July 17, 2014

Tech Compensation Trends

Tech SalariesTech Industry Average Annual Wages

 

While real wages may be down 8% in the US since 2006, the tech industry paid an annual average wage of $93,800 in 2012, which is 98% more than the average private sector wage of $47,400. And California tech workers earn the highest average annual wage of $123,900, according to the TechAmerica Foundation.

 

Software Services Leading

 

The Cyberstates 2013 Key Findings include that the software services sector grew by 63,900 jobs in 2012, a 3.5 percent increase. Leading the way in high-tech employment was California (968,800), Texas (485,600), New York (318,200), Virginia (285,400 – 9.8% of with private sector workforce), and Florida (270,900).

 

Leading States

 

Following California, Massachusetts tech industry workers were paid the highest annual average wage of $116,000, and Washington was in third place at $110,200. Tech wages on average were double the overall private sector wage in these states: California, Washington, Idaho, Oregon, New Mexico, Virginia, Arizona, and North Carolina. (more…)

Share

December 27, 2012

Exciting, Well-Paying Tech Jobs in 2013

Exciting, Well-Paying Tech Jobs in 2013

Tech Trends

2013 To Do List - Get Top Paying Tech JobThe recent study by 2013 Salary Guides from Robert Half Technology and The Creative Group shows exciting promise for salary gains in information technology (IT) and creative roles. There is a high demand for these professionals as companies focus on building and improving their digital communications and make investments in IT infrastructure.

 

“The pressure on salaries is being felt wherever there is competition for tech savvy talent,” stated Logan Knight, IT Recruiter at Redfish Technology. “We are seeing a trend of rising pay for top-notch IT talent extends across industries such as healthcare IT, social and mobile applications, and big data.” (more…)

Share

September 22, 2011

The Rock Stars of Silicon Valley

The Rock Stars of Silicon Valley

By Dominique Soenens, Vacature Magazine

© Griet Dekoninck

© Griet Dekoninck

Is the talent war over? 

Not in Silicon Valley.  In the technological heart of the U.S., software engineers enjoy the status almost of a rock star: companies fight to land them, their wages rose last year and they are sometimes prone to the most amazing extras.

End of June.  It’s smothering hot in Palo Alto, the university town in the heart of Silicon Valley.  People are strolling lazily down University Avenue, the tree-lined street that cuts the center in half.  On the covered patio of Starbucks, a good stone’s throw from the prestigious Stanford University, almost everybody is busy strumming on his laptop. Whether it’s a work meeting, a video meeting or a young start-upper working on the next big thing, a terrace with free Wi-Fi is a suitable area for many who work in the technology valley.

“I have a meeting soon, I just stopped in here with a friend,” said the 26-year-old technology consultant Jordan Buller, a laptop and coffee within reach.  “I studied computer science at the University of Virginia and came here because of the nice job offers that I’ve received. That was three years ago when the economy is badly made. Now it is much better. A lot of people are being recruited, and the demand is high, not only for people that graduated at top universities like Berkeley and Stanford.”  Many people come here. Did I dream of a business? Of course, everyone in Silicon Valley dreams of a business. I just have no concrete plans.”

Whether dreaming of their own project or not, engineers live (again) in a golden era in Silicon Valley.  Figures published in the NY Times indicate that this year alone, nearly 150,000 new technology jobs will be created in the U.S.. Over the last year, wages of top engineers – especially software engineers – have gone up. While the salaries for IT engineers have barely increased since the outbreak of the recent economic crisis throughout the rest of the U.S., a Dice salary survey of American experts indicates that salaries in Silicon Valley grew in 2010 by an average of 3 percent.  And this year, that percentage is much higher, by a whole lot.

“We’ve really seen the war for talent erupt over the last eight months,” said Andy Nacsin of Redfish Technology, a recruitment agency specializing in the high technology and clean technology sectors in Silicon Valley.  “Wages have since gone up by about 10 percent.  Companies are offering bonuses and shares, many companies are seriously pushing these to attract the talent they want.”

Translated with Google Translator.

Read the original article “De rocksterren van Silicon Valleyby Dominique Soenens

http://www.vacature.com/de-rocksterren-van-silicon-valley

 

Share

July 8, 2011

Tech Trends: Tech Talent Wars

Tech Trends

Tech Talent Wars

Despite gloomy overall employment numbers, we continue to hear about the demand for technology talent. The talent war is in full force in places like Silicon Valley and New York City. Wired.com recently published an article showing the talent tug of war between top Silicon Valley tech companies like Google, LinkedIn and Facebook; there is a steady stream of migration between the big names. The article cites the competition for top sales people and engineers as “extraordinary”.

