The American workforce is in the middle of a demographic shift of its workforce. The “Baby Boomer” generation which has been the cornerstone of the labor force is retiring and their productivity is being replaced by the Millennial generation. Millennials, born between the early-1980s and the late-1990s, represent 80 million plus diverse, and highly educated, young professionals that have become the most sought after talent in the marketplace. With companies continuing to develop hiring strategies that attract Millennials based on factors that that Millennials value.
Niche – an analytics platform providing comprehensive ratings and rankings – reviewed the key factors that are meaningful for Millennials, and young professionals, and found that Schaumburg ranked 7th best suburb in Illinois for Millennials. This incredible distinction is the result of Schaumburg having numerous assets that are important in Niche’s evaluation including:
- Access to Coffee Shops
- Access to Bars and Restaurants
- Crime and Safety Grade
- Walkability Score
- Cost of Living Grade
These factors, plus others, are recognition of the incredible work, live, and play environment that Schaumburg has built and can offer to Millennials are seeking a balance between work, life, community and self-development. This is understanding of balance is crucial for suburbs that frequently believe they are unable to attract the attention of Millennials that are preoccupied with a more urban lifestyle. This balance along with the values of community, family, and creativity in their work are all offerings that Schaumburg can provide.
Schaumburg’s high ranking on this study is even more impressive when you factor in that there is no direct transportation link from Schaumburg to downtown Chicago. Three of the communities that ranked higher on Niche’s ranking are directly connected to Chicago’s amenities through the Blue and Purple CTA lines. This connectivity provides additional appeal for Millennials that want to have access to downtown Chicago. While Schaumburg has a disjointed transportation system the fact that Schaumburg ranks in the top 10 of this study only reinforces the plentiful comforts, and conveniences, that Schaumburg offers from our coffee shops, restaurants, and economic opportunities.
With access to millennial talent being one of the most frequent discussion points that the SBA engages in – across all industry sectors – validation from third-party organizations, like Niche, help to educate the business community and demonstrate that our community can compete with urban environments.
Posted on Apr, 17
by Kyle Schulz filed under