Operations Management Employment to Improve by 31 Percent in 2017

Gears of Operation

Today we are sharing an excerpt of an article by Apics which focuses on some of the current job market trends for operations management positions and which specific job positions appear to be most in demand.

Operations Management Employment to Improve by 31 Percent in 2017

Findings from the “2016 APICS Operations Management Employment Outlook” report forecast an increased amount of opportunities for individuals in the field. APICS and the University of North Carolina Wilmington’s Cameron School of Business interviewed a random sample of 30,000 industry professionals around the globe to create a joint report providing year-to-year comparisons; trend analysis; and a 12-month outlook on hiring, layoffs, job function, job title, and salary compensation.

The job market for operations management professionals has been steadily improving since the first salary and employment report was released in 2009. Forty-one percent of survey respondents anticipate hiring within the next 12 months, up from 38 percent of survey respondents in the 2014 project. This growth in anticipated hiring pairs with a 3 percent decline in anticipated layoffs, resulting in a significant 31 percent projected net gain for operations management industry employment in 2017.

In addition to overall trends in operations management hiring, the report takes a closer look at five main job specialties within operations management: execution and control of operations, purchasing and customer relationship management (CRM), resource planning, and supply chain management. The Purchasing and CRM specialty is projected to be the most in-demand job area for the next 12 months.

2016 APICS Operations Management Employment Outlook infographic

Salary and compensation data collected in the 2016 survey also continue the positive trends reported in years past. Average annual compensation across all operations management job categories was reported to be $101,644 in 2016, a 3.3 percent increase compared with the 2014 report’s findings.

Respondents who classified their roles as “execution and control of operations” average the highest reported annual compensation. Those who selected “resource planning” as their job classifications are the lowest at $71,329.

Since the first APICS salary survey in 2009, male salaries have consistently outpaced female salaries, mirroring the gender bias found across industries nationwide. In the “2016 APICS Operations Management Employment Outlook,” however, signs of improvement are visible. Females in the US Midwest on average across all age ranges report an 8 percent higher salary than their male counterparts. When the US sample is divided by age and gender, another promising trend toward gender pay equality emerges: Females under the age of 25 are earning 41 percent more than males of the same age. There is still much improvement needed, evidenced by the numbers for the North Central and South East regions. In these parts of the United States, females earn on average 39 and 35 percent, respectively, less than their male counterparts.

According to the data, education makes a difference too. Employees with a bachelor’s degree can expect approximately 30 percent more in total compensation, on average, compared with a similar employee with only a high school diploma. Individuals completing a master of business administration (MBA) degree can expect approximately 11 percent higher compensation, on average, than those with a bachelor’s degree and approximately 44 percent more than those with only a high school diploma. Of those employees with an associate’s or technical degree, women earn approximately 14 percent less than men with the same amount of education. Women with a bachelor’s degree earn 11 percent less than similarly educated men.

To read more of the original article click here.

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Finance Industry Security Trends

Finance Industry

A fantastic article to follow-up on all the Wells Fargo “issues” to put lightly… Financial security must change. Cyber security will hit big. 

Original article click here.

Financial institutions are not new to the game when it comes to facing cyberattacks. In fact, the industry routinely appears near the top of the list of those most frequently targeted by cybercriminals. However, the way in which organizations are being attacked, and the way they’re fending off attacks, is ever changing.

 

Let’s take a look at some of the recent trends in financial services when it comes to cybersecurity. Main points to be discussed include:

 

Government Action

Education within Financial Services Institutions

Cybersecurity Technology

Threat Intelligence

Government Action

Attacks on the financial industry have become a prominent enough threat that state and federal governments are stepping up to the plate when it comes to defense.

 

In fact, we saw New York Governor Andrew Cuomo address cybersecurity in a big way in September as he issued new regulations for financial institutions across the state. The plan comes on the heels of several high-profile breaches, and calls for companies to set up specific programs dedicated to cybersecurity. It also requires organizations to hire chief information officers (CIOs) to help manage defense strategies. The regulations were said to be the first of their kind by any state or federal agency within the United States.

 

Even more recently, the Board of Governors of the Federal Reserve System, the Office of the

 

Comptroller of the Currency, and the Federal Deposit Insurance Corporation announced that they intend to propose rules to help large banks bounce back from attacks. Some of the categories they hope to improve as a result of the rules implementation include cyber risk management, governance, internal dependency management, external dependency management, and incident response.

 

On a global scale, U.S. Sen. Mark R. Warner, a member of the Senate Finance Committee, has advocated for cyberattacks on financial institutions to be a key agenda item at the G-20 summit.

