The Human Resources Development Authority (HRDA) answers in the affirmative, which recently published the study "Employment forecasts in the Cypriot economy 2014-2024". The publication provides information on employment needs in the sectors of economic activity in 309 occupations (173 upper level occupations, 130 middle level occupations and 6 lower level occupations) covering the entire Cypriot labor market for the period under review.
The ultimate goal is to make a substantial contribution to the planning and implementation of education and training activities by providing relevant forecasts. At this point, the HRDA explains that forecasting is achieved by estimating the size of total employment and forecasting the distribution of employees in sectors of economic activity and occupations. Then, the growth needs of employment are calculated, ie the new jobs, the employment needs due to departures are forecasted and as a result the total demand in the sectors of economic activity and in the professions is estimated.
According to the Authority's findings, total employment in the period 2014-2024 is estimated to show an upward trend recovering from the effects of the financial crisis.
Specifically, from 361.327 people in 2014, it is estimated that employment will rise to 386.535 people in 2019, while in 2024 it is projected to reach 413.888 people, recording a numerical increase of 52.561 people and a percentage increase of 14,5% in the decade under review.
It is noted that total employment until 2011 followed a significant upward trend and amounted to 398.214 people, while then, due to the economic crisis, it fell and fell to 365.078 people in 2013.
So, in the coming years, it is estimated that in all three broad occupations (upper, middle and lower level) there will be an increase in the number of employees: About half of the employees will continue to work in the mid-level occupations high school diploma), while one in three will work in higher level professions (higher degree required).
More specifically:
The mid-level occupations are projected to continue to employ most employees, with their number rising from 169.149 in 2014 (46,8% of the total) to 195.881 in 2024 (47,3% of the total) with an increase of 15,8 , XNUMX%.
Regarding the higher level occupations, the employees from 132.021 people in 2014 (36,5% of the total) are estimated to reach 152.336 people in 2024 (36,8% of the total) showing an increase of 15,4%. It is noted that employment will show a significant increase compared to 2009, when it amounted to 138.476 people.
In the lower level occupations, it is estimated that the number of employees will also increase in the period 2014-2024. Employment in 2014 is estimated at 60.157 people (16,7% of the total) while in 2024 it will reach 65.671 people (15,9% of the total) showing an increase of 9,2%.
However, what the HRDA clarifies is that the forecasts that follow, concern only the total demand that will exist in sectors of economic activity and professions and that they do not cover in any way the corresponding supply, which is formed on the basis of unemployment data. , new entrants to the labor market from education outflows, as well as pure migration.
He also states that during the realization of the employment forecasts, the strategic aspirations of our country were taken into account, as they are expressed through the various program documents and consequently specific assumptions and work scenarios were adopted.
The "top 5" in the field of professions
According to the HRDA study, the largest number of employees will continue to work in the field of car trade and repair. Specifically, employment from 64.062 people in 2014 (17,7% of the total) will rise to 77.006 people in 2024 (18,6% of the total) recording a significant increase of 20,2%.
Hotels and restaurants are estimated to be the second largest sector. The number of employees, from 28.790 people in 2014 (8,0% of the total) will reach 37.912 people (9,2% of the total) by 2024, showing a significant increase of 31,7%.
It is followed by the education sector where in 2014 31.935 people were employed (8,8% of the total), while in 2024 they will reach 36.614 people (8,8% of the total) showing a significant increase of 14,7%.
A significant number will also be employed in professional, scientific and technical activities. Employment from 25.024 people (6,9% of the total) in 2014, will rise by 2024 to 33.175 people (8,0% of the total) recording a large increase of 32,6%.
In fifth place is employment with a significant, but smaller increase, employment in manufacturing and construction. More specifically, employment in the manufacturing sector is expected to reach 2024 people (31.746% of the total) by 7,7, compared to 29.315 people (8,1% of the total) in 2014, showing an increase of 8,3%. In the construction sector, from 25.075 people (6,9% of the total) in 2014, it will rise to 27.121 people (6,6% of the total) with an increase of 8,2% by 2024.
On the opposite bank, the HRDA prescribes a downward trend in the number of employees that will be observed in public administration and defense, as well as in financial institutions. In public administration and defense from 27.244 people (7,5% of the total) in 2014 will drop to 24.672 people (6,0% of the total) in 2024 with a decrease of 9,4%. Regarding employment in financial institutions in 2014 is estimated at 20.838 people (5,8% of the total), while in 2024 at 19.609 people (4,7% of the total) with a decrease of 5,9%.
