Increased innovation has led to supply gap of software engineers in bay area

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The article discusses about the Talent Shortage of Software Engineers in the Bay Area

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Increased innovation has led to supply gap of software engineers in bay area

  1. 1. Increased Innovation Has Led To Supply Gap Of Software Engineers In Bay Area Companies are focusing on getting innovation back to Bay Area e.g., Samsung opened a startup accelerator in the valley which will Contact Details Talent Neuron 3080 Olcott Street, Suite A125, Santa Clara, CA 95054 Phone: +408-716-8432 Email: info@zinnov.com act as an incubator for software startups. The company is working with startups to invest more on innovative software, especially for mobile phones. Google is also expanding; the company recently bought six 1 million square feet office space in Bay Area which can accommodate about 4,600 to 5,800 employees. Apple plans to expand its workforce in Silicon Valley by about 50 percent in the Similar Articles Executive Talent Movement – VMware Witnessing Executive Brain Drain next three years to fuel innovation for products like iPhone and iPad. Companies such as Apple, Google, eBay, VMware and Oracle collectively hired about 5,300 employees in August 2013, an increase of 26 percent compared to the same period in 2012. In addition, non-tech companies such as Target, General Electric and Ford have also setup operations in Silicon Valley to improve innovation and venture into new technologies. Due to the increased growth there is a rising demand for software engineers in Bay Area. The higher demand for talent in Bay Area has made it difficult for companies to find the right talent. In Bay Area, for nearly three job openings there is only one fresh computer science graduate. There is a need for companies to hire talent from outside Bay Area. California witnessed the highest H1B talent movement with about 28,000 H1B visa holders in 2012. In Bay Area, 25 percent of the total tech talent is from other states, while 49 percent of the tech talent is from outside US. According to Talent Neuron estimates, in 2014, approximately 35,000 new jobs are expected to be created in software development domain in Silicon Valley. However, in 2014, about 18,000 fresh graduates will be generated in Bay Area suitable for software development. In addition, according to historical migration trends, about 11,000 professionals are expected to migrate to the For more information, please contact info@talentneuron.com | www.talentneuron.com This message has been approved for distribution by Vamsee Tirukkala, CoFounder and EVP – Talent Neuron. This email is sent by Zinnov LLC. If you wish to unsubscribe from this communication please email to info@talentneuron.com
  2. 2. valley (includes both foreign and US nationals). The graph below indicates the talent shortage expected in 2014. Source: Talent Neuron Research & Analysis, Silicon Valley Index, Discussion with HR Leaders and Recruiters

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