Hiring Trends – StartUps Silicon Valley Bank

Tech Needs Talent!

Clean Tech and High Tech Trends

Eighty seven percent of technology startups plan to hire new employees in 2013, which is great news for tech talent. But it means competition for companies trying to attract and retain excellent human capital.

A new report by Silicon Valley Bank shows that in the US, hiring by technology, life science and cleantech companies is up 14% from four years ago when the annual survey began. Software companies plan to do the most hiring, with 90% planning to increase the size of their workforces this year.

The Startup Outlook study, conducted by SVB indicates that 74% of U.S. startups report that business is looking better this year. Texas startups are leading the hiring, followed by the states of Washington, Massachusetts, California, and New York.

The skills that are in highest demand are Science, Technology, Engineering, and Math, as well as other business skills in management, operations, sales, and marketing, with most companies seeking a combination of STEM skills and business aptitude.

Startup employers face the challenges of funding salaries and benefits, and competition for needed talent. “Tech companies are a bright spot in the economy worldwide, which is evident from the significant number of startups in the US and the UK that expect to grow and hire this year,” said Greg Becker, president and CEO of Silicon Valley Bank.

A very spiffy interactive hiring report can be engaged with for both the US and the UK on SVB’s website.  Results of the survey are being released in a series of reports, which are available at http://www.svb.com/startup-outlook-report.