Over the last few years, many organizations have taken a more intentional approach to recruiting and hiring. More than ever, organizations are looking at ways to recruit top-level candidates and retain them long-term. We have been experiencing a very tight labor market nationally and internationally, and the Louisville area is no different.
Louisville is the largest city in the Commonwealth of Kentucky and ranks the 28th most populous city in the United States. The city of Louisville is located on the Falls of the Ohio River. Jefferson County in Kentucky and Clark and Floyd counties in Indiana make up the Louisville Metropolitan area. The 2021 census reports that the population of these three counties sits at just around 830,000 residents. The US News & World Report ranks Louisville as #64 in Best Places to Live and #104 Best Places to Retire.
This great city is known as the birthplace of Muhammad Ali, Kentucky Fried Chicken, Louisville Slugger baseball bats, and of course, the Kentucky Derby. The Louisville Metropolitan area is home to four Fortune 500 Companies, United Parcel Service, Kindred Healthcare, Yum Brands, and Humana.
According to the Greater Louisville Chamber of Commerce, the Metropolitan Louisville area has a lot to offer. Including a variety of landscapes, lifestyles, and thriving industries that include manufacturing, food & beverage, healthcare, business services, e-commerce/logistics, and technology.
According to data from the US Bureau of Labor Statistics, the Metropolitan Louisville area’s unemployment rate is hovering around 3.4%. The State of Kentucky’s unemployment rate is sitting at approximately 3.7%.
Kentucky’s population is expected to increase by more than six percent through 2050, according to a report by The Kentucky Data Center at the University of Louisville. The top counties in the Louisville Metropolitan area are Jefferson County in Kentucky and Clark and Floyd counties in Indiana.
Jefferson County is located in the north-central region of Kentucky. Jefferson County is the most populous county in the state, with a population of over 780,000. Jefferson County has seen a growth rate of 2.79% since 2010. The demographic makeup of the county is 70.9% White, 22.8% Black or African American, 0.2% Native American, 3.3% Asian, 0.1% Pacific Islander, and 2.8% from two or more races. 6.6% of the population were Hispanic or Latino of any race. Jefferson County is home to Jeffersontown and Louisville. Some of the major employers in Jefferson County are UPS (25,090), Humana (12,360), Norton Healthcare (13,828), and Ford (13,020). The median household income is $58,196.
Clark County is located directly across the Ohio River from Louisville, Kentucky. According to the most recent United States census, the population is 122,738. Data USA indicates that Clark County has seen a 0.775% increase since 2019. The demographic makeup of the county is 86.8% White, 8.5% Black or African American, 0.5% Native American, 1.3% Asian, 0.1% Pacific Islander, and 2.9% from two or more races. 6.0% of the demographic makeup were Hispanic or Latino of any race. Two of the largest cities located in Clark County are Charlestown and Jeffersonville. Some of the larger employers in this area are Clark Memorial Hospital (1,225), the US Bureau of the Census (over 2,000), and Amazon (over 5000). The median income for the Clark County area is $57,111.
Floyd County is the smallest of the three counties that make up the Louisville Metropolitan Area and the second smallest land area in the entire state of Indiana. The largest cities and towns are New Albany, Georgetown, and Greenville. The most recent census indicates that the population is 80,454. The demographic makeup of the county is 90.0% White, 5.8% Black or African American, 0.4% Native American, 1.3% Asian, 0.1% Pacific Islander, and 2.5% from two or more races. 3.9% of the demographic makeup were Hispanic or Latino of any race. Some of the larger employers in the Floyd County area include Floyd Memorial Hospital (1,756), Beach Mold & Tool (600), and Samtec (7,500). The median household income is $67,603.
Source: Mikehallna, Wikipedia
The numbers are moving in the right direction for the Louisville Metropolitan area, but organizations still find it challenging to attract top talent and retain their current employees. Designing a strategy that fits your organization can seem daunting. Incipio Workforce Solutions can partner with you to look at the big picture for your organization. We have a four-pronged approach when working with our customers that allow us to come alongside organizations and not just hire people but help you organically build your business through recruiting, workforce alignment, human resource services, and employer branding.
Incipio Workforce Solutions is a strategic partner in helping businesses thrive through recruiting, HR solutions, direct hire recruiting, employer branding, team building, and more! Since 2015, Incipio has been on a mission to transform the way companies attract, engage, and delight their team members. Our professional services break down the challenges you face and create manageable goals, obtainable standards, and process improvements to reorganize, revitalize, and redefine what was into what is possible. Comprised of expertise in HR, Recruiting, Employer Branding, and Service, Incipio gives companies the tools they need to successfully manage their employee experience from interview to retirement. For more information on how we can help you and your business, call us at 502-409-4821 or email us at [email protected].