- Technical talent is becoming increasingly difficult to pass by in Silicon Valley, as other cities become powerful innovation hubs and attract workers, according to a recent report.
- A survey conducted by the Brunswick group reveals that about half of Bay Area tech workers surveyed say that finding and recruiting talent is becoming more difficult.
- Respondents also said that Silicon Valley sees more competition from other cities and countries that draw some of the best talents from California.
- 41% of the technical workers surveyed, aged 18 to 34, said they were planning to leave the Bay Area next year.
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Silicon Valley is known as the center of technology and innovation, but people in the industry notice its dominance is beginning to slip.
A recent study by Silicon Valley technicians found an estimated 49% expecting another region outside the San Francisco Bay Area to emerge as an "innovation center". The report, prepared by the Brunswick Group, says that the majority of investigated technicians ̵
The report also found that although more jobs in technology continue to emerge, half of investigated workers are now finding it more difficult to find and recruit talent than it was a year ago. This may be due to the younger generation of technical workers looking outside of Silicon Valley for work – 41% of the technical workers surveyed aged 18 to 34 said they were planning to leave the Bay Area next year.
Despite the expected decline in technological talent and the increase in industrial competition, Silicon Valley is still optimistic about the future. More than half of technicians said they expect to see their companies grow and think Silicon Valley's best days are still ahead.
Read full tire from the Brunswick Group's technology talent survey: