An updated report by IBISWorld has found that as more parents reenter the workforce, the day care industry is expected to generate $46.8 billion this year.
Day care services are often a necessary purchase for working families, a factor that mitigates revenue volatility for the industry, IBISWorld analyst Caitlin Moldvay noted. “Over the past 5 years, the number of companies offering day care has continued to grow, supported by continuing demand for child care services and low barriers to entry.”
The number of day care enterprises in the U.S. is predicted to reach more than 832,780 operators by the end of 2012. And that figure is expected to grow significantly, with larger companies such as Children’s Learning Adventure planning to open at least 200 new locations nationwide over the next 7 years.
According to the U.S. Census Bureau, there are currently 10.9 million children under the age of 6 that require child care.The report also found that parents will be more willing to pay for “high-value services,” including personalized education, which may mean that job seekers looking to work in the day care industry may need to add more postsecondary training to their resumes in order to advance in the emerging field.If you are considering a career in day care, you may want to take an aptitude test to determine if you have the skills needed to work in the industry, or if you will need to update your resume with additional education or certifications.
Day care workers should have good communications and organizational skills, as well as a high school diploma, current CPR training and a childhood development associate certificate or similar qualifications. Many care providers are also expected to have good technical and writing skills in order to communicate with parents and use an array of interactive learning tools.