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Tech companies in NYC plan to hire tech talent in 2018

In today’s burgeoning New York City tech ecosystem, companies have ever-increasing capacity—and need—for technical talent. Some companies develop that talent internally but all need to hire. Does New York City provide the kind of talent to satisfy this need? Check out the findings from this joint research study from Tech:NYC and Accenture.

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Tech companies in NYC plan to hire tech talent in 2018

  1. 1. | COPYRIGHT © 2018 ACCENTURE. ALL RIGHTS RESERVED. ACCENTURE, ITS LOGO, AND HIGH PERFORMANCE DELIVERED ARE TRADEMARKS OF ACCENTURE. 1 IN TODAY’S BURGEONING NEW YORK CITYTECH ECOSYSTEM , COMPANIES HAVE EVER-INCREASING CAPACITY— AND NEED—FOR TECHNICAL TALENT. Some companies develop that talent internally but all need to hire.
  2. 2. | COPYRIGHT © 2018 ACCENTURE. ALL RIGHTS RESERVED. ACCENTURE, ITS LOGO, AND HIGH PERFORMANCE DELIVERED ARE TRADEMARKS OF ACCENTURE. 2 DOES NEW YORK CITY PROVIDE THETALENTTO SATISFY THIS NEED? Here’s what leading NYC tech companies have to say.
  3. 3. | COPYRIGHT © 2018 ACCENTURE. ALL RIGHTS RESERVED. ACCENTURE, ITS LOGO, AND HIGH PERFORMANCE DELIVERED ARE TRADEMARKS OF ACCENTURE. 3 83% 53% WE’RE HIRING MORE THAN LAST YEAR WE’LL INCREASE OUR WORKFORCE BY MORE THAN 20% THIS YEAR THE NEW YORK CITY TECH ECOSYSTEM IS HIRING IN2018
  4. 4. | COPYRIGHT © 2018 ACCENTURE. ALL RIGHTS RESERVED. ACCENTURE, ITS LOGO, AND HIGH PERFORMANCE DELIVERED ARE TRADEMARKS OF ACCENTURE. 4 DO TECH COMPANIES FEEL THEY CAN FIND THE SKILLED PEOPLETHEY NEED IN NYC? 50% 50% WE’RE CONFIDENT WE’RE NOT PARTICULARLY CONFIDENT
  5. 5. | COPYRIGHT © 2018 ACCENTURE. ALL RIGHTS RESERVED. ACCENTURE, ITS LOGO, AND HIGH PERFORMANCE DELIVERED ARE TRADEMARKS OF ACCENTURE. 5 49% 33% 5% 5% We’d face immediate failure We’d face a reduction in market share We wouldn’t be as competitive We wouldn’t be able to innovate at the same pace INADEQUATE TECHTALENTLEADS TO DIRE CONSEQUENCES
  6. 6. | COPYRIGHT © 2018 ACCENTURE. ALL RIGHTS RESERVED. ACCENTURE, ITS LOGO, AND HIGH PERFORMANCE DELIVERED ARE TRADEMARKS OF ACCENTURE. 6 57% 52% 43% 37% 35% PRODUCT ENGINEERING WEB ENGINEERING ARTIFICIAL INTELLIGENCE MOBILE DESIGN THINKING 20% 15% 31% 19% 8% Our priority is to hire tech workers with this expertise: We expect to have difficulty hiring people with this expertise: TOP 2018 HIRING PRIORITIES AND ANTICIPATED CHALLENGES
  7. 7. | COPYRIGHT © 2018 ACCENTURE. ALL RIGHTS RESERVED. ACCENTURE, ITS LOGO, AND HIGH PERFORMANCE DELIVERED ARE TRADEMARKS OF ACCENTURE. 7 MID AND SENIOR LEVEL ENGINEERING TALENT IS THEMOST DIFFICULT TO FIND IN NYC It’s difficult finding senior level people with > 10 years experience It’s difficult finding mid-level with 5-10 years experience We have difficulty finding entry level engineers Really? We have no difficulty hiring at any level 38% 37% 6% 19%
