If you are looking for a career move in real estate, becoming a part of the REIT can be smart! Considering the trend of shifting to this field is growing quickly, people are often googling the top 10 best-paying jobs in real estate investment trusts.
Therfore, in case you are someone who is also looking for this, I have you covered! So, keep reading this blog until the end to learn more, and thank me later…
What are Real Estate Investment Trusts?
Real estate investment trusts, or REITs, own portfolios of properties supported by institutional and personal investors.
A common mechanism for this is real estate investment trusts (REITs), which can own lengthy physical assets (like office buildings and shopping centers) and derive revenue through the collection of rent or lease payments.
These businesses create an option for investors to own an actual piece of equity, enabling them to buy stock without having to put up large amounts of capital or assume the responsibilities of ownership.
To put it simply, REITs are a form of public real estate entity that allows for a wide variety of jobs in real estate investment and management for either the residential, industrial, or commercial sectors.
Types of REITs and Career Opportunities
Real Estate Investment Trusts (REITs) are like massive sling pouches of different categories of properties. Like many kinds of fruits, REITs can be invested in different sectors.
These commercial properties would include office buildings where people work or shopping malls where we go shopping. Some additional examples are healthcare facilities, such as hospitals or nursing homes, where people go to receive medical care.
As we know, not all REITs are created equal. They are like ice cream flavors; they still have different tastes. For instance,
Equity REITs are companies that own/manage properties and get paid rent from tenants.
Mortgage REITs either loan money for mortgages or invest in existing mortgages.
Hybrid REITs do a little bit of both.
There is a wide range of occupations that you can accomplish, which makes this variety amazing.
Deal-making is a great fit for an Acquisitions Specialist who searches for new properties to purchase. Moreover, if you have strong numerical skills, you may work as a financial analyst, determining whether those properties are worth the money.
Or, if you have an environmental conscience, you might work as a sustainability manager who promotes green building practices.
REITs present a plethora of chances for lucrative employment. Therefore, in the broad and fascinating world of real estate investment trusts, there’s a place for you whether your forte is building management, spreadsheet crunching, or environmental compliance.
Benefits of Working for REITs
So, now you know about what REITs are and how they operate. But will you have benefits working in this sector? ABSOLUTELY!
There are several pros and cons to a career in Real Estate. However, things are a little different when it comes to REITs. Here are some of the reasons why working for Real Estate Investment Trusts can be a great career move:
1. Good Pay: REITs frequently provide competitive pay. You should anticipate receiving a respectable salary, incentives, and other benefits.
2. Variety of Roles: REITs offer jobs in marketing, law, finance, and other fields. They require a wide range of skills to manage investments and assets.
3. Growth Opportunities: REITs offer the ability to advance your career through various divisions and locations. You can begin in a little capacity and progress to a larger one.
4. Security and Stability: REITs’ primary emphasis is on generating stable cash flow, as they are obligated to distribute the majority of their revenue to shareholders.
5. Diversification: You work with various property types in REITs, such as shopping centers and hospitals. It is about managing assets that people use daily, not only about selling properties.
6. Professional Management: You will collaborate with knowledgeable managers who handle the day-to-day difficulties associated with property management. Additionally, you will have less tension as a result.
7. Passive Income: You can receive dividend payments if you invest in the REIT where you are employed. It’s similar to receiving a bonus for joining the group.
8. Learning Curve: REIT employees must constantly learn new things since the real estate industry is continuously shifting. This keeps their abilities current and their work exciting.
Due to the expansion of the real estate market, the need for managers of additional buildings and projects is growing. This increase generates many new jobs for those interested in REITs.
Additionally, REITs own various properties, including retail centers, housing, and offices. This is a reason why real estate factors into business decisions. Because of the variety, you can find a job in finance, management, or another field that best suits your skills.
Moreover, it’s not only about landing a job when working with REITs; it’s about developing a career. Over time, there are opportunities to handle larger projects, assume more responsibility, and advance into higher positions.
Furthermore, because of the industry’s continuous growth, there is a significant demand for REIT specialists. Increased investor interest in REITs also creates additional job opportunities.
Top 10 Best Paying Jobs in Real Estate Investment Trusts in 2024!
Real Estate Investment Trusts (REITs) are a fundamental part of the real estate sector, allowing investors (individuals) to earn a share of the income produced through commercial real estate ownership.
A REIT offers similar diversity and can pay life-changing income in some roles. Wondering what the top jobs in this field pay the most? I have you covered!
The top 10 high-paying jobs in real estate investment trusts in 2024 are as follows:
1. REIT Chief Executive Officer (CEO)
Firstly, the CEO sets the strategic direction for a REIT and is in charge of overseeing the company’s resources, general operations, and important business decisions. Besides, because of the extensive skill set and heavy obligations, the CEO position in a REIT is the highest-paying one.
2. Portfolio Manager
Secondly, portfolio managers decide which properties to buy and sell, and they develop the REIT’s investment strategy. The REIT’s financial stability depends on its proficiency in market analysis and investment strategy, which makes it one of the highest-paying positions in the sector.
