By 2015, a mere three years from now, Forrester, a Boston-based consulting firm, predicts that at least 3.3 million jobs will be outsourced, including 1.7 million office positions such as accounting and 473,000 in IT technology.
These estimates are rather staggering, especially for those who work in offices and technology. Fortunately, for those of you surfing the Hcareers blog, the hospitality industry is safe. Restaurant jobs aren't going anywhere. In fact, they are increasing. This is one of the top three reasons why restaurant jobs are hot.
1. Restaurant employment is trending upward.
According to the National Restaurant Association, dining establishments have added more than 575,000 jobs since March 2010. Current staff totals 12.9 million employees. That's 10 percent of the country's workforce. Current forecasts predict that restaurant jobs will be added as new restaurants open and others expand.
2. Americans love to eat out.
How can restaurants be doing so well while the rest of the nation continues to flounder towards recovery? The answer may be found in the dining habits of the American people. The National Restaurant Association reports that 92 percent of adults enjoy going to restaurants and 44 percent say it's an essential part of their lifestyle.
Additionally, 84 percent find dining out a "nice break" from the "monotony of daily life," while 77 percent feel that going to a restaurant to socialize with family and friends is a better use of their leisure time than dining at home. These figures may explain why the average American spends 48 percent of his or her food budget eating out.
3. Food and beverage sales are on the rise.
Daily restaurant industry sales at the nation's 970,000 establishments are $1.7 billion. The National Restaurant Association forecasts that restaurant food and beverage sales in 2012 will reach $632 billion and total 4 percent of the U.S. gross domestic product. This is $253 billion more than the $379 billion sold in 2000 -- an increase of 59 percent over 12 years.
These sales spur job growth. For 12 consecutive years (2000-2011), job growth within the restaurant industry has outpaced the overall economy. The National Restaurant Association projects that restaurants and other eating places will add 1.4 million jobs over the next 10 years. This means 14.3 million people will work within the industry by 2022. Restaurant jobs are hot and will continue to be so in the foreseeable future.
A bank may offshore its accounting department. A Fortune 500 company may outsource administrative duties. But dining establishments have no way to offshore or outsource the roles of wait staff, bartenders, line cooks, sous chefs, bussers and other restaurant jobs. As a hospitality professional, your career, and livelihood, is secure.