How Tech is poised to accelerate post-pandemic growth.
Where are the top Tech Talent markets in the U.S. and Canada?
- The top-ranked tech talent markets for 2020 are the San Francisco Bay Area, Washington, D.C. and Seattle. Markets registering the greatest rise in the rankings are Ottawa, Orange County, Baltimore, Columbus and Newark.
- The total annual labor and real estate cost in the top tech talent markets ranged from $30 million in Montreal to $62 million in the San Francisco Bay Area for the typical 500-person tech company needing 75,000 sq. ft. of office space.
- The number of tech degree graduates was compared with tech talent job creation in each market to determine brain gains or brain drains. Boston, Washington, D.C., Chicago and Los Angeles produced more graduates than jobs and were the most drained markets, while the San Francisco Bay Area, Toronto, Vancouver, Seattle and Charlotte gained the most tech talent.
- Fostering talent development in lesser-known and underdeveloped markets could offer additional talent pools to employers seeking to expand their geographical reach, uncover opportunities and increase cost efficiency. These markets show potential and are spread across Canada, the U.S. Midwest and South, and Latin America.
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