3. Real Estate Attorney
Thirdly, we have real estate attorneys. You must have heard of law firms helping companies with their real estate issues. These lawyers, who focus on real estate law, deal with complicated transactions, zoning conflicts, and disputes. Their high salaries result from their legal competence, guaranteeing that all transactions are legal and compliant.
4. Property Appraiser
An appraiser’s evaluation of a property’s value is crucial in a REIT. Their assessments impact investment choices and are necessary for truthful financial reporting. Additionally, they are extremely useful due to their specialist understanding of real estate valuation.
5. Investor Relations Manager
These experts cultivate and preserve connections with analysts and shareholders. They also provide financial data and business plans, which are crucial for a REIT’s reputation and investor trust.
6. Asset Manager
The performance of the investment portfolio is monitored by asset managers. Furthermore, they seek to optimize property values and investment returns by making calculated choices on upkeep and improvements.
7. Financial Analyst
Financial analysts closely examine corporate fundamentals, economic situations, and market movements. Their observations guide REITs’ investment decisions, making their role indispensable for financial planning and analysis.
8. Acquisitions Director
Finding and negotiating the purchase of properties are part of this profession. Furthermore. acquisition directors must be skilled negotiators who can find great investment opportunities and get them at the cheapest price.
9. Leasing Manager
The leasing managers guarantee that the buildings in the REIT’s portfolio are leased to dependable tenants at the best possible rates. Besides, their role directly impacts the REIT’s revenue sources.
10. Sustainability Manager
Lastly, sustainability managers are becoming increasingly important as the sector shifts to environmentally friendly methods. Moreover, they implement plans to make properties more eco-friendly, which can save money and ensure that rules governing the environment are followed.
Wrapping It Up!
In conclusion, the real estate investment trust sector offers a variety of lucrative career paths. The roles mentioned above are not only the best paying but also integral to the success and growth of any REIT.
Furthermore, as the industry evolves, these positions may adapt, but the essence of their contribution to a REIT’s success remains significant.
If you are searching for the top 10 best-paying jobs in real estate investment trusts, I hope that this blog has helped you. If you have any other queries, please let me know. All you need to do is scroll down until you reach the bottom of the page. Then, leave your comments and queries in the box below. I will be there to answer them all for you!
Ankita Tripathy loves to write about food and the Hallyu Wave in particular. During her free time, she enjoys looking at the sky or reading books while sipping a cup of hot coffee. Her favourite niches are food, music, lifestyle, travel, and Korean Pop music and drama.
The value of trade occupations is rising in the contemporary dynamic labour market. Tradespeople are launching lucrative careers by fusing their practical skills with technical know-how. If you want to pursue a rewarding job without a four-year degree, you're in luck.
I've included a list of the best-paying jobs in the trades for 2024 in this blog. So, if that's what you've been looking for, your search has come to an end! Therefore, read this blog all the way through to the very end.
What are Trade Jobs?
A trade job is a particular type of work that often requires manual labor or practical skills and requires certain competencies.
Besides, these are not the most dangerous jobs in the world. Compared to positions requiring a four-year college degree, trade jobs typically require less training, such as an apprenticeship, a vocational school, or on-the-job experience.
Among them are electricians, plumbers, carpenters, and welders. Additionally, these jobs are essential because they focus on certain skills that are in great demand across multiple industries.
People in trade jobs build our homes, keep our water running, fix our electrical problems, and keep our cars safe to drive. Moreover, they are practical professionals who use tools and knowledge to solve problems in the real world.
Because trade occupations demand specific skills, they are often well-paid and known for their steadiness.
In addition, a lot of trade occupations allow for self-employment, which allows employees to select their own projects and set their own terms of employment.
To put it briefly, trade jobs require the mastery of a certain set of abilities to carry out necessary tasks that maintain the smooth operation of the economy and our everyday lives.
Therefore, all of them revolve around utilizing your hands, applying your knowledge, and witnessing the tangible fruits of your labor.
Career in Trade: Why You Should Give it a Shot!
Now that you know what trade jobs are, you might be thinking about whether you should be in this field or not. “Are there any benefits of being in trade jobs?”
Trust me, mate: You are not the only one thinking about this. Trade jobs provide a useful and fulfilling substitute for the conventional college path.
According to Forbes, “Skilled trades offer ample opportunities for career growth and high earning potential. Demand for skilled trade workers is steady, with the U.S. Bureau of Labor Statistics (BLS) projecting that overall employment growth for construction and extraction occupations will keep pace with the average projected growth rate of 3% for all U.S. jobs from 2022 to 2032.”
Moreover, they provide a more rapid route to employment, reduced debt, competitive salary, job security, and the opportunity to actually change the world.
Benefits of Trade Jobs
For individuals who wish to advance without devoting years to school, it's a wise decision. Here are some of the benefits of working in this field:
Quick Start: Trade positions frequently only take a few months to two years of training, as opposed to careers that require years of study. This implies that you can begin working and making money much faster.
Less Debt: Compared to typical four-year institutions, trade schools are less expensive. Moreover, you can thus avoid taking on large student debts and save a ton of money on college.
