Are you conducting a round of layoffs at your organization? Do you need to provide outplacement support to your exiting employees so that they can find new jobs and positions as soon as possible?
Phoenix, Arizona is home to a diverse population of workers across all industries. According to the 2016 American Community Survey, the city’s median age was 33.3 years old, with a total population of 1,615,017 people. Outplacement services support are so important for individuals in this age bracket as they look to set themselves up for the rest of their careers. Because outplacement services provide comprehensive career services support to individuals affected by layoffs, they are important for organizations to have in place before reductions in force or mass layoffs.
The majority of Phoenix residents (67%) are employed in private-sector jobs; 26% are employed by the government; and 7% are self-employed or otherwise don’t fit into either category. The largest sectors of employment in Phoenix include retail trade (11%), professional services (10%), and health care (9%). Additionally, educational services and construction account for 8%, while finance and insurance (7%), accommodation and food services (6%), manufacturing (5%), administrative support services (4%), and transportation (4%) are also significant employers in the city.
In terms of worker demographics, Phoenix’s population is predominantly made up of white non-Hispanics (45.6%), followed by Hispanics or Latinos (37.9%), black or African American individuals (7.3%), Asians (4.1%), and other races (5%). The median household income in the city was $49,969 from 2015 to 2019, with 18% of households living in poverty during that period.
The largest employers in Phoenix include Banner Health System, Walmart Stores Inc., State Farm Insurance Companies, Maricopa County Government, Freeport McMoRan Copper & Gold Inc., Intel Corporation, Bank of America Corp., JPMorgan Chase & Co., Wells Fargo & Co., and Northern Trust Corporation. These employers collectively employ nearly 200,000 people in the Phoenix metropolitan area.
Finally, it’s worth noting that Phoenix’s population is predominantly made up of white non-Hispanics (45.6%), followed by Hispanics or Latinos (37.9%), black or African American individuals (7.3%), Asians (4.1%), and other races (5%). The median household income in the city was $49,969 from 2015 to 2019, with 18% of households living in poverty during that period. Overall, Phoenix is a great place to live and work for many individuals due to its robust employment opportunities and diverse population demographics.