Navigating the complexities of career advancement can be challenging. Understanding potential career pathways and the steps needed to progress is crucial for professional growth. A Career Progression Tool offers valuable insights into these transitions, helping individuals make informed decisions about their future. These tools utilize comprehensive labor market data to illuminate common career trajectories and identify opportunities for advancement, especially for those looking to move into higher-wage roles.
One such tool leverages data from various sources, including EMSI, Burning Glass Technologies, McKinsey Global Institute, and the U.S. Department of Labor (O*NET & Census Bureau CPS). This robust data pool allows for a detailed analysis of occupational transitions based on the experiences of millions of individuals without four-year degrees. By examining historical career moves, a career progression tool can reveal typical pathways from lower-wage to mid-to-high-wage occupations. The analysis filters occupations by income levels, identifying “recent occupations” (low-wage and mid-wage) and potential “next-step occupations” and “target occupations” that offer higher earning potential. “Next-step occupations” are defined as middle-to-high income roles that have historically seen transitions from the “recent occupations,” while “target occupations” represent high-potential roles with strong future prospects, considering factors like automation and offshoring risks.
The data powering these tools is meticulously gathered and analyzed. EMSI data provides insights into occupation transitions, median salaries, and required skills. Burning Glass Technologies data highlights job market trends, including demand for certifications and flexible work arrangements. McKinsey Global Institute data contributes future demand outlooks and automation risk assessments. O*NET and Census Bureau CPS data offer detailed occupation descriptions and skill requirements. Collectively, these sources paint a comprehensive picture of the labor market and the potential for career progression.
Key features of a sophisticated career progression tool include the ability to identify occupations that:
- Represent realistic next steps based on historical transition data.
- Offer improved income potential.
- May not require a four-year degree.
- Are less susceptible to automation and offshoring.
- May offer flexible work arrangements or not require background checks.
- Are potentially open to English-language learners.
It is important to remember that while a career progression tool provides data-driven insights, it is not a guarantee of future outcomes. Labor markets are dynamic, and individual circumstances vary. These tools are most effective when used in conjunction with career counseling or guidance, helping individuals interpret the data and develop personalized career plans. By understanding historical trends and future job market demands, individuals can strategically utilize a career progression tool to unlock their potential and advance their careers.
