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In a world where good jobs are hard to come by, more and more job seekers are looking outside of their current cities to find work. According to Worldwide ERC, a workforce mobility association, their member companies spent $10 billion in 2011 on corporate relocation in the U.S. That breaks down to more than 216,000 domestic transfers.
With 14 million Americans still unemployed, and the unemployment rate holding at 9.1 percent according to the August Bureau of Labor Statistics data, relocating for a new job may seem like an increasingly worthwhile proposition to many. In fact, according to a survey by consulting firm Challenger, Gray and Christmas, 9.4 percent of job seekers relocated for new jobs in the first half of 2011, up from 7.6 percent in 2010. However, relocating across the country – or even to a new city within the same state – for work should not be an impromptu decision. Here are a few factors to consider before you start packing.
There are many reasons why people choose to relocate. You may want to be closer to family and friends. Possibly you have dreamed of a warmer climate or a place where you can go skiing every weekend. Regardless of what your reasons are, finding a job in a new city has its own share of challenges.
The first thing you should do is research. Relocating can be challenging. Different locations have their own unique culture. You want to ensure that you will be happy in your new ‘home.’
While many tech workers hop from company to company to increase their earning potential, they may not consider that, as their experience grows, a hop from location to location also has a favorable impact on salary – and no this isn’t just about making a move to tech hot spots like the Silicon Valley. We’ve analyzed Glassdoor salary reports and the data shows how tech industry workers average base salary is impacted not only by years of experience but also by location¹.
The Glassdoor tech report identifies that between 0-6 years of experience, the San Francisco Bay Area, Seattle and New York offer the highest average base salary for tech jobs. But, Seattle may just be a starting point for many workers in the tech field, as Washington DC takes over the third spot for people with 7-10+ years of experience.
Does your location inhibit your earning potential? Forbes.com published a list of the top 10 best and worst towns for high-paying jobs yesterday, and focused in on those in the business and professional services category. More specifically this includes jobs in human resources, architecture, law, accounting, science and technology. Forbes reports that there are currently around 17 million jobs in this category, which, as the article notes, is twice the size of the finance sector.
In reviewing the list of towns included as the worst for high-paying jobs, there are a few clear patterns to note. Many are affected by the declining housing market, as cities such as Phoenix, Los Angeles and Orange County have seen significant losses in this area which in turn is affecting the business and professional service industry accordingly. Declines in other industries, including auto and tourism also have had a negative impact on this category of jobs.
Does your city make Forbes list for the Worst High-Paying Jobs? Check out their list of top 10 cities below and click on the links to view the Glassdoor salary reports which give first hand insights into the specific jobs at specific companies from employees who work in these areas.
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Recent research by the Pew Foundation revealed that nearly 50% of Americans live somewhere they wish they didn’t. The American way has always been to be able to move from city to city and in many cases it was our jobs that relocated us across the country. And many agreed to move to less-than ideal cities, as we figured we could live anywhere or a few years, knowing that there would be another move in our future anyway. If we played our cards right we would end up in a regional office or headquarters, which in most cases were located in attractive cities or towns.
It was a big game of musical chairs and for lots of people it was a great way to see the country on someone else’s dime as it related to purchase and sale of a home. Over the past 15 years this worked, as there was no losing out on home equity. But, as we know, all good things must come to an end. The music has stopped and nearly half of America may be living someplace they don’t like and aren’t able to make a change any time soon. For anyone who could be transferred ...
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