Good Pay: Trade occupations often pay well, offering you the opportunity to make a stable living. Some of them can be low-stress jobs!
Job Security: Tradespeople mend pipes and wire homes, among other things we all require. Besides, there is always a need for these jobs because they cannot be exported or replaced by robots.
Career Growth: In the trades, you can move up the career ladder fast because there is less competition and a constant need for qualified labor.
Hands-On Work: Trade employment provides such gratification if you prefer to see the consequences of your labor. Furthermore, you get to directly enhance people's lives while working with your hands.
Independence: You can choose your projects, work for yourself, and have the flexibility of self-employment in many trades.
Physical Activity: It's excellent for your health to work a trade that keeps you in shape and active.
Variety: The deals are different every day. Your workplace will remain engaging as you take on new difficulties and find solutions to unusual issues.
Making a Difference: Craftspeople are essential to the construction and upkeep of our society's infrastructure. Your tradesmanship has a significant effect on the neighbourhood.
Best Paying Jobs in the Trades in 2024!
So, let us focus on the thing that you have been searching for: what are the best paying jobs in the trades in 2024?
The jobs in his field range from dental hygienist to aircraft mechanic. But really, which one should you opt for? Which of these gave the highest salary?
Here are the top fifteen jobs in the field that are among the best paying jobs in the trades:
1. Ultrasonographer
Average Salary: $131,161/year
Firstly, a medical practitioner called an ultrasonographer uses a specialized device to produce photographs of the insides of your body. In other words, it's similar to shooting a picture using sound waves so that medical professionals may examine your organs and look for any problems.
Additionally, in terms of medical diagnosis and therapy, they are crucial. High-frequency sound waves are utilized to obtain real-time images from inside the body. This important position has a 10% job growth rate and calls for an associate's degree.
2. Respiratory Therapist
Average Salary: $104,437/year
Secondly, a medical professional who assists patients with breathing is known as a respiratory therapist. They assist individuals with respiratory conditions like asthma.
Furthermore, they help patients breathe and feel better by using various devices and medications. It's a profession that significantly improves people's health. With a 13% growth rate, this is undoubtedly a position you should consider!
3. Dental Hygienist
Average Salary: $99,013/year
Thirdly, we have a dental hygienist. Who are they? An expert in maintaining the health and cleanliness of your teeth is a dental hygienist. They clean teeth, look for gum disease, and provide you advice on how to take care of your teeth at home while working at a dentist's office.
Besides, everything comes down to making you look fantastic! And guess what: you can enter this 7% growth field with an associate's degree.
4. Construction Manager
Average Salary: $88,319/year
Fourthly, a construction manager is comparable to the site supervisor. To make sure everything runs smoothly and is completed on schedule, they organize and supervise the building activity.
Furthermore, they oversee the project and the workers, ensuring that the structure is well-built and safe. They guarantee the safe and effective completion of projects. Additionally, there has been a 5% growth rate in this career due to the construction boom.
5. Aircraft Mechanic
Average Salary: $82,476/year
The next one on this list is a person who fixes and maintains aircraft to ensure their safety while in flight. They are known as aircraft mechanics. They use instruments and expertise to inspect and fix various aircraft parts, much like doctors do for hospitals.
In other words, aircraft mechanics maintain the safe flying of aircraft. Additionally, it is a position that ensures the safe and efficient operation of airplanes. They are vital to the aviation sector, which is experiencing a 4% increase in employment, although they do require specific training.
6. Cable Technician
Average Salary: $70,714/year
The next one on this list is a cable technician. These people are the unsung heroes who keep us connected. It is a person who installs and maintains the wires that provide us internet and television. They guarantee that we can browse the internet and watch our favorite shows.
Additionally, they are the ones that maintain our connection to the outside world and all of its knowledge and enjoyment. Moreover, with a 6% growth rate, their proficiency in establishing and maintaining cable networks is highly sought after.
7. Industrial Mechanic
Average Salary: $69,637/year
Industrial mechanics maintain the smooth operation of machines. A competent worker who fixes and maintains large machinery in factories is known as an industrial mechanic.
Additionally, they maintain the machinery to ensure that the factory can continue producing goods. They have a 13% job growth rate and are essential to manufacturing
8. Solar Installer
Average Salary: $69,422/year
Solar installers are at the forefront of the green energy revolution. Solar installation is the process of mounting solar panels on roofs to capture sunlight and turn it into electricity. Additionally, they make it easier for people to power homes and buildings with solar energy.
Therefore, we can say that it's a career that benefits the environment and helps with the increasing use of sustainable energy. Moreover, this industry is expanding at an incredible rate of 22% for job growth.
9. Real Estate Appraiser
Average Salary: $64,075/year
Lastly, we have real estate appraisers who determine property valuations. A real estate appraiser determines the value of a property, such as a home or piece of land. To determine a reasonable price, they inspect the property and evaluate it against others.
Additionally, when someone wants to purchase, sell, or take out a loan secured by real estate, this is helpful. They have a 5% job growth rate and are important to the housing industry.
Other Jobs in Trades That Pays Well!
