In a recent article by Forbes, Memphis was ranked the 4th most attractive destination for college graduates seeking employment after they graduate. The article is based on an analysis done by online career site CareerBliss.com, which looked at more than 140,000 data points from reviews submitted by employees with jobs that require less than two years of work experience. These employees, from all over the country, were asked to evaluate 10 factors that affect workplace happiness. Such factors include: work environment, compensation, growth opportunities, the company’s reputation, daily tasks, and the relationship with their bosses and co-workers. Each factor was evaluated on a five-point scale to determine how significant it was to the employee’s overall happiness.
Memphis was ranked 4th on the list with a score of 3.95 out of 5 and an average cost-of-living adjusted salary of $56,158. One of the primary factors to consider is the cost of living and how far a dollar goes in each city. For this reason, big cities like New York, Los Angeles, and Chicago aren’t necessarily the best options for recent college grads. Memphis offers a stable core of jobs, affordable cost of living, and desirable working conditions that are rare in larger more well-known cities. “CareerBliss data shows that smaller or mid-size cities often provide new graduates jobs, which not only foster happy work environments, but allow the graduates to have more disposable income, based on the cost of living in that city.”
Jobs equal stability in any city. And with job-growth in Memphis and an attractive destination for newly-minted college grads, Memphis continues to be one of the best markets for cash flow because of the large and stable tenant pool. Memphis now ranks 4th in great places to work for recent college grads, 3rd in hiring in 2011, 1st for March 2012 hiring and 2nd for the best places for baby boomers to retire.
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