Quick notes: Industry Outlook on technology hubs

Silicon Valley

Silicon Valley (Photo credit: Patrick Rasenberg)

 

Regional technology hubs outperform Silicon Valley/Bay Area

  • Technology, construction and life sciences show biggest growth in net hiring
  • Women in Boston and Silicon Valley have smallest salary gap compared to national average of 23%

A monthly analysis of small business employment and human capital economic indicators, shows a month-over-month net job growth in white-collar sectors, particularly technology. On the gender side, the report shows a closing of the female/male worker salary gap in some regions and job functions.

Key findings include:

  • Technology hubs of Boston, New York and Atlanta achieved greater than 2% job creation, outpacing Silicon Valley at 1.12%. Key regional technology hubs have been outperforming Silicon Valley in net job growth since March 2013.
  • Start up and technology firms are gravitating to regions outside Silicon Valley as a result of favorable changes in regulation, influx of VC funding and healthy ecosystems that foster tech growth such as a strong source of qualified professionals.
  • Women are closing the female/male worker salary gap in some regions and job functions.
    • Women tech-workers in Silicon Valley/Bay Area and Boston have lowest salary gap[ 1] compared to their male counterparts.  The gap is 18.5%, compared to a national average of 23%.
    • Women in executive positions in the Silicon Valley/Bay Area perform the best in female/male salary comparisons with a gap of just 3%.
    • Women in software engineering positions in New York Area perform the best in female/male salary comparisons with a 9.1% gap
  • There is positive growth across all industry verticals. The biggest growth in net hiring came from the technology (1.49%), construction (1.48%) and life sciences (1.01%) sectors.

Follow the Magazine:
https://businessleadershipmanagement.wordpress.com/subscribe-follow-the-magazine/
(After you have filled in your email address in the column at the right hand side of the screen, a confirmation email will sent to your email address. You will have to confirm it before subscription begins)

Follow us on Twitter:
https://twitter.com/BusinessLeaders

Like us on Facebook:
https://www.facebook.com/BusinessLeadershipManagement

**As part of the Magazine’s drive to reward subscribers/followers, we will be providing subscribers/followers special access to exclusive content which will not be otherwise available to normal visitors. Please be sure to subscribe to the Magazine. Many visitors have given us positive comments that they will be bookmarking the site, but as the system is unable to capture a working email address to which the passcodes for exclusive content will be sent, they will miss out on this content. Do note that passcodes are locked to each exclusive content, not a one-for-all access, so do provide a working email address that you check regularly so as not to miss out on them!
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s