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Silicon Valley is facing an 'exodus of young employees' and recruiting tech talent is becoming harder, new survey reveals

By anonymous follow anonymous   2019 Apr 6, 12:40am 228 views   0 comments   watch   nsfw   quote   share    

Tech talent is becoming harder to come by in Silicon Valley as other cities become powerful innovation hubs and attract workers, a recent survey by the Brunswick Group found.

The Brunswick Group said that about half of the Bay Area tech workers it surveyed said it's becoming harder to find and recruit talent.

Respondents also said Silicon Valley was seeing more competition from other cities and countries that are drawing some of the top talent away from California.

Forty-one percent of 18- to 34-year-old tech workers surveyed said they planned to leave the Bay Area in the next year.

A recent survey of 300 tech employees in Silicon Valley found that 49% said they expected a region outside the San Francisco Bay Area to emerge as a center of innovation. A report on the survey, compiled by the Brunswick Group, said that most of the tech workers — 74% — said they expected China to become more of a competitive threat to Silicon Valley's tight grip on the tech industry in the next five years.

The Brunswick Group said that even as more jobs in tech emerge, about half of workers surveyed said it's harder to find and recruit talent now than it was a year ago. That could be because the younger generation of tech workers is looking outside Silicon Valley for work — 41% of 18- to 34-year-olds surveyed said they planned to leave the Bay Area in the next year.


Brunswick Group One Page Infographic

Brunswick Group Study Overview, full report can be accessed thru the link:

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