As known to most job seekers, recruiters, headhunters and executive search consultants, Austin Texas is a fantastic place to work. Not surprise then that Austin was rated one of the best cities for job seekers in 2017. Numerous sources including Forbes and Money ranked Austin at number 4, bearing in mind factors such as unemployment rate, average annual income, to name a few.
What was taken into account?
Factors such as citywide rates of unemployment, costs of housing, expansion of workforce and income earned per year were all considered when ranking cities across America. The score was divided at 16.7% each for housing and income and 33.3% each for growth and unemployment.
What is the relevance?
For job seekers looking for a change of environment, both professionally and otherwise, it is important to know where in the country most opportunities exist. Knowing what factors contribute in determining ranking is also crucial when deciding which cities to target for your next move.
What are we discussing?
We’re going to summarize and present reasons why, according to multiple financial and economic research studies, Austin consistently enjoys high ratings when it comes to employment potential in the previous 12 months.
One thing Austin has in its favor is a young, dynamic work force. There seems to be a strong correlation between young people in the work force and job satisfaction. This has historically been noted in a number of places where millennial’s make up a large percentage of the workforce.
The fact that Austin is a rapidly growing industrial center substantially contributed to its overall success with regards to ratings. Being an industrial center that is continuing to expand results in a vacuum with regards to its work force. In other words, it means more job openings. The different pre-existing as well as upcoming industrial setups in Austin helped create a number of available jobs across the board, with more foretasted for the next year.
Austin is also home to a large number of IT companies including but not restricted to Dell, Apple and IBM. Apart from this, we also have a lot of thriving .com and web companies. Last but not least, as with all tech hubs, Austin also has quite a few tech upstart companies which are always looking to give candidates that show potential a shot at stardom.
Capital of State
The fact that Austin is the capital of the great state of Texas also means that there is a greater presence of government organizations. It stands to reasons that such organizations will require a large workforce, hence on-going employment opportunities. Furthermore, government jobs come with a stable income as well as terrific benefits. We see many two income households where one partner enjoys the stability of working for the government, while the other ‘rolls the dice’ and goes for the gold with some of the tech start- ups that are so abundant in the Austin area.
In a nutshell, four primary factors contribute to Austin’s success in terms of an ideal job capital. These include:
- A heavy presence of various industries, especially that of technology
- The fact that Austin is a state capital results in the presence of government jobs
- A large population of working young people
- Healthy, vibrant economic growth
Austin remains positioned to be an ideal city for businesses to base their operations out of, and for job seekers to set their sights on. With beautiful weather, friendly people, a cost of living that is hard to beat, affordable housing, and job opportunities for a wide array of skill sets, it is a safe bet that Austin will be on the top 5 of Best Cities to Work in for many years to come.
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