Did you think that the list is over? Not so soon, darling! Here are some additional job roles that you might want to take a look at:
10. Electrician
Firstly, electricians light up our world. They're in constant demand for installation and maintenance work, with a 6% job growth rate. Their mean salary is $62,739/year. If you have been thinking of becoming an electrician, now is a good time!
11. Licensed Practice Nurse (LPN)
Secondly, we have a Licensed Practice Nurse or LPN. They have an average annual salary of $59,125. LPNs provide essential nursing care. They are the backbone of the healthcare system and have a 5% job growth rate.
12. Wind Turbine Technician
Wind turbine technicians use wind power. They earn an average annual salary of $58,005 and work in a sector where employment is growing at an astounding 45%.
13. Elevator Mechanic
The average salary for an elevator technician is $99,000 per year. Elevator mechanics facilitate our easy vertical movement. Their knowledge of urban development is well appreciated.
14. Nuclear Medicine Technologist
The average salary for a nuclear medicine technician is $85,300 annually. The hidden backbone of contemporary diagnostics is nuclear medicine technologists. They employ radioactive materials for therapeutic and imaging purposes.
15. Radiation Therapist
Lastly, radiation therapists use targeted treatment to combat cancer. They work in a developing sector and provide patients with focused radiation therapy. They have an average annual salary of $89,530.
Wrapping It Up!
In case you were in search of the best paying jobs in the trades, I hope that this blog has been of help to you, if there are any other questions that you might have related to the same, please feel free to let me know.
All that you need to do is scroll down till you reach the bottom of the page. Then, leave your questions and suggestions in the box below. And I will be there to answer them all for you!
Additional Reading:
Top Career Opportunities In Operations Management
What Role Does Career Counselling Play In Shaping Teenagers’ Goals?
51 Blue Collar Jobs/Career Options to Pursue If You Get Laid Off From Big Tech In 2024
Imagine this: you have been working in a big tech company for years. You are an experienced professional with great qualifications. Suddenly, one fine day you get to know after reaching your office or through a mail that the company has decided to lay you off!
If this hypothetical scenario has given you a deja vu, then welcome to reality! You are not the only one who has gone through this.
After the hiring spree that the tech industry went through during the pandemic, they are now resorting to mass layoffs.
Now, naturally, these experienced individuals are now in search of other career options and job opportunities. Additionally, they both men and women are even considering entering the blue collar industry to earn their livelihood.
However, which field should you go to? What to do next? If these are some of the things that you have been searching for, then I have you covered! Therefore, keep on reading this blog till the end to learn more…
The Saga of Big Tech Layoffs?
Large number of significant companies like Microsoft, Amazon, and Google have been terminating workers for a variety of reasons in recent years.
As I have already mentioned, due to people working from home and doing online shopping during the pandemic, there was an unexpected demand for digital services. To accommodate this need, tech companies soon hired a large number of workers.
For instance, in order to accommodate additional people, Google extended its video conferencing offerings. Now that things are getting back to normal, there is a stable demand for these services, which means businesses don't require as many personnel.
The world economy is changing. Money is moving less freely, and investors are being more frugal with their investments. Thus, there is pressure on tech companies to reduce their spending and increase their efficiency.
And what does this mean? Lay offs!
Investors are looking for tech companies to grow quickly. They pressure businesses to reduce expenses when growth slows, which frequently results in layoffs. They want businesses to eliminate anything that isn't absolutely necessary and concentrate on the most vital projects.
Employers may fire workers because other employers are doing the same thing. Even though it's not the ideal choice, it's like a trend that gains traction. This phenomenon is known as "social contagion," and it may result in needless layoffs.
“The job cuts surpassed 150,000 in 2022 and continue in 2023, with over 13,900 new ones as of March,” according to 365 Data Science.
Tech companies are constantly striving to maintain their competitive edge. They may need to rearrange their teams in order to do this and concentrate on the most important tasks. As a result, employment may be eliminated when the business attempts to simplify its processes.
What are Blue Collared Jobs?
Blue-collar jobs are those that usually require specialized trades or manual labor. These are the types of jobs, such as factory worker, mechanic, or electrician, where employees may wear protective clothes or a uniform.
There has been a discernible trend in favour of these positions recently. Let me tell you why, in case you were wondering: there are a number of reasons!
First and foremost, physical strength is no longer sufficient for blue-collar jobs due to technological advancements. Today's workforce is more competent and specialized since they must learn to use sophisticated machinery and adjust to new technologies.
Apart from this, the world economy is always evolving. There are more blue-collar occupations like manufacturing and construction in some areas due to the increased demand for commodities and construction.
Additionally, particularly in hard economic times, a lot of individuals believe that jobs in the blue collar sector are safer. These positions offer a certain amount of job stability because they are less susceptible to automation or outsourcing than some office jobs.
Vocational education and training, on the other hand, that prepares individuals for careers in the blue-collar industries is on the rise. People can more easily acquire the skills required for these employment as a result of this.
Lastly, certain blue-collar jobs pay exceptionally well, particularly if they call for a particular skill set. The opportunity for earning a good salary rises with the demand for certain skills.
