CEO Positions in the U.S. Forecast to be Fewer

In the U.S., the role of CEO is among the top 10 high-paying occupations with little future prospects, says CBS’ website MoneyWatch. Mergers and streamlining will make the climb to the top of the corporate ladder increasingly difficult, as corporate strategy trends are driving companies to combine workforces and eliminate jobs.  

MoneyWatch, which derived its projections from the U.S. Bureau of Labor Statistics’ (BLS) Occupational Outlook Handbook 2010-2011, cites that their shortlist of the top 10 disappearing jobs is a forecast of surprising job categories whose numbers are projected to shrink in the coming years, or experience extremely slow growth.
CEO candidates fluent in at least two languages would have an advantage in obtaining the position, says Patricia Tate of the BLS.
Separately, the New York Times has noted that the bleak outlook for the overall job market in the U.S. and Europe may be driving job seekers to Asia, thus leading to competition for local jobs. The recruiting firm Ambition has estimated that the number of influx of general job seekers moving from the United States and Europe to Hong Kong has risen 20 to 30 per cent since 2008. Meanwhile, at eFinancialCareers, applications for positions based in Singapore and Hong Kong have risen by nearly 50 per cent in the last year, says the firm’s Asia-Pacific chief, George McFerran.

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