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10 Cities Around The World With The Most Job Opportunities

10 Cities Around The World With The Most Job Opportunities

Thanks to PricewaterhouseCoopers’ (PwC) 2014 report on Cities of Opportunity, job seekers have a handy list of some of the best cities to find a job across the world. Using 10 indicators to look at the factors that contribute to a well-balanced city, the study compared 30 different cities and ordered them based on how they rank for the most opportunities. Below, we take a closer look at the top 10.

10. Chicago

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    Today, Chicago is the third largest city in the U.S.–right after New York City and Los Angeles–with a population of 2.7 million people. Even so, PwC has ranked Chicago positively in cost, quality of life, and air quality. It’s situated in the top 10 for ease of doing business. With around 30 Fortune 500 companies based here, it’s no wonder that the job opportunities are high here.

    Job seekers here will flourish best in legal occupations, with an average salary running around $110,060 for this type of work in Chicago, says Bizjournals.com. Other high-paying jobs in the city are those in managerial positions, computer and mathematics, and architecture and engineering.

    9. Sydney

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      Sydney has long held a great reputation for work-life balance, beauty, and friendliness. PwC puts it as number one for sustainability and livability. Sydney is the center of financial, manufacturing, and cultural opportunities in Australia, making it a thriving place for business opportunities.

      8. Hong Kong

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        Hong Kong is among one of the best cities in the world for quality of life. In fact, it has one of the highest life expectancies world-wide. What’s more Hong Kong’s economy is ranked number one for economic freedom. Along with all these perks of living in Hong Kong, it’s rated number two by PwC for ease of doing business.

        7. Stockholm

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          As one of the fastest growing cities in Europe, Stockholm comes with numerous business opportunities. Stockholm is booming with a lively tech industry, with nearly 700 high-tech companies in the area. The city also focuses a lot of attention on sustainability and green technology. What’s more, according to Fortune magazine, Stockholm is one of the best cities for start-ups.

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          6. Paris

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            Paris sits at the top of PwC’s list for Intellectual Capital and Innovation. It’s full of fantastic museums, respected universities, and exceptional libraries to broaden the mind, adding a perk to individuals who choose to do business here. What’s especially great about the city is that it has some of the lowest unemployment rates in Europe, says JobsinParis.fr. Individuals in human resources, sales, and finance will find some of the highest salaries here.

            5. San Francisco

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              The thing that makes San Francisco so hot with opportunities is that it is home to some of the world’s largest companies. Plus, several huge companies like Google have outposts here. Those people in managerial positions, legal occupations, healthcare practitioning, and computer and mathematics will enjoy high salaries as reported by BizJournals.com.

              4. Toronto

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                Toronto maintains a high reputation for quality of life, ranking in the top three for safety, health, infrastructure, and security and transportation in PwC’s report. It also sits at number four for ease of doing business. Toronto thrives on distribution, industrial, and financial industries with a huge focus on banking and stocks.

                3. Singapore

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                  This city sits near the top of many lists outlined by PwC. Among these lists, it’s in the top three for transportation and infrastructure, city gateway, and ease of doing business. Singapore’s economy is heavy in electronics, chemicals, and services, and the city is a hub for wealth management, making it a fantastic place for people in a variety of industries. Medical doctors also receive some of the highest salaries here. What’s more, its economy has been ranked as the most open in the world, least corrupt, and most pro-business.

                  2. New York

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                    New York City is thriving with opportunities as the largest city in the United States, with opportunities available in a variety of industries across the board. PwC ranked the Big Apple in the top three for ease of doing business and second for most desired city for relocation. This city features huge business for stock exchanges and finance, but individuals in fashion, publishing, entertainment, technology, and more will find a wealth of opportunities here.

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                    1. London

                    from Trey Ratcliff at www.stuckincustoms.com

                      Sitting at number one for technology readiness, city gateway, and economic clout in PwC’s report, London is one of the hottest cities for job opportunities today. London is home to the most billionaires world-wide, with an economy focused on finance for international businesses. Senior executives, medical doctors, marketing and sales directors, and individuals in legal occupations will find some of the highest-paying jobs here.

                      Image Credits:
                      Chicago via Flickr by Matt Becker
                      Sydney Once Again via Flickr by Clint Sharp
                      A Symphony of Light – Hong Kong via Flickr by Spreg Ben
                      Spring Moon Over Stockholm via Flickr by Tobias Lindman
                      Paris Skyline at Sunset via Flickr by James Whitesmith
                      San Francisco Skyline Lighting via Flickr by Sudheer G
                      Hello Toronto via Flickr by Robert
                      Singapore via Flickr by Mike Behnken
                      New York City via Flickr by Rishad Daroowala
                      Approaching London via Flickr by Trey Ratcliff

                      Featured photo credit: _Davo_ via flickr.com

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                      Published on March 20, 2019

                      How to Write a Powerful Mission Statement for Your Business

                      How to Write a Powerful Mission Statement for Your Business

                      Have you ever felt lost in the minutia of your job?

