Industry + Job Outlook 3 – the strength of biz services, ag + logistics

Assurant's Springfield, Ohio facility

Assurant is the largest private, for-profit business in Springfield with 1700 employees

This is the third in a series of posts about the future job outlook for the Springfield, Ohio community and where the future lies for students.  Its ideas were generated in part in connection with a presentation I made last week to a community input group associated with the Springfield City School district about the future.

Government –> Professional Services (Finance, Insurance, Call Centers)

It used to be the case that all you had to do was get a “good government job.”  It was the same type of thinking that pervaded the automotive industry and many other areas of manufacturing.  Be loyal, show up on time, and put in a hard day’s work, and you were guaranteed a job and a pension.  The same applied to government.  But, I would argue, this is no longer true.  The new “white collar” security, in addition to IT, can be found in the areas of finance and insurance, professional business services.  Tellers, securities + financial service sales agents, and loan officers are expected to increase over 30%.  In Springfield, the following companies are worth note:

Construction –> Agribusiness

Construction was also viewed as a great career.  Solid work, good pay, time on/time off.  When the economy is struggling like it is, many construction companies have laid off and are trying very hard to keep as many employees as they can working.  It’s not that there won’t be any construction jobs; in fact, there will be some growth (6% in Dayton MSA), but I would argue it’s no longer a “no brainer.”  Agribusiness, like healthcare, is a term which encompasses many things – food processing and manufacturing, products and packaging related to food, food distribution, production (farming) and production-related products (e.g., fertilizer).  All these, like healthcare, are not only not going anywhere, they will continue to remain stable and grow.  It will not be outsourced; in fact, both construction and agribusiness won’t be outsourced, but agribusiness has a stronger growth horizon.  It’s also worth noting that the Ohio State University has a research and development center in Clark County as well.

Here are just some of the agribusiness companies growing in the Springfield area in a down economy:

 Law –> Logistics

“Be an attorney or be a doctor.”  This was the mantra when I was growing up.  I’ve covered how healthcare has replaced doctors as a much larger area with more security.  As with physicians, there’s nothing wrong with becoming or wanting to become an attorney.  It’s just that I’m looking at the future and highlighting trends.  One I see that will continue is the rise of logistics.  Logistics, or the ability to get goods from point a to point b, will not go away, and businesses continue to work on how to improve their logisitical systems and reduce the cost of transporting their goods and services.  Springfield, as most know, lies right along I-70 and is very close to I-75, and is, for all intents and purposes, at the “nation’s crossroads.”  We are well positioned.  The numbers in Ohio’s Job Outlook report don’t necessarily support what I’m saying, but let me explain.  “Transportation and material moving occupations” is expected to decline in terms of the number of jobs in the market, but is expected  to have many positions open for people retiring.  Average wage is $15.00 per hour.  Truck drivers, who make $20.00 per hour on average, will be one of the fastest growing professions (in the Dayton MSA).  In addition, there will be opportunities for higher-level logistics specialists or “engineers”.  OSU recently established a Master’s Degree in Business Logistics Engineering, and Wright-Patterson Air Force Base’s Air Force Institute of Technology offers a Master of Science in Logistics Management.  Several companies are located and several projects have occurred in the region recently worth noting:

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One Response

  1. at the “nation’s crossroads.” We are well positioned. The numbers in Ohio’s Job Outlook report don’t necessarily support what I’m saying, but let me explain. “Transportation and material moving occupations” is expected to decline in terms of the number of jobs in the market, but is expected to have many positions open for people retiring. Average wage is $15.00 per hour. Truck driversOne I see that will continue is the rise of logistics. Logistics, or the ability to get goods from point a to point b, will not go away, and businesses continue to work on how to improve their logisitical systems and reduce the cost of transporting their goods and services. Springfield, as most know, lies right along I-70 and is very close to I-75, and is, for all intents and purposes, ,

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