Labor Statistics for the job’s overall job family for the period from 2010-2020.

Relative Experienced Median Pay: The median of Total Cash Compensation for the specific job title based upon how many years experience most people in the sample for the occupation tend to have.

Total Cash Compensation (TCC): TCC combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, and other forms of cash earnings, as applicable. It does not include equity (stock) compensation, cash value of retirement benefits, or value of other non-cash benefits (e.g., healthcare). 

Notes:

When creating a score for each of the factors involved we take the factor in hand and divide it by the average of all jobs. The final score is then determined by multiplying all the scores together and listing them from largest to smallest.

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