3 Key Insights in Professional Services Employment

professional services jobs 2019
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Overview

Transformation: the buzzword you see everywhere. As technology becomes embedded in everything we do, it is imperative for industries to keep up. This is creating a veritable new world of employment and learning opportunities for jobseekers. For those currently working in or seeking to transition to jobs in the professional services realm, this is great news: this industry is one of the fastest to adapt to technological transformation. Current workers are ahead of the pack technologically, and those seeking a job in this industry will have ample opportunity to learn in an already digitally sophisticated environment.

Given the universal shift toward tech-focused and tech-enabled businesses, it should come as no surprise that professional and business services are expected to explode in the near future, having added an average of 34,000 new jobs monthly in 2019 with an anticipated 11% job growth by 2026. With an industry undergoing such consistent growth, it’s a fantastic time to start considering a transition – here are a few things you should know before you make the leap.

Key Factors in Future Professional & Business Services Employment

  • Professional & Business Services are undergoing a radical shift. While already a successful industry, netting almost $2 trillion in revenue across 2018, there are some major factors changing and improving the field. Globalization, personalization, the continuous development of new or adapted business models, demands from a new generation of digital natives, and growing competition from around the world with a wellspring of virtual consultancies cropping up all suggest huge evolutions in professional services as companies seek to minimize costs while improving their offerings.
  • The gig economy is bearing fruit. The gig economy has proven a huge boon for professional services as the industry grows, streamlining the relationship between service-seekers, contractors, and PSOs. There are some concerns to this – particularly, the erosion of access to benefits associated with a traditional employment model – but it has aided in the delivery of a lower-cost talent system while new platforms have improved both skills transparency and corresponding pay levels.
  • Transformation is already rampant, but there is plenty of room to grow. While the professional & business services industry is already one of the fastest to transform, new technologies are constantly springing up to address issues from big data and forecasting to automation and cybersecurity. The industry is rife both for new methods of approaching old roles, and growing roles addressing the adaptation and management of new technologies.

Current Hiring Trends

If you’re a jobseeker in the professional & business services industry, be excited. Traditional professional & business services remain strong options, with the industry undergoing a skills shortage, and new trends in globalization and transformation you can expect to see huge growth both in position diversity and business focus. We’ve compiled the current top jobs in professional & business services so you can begin your search – but keep your eyes open for big changes.

Current Hiring Trends in Professional & Business Services
based on search volume

Metro Area Trends

As you might expect, professional & business services jobs are largely concentrated in the business-centric metropolitan areas that dominate the American market. The highest number of job postings can be found in the following areas:

  • New York-Newark-Jersey City
  • Chicago-Naperville-Elgin
  • Los Angeles-Long Beach-Anaheim
  • Washington-Arlington-Alexandria
  • Boston-Cambridge-Newton

Curious about jobs in the industry? Sign up for your personalized job postings with Lensa today.



Lensa has been collecting hiring trend data since 2015, tracking over 100 million job postings and 9 million users, and we’re ready to bring that information to you through Lensa Trends.
Blog post expiration date: March 1, 2020

Paige Richmond

Paige Richmond

Paige is a Silicon Valley native who has spent the last five years based in Budapest, Hungary. After finishing her M.A. in Medieval Studies, she spent three years producing leading global HR tech conferences and building their startup product, working closely with talent industry influencers and leading practitioners. She is now a full-time content and copywriting professional.

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