  8. 8. | COPYRIGHT © 2018 ACCENTURE. ALL RIGHTS RESERVED. ACCENTURE, ITS LOGO, AND HIGH PERFORMANCE DELIVERED ARE TRADEMARKS OF ACCENTURE. 8 WHERE ARE LOCAL TECH COMPANIES RECRUITING TECH TALENT? 37%are only looking in New York City
  9. 9. | COPYRIGHT © 2018 ACCENTURE. ALL RIGHTS RESERVED. ACCENTURE, ITS LOGO, AND HIGH PERFORMANCE DELIVERED ARE TRADEMARKS OF ACCENTURE. 9 THOSE COMPANIES LOOKING BEYOND NYC RECRUIT FROM: 15% 33% 10% 15% 20% 10% 10% SEATTLE SILICON VALLEY DENVER CHICAGO BOSTON AUSTIN ATLANTA
  10. 10. | COPYRIGHT © 2018 ACCENTURE. ALL RIGHTS RESERVED. ACCENTURE, ITS LOGO, AND HIGH PERFORMANCE DELIVERED ARE TRADEMARKS OF ACCENTURE. 10 WHAT ENTICES TECH TALENT TO MOVE TO NYC? 89% 74% Say it’s the diversity Say diversity of industries 10% Say access to educational institutions 44% Say access to public transportation 80% Say access to cultural institutions, entertainment, restaurants, and sports
  11. 11. | COPYRIGHT © 2018 ACCENTURE. ALL RIGHTS RESERVED. ACCENTURE, ITS LOGO, AND HIGH PERFORMANCE DELIVERED ARE TRADEMARKS OF ACCENTURE. 11 4IN5COMPANIES EXPECT TO HIRE NEW TECH TALENT IN 2018 75%will use the gig-economy and leverage ecosystem alliances
  12. 12. | COPYRIGHT © 2018 ACCENTURE. ALL RIGHTS RESERVED. ACCENTURE, ITS LOGO, AND HIGH PERFORMANCE DELIVERED ARE TRADEMARKS OF ACCENTURE. 12 THE DEMAND FOR TECHNOLOGY TALENT IN NEW YORK SHOWS THAT THE CITY’S CONTINUED INVESTMENT IN THE TECHNOLOGY ECOSYSTEM IS PAYING OFF. However, we need to do more to attract talent to the city and ensure organizations have the people they need to innovate.
  13. 13. | COPYRIGHT © 2018 ACCENTURE. ALL RIGHTS RESERVED. ACCENTURE, ITS LOGO, AND HIGH PERFORMANCE DELIVERED ARE TRADEMARKS OF ACCENTURE. 13 FOR MORE INFORMATION, PLEASE CONTACT: JOHN CONNOLLY Accenture +1 917 452 0837 john.a.connolly@accenture.com SEAN LUDWIG Tech:NYC +1 347 688 4299 sean@technyc.org ACCENTURE IN THE UNITED STATES Accenture is a leading professional services company providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Serving 95 of the Fortune 100 and more than 70 percent of the Fortune 500, Accenture employs an innovation-led approach to help clients imagine and invent their future. The company has more than 50,000 people and operations in 42 cities in the United States. Accenture was named one of the leading companies to Change the World by Fortune magazine, and is consistently recognized as a FORTUNE Blue Ribbon Company. With an unwavering commitment to inclusion and diversity, the company appears regularly on FORTUNE’s 100 Best Companies to Work For and DiversityInc’s Top 50 Companies for Diversity lists. Visit us at accenture.com/US. ABOUT TECH:NYC Tech:NYC is an engaged network of technology leaders working to foster a dynamic, diverse, and creative New York. The organization works with policymakers and business leaders to support a successful technology ecosystem, attract and retain talent, and celebrate New York and the companies that call it home. Tech:NYC represents more than 600 New York tech companies.

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