Job Market in the Bay Area in 2012
Considering the economic uncertainty, recruitment in the Bay Area is still positive. California as a whole has a GDP larger than all but 7 countries worldwide. It is home to 57 fortune 500 company headquarters. With several large IPO’s expected in the coming months (Zynga and Facebook) and the IPO of Linked-In earlier in the year the Bay Area will continue to grow and attract outside investment. San Francisco is also one of the most diverse cities in the USA and is a melting pot of European, Asian, South American and American talents. Over 7 million people live in the Bay Area.
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The Bay Area is the arguably global tech hub, it is the US’s 2nd largest Financial Services hub as well as being a leading player in Biotechnology and CleanTech. The skill sets in most demand are Engineers / Developers, Sales and Finance professionals. In October 2011 there were over 2000 roles advertised in the Bay Area. Universities such as Stanford, Berkeley and UCSF provide a steady stream of talents and help feed the entrepreneurial spirit that the Bay Area has come to be known for. |
- Talent in the above professions is in short supply and the job market moves quickly. Time to hire can be only a few weeks (consider using contractors to fill immediate requirements)
- Notice period is only two weeks and employment at will is very different to Europe
- Due to the entrepreneurial nature of the market, candidates have moved frequently from job to job (to attract the best you need to be prepared to answer the question “why should a person work for your company?")
For more information, please visit:
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Labor market information at employment development department |
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