All these are the reasons why the perception of manual labour is evolving. It is now viewed as a realistic career path with prospects for progress and fulfilment rather than a last resort.
Why are People Shifting to Blue Collar Jobs After Tech Lay Offs?
The shift from white-collar tech jobs to blue-collar work is influenced by several factors. During economic downturns, tech companies often reduce their workforce to cut costs, leading to layoffs.
These layoffs can prompt former tech employees to seek more stable employment opportunities, and blue-collar jobs can offer that stability.
Blue-collar jobs are less susceptible to automation and outsourcing compared to some tech positions. Trades like electricians, plumbers, and mechanics provide essential services that require a physical presence and can't be easily replaced by technology.
Additionally, there's a growing appreciation for the skilled labour involved in these trades, which can also offer competitive salaries.
The rise of e-commerce and online services has also increased demand for blue-collar workers in logistics, warehousing, and transportation.
Moreover, with the focus on sustainability and renewable energy, jobs like solar panel installers and wind turbine technicians are becoming more prevalent and lucrative.
For those laid off from tech, retraining for blue-collar work can be a pathway to a new career. Vocational schools and community colleges offer programs to quickly learn the necessary skills, making the transition feasible.
The combination of job security, competitive pay, and the satisfaction of hands-on work makes blue-collar jobs an attractive option for many, especially people after getting laid off from big tech companies.
Are Blue Collared Jobs a Good Career Path?
According to most experts, professions in blue-collar employment can be quite fulfilling, especially in the current period. Demand and salaries for these jobs have been rising, according to the Bureau of Labor Statistics (BLS).
The BLS reports that the average hourly salary for blue-collar employment has increased. In 2022, the average hourly wage for jobs in the construction and extraction industries, for example, was $21.38 for intermediate-level workers and $38.45 for experienced workers. This illustrates how experience can lead to a significant boost in a worker's income.
The manufacturing, mining, construction, and logging industries are examples of blue-collar businesses that are vital to the economy. The BLS monitors employment growth in these industries, suggesting a consistent need for blue-collar workers.
The number of new jobs anticipated over the next ten years is also disclosed by the BLS. These forecasts frequently include blue-collar jobs, indicating that they will remain a source of employment prospects.
Because of technological improvements, blue-collar professions increasingly require a combination of technical abilities and physical labour. This combination may open up more profitable and specialized employment options.
Blue-collar employment comes in a variety of forms, ranging from more conventional occupations like electricians and plumbers to more contemporary roles utilizing cutting-edge gear. Because of this diversity, there are numerous career options in the blue-collar industry.
Additionally, the average wages of blue collar jobs have increased since 1990. “Not only does it reflect potential improvements in the quality of life and purchasing power among the blue-collar demographic, but it also indicates possible shifts in the societal value placed on skilled manual labour over the past few decades,” according to Gitnux.
How Many Jobs are Available in Blue Collared Industry?
Now that you are aware of what blue collared jobs are and why has there been a rise in the number of these jobs, it is time for you to know how many jobs are available in this field.
When it comes to the United States, we can see that the number of vacancies in this field has increased rapidly over the past few years.
For instance, the manufacturing industry, which is a key blue collar sector, employed near about 12.1 million people in the year 2020. This sector is popular for producing goods. Since the beginning of this industry, the manufacturing sector has been providing employment to a sizable workforce.
Between 2016 and 2019, the number of manufacturing jobs in the US increased by 454,000. Manufacturing jobs make up a large portion of the blue-collar employment sector. Therefore, this growth implies that manpower is required in this industry.
Additionally, in 2019, almost 16% of all blue-collar workers in the US were employed in the construction industry. This is yet another widely popular blue collar sector.
Now, according to several reports, there is a scarcity of the blue collar workers in the industry. This deficit is expected to persist until at least 2030.
Because of this shortage, there are more job openings in these areas than there are workers, which is helpful for people looking for work in these sectors.
A research suggests that there may be 2.4 million unfilled manufacturing jobs in the US between 2018 and 2028. This suggests that the blue-collar sector has a large number of available jobs.
Best Blue Collar Jobs to Take After Getting Laid Off from Big Tech Companies
If you are planning to get a complete career switch, and do something else that also comes with stability and its own share of benefits, it is time for you to think about getting into blue collared jobs!
Wondering which ones to choose? I have you sorted!
Here is a complete list of some of the best blue collar jobs that you can try if your big tech company had laid you off!
1. Electrician
Electricians install, maintain, and repair electrical power systems in homes and businesses.
Average Salary: $56,900
Skill Set: Electrical knowledge, problem-solving, safety awareness.
2. Plumber
Plumbers work on piping systems for water, gas, and waste, ensuring they are functional and leak-free.
Average Salary: $55,160
Skill Set: Manual dexterity, understanding of plumbing systems, and customer service.
3. Welder
Welders join metal parts using various welding techniques, often for construction or manufacturing.
Average Salary: $44,190
Skill Set: Precision, steady hands, knowledge of welding methods.
