In today’s burgeoning New York City tech ecosystem, companies have ever-increasing capacity—and need—for technical talent. Some companies develop that talent internally but all need to hire. Does New York City provide the kind of talent to satisfy this need? Check out the findings from this joint research study from Tech:NYC and Accenture.

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IN TODAY’S
BURGEONING
NEW
YORK
CITYTECH ECOSYSTEM ,
COMPANIES HAVE
EVER-INCREASING
CAPACITY—
AND NEED—FOR
TECHNICAL TALENT.
Some companies develop that
talent internally but all need to hire.

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DOES NEW YORK CITY
PROVIDE
THETALENTTO SATISFY THIS NEED?
Here’s what leading NYC tech companies have to say.

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83%
53%
WE’RE HIRING
MORE THAN
LAST YEAR
WE’LL INCREASE
OUR WORKFORCE
BY MORE THAN
20% THIS YEAR
THE NEW YORK CITY
TECH ECOSYSTEM IS
HIRING
IN2018

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DO TECH
COMPANIES FEEL
THEY CAN FIND THE
SKILLED
PEOPLETHEY NEED IN NYC?
50%
50%
WE’RE
CONFIDENT
WE’RE NOT
PARTICULARLY
CONFIDENT

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49% 33% 5% 5%
We’d face
immediate failure
We’d face a reduction
in market share
We wouldn’t be
as competitive
We wouldn’t be
able to innovate at
the same pace
INADEQUATE
TECHTALENTLEADS TO DIRE CONSEQUENCES

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57%
52%
43%
37%
35%
PRODUCT ENGINEERING
WEB ENGINEERING
ARTIFICIAL INTELLIGENCE
MOBILE
DESIGN THINKING
20%
15%
31%
19%
8%
Our priority is to
hire tech workers
with this expertise:
We expect to have
difficulty hiring people
with this expertise:
TOP 2018 HIRING
PRIORITIES
AND ANTICIPATED
CHALLENGES

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MID AND
SENIOR LEVEL
ENGINEERING
TALENT IS
THEMOST
DIFFICULT
TO FIND IN NYC
It’s difficult
finding senior
level people
with > 10 years
experience
It’s difficult
finding
mid-level
with 5-10
years
experience
We have
difficulty
finding
entry level
engineers
Really?
We have
no difficulty
hiring at
any level
38% 37%
6% 19%

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WHERE ARE
LOCAL TECH
COMPANIES
RECRUITING
TECH TALENT?
37%are only looking in New York City

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THOSE
COMPANIES
LOOKING
BEYOND
NYC
RECRUIT FROM:
15%
33%
10%
15%
20%
10%
10%
SEATTLE
SILICON
VALLEY
DENVER
CHICAGO
BOSTON
AUSTIN
ATLANTA

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WHAT
ENTICES
TECH
TALENT
TO MOVE
TO NYC?
89% 74%
Say it’s the diversity Say diversity of industries
10%
Say access to
educational institutions
44%
Say access to public
transportation
80%
Say access to cultural
institutions, entertainment,
restaurants, and sports

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4IN5COMPANIES
EXPECT TO
HIRE NEW TECH
TALENT IN 2018
75%will use the gig-economy and
leverage ecosystem alliances

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THE DEMAND FOR
TECHNOLOGY
TALENT IN NEW YORK
SHOWS THAT THE
CITY’S CONTINUED
INVESTMENT IN
THE TECHNOLOGY
ECOSYSTEM IS
PAYING
OFF.
However, we need to do more
to attract talent to the city and
ensure organizations have the
people they need to innovate.

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FOR MORE INFORMATION,
PLEASE CONTACT:
JOHN CONNOLLY
Accenture
+1 917 452 0837
john.a.connolly@accenture.com
SEAN LUDWIG
Tech:NYC
+1 347 688 4299
sean@technyc.org
ACCENTURE IN THE UNITED STATES
Accenture is a leading professional
services company providing a broad
range of services and solutions in
strategy, consulting, digital, technology
and operations. Serving 95 of the Fortune
100 and more than 70 percent of the
Fortune 500, Accenture employs an
innovation-led approach to help clients
imagine and invent their future. The
company has more than 50,000 people
and operations in 42 cities in the United
States. Accenture was named one of the
leading companies to Change the World
by Fortune magazine, and is consistently
recognized as a FORTUNE Blue
Ribbon Company. With an unwavering
commitment to inclusion and diversity,
the company appears regularly on
FORTUNE’s 100 Best Companies to Work
For and DiversityInc’s Top 50 Companies
for Diversity lists.
Visit us at accenture.com/US.
ABOUT TECH:NYC
Tech:NYC is an engaged network of
technology leaders working to foster a
dynamic, diverse, and creative New York.
The organization works with policymakers
and business leaders to support a
successful technology ecosystem, attract
and retain talent, and celebrate New York
and the companies that call it home.
Tech:NYC represents more than 600 New
York tech companies.