03 May San Francisco is Home to Top Talents–Not Just Tech Talents
San Francisco in Northern California attracts a lot more of its fair share of talents — and a lot of them are millennials — for a lot of obvious reasons. The chance to become among the tech giants that shape the world is one of them.
Another is the thriving, vibrant melting pot that is home to different cultures which make many feel welcome. And then of course there are the dozen dream destinations of amusement parks and recreation centers, nature trails and sunny beaches, and cultural heritage sites and non-stop parties and meetups with the brightest minds in the world.
The way they are recruiting talent in San Francisco, you might tempted to sing, “If you can make it in San Francisco, you can make it anywhere.” But we don’t want to rub New York the wrong way, especially if Old Blue Eyes immortalized the song already.
Top talents are always eyeing San Francisco for the hottest jobs.
If your time in San Francisco makes you feel happy and fulfilled, then you wouldn’t be surprised to learn that your potential assignees (domestic and foreign) might be jumping at the gun to experience what you have long known.
As a global mobility specialist who wants to attract top and promising talent to work for clients in San Francisco, here are a few things to keep in mind:
Many of the jobseekers flocking to San Francisco are millennials whose ages range from their early twenties to mid-thirties. Many are single, while others might just have gotten married or starting their own families. While a majority who want to try their fortune in the city might be Americans from other cities, don’t be surprised if inquiries from young, educated talent based in China, Denmark and Hungary land in your inbox.
Make no mistake about it either. There are jobs in San Francisco, and not just the tech ones. The San Francisco Examiner says that the city has the ninth highest employment rate in the country, compared to its counterparts.
San Francisco employers pay top salaries to get high-quality talent. 24/7 Wall Street says the city’s annual salary is the highest in all of the U.S. states: a record $144, 390, compared to the median of $90,000.
The high pay rates (compared to other states) make the job market competitive — and that goes for both companies and prospective candidates. Applicants aren’t about to accept pittance for their skills, and companies won’t compromise on the skills and experience they are looking for. Given the competitive rates and the highly skilled talent, this situation can end up as a win-win scenario for the global mobility specialist. According to the San Diego Union Tribune, pay rates of the average employee increased by 8.1 percent from 2015 to 2016.
Opportunities in the tech world also abound, with Time.com ranking it #12 among the top 25 “career-friendly” cities in America. Like the other 24 cities, San Francisco was considered a mecca for job-hunting millennials because of a work environment that emphasized work-life balance, job security with prospects for advancement, increasing opportunities and, as mentioned earlier, the high salaries.
Another aspect in the San Francisco job market that attracts candidates There are city-sponsored job training programs for workers who want to develop their skills as a career move that can help them shift to industries like tech, construction, healthcare, and hospitality.
Finally, candidates who flock to San Francisco also look for a premium when it comes to their accommodations. While cost will always be a concern to any tenant, a reasonably high salary can help them get topnotch accommodation.
As California Corporate Housing knows and experiences first-hand, creative on-the-go millennials will not be satisfied with the traditional elegant sedate furnished apartment, they’d want something more customized and personalized that reflects their goals, aspirations and culture, especially if they were listening to the presentation last week from Google’s chief executive Sundar Pinchai who declared that Google will be an “A.I.-first” company. One can expect California Corporate Housing to listen attentively (as the world does) to what its neighbor, Google, says.