The Rock Stars of Silicon Valley

Filed under: High Tech / IT / Software, Industry Info, Jobs/Employment

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

 

Overcoming Relocation Hurdles

Filed under: Employer, Hiring Strategies, Human Resources / Capital, Recruiter / Recruiting, Talent Acquisition, Talent Retention

Overcoming Relocation Hurdles in Talent Acquisition and Retention

Greg Schreiner

Greg Schreiner

By Greg Schreiner, Executive Recruiter, Clean Tech Talent Manager

Despite the high rate of unemployment, finding the right talent remains an issue. A recent survey by Robert Half reported that just over half the executives reported that it is difficult to find skilled professional talent currently.

When finding the right talent locally doesn’t pan out, relocation is often the only alternative. And while relocation adds to the human resources expense, the majority of firms recognize the importance of this component in attracting the talent they want. The 2010 Atlas Van Lines Corporate Relocation Survey reports that 67% of companies offered incentives to encourage relocations in 2010. Financial and other incentives can overcome the hurdles to relocation. Read more »

Staffing & Employment News

Filed under: Candidate / Job Seeker, Employer, Recruiting, Staffing & Employment News

Staffing & Employment News

Losing Momentum

Friday’s BLS economic report clearly shows that momentum in the labor market has stalled: nonfarm private payrolls increased by a meager 17,000, but as government payrolls declined by 17,000 the net job creation for August was nil. This is the lowest increase in private payrolls since February 2010, and the 4th consecutive month of weak growth. In the last consecutive 18 months, the economy did add 2.4 million private sector jobs.

What is the problem?

 The pundits cite: The Verizon Communications strike that caused decline of approximately 45,000 in nonfarm payrolls last month. The recent federal debt ceiling debate fiasco, the S&P downgrade, and the stock market debacle of August. The Conference Board Consumer Confidence Index published for the month also showed a sharp decline. The lack of demand is by far the largest problem, leading to this slow pace of hiring, especially in small firms in “core” services. And yet, thankfully, for the moment layoffs have not picked up.

Staffing Professionals Predict

Staffing organizations and recruiters seem to have a more optimistic projection. Read more »

Winning the Tech Talent War, by Andy Nacsin, Executive Recruiter at Redfish Technology

Filed under: Best Practices, Employer, Hiring Strategies, Human Resources / Capital, Redfish Speaks, Talent Acquisition, Talent Retention

Winning the Tech Talent War

Andy Nacsin

Andy Nacsin

by Andy Nacsin, Executive Recruiter 

In today’s economic situation, companies are facing multiple new challenges when it comes to staffing.  According to Forrester Research, today’s recruiting growth rate prediction is at 8%.  Many theorists believe that this is because of the looming talent shortage and disconnect between positions open and skills of candidates applying.  Another factor is that companies, while emerging from recession, are still remaining cautious on spending and are very selective when acquiring talent, regardless of their growing need to add headcount.  Our nationwide overall unemployment rate has been hovering around 10%, and yet when we take a closer look within technology these numbers are closer to 4%.  Other considerations that are affecting this climate are employee turnover, Baby Boomers retiring, more restrictive policies on foreign workers, companies resistant to relocation costs, and overall reluctance from employees to change jobs.  So our challenge is how to cope with a growing talent shortage within the high tech and green tech industries.

The battle for top sales people and engineers is extraordinary in Silicon Valley and New York – These are our Talent War battle zones.  The majority of technology growth occurs in these two large geographic regions and they also typically house the greatest number of top tier talent.   Read more »

Jobs Growth Anemic, yet Senior Talent in Shortage in Certain Sectors

Filed under: Recruiting, Staffing & Employment News, Talent Acquisition

Jobs Growth Anemic, yet Senior Talent in Shortage in Certain Sectors

ADP/BLS

Leading up to the BLS employment report on Friday, ADP estimated private payrolls rose 114,000 in July. The BLS figures came in 117,000 nonfarm employment and 154,000 in total private employment. Gains were seen in health care, retail trade, manufacturing, and mining; while Government employment continued to decline. Manufacturing employment increased in by 24,000, professional and technical services increased by 18,000, Government employment decreased by 37,000. The unemployment rate stayed put at 9.1% (13.9 million people).