4. Carpenter
Carpenters build and repair building frameworks and structures, such as stairways and doorframes.
Average Salary: $49,520
Skill Set: Math skills, physical strength, attention to detail.
5. HVAC Technician
HVAC technicians install and repair heating, air conditioning, and refrigeration systems.
Average Salary: $50,590
Skill Set: Mechanical skills, troubleshooting, customer service.
6. Construction Worker
Construction workers perform various tasks at construction sites, from operating machinery to laying bricks.
Average Salary: $37,890
Skill Set: Physical stamina, teamwork, basic construction knowledge.
7. Automotive Mechanic
Mechanics inspect, maintain, and repair cars and trucks.
Average Salary: $44,050
Skill Set: Problem-solving, automotive knowledge, customer service.
8. Machinist
Machinists operate machine tools to produce precision metal parts.
Average Salary: $45,840
Skill Set: Technical skills, attention to detail, stamina.
9. Painter
Painters apply paint, stain, and coatings to walls, buildings, bridges, and other structures.
Average Salary: $41,540
Skill Set: Aesthetic sense, precision, physical endurance.
10. Truck Driver
Truck drivers transport goods over short or long distances.
Average Salary: $47,130
Skill Set: Driving skills, time management, stress tolerance.
11. Landscaper
Landscapers create and maintain outdoor spaces, planting flowers, and trimming hedges.
Average Salary: $32,220
Skill Set: Creativity, physical fitness, plant knowledge.
12. Boilermaker
Boilermakers assemble, install, and repair boilers and other large containers holding liquids and gases.
Average Salary: $63,100
Skill Set: Welding, blueprint reading, physical strength.
13. Sheet Metal Worker
These workers fabricate or install products made from thin metal sheets.
Average Salary: $51,370
Skill Set: Dexterity, spatial skills, reading blueprints.
14. Ironworker
Ironworkers install iron elements for buildings and bridges.
Average Salary: $53,650
Skill Set: Balance, strength, fearlessness at heights.
15. Bricklayer
Bricklayers lay bricks, concrete blocks, and other types of building blocks in mortar.
Average Salary: $53,100
Skill Set: Hand-eye coordination, physical strength, precision.
16. Pipefitter
Pipefitters install and repair high-pressure piping systems.
Average Salary: $58,150
Skill Set: Math skills, problem-solving, physical strength.
17. Crane Operator
Crane operators use cranes to lift, move, or place equipment and materials.
Average Salary: $60,530
Skill Set: Attention to detail, hand-eye coordination, patience.
18. Roofer
Roofers repair and install roofs using various materials.
Average Salary: $42,100
Skill Set: Balance, no fear of heights, physical strength.
19. Tile and Marble Setter
These workers lay and finish tile and marble floors and walls.
Average Salary: $43,050
Skill Set: Detail-oriented, artistic skills, physical stamina.
20. Elevator Installer and Repairer
They install, fix, and maintain elevators, escalators, and other lifts.
Average Salary: $84,990
Skill Set: Mechanical skills, troubleshooting, precision.
21. Wind Turbine Technician
Technicians install, maintain, and repair wind turbines.
Average Salary: $56,230
Skill Set: Technical skills, no fear of heights, problem-solving.
22. Solar Photovoltaic Installer
Installers set up and maintain solar panels.
Average Salary: $44,890
Skill Set: Electrical skills, strength, balance.
23. Insulation Worker
Insulation workers install and replace materials used to insulate buildings.
Average Salary: $45,320
Skill Set: Dexterity, reading blueprints, measuring skills.
24. Heavy Equipment Operator
Operators control heavy machinery used in construction.
Average Salary: $49,100
Skill Set: Coordination, machine operation, attention to safety.
25. Railroad Worker
Railroad workers maintain and operate train systems.
Average Salary: $64,210
Skill Set: Mechanical skills, strength, alertness.
26. Telecommunications Line Installer
These workers install and repair telecommunications cables, including fibre optics.
Average Salary: $58,280
Skill Set: Technical knowledge, climbing skills, problem-solving.
Best Career Options to Take After Getting Laid Off from Big Tech Companies
Coming back to what I had mentioned earlier in this blog. It has been seen that most of the people who have been laid off by the big tech companies are experienced, professionals.
They have years of experience and that is the reason it is only natural that these lay offs feel like getting thrown under the bus out of nowhere.
However, if you are planning to stay in the tech industry, it is possible for you to get a new job and make a career shift. Here are the top 25 carer options to try out after getting laid off from big tech companies:
1. Data Scientist
Average Salary: $120,000/year.
As a data scientist, you will be responsible for analyzing complex data to help companies make better decisions. You would need to interpret huge amounts of data from several sources, using data mining, algorithmic, machine learning and artificial intelligence, as well as statistical tools, and make it accessible to businesses.
Skill Set: Proficiency in programming languages like Python or R, statistical analysis, and machine learning.
2. Cybersecurity Analyst
Average Salary: $99,000/year.
The primary task of a Cybersecurity Analyst is to protect company networks and systems from cyber threats. They are responsible for monitoring security incidents and responding to them as and when required. If you are planning to take up this career, you need to analyze security alerts and scrutinize potential threats. Additionally, you will have to take action in order to mitigate the risks.
