- Technology talent is becoming increasingly difficult in the Silicon Valley, as other cities are becoming powerful innovation nodes and involve workers, according to a recent report.
- The Brunswick Group survey shows that around half of the Bay Area employees surveyed find it harder to find and hire talent.
- Respondents also said that the Silicon Valley sees more competition from other cities and countries that attract some of California's greatest talent. 41% of technicians polled at the age from 18 to 34 years stated that they planned to leave the area of the bay next year.
- Visit the Business Insider home page for additional stories.
The Silicon Valley is known as the center of technology and innovation, but people in the industry notice that its domination begins to slip. A recent study by technical staff in the Silicon Valley showed that 49% are expected to expect a different region outside the San Francisco Bay Area to become the "center of innovation." The report, compiled by the Braunschweig Group, says that the majority of technicians surveyed ̵
The report also found that even after increasing the number of jobs in technology, half of the interviewed workers believe that it is harder to find and hire talent than it was a year ago. This may be because the younger generation of technical workers is looking for work outside the Silicon Valley – 41% of technicians polled, aged 18 to 34, said they plan to leave the gulf next year.
Despite the expected decline in technical talent and increased competition in the industry, the Silicon Valley is still optimistic about the future. More than half of the technical staff said they expect their companies to grow and believe that the best days of the Silicon Valley are still ahead.
Read the full Brunswick talent survey talent: