Is your company planning a move or an expansion into a new US city? Given the war for hiring top talent, especially from the millennial generation, the available talent pool is an important consideration for choosing a location.
You certainly already know that New York, Los Angeles and Silicon Valley are places where you’ll find talented millennials. But even in those cities, which are some of the most expensive markets in the US, the competition is fierce for hiring top talent. Why not consider some smaller, up-and-coming US cities that are attracting millennials as well as smart companies?
7 cities to consider for hiring top talent
Recent college grads are moving to urban centers and increasing numbers. According to a report by City Observatory, in 1980 young adults were 10% more likely to live in urban centers. By 2010, that number rose to 51%, with college grads 126% more likely to live within 3 miles of a major city center.
In mid-size US cities such as San Diego and Austin, the millennial population is growing as a percentage of the total adult population, according to CBRE’s Workplace Strategy group. That makes these smaller cities ideal for hiring top talent. Also, companies can tap into both urban and suburban populations as long as average commute times remain under one hour. That’s another great reason to focus on smaller cities.
These are some of the cities that may be on the way to becoming economic powerhouses of the future, as well as great locations for attracting top talent to your company.