AESC / Executive Search

According to the Association of Executive Search Consultants’ (AESC), 66% of search professionals have a positive prediction for their industry in the second half of the year.  The biggest growth in demand for senior talent is in the Energy/Natural Resources sector. The United States is experiencing a “sustained resurgence of demand” according to AESC President, Peter Felix. Worldwide, the General Management/CEO/COO functions are anticipated to experience the greatest shortage of talent, followed by Business Development and then Engineering. Read more »

The Anatomy of a Job Description, and Other Pointers

Filed under: Best Practices, Employer, Hiring Strategies, Redfish Speaks, Talent Acquisition

The Anatomy of a Job Description, and Other Pointers

Ryan Thomson

Ryan Thomson

By Ryan Thomson,
Executive Recruiter,
Clean Tech Talent Division

What is the purpose of a job description? It is of course an administrative document. It does serve to establish a description of an employment work contract. But in terms of recruitment, it is a marketing tool that should attract the attention of the talent you are seeking. Read more »

Market and Talent Competition Heating Up, Redfish Introduces Webinar on Closing Candidates in a Hot Job Market

Filed under: Industry Info, Jobs/Employment, Tech Trends

Closing Candidates:

A How To in a Hot Job Market

Webinar - Closing Candidates: A How To in a Hot Job Market

 

“As the market heats up, candidates no longer go months without returned phone calls, but rather, quite the opposite,” reports Executive Recruiter Joanna Bradley. “With a positive shift in the economy comes a new set of challenges that hiring managers must be prepared to combat.” As a corporate matchmaker, it is Redfish’s mission to help companies find their ideal candidates. In response to changing market conditions, Redfish has been advising companies on evolving talent acquisition strategies. The dialogue continues in the first of a new series of webinars for hiring managers in the High Tech and Green Tech industries: “Closing Candidates: A How To in a Hot Job Market.” Closing candidates is an important skill in any environment, but it becomes especially important as the economy transitions. After dozens of phone interviews, multiple on-site meetings, team meetings and reference checks, the time and costs of your hiring process are already adding up. The competitive edge can be dulled if time is wasted on an unsuccessful hiring process. Read more »

Market and Talent Competition Heating Up, Redfish Introduces Webinar on Closing Candidates in a Hot Job Market

Filed under: Best Practices, Employer, Hiring Strategies, Recruiting, Staffing & Employment News, Talent Acquisition

Market and Talent Competition Heating Up, Redfish Introduces Webinar on Closing Candidates in a Hot Job Market

“As the market heats up, candidates no longer go months without returned phone calls, but rather, quite the opposite,” reports Executive Recruiter Joanna Edwards. “With a positive shift in the economy comes a new set of challenges that hiring managers must be prepared to combat.”

Webinar - Closing Candidates: A How To in a Hot Job Market

Closing Candidates: A How To in a Hot Job Market

 

As a corporate matchmaker, it is Redfish’s mission to help companies find their ideal candidates. In response to changing market conditions, Redfish has been advising companies on evolving talent acquisition strategies. The dialogue continues in the first of a new series of webinars for hiring managers in the High Tech and Green Tech industries: “Closing Candidates: A How To in a Hot Job Market.”

Read more »

Tech Trends: Tech Talent Wars

Filed under: High Tech / IT / Software, Industry Info, Jobs/Employment, Tech Trends

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. Read more »

The Right Talent Critical for Business Growth Strategy Implementation, Say Leading CEOs

Filed under: Employer, Human Resources / Capital, Talent Acquisition, Talent Retention, Training

The Right Talent Critical for Business Growth Strategy Implementation, Say Leading CEOs

The CEO Challenge 2011 cites Growth and Talent as the most critical challenges. After years of scaling back, driving business growth emerges as top concern for corporate leadership. Talent management and innovation are the most critical vehicles for business growth strategies today. Read more »