 

These are just a few of the latest government actions being taken with regards to cybersecurity. Each of them shows us that not only are the threats presented by cybercriminals dangerous to individuals and organizations alike, but they now have the full attention of lawmakers.

 

Education within Financial Services Institutions

These recent government activities are just one of the factors that have started many within the financial industry to begin talking seriously about what they can do to better prepare themselves and customers to handle breaches. While the industry continues to expand and improve access to services, many organizations are taking a step back, recognizing and evaluating the threats, and building a plan to address the challenges that can come attached to advancements.

 

“Shadow IT” has been a term that’s grown in popularity as file sharing apps and other collaboration tools are now commonplace in today’s organizations. While IT may not be responsible for managing these applications, they do need to make sure they are secure. As a result, IT teams are proactively investigating what types of cloud technologies are in use so they can better develop and implement security solutions to protect their workforce and customers.

 

While most employees within financial organizations are regularly educated on security, those that are “newly banked” have recently become the center of security education efforts. Individuals with new bank accounts typically have very little knowledge of existing threats, making them likely candidates to be targeted victims of attacks. This has led to organizations establishing a variety of programs, including consumer training, to help individuals manage their accounts and steer clear of red flags when banking.

 

These types of educational efforts are designed to protect both the customer and the bank from being attacked and thereby putting sensitive data in the hands of criminals.

 

Cybersecurity Technology

Across industries, not just within financial services, bring your own device (BYOD) policies are being encouraged among the workforce, and a growing number of organizations are “digitizing” their business models. The digitization is being made possible by embracing the cloud in a number of different forms. While these initiatives improve employee morale and make it easier for them to access enterprise data and systems while on the go, it also creates a much larger attack surface that needs to be protected.

 

While basic IT security protection like firewalls and antivirus solutions used to be enough to keep things buttoned up, the risks now extend far beyond the network’s fundamental perimeter. As a result, organizations have invested in a diverse security solution ecosystem filled with individual platforms and tools. While these individual solutions are critical to protecting against the threats being posed, there is a chance that the big picture can be neglected in the process.

 

With all of this in mind, we are seeing many financial services organizations looking for, and investing in integrated security solutions that allow them to make all the information gathered from the one-off tools they have deployed actionable. Here at Fortinet, we’ve partnered with a number of technology providers, including Brocade, Carbon Black, Centrify, Pulse Secure, Tufin, WhiteHat Security, and more to give customers a more comprehensive view of the threat landscape.

 

Threat Intelligence

With whaling, spear-phishing, ransomware and other attacks making headlines in the financial services industry, timely threat intelligence has become more important than ever. Financial organizations that implement threat intelligence solutions are able to stay ahead of threats and mitigate any damage that may be done. The real challenge, though, is making sense of all the threat intelligence that firms are inundated with – both from their own systems and from third party vendors. Making threat intelligence actionable in a timely manner is critical.

 

It’s very common for today’s organizations to conduct tests and simulations of attacks to evaluate their security capabilities. Additionally, integrated security solutions can help with this process, as IT managers are able to view all data and analysis collected by their suite of tools through a single pane of glass.

 

Final Thoughts

Due to the sensitivity of financial data and its value to cybercriminals, financial organizations will likely remain in the crosshairs. Keeping up with the latest trends and implementing the most up-to-date technologies could make a difference when it comes to cybersecurity.

 

We hope this list of information better prepares your organization to defend.  What recent security trends have you seen in the financial services industry?

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The 25 Highest-Paying Jobs in America for 2016

Highest paying jobs

Who would have guessed? Doctors are still the highest paid profession. Congrats doctors. I would love to see teachers up here some day as well!
If you want to earn the big bucks, you may want to consider practicing medicine or law.

Original article click here.

According to a recent report by Glassdoor, doctors and lawyers are still the nation’s top-earning professionals.

To compile its list of the highest-paying jobs in America in 2016, the job search site analyzed anonymous salary reports from its users.

For a job to make the list, there had to be at least 75 reports on that job submitted over the past year. C-level jobs were excluded from the report.

Here are the 25 best-paying jobs, according to Glassdoor:

1. Physician

Median base salary: $180,000

Not only is this the top-paying job in the U.S., employment for medical doctors is projected to grow 14 percent from 2014 to 2024, twice as fast as the average for all occupations, according to the Bureau of Labor Statistics.


2. Lawyer

Median base salary: $144,500
While pay can vary depending on what type of law you practice, the median salary is high enough to make lawyer the second best-paying job in America. What’s more, Glassdoor’s job listing page shows more than 9,000 openings for this job.

