Can the “insatiable” hiring beast known as Silicon valley finally be taking a breather? What does this mean for the local market and other tech firm hiring across the country. Wanted Analytics brings us the details:
The last time we reported on hiring in the Silicon Valley, we noticed that demand was growing at a much slower pace in 2013 than it experienced in the past. It doesn’t seem that hiring demand has picked up much in the past 2 months. Overall, the number of job ads in this area is up 7.8% compared to last year. This is significantly less growth than was seen last year, when hiring grew 25% between October 2011 and October 2012. San Francisco accounted for the most hiring, with about 178,000 jobs available last month. The San Jose metro area had about 80,000 job ads posted online during October.
Hiring Demand for the Silicon Valley
Tech hiring is still most common in the Silicon Valley. In total, there were 58,000 tech jobs available during October, which is about 22% of all hiring demand for these 2 cities. However, the number of ads for tech positions was relatively the same from last year, only increasing 0.4%. In comparison, management jobs (including marketing, sales, operations, etc) increased 11%, sales occupations grew 15%, administrative hiring was up 13%, and financial positions increased 10%. Below are the 10 occupations that had the most job ads online during October and their year-over-year change. Although there are 3 tech jobs on this list, they had the least growth or even declined compared to last year.
|Occupation||Volume||YOY % Change|
|Software Developers, Applications||14,949||2.00%|
|First-Line Supervisors of Retail Sales Workers||5,541||13.60%|
|Network and Computer Systems Administrators||4,383||-1.00%|
|First-Line Supervisors of Food Preparation and Serving Workers||3,610||36.70%|
|First-Line Supervisors of Office and Administrative Support Workers||3,572||29.40%|
|Customer Service Representatives||3,394||28.20%|
Our Hiring Scale shows that jobs in the Silicon Valley are likely to be harder than average to recruit. The national score on the Hiring Scale is a 43, whereas the Silicon Valley scores a 58. Of the jobs above, Web Developers are likely to be the hardest for Recruiters in this area to source candidates. This job scores a 93 for San Francisco and San Jose, which is also slightly higher than the national score of 92. Despite seeing a decline in demand over the past year, our candidate supply estimates that there are about 4,800 Web Developers currently working in the San Francisco and San Jose area. However, last month there were over 5,100 jobs available. Although demand seems to be slowing, there is still a shortage of qualified candidates in the area, making these jobs very hard-to-fill. Marketing Managers and Network and Computer Systems Administrators are also difficult-to-recruit, both scoring a 90 on the Hiring Scale.