FAS Newsletter - Who are today's workers?

Demographics of Today's Workforce
Who are today’s workers? According to the “Relocation Report” dated July 15, 2007, 49% of today’s workforce is married with dependent children; 23% is single with no children; 19% is married without children; and 9% is single with children. Why are these statistics important? It indicates that each candidate has a very different set of needs and requirements when it comes to relocation. Baby Boomers (born 1946-1964) are generally empty nesters, have an average income of $74.9K. Their common values: competitive, indulgent, work focused, empowered, confident and goal oriented. Relocation Concerns: selling/buying home, retirement location, family roots. Generation X (born 1965-1978) are commonly settling down and starting a family, have an average income of $60.3K. Their common values: independent, family focused, active, entrepreneurial in spirit, balanced, and hard working. Relocation Concerns: spousal income, daycare options, ability to purchase home in new area, proximity to extended family. Generation Y (born after 1979) are commonly straight out of college, this could be their first “career” position, and average income $49.4K. Their common values: optimistic, career growth focused, team oriented, sense of self, success/results driven, tenacious, and confident. Relocation Concerns: location, extracurricular activities, and living on their own.
Companies Are Competing for Top Talent
According to the ERC 2007 New Hire Survey, companies experienced a 12% increase in difficulty in attracting talent from their competitors from 2002 to 2006. Ironically enough, in this “candidate driven market,” the impact from the lack of qualified candidates has only grown 2%. With these two reasons topping the list of challenges for companies hiring practices, it is imperative that companies hire an MRI Consultant not only to source qualified candidates, but to adequately sell their representative company over the competition.
America’s Fastest Growing Suburbs
Are there “hot” spots for moving? You bet. Of the top ten growing cities in the U.S., only one requires you to own a snow shovel. As for the other nine… welcome to sunshine! According to an article in Forbes Magazine (July 16, 2007), Lincoln, California (outside Sacramento) is the nation’s fastest growing suburb, increasing its population 236% between 2000 and 2006. Although living in Lincoln is expensive by national standards, it is a lower cost alternative to living in the Bay Area, San Diego, or Los Angeles. What other cities top the growth list?No wonder Phoenix traffic is horrendous! When looking at regional growth, metropolitan Phoenix has seen the greatest positive domestic growth due to affordable housing, a growing economy, and wonderful winters.