The article discusses about the Talent Shortage of Software Engineers in the Bay Area

1. Increased Innovation Has Led To Supply Gap Of
Software Engineers In Bay Area
Companies are focusing on getting innovation back to Bay Area
e.g., Samsung opened a startup accelerator in the valley which will
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act as an incubator for software startups. The company is working
with startups to invest more on innovative software, especially for
mobile phones. Google is also expanding; the company recently
bought six 1 million square feet office space in Bay Area which can
accommodate about 4,600 to 5,800 employees. Apple plans to
expand its workforce in Silicon Valley by about 50 percent in the
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next three years to fuel innovation for products like iPhone and
iPad. Companies such as Apple, Google, eBay, VMware and
Oracle collectively hired about 5,300 employees in August 2013, an
increase of 26 percent compared to the same period in 2012. In
addition, non-tech companies such as Target, General Electric and
Ford have also setup operations in Silicon Valley to improve
innovation and venture into new technologies. Due to the increased
growth there is a rising demand for software engineers in Bay Area.
The higher demand for talent in Bay Area has made it difficult for
companies to find the right talent. In Bay Area, for nearly three job
openings there is only one fresh computer science graduate. There
is a need for companies to hire talent from outside Bay Area.
California witnessed the highest H1B talent movement with about
28,000 H1B visa holders in 2012. In Bay Area, 25 percent of the
total tech talent is from other states, while 49 percent of the tech
talent is from outside US.
According to Talent Neuron estimates, in 2014, approximately
35,000 new jobs are expected to be created in software
development domain in Silicon Valley. However, in 2014, about
18,000 fresh graduates will be generated in Bay Area suitable for
software development. In addition, according to historical migration
trends, about 11,000 professionals are expected to migrate to the
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2. valley (includes both foreign and US nationals). The graph below
indicates the talent shortage expected in 2014.
Source: Talent Neuron Research & Analysis, Silicon Valley Index,
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