Top 4 Work Trends for Job Seekers in 2017

Top 10 Cities for Job Seekers in 2017 (Source: NerdWallet)

Austin, Texas is the #1 city for job seekers (based on available jobs and housing affordability), followed by Denver, Nashville, Seattle, Durham. Rounding out the top 10 are Atlanta, Minneapolis, Lincoln, Nebraska, Irving, TX and Raleigh, NC. San Francisco comes in at #34, Chicago #69, Los Angeles #70 and New York City #78.

Key takeaways from the study:

  • Follow the young people. Nine of the 10 best cities for job seekers have higher-than-average percentages of 20-somethings.
  • Find fast-growing tech and healthcare hubs: Austin (IBM, Dell, Apple) leads the way in tech, followed by Seattle (Amazon, Microsoft, Boeing), Durham/Raleigh, and Denver. Top spots for healthcare are Nashville (over 250 health care companies are headquartered in the region) and Atlanta (Centers for Disease Control and Prevention, as well as dozens of health information and technology companies).
  • Head to state capitals.Half of the 10 best cities for job seekers are state capitals: Austin, Denver, Nashville, Atlanta and Raleigh.

Read on below for millennial leaders’ views on business leadership (vs. non-millennial C-Suite Execs) as well as what’s in/out for freelance and retirement gigs.

Millennial Views on Business Leadership (Source: the Conference Board)

New, rare research on Millennials as leaders including fact-based analysis of differences and agreements e.g. leaders across the spectrum (Millennial, non-Millennial, and CEOs) agree on the following:

  • All say that “leading through transformation” is the top leadership experience that shapes leadership competence and motivation.
  • All place “arrogance and avoidance” as top leadership derailers.
  • All rank “engaging and inspiring employees” as the skills that get leaders from one level to the next. Among CEOs, this was tied with “managing and successfully introducing change.”

Millennial leaders’ views differ from current CEOs and C-suite executives in the following areas:

  • Millennials believe a future leader succeeds through adeptness at the interpersonal and interaction facets of leadership. CEOs see an ideal future leader as one who focuses more on efficient decision-making and business know-how.
  • Millennial leaders care about social values and giving back to the community, but surprisingly, CEOs place a bigger premium on it.
  • Millennial leaders do not want low-hierarchy organizational structures or open design.

 

Freelancers vs.  Full-time Jobs (Source: Upwork and Freelancers Union)

The freelance economy grew to 55MM Americans last year. That’s 35% of the total U.S. workforce. “The freelance workforce is the fastest-growing component of the economy,” says Louis Hyman, Director, Institute for Workplace Studies at Cornell University.

 

Gigs vs. Retirement (Source JPMorgan Chase Institute Study)

More than 400,000 seniors are earning money thru Uber and Lyft, and they’re more reliant on these alternative jobs for income than younger adults are, according to according to a study by the JPMorgan Chase Institute.

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