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Human Resources

Industry Outlook

According to the U.S. Department of Labor, employment of human resources and training specialists is expected grow at around 5 percent through 2024. The rising use of temporary workers and increasingly complex employment laws will create most of the demand. Specific standards for occupational safety and health, equal employment opportunity, wages, and benefits make it necessary for many companies to have human resources experts handling their personnel issues in order to avoid errors and omissions. Of particular significance are rising health care costs, how implementation of the federal Affordable Care Act will affect businesses, and the structural changes that have taken place in many companies' insurance packages. As benefits programs become more complex, human resources professionals who are familiar with program requirements and options become more valuable. For the same reasons, human resources manager can expect growth of 9 percent through 2024. Labor relations specialists, however, may experience a decline of 8 percent through 2024 as a result of shrinking labor unions.

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