                      As a business owner, I can relate to getting bogged down in the day to day operations of my business. Things like inventory, payroll, scheduling, purchasing and employee management take up the bulk of my day.

                      While these things are important and need to get done, focusing too much on the details can make you lose sight of the big picture. This is why having a good mission statement comes in handy.

                      What is a Mission Statement?

                      Put simply, a mission statement is an internal document that provides a clear purpose for the organization. It provides a common reference point for everyone in the organization to start from.

                      In other words, after reading your company’s mission statement, managers and employees should be able to answer the question “What are company’s main objectives?” For example, Southwest Airlines mission statement reads:[1]

                      “Southwest Airlines is dedication to the highest quality of Customer Service delivered with a sense of warmth, friendliness, individual pride, and Company Spirit. We are committed to provide our Employees a stable work environment with equal opportunity for learning and personal growth.”

                      In this single statement, Southwest conveys the company’s goals of providing the highest level of customer service as well as providing a good working environment for their employees.

                      Mission Statement VS. Vision Statement

                      While the mission and vision statements are related, there are subtle but distinct differences the you should be aware of.

                      First of all, a mission statement is designed primarily as an internal company document. It provides clarity and direction for managers and employees.

                      While there’s nothing wrong with sharing your company’s mission statement with the outside world, its intended audience is within the company.

                      While a mission statement provides a general framework for the organization, the vision statement is usually a more inspirational statement designed to motivate employees and inspire customers. Going back to Southwest Airlines, their vision statement reads:[2]

                      “To become the world’s most loved, most flown, and most profitable airline.”

                      This statement inspires good feeling from the customer while motivating the employees to achieve that vision.

                      What Does a Good Mission Statement Look Like?

                      When coming up with a mission statement, it’s important to take your time and do it right. Too often, people (especially entrepreneurs) just write down the first thing that comes to mind and they end up with worthless or (worse yet) a generic mission statement that is utterly useless.

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                      Remember, a mission statement should provide a common framework for everyone in your organization.

                      When writing a mission statement, you should always try to incorporate the following;

                      • What we do?
                      • How we do it?
                      • Whom do we do it for?
                      • What value are we bringing?

                      Now, you can see how tempting it is to just come up with something generic that ticks off those four boxes. Something like “We provide the best widgets available online for the consumer.”

                      After all, that did check off all the boxes:

                      What we do? Provide widgets.

                      How we do it? Online.

                      Who do we do it for? The consumer.

                      What value we bring? The best widgets.

                      The problem with this mission statement is that it could apply to any number of companies producing the same widget. There is nothing to distinguish your company or its widgets from any of your competitors widgets.

                      Compare that mission statement to this one:

                      “We provide the highest quality widgets directly to the consumer at an affordable price backed up with a 100% satisfaction guarantee. If our clients aren’t 100% satisfied, we’ll make it right.”

                      What’s the difference?

                      Both mission statements answer all the same questions of what, how, whom and value. But in the second statement, they are differentiating their company from all other competitors by answering the question “what makes us unique”.

                      Another way to read that is, “Why you should buy from us.” In this example, it’s because our widgets are of the highest quality and we stand behind them 100%.

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                      You might have noticed the statement didn’t say that we sell widgets at the lowest possible price. That’s because we are emphasizing quality and satisfaction over price.

                      A different company’s mission statement may emphasize selling widgets at the lowest possible price with little to no mention of a guarantee.

                      Hallmarks of a Good Mission Statement

                      1. Keep It Brief

                      Your mission statement should be no longer than three sentences. This is not your company’s magnum opus.

                      You should be able to distill the what, how, who and why questions into a succinct message.

                      2. Have a Purpose

                      A company’s missions statement should include the reason it even exists.

                      Make clear exactly what the company does with statements like “We strive to provide our customers with …….”

                      3. Include a “How”

                      Take this as an opportunity to differentiate your company from its competitors.

                      How do you provide a product or service that’s different or better than how your competitor provides it?

                      4. Talk About the Value You Bring to the Table

                      This is where you can really set yourself apart from the competition. This is the “why” customers should buy from you.

                      Do you offer the lowest prices? Fastest delivery? Exceptional customer service? Whatever it is that sets you apart and gives your particular products, services or company an advantage talk about it in the mission statement.