3. R&D manager

Median base salary: $142,120
Research and development managers have a variety of roles that depend on the employer, from improving product design and leading new partnerships to overseeing staff.

4. Software development manager

Median base salary: $132,000
Software development managers develop and oversee the systems behind computer programs. The outlook for this job is bright; it’s expected to grow 17 percent from 2014 to 2024.

5. Pharmacy manager

Median base salary: $130,000
This managerial position usually requires years of experience in addition to a doctoral degree, which all pharmacists are required to have.

6. Strategy manager

Median base salary: $130,000
Strategy managers often oversee a company’s plans to develop partnerships, drive growth and launch new profit-driving initiatives. A bachelor’s degree is required, and some employers also require a master’s, Glassdoor’s listings showed.

7. Software architect

Median base salary: $128,250
Software architects create computer programs and communicate technical plans to company leaders. A bachelor of science degree is usually required.

8. Integrated circuit designer engineer

Median base salary: $127,500
Integrated circuit designer engineers provide electrical design and development support and solve technical hardware problems. Most have a B.S. or Master of Science degree in electrical engineering.

9. IT Manager

Median base salary: $120,000
Information technology managers make sure that all of their company’s equipment, software and networks operate smoothly, and they execute the IT goals of the organization. IT managers usually have a bachelor’s degree in the field along with various technical skills.

10. Solutions architect

Median base salary: $120,000
Solutions architects lead or help in the design of products and projects, but are also heavily involved in the technical side of creating them. Education requirements vary, ranging from a bachelor’s degree in computer systems or information systems to a master’s in engineering or marketing.

11. Engagement manager

Median base salary: $120,000
Engagement managers are responsible for client relationships. The role requires skills in marketing and project management. Software or technical skills can be useful.

12. Applications development manager

Median base salary: $120,000

These managers oversee and improve internal systems and software. A bachelor’s degree and several years of experience in the field is required.

13. Pharmacist

Median base salary: $118,000
Pharmacists are well-paid but can have long hours and may have to work weekend shifts. They must have a doctoral degree to practice.
14. Systems architect

Median base salary: $116,920
These architects build and maintain a company’s databases, software and system coding. A bachelor’s or master’s degree in engineering, computer science or a related field is required.

15. Finance manager

Median base salary: $115,000
Finance managers “produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization,” according to the BLS. They usually have five or more years of experience in finance, accounting or a related field, in addition to a bachelor’s degree.

16. Data scientist

Median base salary: $115,000
Computer and data research scientists solve complex problems in computing. Employment for this job is projected to grow 11 percent from 2014 to 2024, which is faster than the average.

17. Risk manager

Median base salary: $115,000
Risk managers deal with insurance, liability and legal compliance. The job’s function and education requirements vary greatly, depending on the industry.

18. Creative director

Median base salary: $115,000
Creative directors execute new marketing initiatives for a company, leading branding and design. The job requirements vary, but a track record in leadership helps.

19. Actuary

Median base salary: $115,000
Actuaries analyze financial risk and uncertainty. Employment of actuaries is expected to grow a whopping 18 percent from 2014 to 2024, the BLS says.

20. Data architect

Median base salary: $113,000
Data architects create information and technology road maps for a company. The position typically requires technical skills and/or a B.S. in computer science or information systems.

21. Tax manager

Median base salary: $110,000
Tax managers prepare federal and state income tax returns for individuals and businesses. An undergraduate or graduate degree in accounting is required.

22. Product manager

Median base salary: $107,000
These managers are key to an organization’s product development team, helping to ensure new products are delivered on time. Glassdoor reports more than 7,000 open positions for this job.

23. Design manager

Median base salary: $106,500
Design managers are in charge of envisioning and executing a customer or client’s experience with a company. The duties vary widely across industries.

24. Analytics manager

Median base salary: $106,000
This job requires strengths in statistics and data analysis. Glassdoor reports thousands of job openings for this position.

25. Information systems manager

Median base salary: $106,000
This role, while similar to that of an information technology manager, is broader in terms of responsibilities. Information systems managers oversee information however it’s organized.

Bonus Tip!  It’s not always about the money.  Make sure you like what you do!  It’s been said that doing a job that you are good at is more rewarding than sacrificing happiness for money.  Often times, if you are really good at what you do it will lead to financial gains.

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Power Writers USA wants to know what you think of this, and other blog articles we post.  Your career change is unique and PWUSA is here to help you along the way with Resume Writing Services, Cover Letter Writing, CV’s, LinkedIn Profiles Updates, and more.  Contact us now for a free consultation and resume evaluation!