Skill Set: Knowledge of security protocols, risk analysis, and familiarity with hacking techniques.
3. Software Developer
Average Salary: $107,000/year.
If you are planning to become a software developer, you have chosen a great career path. They are programmers who use their skills for creating new software. Additionally, they are responsible for improving software applications which already exist. You will need to design and code for building operating systems and/or mobile apps. In short, software developers create software to solve problems or fulfil user needs.
Skill Set: Strong coding skills in languages like Java, C++, or Python, and an understanding of software development methodologies.
4. UI/UX Designer
Average Salary: $85,000/year.
Just in case you did not know, UI stands for User Interface and UX stands for User Experience. These designers are responsible for improving user experience and interface design for better usability. If you are planning to be one, you will need to gather the user requirements, evaluate and analyze them, and collaborate with the product managers and the engineers who are equally responsible for launching the product.
Skill Set: Design tools like Sketch or Adobe XD, user research, and prototyping.
5. Web Developer
Average Salary: $75,000/year.
The task of a web developer is to build and maintain websites. They are responsible for ensuring that the website they are creating is visually appealing and that the interface is easy to navigate. Additionally, the web developers are also responsible for ensuring that the website’s performance goes smoothly and it works at full capacity.
Skill Set: HTML, CSS, JavaScript, and knowledge of web frameworks.
6. Software QA Tester
Average Salary: $70,000/year.
While the software developers create and design the software applications, the task of the software QA tester is to check the quality of the software through manual and automated testing. They are responsible forchecking the software before it is launched and report the defects that need to be rectified.
Skill Set: Testing tools, attention to detail, and analytical skills.
7. IT Director
Average Salary: $140,000/year.
Just as the name suggests, IT directors oversee technology strategies and operations within a company. They are responsible and in charge of the technology in the organization. Additionally, if you are planning to be an IT director, you need to research as well as purchase all the hardware and software for any updates when required.
Skill Set: Leadership, strategic planning, and a broad understanding of IT infrastructure.
8. Database Architect
Average Salary: $115,000/year.
Database architects design and manage complex databases for companies to store and organize data. As a database architect, you will be responsible for working with firms which provide design services for computers.
Skill Set: SQL, database management systems, and data modelling.
9. Cloud Engineer
Average Salary: $120,000/year.
Cloud engineers are professionals in the IT industry who are are responsible for anything and everything that is related to cloud computing. They manage cloud-based systems and services. Additionally, you will be responsible for ensuring that you follow systematic approaches to solve the issues that your organization faces.
Skill Set: Cloud platforms like AWS or Azure, networking, and security.
10. AI Specialist
Average Salary: $130,000/year.
An AI specialist is a professional who is responsible for developing intelligent systems and applications for their organization. Their primary role is to ensure that they design and create the automated software that mimic human intelligence which will help their organization.
Skill Set: Machine learning, neural networks, and programming skills.
11. Product Manager
Average Salary: $109,000/year.
The role of a product manager is to guide the development and strategy of a product. They are responsible for identifying the needs of a customer and the objectives of businesses about the product. In short, if you are planning to be a product manager, you will need to ensure that you are in total control of everything that a particular product needs to be, from scratch!
Skill Set: Market analysis, project management, and communication.
12. Technical Writer
Average Salary: $72,000/year.
The task of a technical writer is to create documentation for technical products. Consider that a product is in the making. The task of you as a technical writer would be to ensure that you document each and every step that was taken to create the product. You are required to create a technical user manual using the right tools to be able to collaborate with the designers and other professionals.
Skill Set: Writing skills, technical knowledge, and ability to explain complex concepts simply.
13. Business Analyst
Average Salary: $82,000/year.
If you are planning to become a business analyst, you will be responsible for analyzing the data related to the specific business. Your goal would be to ensure that you are able to help the organization achieve its goals with the help of the data that you have.
Skill Set: Analytical thinking, problem-solving, and knowledge of business software.
14. Network Engineer
Average Salary: $85,000/year.
The next one on the list of career options that you can take if you get laid off from big tech companies is to be a network engineer. They are professionals who design and maintain computer networks. They are also responsible for implementing as well as troubleshooting the computer network of an organization.
Skill Set: Networking protocols, hardware, and troubleshooting skills.
15. Systems Analyst
Average Salary: $88,000/year.
Last but not least, systems analysts play a role in assessing and improving computer systems for businesses. They are closely related to modifying and integrating new features to improve business efficiency.
Skill Set: Systems design, problem-solving, and technical communication.
Other Career Options After Getting Laid Off!
Did you think that the list was over? Hell no!
Here are some often other career options that you can tube about if you are planning to stay in the tech industry while getting laid off from the big tech companies:
16. DevOps Engineer
DevOps engineers work on system deployment and network operations.
Average Salary: $115,000/year.
Skill Set: Automation tools, coding, and system administration.
17. Digital Marketing Specialist
They create and manage online marketing campaigns.
Average Salary: $67,000/year.