                      5. Make Sure It’s Plausible

                      It’s okay to shoot for the stars just to settle for the moon, but not in a mission statement.

                      Being overly ambitious will only set you and your employees up for failure, hurt morale and make you lose credibility. You will also scare away potential investors if they think that you are not being realistic in your mission statement.

                      6. Make It Unique and Distinctive

                      Imagine if someone who knew nothing about your business walked in and saw how it was operating, then they read your mission statement. Would they be able to recognize that mission statement was attached to that business? If not re-work it.

                      7. Think Long Term

                      A mission statement should be narrow enough so that it provides a common framework for the existing business, but open enough to allow for longer term goals. It should be able to grow as the business grows.

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                      8. Get Feedback

                      This is very important, especially from managers and employees.

                      Getting their input can clarify how they currently see the company and their role within the organization. It’s also a good way to get people “on-board,” as studies show that people are more likely to go along with an idea if they feel included in the decision making process beforehand.

                      9. Review Often and Revise as Necessary

                      You should review the missions statement often for two reasons.

                      First, as a reminder of what the essence of the company is. It’s easy to forget when you are in the day to day grind of the business.

                      And two, to make sure that the mission statement is still relevant. Things change, and not everything can be anticipated at the time a mission statement was written.

                      For example, if a mission statement was written before the advent of the internet, a company that use to sell things door to door now probably has a website that people order from. You should always update the mission statement to reflect these changes.

                      The Value of Mission Statements: Why Go Through All of These in the First Place?

                      It may seem like a lot of work just for a few sentences that describe a company, but the value of a well written mission statement should not be discounted.

                      First of all, if you are an entrepreneur, crystallizing the what, how, whom and value questions will keep you focused on the core business and its values.

                      If you are a manager or other employee, knowing the company’s basic tenants will help inform your interactions with both customers and colleagues alike.

                      Strategic Planning

                      A relevant mission statement acts as a framework for strategic planning. It provides guidance and parameters for making strategic decisions for the future of the company.

                      Measuring Performance

                      By having the company’s mission in a concrete form, it also allows for an objective measurement of how well the organization is meeting its stated goals at any one time.

                      Management can identify strengths and weaknesses in the organization based on the criteria set forth in the mission statement and make decisions accordingly.

                      Solidifying the Company’s Goals and Values for Employees

                      Part of a well run organization is nurturing happy and productive employees.

                      As humans, we all have an innate need for both purpose and to be part of something larger than ourselves. Providing employees with a clearly defined mission statement helps to define their role in the larger organization. Thus, fulfilling both of these needs.

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                      Now I’m not saying that a mission statement can overcome low pay and poor working conditions, but with everything else being equal, it can contribute to a happier and more productive workforce.

                      To Hold Management Accountable

                      By creating a mission statement, a company is publicly stating its highest values and goals for the world to see. By doing so, you are inviting both the public and your employees to to scrutinize how well the company lives up to its ideals.

                      So if you state that you only provide the highest quality products, and then offer something less, it’s fair for both the public and the employees to question, and even call for a change in management.

                      If management doesn’t take the mission statement seriously, no one else will either; and the legitimate authority that management rely’s on will be diminished.

                      To Serve as an Example

                      This is the opposite side of the coin from the previous statement. If the highest levels of management are seen taking the mission statement seriously and actively managing within the framework of the statement, that attitude filters down throughout the organization.

                      After all, a good employee knows what’s important to their boss and will take the steps necessary to curry favor with them.

                      Finally, use the company’s mission statement as a way to define roles within the company. You can do this by giving each division in the company a copy of the mission statement and challenge the head of each division to create a mission statement for their respective departments.

                      Their individual mission statements should focus on how each department fits in and ultimately contributes to the success of the company’s overall mission statement. This serves as both a clarifying and a team building exercise for all parts of the organization.

                      Final Thoughts

                      Developing a mission statement is too often just an after-thought, especially for entrepreneurs. We tend to prioritize things that we perceive will give us the biggest “bang for our buck.”

                      Somehow, taking the time and effort to sit down and think seriously about the what, whom, how and value of our business seems like a waste of time. After all, we got in the business to make money and become successful, isn’t that all we need to know?

                      That mindset will probably get you started okay, but if you find yourself having any success at all, you’ll find that there really is such a thing as growing pains.

                      By putting in the time and effort to create a mission statement, you are laying the groundwork that will give you a path to follow in your growth. And isn’t building long term success what we are really after?

                      More Resources About Achieving Business Success

                      Featured photo credit: Fab Lentz via unsplash.com

                      Reference

                      [1] Southwest Airlines: About Page
                      [2] Fit Small Business: 10 Vision Statement Examples To Spark Your Imagination

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