fbpx

America’s Best and Worst Cities for Corporate Workers in 2024

March 29, 2024 thehrobserver-hrobserver-bestamericacity

Raleigh, North Carolina tops America’s best city for corporate workers, boasting the best Corporate Score of 87.0, found a research firm.

These results are based on key metrics such as wage growth, unemployment rate, and corporate workforce size, said Checkr. 

Checkr compiled a list of the best cities for current corporate workers and for individuals who are looking for a new home with employment opportunities in the corporate world.

They benchmarked six critical factors about the 100 largest US metro areas to be able to rank them.

“Each of the following six key factors was weighted appropriately and scaled, and then we calculated the weighted sum of the factors to obtain a final Corporate Score—the higher the score the better,” they explained. 

The key factors are: Labour force size, Unemployment rate, Wage growth, Labour force growth, Rate of median income to housing costs and Percentage of high-earning residents (making more than $200,000).

Over the last decade, Raleigh has experienced remarkable expansion in its job market, largely attributed to the Research Triangle.

This triangle refers to the North Carolina region centered around Raleigh, Durham, and Chapel Hill, which hosts three major universities: North Carolina State University, Duke University, and the University of North Carolina at Chapel Hill.

The Research Triangle is known for its abundance of corporate opportunities in healthcare, technology, software development, and life sciences, making it an ideal destination for those seeking corporate employment or a fresh career start.

Following, Raleigh is Austin, Texas which is a booming tech hub. Austin ranks inside the top 10 due to multiple reasons which includes wage growth, workforce growth, workforce size, and the number of households earning more than $200,000 annually. 

“This comes as no surprise as companies like Tesla, Apple, Dell, Amazon, Facebook, Indeed, Oracle, and Charles Schwab have a major presence in Austin in 2024,” explains Checkr. 

On contrast, El Paso, Texas is considered as the lowest-ranked city in the United States for corporate workers. According to the research, a considerable number of residents believe there is growth in specific facets of the El Paso job market, yet they express concerns about potential declines in certain professional or corporate sectors.

According to statements made during an interview via CBS El Paso, residents observe a trend of locals relocating to pursue specialised employment opportunities in other parts of Texas. That is because the larger cities in the state are booming with opportunity, such as Austin, Houston, and Dallas. 

El Paso falls within the bottom 10 for the unemployment rate among corporate workers, corporate worker labor force size, and for the percentage of households making $200,000 annually. 

Author
Editor

The HR Observer

Related Posts

April 22, 2024

ILO: Global Workforce is at Risk as Climate Changes

February 19, 2024

Embracing the Boundaryless is the Future of Human Resources

February 13, 2024

The Transformative Role of Data in Workforce Optimisation

January 28, 2024

Inflation Risk Remains High in 2024 Says Goldman Sachs CEO