Silicon Valley has been experiencing strong tech sector job growth. The computer and electronic products manufacturing sector are approximately 70,000 jobs under the dot-com boom levels; but the smaller information sector (Internet service providers, web portals and data processors) exceeded the dot-com job level in May, with about 48,000 jobs. Tech hiring has extended beyond engineering to sales and marketing. (more…)

Share

May 30, 2011

Crowd Fund Investing, Reversing the Decline in Capital Formation

Crowd Fund Investing,

Reversing the Decline in Capital Formation

Startups and Small Businesses are a critical part of our economy. They provide the majority of new jobs and salaries that are used to purchase goods (food, gas, rent), and stimulate the economy. However, Startups and Small Businesses need cash to fund their businesses and hire Americans. With the financial meltdown, the traditional means of business financing (bank loans, credit cards and venture capital) are no longer available to 98% of businesses because banks are holding on to their cash, credit card interest rates are exorbitant and private capital is only available to a select few. Without access to cash, thousands of businesses in 2011 will not start or grow and that means fewer jobs and a weaker US economy.

There is a solution. It is called crowd funding – regular Americans, choosing to invest small amounts of money in small businesses in their communities. However the SEC doesn’t allow the average American to invest at all because of regulations written almost 80 years ago.

Read on to learn about proposed commonsense modifications that the SEC should make to these regulations to provide a reasonable level of investor protection (anti-fraud & transparency) while easing the restrictions so that capital can flow to startups and small businesses from individuals who want to invest small amounts of money in them.

Reform to Allow Micro-Angel Investors

Entrepreneur Sherwood Neiss created this testimony for the House Committee on Oversight and Government Reform, United States House of Representatives.

Crowd Fund Investing (CFI) is not permitted by securities laws today but it stands to be a powerful method of financing, where groups of people will come together to invest in startups and provide valuable knowledge and experience to help an entrepreneur succeed. It will provide a way for unaccredited investors to pool their individual small contributions (likely between $50 – $500 each), and invest in companies and entrepreneurs they believe in. The funding rounds will occur on Internet platforms, which provide an added level of transparency and communication between the investors and the entrepreneurs. And “Micro-Angel Investors” will support people and businesses they believe in and in turn, help to grow the economy.

In order to make this a reality, we support creating common sense modifications to existing regulations to enable small businesses to raise capital. These reforms are modest, follow the spirit of the Securities Act of 1933 and the Exchange Act of 1934 and include:

1. Strong anti-fraud provisions
2. Limited risk and exposure for unaccredited investors
3. Transparency
4. Standards-based reporting and a
5. Limit to the amount of seed capital a company can raise

StartUp Exemption Framework

• We propose the creation of a “funding window of up to $lM” for entrepreneurs and small businesses. (“Small Business” will be defined as one with average annual gross revenue of less than $5M during the last three years or since incorporation if the business has existed for less than three years. This definition will be consistent with definitions utilized by the Small Business Administration).

• Where any individual (including unaccredited investors) can choose to invest; however investments from unaccredited investors would be limited to $10,000. (The $10,000 limit is in line with other established financial disclosure limits like those on banking transfer reporting requirements. That said, based on what is happening on Crowd Funding websites today (to be further explained below), we anticipate that the majority of individuals making Crowd Fund Investments will be below $500 each).

• Investors will have to complete a questionnaire to determine their aptitude to participate in Crowd Fund Investing and answer a series of disclosures that demonstrate they have prior experience with making investments and/or are familiar with the principles of investing and associated risks. (These safeguards provide investor protections so that Crowd Fund Investing is on par with the level of risk for other investments of this class (e.g. publically traded penny stocks)).

- Eliminate the SOO-investor limit and the broker/dealer licensing requirements for Crowd Fund Investing via this window.

- Exempt these offerings from state law registration requirements based on the limited size of the amount that can be raised, but leave intact applicable state law notice filing requirements, similar to the way SEC Rule 506 currently works.

- Allow for general solicitation on registered platforms where individuals, companies and investors can meet virtually, ideas can be vetted by the community as sort of peer review, informed decision can be made on whether or not to invest their money and crowd fund investing can take place. These platforms would provide standards-based reporting to the SEC on the entrepreneurs and small businesses utilizing the platform.

- Standardized and automated forms and procedures would be used for these financing offerings to reduce time and expense for all parties while maintaining transparency.

A similar framework is already in place in the U.K., Holland, India and China. Now is the time to make this happen in the U.S. so our economy is not left behind. We believe this framework is one that will allow for transparency, accountability, limited risk and exposure and the flow of capital.

Related Sites / Articles

Sign the Petition to Support Crowd Funding on the Startup Exemption website

Improving the landscape for organic startups

View the May 10, 2011 hearing:

“The Future of Capital Formation, Panel 1″ (1:35:55)

“The Future of Capital Formation, Panel 2” (1:06:49)

Share

142 N. Milpitas Blvd. Milpitas, CA 95035, 408-475-8260 • 360 Thames Street Newport, RI 02840, 401-398-2929 • 416 S. Main Street Hailey, ID 83333, 208-788-8260


Login