Cultivating the Next Generation of Leaders in Greater Philadelphia A SURVEY OF EMERGING MID-CAREER PROFESSIONALS
Co-developed by the Chamber’s Education & Talent Action Team and Young Professionals Council, the Cultivating the Next Generation of Leaders in Greater Philadelphia Survey was designed to better understand the regional, professional and personal motivators of the region’s emerging mid-career professionals. The survey was open for response between September 27, 2016 and January 9, 2017. We received 1188 responses; with 830 respondents falling within the age range we have identified as emerging mid-career professionals. These young professionals, aged 25 – 39, are at key junctures in their personal and professional lives. It is critical that we understand what opportunities and drivers will retain this talent in our region.
830 SURVEY RESPONDENTS BREAKDOWN BY AGE
25 – 29 39.4%
30 – 34
335
327
40.4%
168
35 – 39
20.2%
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RESPONDENT DEMOGRAPHICS BORN & RAISED:
Bachelors 49%
WITHIN THE 11-COUNTY GREATER PHILADELPHIA REGION
Masters
50%
45%
EDUCATION
OUTSIDE THE REGION
50%
High School / Some College
YEARS IN REGION: 16%
25%
59%
0 – 2
3 – 5
6 +
4%
PhD 2%
WHERE THEY LIVE
WHERE THEY WORK
BY COUNTY
BY COUNTY
2%
2%
8%
7%
62%
4%
75%
3%
8%
6%
3% 1%
1%
1%
5%
1% 1%
6%
OTHER / UNKNOWN
1%
OTHER / UNKNOWN
3%
WHAT THEY DO MARKETING/COMMUNICATIONS/PR
GENERAL MANAGEMENT
FINANCE/ACCOUNTING
11%
15%
LEGAL
8%
15%
5%
10%
SALES/BUSINESS DEVELOPMENT
6%
CONSULTANT
ENGINEER/ ARCHITECT/ DESIGN/ CONSTRUCTION/ RESEARCH
FOR-PROFIT: 58%
C-LEVEL/ EXECUTIVE GOVERNMENT MANAGEMENT AFFAIRS
NON-PROFIT: 37%
4% 5%
HUMAN RESOURCES
OTHER
3%
3%
EDUCATOR
12%
3%
INFORMATION TECHNOLOGY
EMPLOYER TYPE
GOVERNMENT: 5%
WHO THEY WORK FOR PROFESSIONAL, SCIENTIFIC, AND TECHNICAL SERVICES
INFORMATION TECHNOLOGY, MEDIA, TELECOMMUNICATIONS
EDUCATIONAL SERVICES
23%
12% 12%
FINANCE & INSURANCE
7% 10%
HEALTH CARE AND SOCIAL ASSISTANCE
6%
MANUFACTURING, UTILITIES, CONSTRUCTION
6%
ARTS, ENTERTAINMENT, HOSPITALITY, ACCOMMODATION
5%
PUBLIC ADMINISTRATION
5%
REAL ESTATE
OTHER SERVICES
4%
WHOLESALE/ RETAIL TRADE, TRANSPORTATION, WAREHOUSING
NUMBER OF EMPLOYERS THROUGHOUT CAREER
ONE
11% AVG. FOR AGES 25 – 29
2.6
TWO
26% AVERAGE NUMBER OF EMPLOYERS THREE
28%
FOUR
17%
FIVE OR MORE
18%
10%
3
AVG. FOR AGES 35 – 39
3.6
REGIONAL MOTIVATORS The many amenities that make Greater Philadelphia so appealing — among them accessibility, affordability, robust cultural offerings, and a talented workforce — have all contributed to making the region a thriving talent hub. It’s important to understand what regional motivators impact young professionals’ decision to continue to call Greater Philadelphia home.
THRIVING IN GREATER PHILADELPHIA
Over 93% OF RESPONDENTS think their next job could be in Greater Philadelphia.
“ YES”
“ MAYBE”
67%
26%
“ NO”
7%
TOP 3 MOST IMPORTANT REGIONAL FACTORS
1
SAFETY
2
AFFORDABILITY
3
RENT/HOME PRICES
THOSE AGED 25 – 29 tended to rank SAFETY lower than older respondents.
Over 97% OF
TOP 3 REASONS TO CONSIDER LEAVING THE REGION
1
PUBLIC SCHOOLS
2
AFFORDABILITY
3
RENT/HOME PRICES
RESPONDENTS
would recommend Greater Philadelphia as a place to live.
PROFESSIONAL MOTIVATORS Greater Philadelphia is comprised of many diverse industries and employment opportunities for the region’s young professionals. Key to engaging and retaining these individuals is to understand what motivates them to stay and grow at a particular place of employment or leave that employer for new opportunities.
REASONS RESPONDENTS WOULD LEAVE THEIR CURRENT EMPLOYER % OF TOTAL RESPONDENTS
INCOME /SALARY
RESPONDENTS HAVING HELD 3+ JOBS
83%
OPPORTUNITY TO GROW
73%
WORK /LIFE BALANCE
viewed INCOME /SALARY as less important
66%
COMPANY CULTURE
63%
FLEXIBILITY
46%
FINANCIAL STABILITY CORPORATE RESPONSIBILITY
TOP 3 FACTORS WHEN CONSIDERING A NEW EMPLOYER
35% 23%
RESPONDENTS FELT MOTIVATED AT WORK BY
Professional Advancement
1 2 3
OPPORTUNITY TO GROW COMPANY CULTURE INCOME /SALARY
FOR RESPONDENTS AGE 35 – 39:
1 2 3
44%
Personal Fulfillment 34%
Civic Engagement 19%
COMPANY CULTURE OPPORTUNITY TO GROW WORK/LIFE BALANCE
Other 3%
PERSONAL MOTIVATORS Greater Philadelphia is a place that delivers purposeful engagement for the region’s current and future leaders. Our young professionals are motivated by the desire to give back to their communities and are eager to find the right balance of civic engagement, professional development, and social connections.
HOME OWNERSHIP
GIVING BACK
CURRENT HOME OWNER
PLAN TO BUY IN 3 – 5 YEARS
42%
29%
UNDECIDED
20%
DO NOT PLAN TO BUY
9%
71% OF RESPONDENTS own a home or plan to buy in the region.
BREAKDOWN BY AGE CURRENT HOME OWNER
PLAN TO BUY IN 3 – 5 YEARS
25 – 29
40%
30 – 34
UNDECIDED
DO NOT PLAN TO BUY
27%
51%
35 – 39
21%
24%
66%
17%
12%
19%
6%
11%
6%
IMPORTANCE OF PURSUITS DURING OFF-WORK HOURS
NOT IMPT.
VERY IMPT.
FAMILY, FRIENDS, COMMUNITY
NOT IMPT.
VERY IMPT.
CITY / CULTURE
NOT IMPT.
VERY IMPT.
LEISURE & RECREATION
NOT IMPT.
VERY IMPT.
SOCIAL NETWORK
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