Is your organization or company conducting a round of layoffs soon? Do you need to provide outplacement support to your affected employees so that they can find new jobs and positions as soon as possible?
Raleigh, North Carolina is a bustling city with a diverse workforce. As of 2019, the area was estimated to have over 1.3 million workers, representing a variety of industries that contribute to the city’s economy. The top three industries in North Carolina are finance and insurance, healthcare and social assistance, and retail trade. These industries are known to provide outplacement services in the event of a reduction in force or layoff.
Finance and insurance are the largest sectors in North Carolina, contributing over 20% of total output. Major activities in this sector include banking, securities trading, asset management, insurance underwriting, and other related services.
Healthcare and social assistance is also a significant contributor to the state’s output, accounting for approximately 16%. Healthcare providers, hospitals, medical laboratories, and home health care services are the largest components of this sector. Social assistance includes child day care services, individual and family services, and government social service programs.
Retail trade is another major industry in North Carolina, accounting for nearly 12% of the state’s total output. This sector includes department stores, supermarkets, specialty stores, and e-commerce retailers.
Other notable industries in the state include professional, scientific, and technical services; construction; manufacturing; and educational services. North Carolina is also home to several Fortune 500 companies, including Bank of America, Duke Energy, Lowe’s, and BB&T—many of which have embraced the virtues of outplacement services in the event of a reduction in force (RIF).
In terms of ethnicity, the most commonly reported racial/ethnic groups were White (58%), Black (21%), Hispanic or Latino (12%), Asian (6%), and Other (3%). The majority of the population identified as being American Indian/Alaska Native, Native Hawaiian/Pacific Islander, and Other.
In terms of income level, the median household income in Raleigh was around $79,000 in 2019. The area had a significant gap between higher-income households (those earning over $150,000) and lower-income households (those earning under $35,000). Organizations that provide outplacement services in Raleigh, such as CareerPro Inc, see their transitioning employees find jobs over 50% faster than if they had no outplacement assistance.
In terms of educational attainment, the majority of Raleigh workers had some college or an Associate’s degree. Approximately 38% of workers had a Bachelor’s degree or higher.
Overall, Raleigh is a dynamic city that offers a wide range of job opportunities for workers of all backgrounds. The city’s strong economy and diverse industries make it an attractive destination for businesses and job seekers alike.