Beacon Hill’s Post

🆕Rippling, an innovative workforce management platform, will expand its operations in New York City threefold, creating 390 new jobs and unlocking a $29 million investment in New York-based research and development over the next 10 years - supported by ESD's $3.5 million in Performance-Based Excelsior Job Tax Credits. The company, which will occupy 69,000 square feet on the 59th and 60th floors of 4 World Trade Center, is expanding its operations to harness New York City's exceptional workforce talent and benefit from its leadership in the tech and innovation economy, fueling further growth through substantial investments in research and development. Rippling’s expansion in New York City builds on Governor Hochul’s commitment to attracting innovative businesses to New York State, building a 21st century economy, and creating good jobs for New Yorkers. https://on.ny.gov/3TWqdC3

This is absolutely accurate. The level of talent and passion for technology-based solutions is sky-high in GR.

CLAOC’s recently released white paper, The Tech Talent Landscape in Orange County, summarizes a number of illuminating macrotrends relevant to the OC tech- and tech-adjacent market, as identified by McKinsey & Company in a report completed for CLAOC in 2021. One macrotrend is unmet demand for all roles across the OC labor market. The estimated share of local demand filled with local grads ranges from >75% to as low as 0% for some roles. This unmet demand owes in part to a second macrotrend, poor graduate retention. OC retained only 49% of recent grads (2015–20) with 51% moving outside of OC for a tech role. As shown in the graphic below, though there is a projected figure of ~4,800 job openings per year from 2021–26, on average only 56% is projected to be filled locally, with 44% representing unmet demand. A key implication drawn from these macrotrends is that in order to reverse the talent shortage in OC, partnerships and talent pipelines between universities, businesses, and community need to serve as one OC ecosystem. Read more about these OC tech talent macrotrends and their implications in the full white paper here: https://lnkd.in/gHG9fXC3

CEO Leadership Alliance Orange County (CLAOC)’s white paper, “The Tech Talent Landscape in Orange County”, highlights a number of macro trends relevant to the OC tech- and tech-adjacent market, as revealed by McKinsey & Company in a report completed for CLAOC in 2021. One alarming macro trend is the unmet demand for all roles across the OC tech labor market. Only an average of ~56% of high-demand roles like computer and network systems are filled locally. The estimation of local tech jobs filled with local grads ranges from >75% to as low as 0% for some roles. It's crucial that we cultivate a strong network between universities, businesses, and the OC community to cultivate the OC talent pipeline to address our tech talent shortage. Read the white paper here, and stay tuned as we will continue to highlight other macro trends on LinkedIn: https://lnkd.in/gHG9fXC3 #orangecounty #innovation #techtalent

How can we create more inclusive and equitable tech workplaces that foster innovation, creativity, and collaboration? What are the benefits and challenges of diversity in tech for individuals, teams, and organizations? Riverbed’s upcoming webinar will explore these questions and more:

How can we create more inclusive and equitable tech workplaces that foster innovation, creativity, and collaboration? What are the benefits and challenges of diversity in tech for individuals, teams, and organizations? Riverbed’s upcoming webinar will explore these questions and more:

Out now! Scoring Tech Talent is a comprehensive analysis of labour market conditions, cost and quality in North America for highly skilled tech workers that can help decision-makers fulfill critical business and innovation objectives. This year, Vancouver ranked #8, the 2nd highest-ranked Canadian city, among 50 top tech markets analyzed in North America. Our city had the leading tech talent growth rate (69%), totalling 45,200 tech jobs from 2018 – 2022. Three Canadian markets (Toronto, Vancouver and Montreal) also created substantially more jobs than tech degree graduates, while Los Angeles/Orange County, Atlanta and Pittsburgh produced more graduates than jobs. Read our full report here: https://lnkd.in/ggg-FPZp The High Technology Facilities Group, CBRE #techtalent #techmarket #techcommunity #analysis #cbre #htfg

A quick break from contemplating the future of democratic capitalism to announce the 2023 Workforce Showcase: Practical solutions, business-to-business https://lnkd.in/gp-c2PYM