Skill Set: SEO, content marketing, and analytics tools.
18. Sales Engineer
Sales engineers combine technical knowledge with sales skills to sell complex products.
Average Salary: $103,000/year.
Skill Set: Technical expertise, sales experience, and communication skills.
19. Data Analyst
Data analysts interpret data to help businesses make informed decisions.
Average Salary: $68,000/year.
Skill Set: Data visualization, statistical software, and database querying.
20. HR Specialist
HR specialists manage employee relations and company policies.
Average Salary: $61,000/year.
Skill Set: Knowledge of HR practices, communication, and organizational skills.
21. Customer Success Manager
They ensure customers are satisfied and engaged with the product.
Average Salary: $90,000/year.
Skill Set: Customer service, project management, and interpersonal skills.
22. Technical Support Specialist
Technical support specialists help users with technical issues.
Average Salary: $50,000/year.
Skill Set: Troubleshooting, knowledge of hardware/software, and customer service.
23. Research Scientist
Research scientists conduct experiments to develop new products or knowledge.
Average Salary: $99,000/year.
Skill Set: Scientific research, data analysis, and critical thinking.
24. Consultant
Consultants provide expert advice to improve business performance.
Average Salary: $85,000/year.
Skill Set: Industry knowledge, problem-solving, and communication.
25. Entrepreneur
Entrepreneurs start their own businesses or ventures.
Average Salary: Variable.
Skill Set: Creativity, risk-taking, and business acumen.
Wrapping It Up!
Considering the fact that there has been a rise in layoffs by big tech companies like Microsoft and Google, employees who have years of experience have been losing their jobs. Hence, there is absolutely no doubt that people are in utter shock.
However, if you are someone who is planning to switch your career or even start your career in blue collar industry, it is possible.
As an experienced professional, you will be able to easily get hatred by other tech companies in the same niche. On the other hand, if you are planning to start your career in blue collar industry, you will be.
In case you were searching about the career options that you can take after getting laid off by big tech companies, I hope that this blog has been of help to you, If there are any other questions that you might have related to the same, please feel free to let me know.
All that you need to do is scroll down till you reach the bottom of the page. Then leave your comments and suggestions in the box below. And I will be there to help you out with the same
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Your employees, especially the best-performing ones, mean a great deal to your company. This means that losing them can significantly affect productivity and may eventually cost your company. Apparently, retaining the best employees simply translates to an increase in product sales and a bunch of satisfied and happy people working for you.
In an ideal world, employees won’t find reasons to quit your company. However, that’s not always the case in reality. So just how are you going to entice your best employees to stay? You’ll be surprised at how many more things you can do, aside from increasing their pay, to retain top staff!
1. Recognize Employees’ Efforts:
If you want to succeed in business, you’ll have to understand the value of recognizing others’ good work. When you appreciate and recognize a top employee’s efforts, this confirms their value and purpose in your organization. Eventually, this motivates them to increase their productivity and maintain or even improve their quality of work. Sometimes, a pat on the back can make a huge difference to a thriving employee.
When you praise an employee for his or her efforts, be sure to thank that person by name and state specifically what is being recognized. Also, point out what value it adds to a project or the team in general. Employees become more engaged when their leaders celebrate their successes, whether individually or as a group, from time to time.
2. Avoid Forgotten Benefits:
It’s easy for most employees to forget what benefits their organization offers—even the management can make the same mistake! To help your employees remember the benefits they are entitled to, make sure to provide your staff with a transparent view of these perks. Help them understand what these perks are about and how your employees can avail them. And don’t just deliver the information for both the first and last time. Remind them on these offers frequently, especially at key milestones in their career and personal life.
For instance, sick employees may forget they are entitled to free medicine at the clinic or free use of medical equipment, such as a SpO2 pulse oximeter, thereby keeping their illness untreated and compromising their quality of work. Reminding them of their health benefits should go a long way in helping to retain your best employees.
3. Get on a Personal Level:
Many employers often make the mistake of treating employees like mere employees. To get your best staff to stay in your organization, make an effort to get to know them on a personal level. While there are boundaries to this, building personal relationships often cultivates trust and rapport between employee and leader, improving one’s quality of work and increasing productivity in the long run.
There’s so much you can do to get to know each member of your team better. Whether it is over video-conferencing equipment or a personal meeting at a nearby coffee shop, staff meetings would be a lot more fun and exciting when you can discuss other things aside from work, such as everyone’s favorite celebrities or their go-to weekend hobbies.
4. Get Them to Speak Their Mind:
You know what they say—two heads are better than one. There is a reason why there are people working for you, and that’s so they can help your business achieve its goals and desired outcomes. Whether it be ideas for a certain project or reactions to how the company is being managed, your employees’ thoughts matter. Provide an accessible platform where they can share their ideas and then offer feedback. Doing so will not only encourage them to speak up but will also engage employees and give them a reason to stay in your company longer.
While we can’t force an employee to work for your company for the long haul, the least you can do is to make an effort to listen to your employees and to encourage them to be their best selves each day.
Read Also:
Is Your Company Offering Enough To Potential Employees?
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