50% will work in mid-level occupations
About half of those employed will continue to work in mid-level occupations, which require a high school diploma, while one in three employees will work in upper-level occupations, where a tertiary degree is a required qualification. Based on the HRDA report, the following emerges:
SENIOR LEVEL OCCUPATIONS
Of the top-level occupations with the highest employment needs, ten are graduates, five are technical assistants and three are managers:
Accountants (194 people or 2,2% per year)
Λογισ Assistant accountants (180 people or 2,2% per year)
Administrative Secretaries (173 people or 3,4% per year)
Secondary teachers (147 people or 1,6% per year)
Nurses and midwives (140 people or 3,1% per year)
Lawyers (133 people or 3,2% per year)
Τές Teachers of universities and higher education institutions (112 people or 4,9% per year)
Εμπο Trade managers (94 people or 3,4% per year)
Δ Loan and credit managers (91 people or 2,2% per year)
Ικοί Commercial agents (85 people or 1,6% per year)
Λοι Teachers (79 people or 1,5% per year)
Real estate agents and property managers (77 people or 6,1% per year)
Τές Foreign language teachers outside educational institutions (76 people or 4,6% per year)
Doctors (69 people or 3,0% per year)
Civil engineers (66 people or 2,9% per year)
Τές Directors of financial and insurance services (62 people or 4,7% per year)
Restaurant managers (57 people or 5,9% per year)
Γών Application developers (54 people or 2,1% per year)
MEDIUM LEVEL OCCUPATIONS
Of the mid-level occupations with the highest employment needs, eleven belong to service workers and salesmen, five to clerks, four to craftsmen, three to machine operators and assemblers, and one to farmers, stockbreeders and fishermen:
Salesmen in stores (769 people or 4,5% per year)
Waiters (498 people or 5,2% per year)
General duty clerks (412 people or 4,2% per year)
Cooks (315 people or 6,0% per year)
Ες Shopkeepers (292 people or 4,5% per year)
. Private secretaries (254 people or 3,1% per year)
Store and ticket cashiers (253 people or 3,7% per year)
Drivers of cars, taxis, vans and motorcycles (249 people or 4,0% per year)
Growers of plantations and vegetables (241 people or 3,5% per year)
Warehouses and transport and production offices (216 people or 4,7% per year)
Φορ Truck and bus drivers (171 people or 4,1% per year)
Hairdressers (141 people or 4,1% per year)
Τρα Bank and post office cashiers (133 people or 4,1% per year)
Store Supervisors (122 people or 4,5% per year)
Λογισ Accounting clerks (120 people or 2,6% per year)
Operators of agricultural and earthmoving machinery, cranes and elevators (110 people or 5,0% per year)
Εκτός Non-police officers and police detectives (110 people or 2,5% per year)
Τικοί Beauticians (109 people or 4,1% per year)
Αυτοκινή Car engineers (107 people or 2,8% per year)
Προσωπ Employees providing personal care in institutions and homes (106 people or 8,6% per year)
Μαν Bartender (100 people or 5,2% per year)
Μοι Residential builders (99 people or 2,2% per year)
Κ Building electricians (87 people or 3,0% per year)
Welders and metal cutters (81 people or 3,9% per year)
Assumptions and work scenarios
> Development of specific sectors of economic activity and professions as a result of the pursuit for the development of hydrocarbon deposits in the Exclusive Economic Zone of the Republic of Cyprus.
> Creation of a casino resort which, among other things, will include the construction of a luxury hotel and restaurants.
> Further promotion of the tourism product of Cyprus, enrichment with alternative forms of tourism and provision of enhanced support from similar sectors of economic activity.
> Further development of health and social care services, as a result of the implementation of the General Health Plan and the continuing aging of the population.
> Increase investment in education, especially in post-secondary and tertiary education.
> Providing support in the field of construction, with emphasis on the modern design of buildings with high energy efficiency.
> Further promote the green economy, with an emphasis on the rational utilization of resources, the reduction of carbon emissions and the increase of the use of renewable energy sources.
> Promoting the maritime / blue economy, including the dynamic development of the merchant shipping sector.
> Further promotion and utilization of information and communication technologies in the whole range of operations of the company, such as production, marketing and administration.
> Further shrink the public administration and defense sectors as well as financial institutions.
Eight out of ten will be employed in the Services
The vast majority of employees will continue to be concentrated in the tertiary sector, showing a significant increase. As a result, it is estimated that about eight out of ten employees will be employed in the tertiary sector, thus reflecting the dependence of the Cypriot economy on the Services.
Areas with the highest employment needs:
. Retail (1.762 people or 4,4% per year)
. Restaurants (1.091 people or 5,4% per year)
. Education (1.074 people or 3,2% per year)
. Wholesale (914 people or 4,4% per year)
. Health and social care (818 people or 4,3% per year)
. Hotels (787 people or 6,1% per year)
. Legal and accounting activities (715 people or 4,6% per year)
. Constructions (615 people or 2,4% per year)
. Other service activities (459 people or 4,1% per year)
. Arts, entertainment and recreation (333 people or 5,7% per year)
. Food, beverage and tobacco industry (319 people or 2,9% per year)
. Sale and repair of cars (318 people or 3,3% per year)
. Agriculture, forestry and fisheries (311 people or 2,0% per year)
. Water transport (297 people or 6,3% per year)
Source: Liberal