Silicon Valley's Job Market Gaining Momentum Through First Quarter of the New Year!Feb 20, 2014: SUNNYVALE, CA (February 20, 2014) – West Valley Staffing Group, a leading provider of Comprehensive Solutions, announces positive results of the latest Silicon Valley Economic Forecast Survey. Silicon Valley employers from all industry sectors are seeing improving hiring trends through the first quarter of the year, and into 2014.
Hundreds of hiring managers in Silicon Valley were surveyed this quarter, in which 41.2% predicted their hiring to increase in Q1 and 54.3% of the hiring managers believe that hiring trends will remain steady throughout the first quarter. Meanwhile, only 4.5% of hiring managers expect their needs to decrease.
The state's Employment Development Department reported that 13,600 jobs were added in California and approximately 80% of those jobs were reported from Bay Area Counties (all numbers adjusted for seasonal fluctuations). South Bay and San Francisco Counties are seeing the highest job growth rates in California.
“Silicon Valley job growth is continuing its upward trend, and we are seeing a recovery in many industry sectors across the board. We are seeing businesses continue to turn to staffing agencies to assist in locating the best talent for their growing staffing demands,” said Charlie Allport, Executive Vice President of West Valley Staffing Group. “Our job orders are still steadily growing and this is a good indication of how the second quarter is going to be.”
West Valley Staffing Group's Economic Forecast Survey Results
Do you expect your hiring needs to increase, remain steady, or decrease in the next quarter and beyond?
Source West Valley Staffing Group’s survey of 750 employers
About the Survey
Each quarter, West Valley Staffing Group (WVSG) surveys a diverse range of Silicon Valley hiring managers about their upcoming hiring needs. The hiring managers come from many industry sectors, including high tech, manufacturing, electronics, finance, semiconductor, medical, aerospace, alternative energy, and more. Each participant is asked, "Do you expect your hiring needs to increase, remain steady, or decrease in the next quarter and beyond?"
For additional information about the economic data above, or to participate in future Silicon Valley Economic Surveys, call us at 408.735.1420 or visit us online at www.westvalley.com.
West Valley Staffing Group (WVSG), an independent and privately owned staffing agency, brings over 45 years of experience providing comprehensive staffing solutions - through four specialty companies. Established in 1968 as West Valley Engineering, the company was one of the first in the valley to offer temporary technical services to Silicon Valley companies. In 1984, Prostar Staffing was founded to provide clerical and administrative personnel to the growing number of companies in the area. In 1995, West Valley Technology and Accountants Now! were founded to satisfy the demand for specialized information technology and accounting professionals, respectively. Today, all four companies fall under the umbrella organization, WVSG, which has offices in Sunnyvale, Pleasanton, and beyond.
West Valley Staffing Group conducts extensive research on hiring and employment trends through our ongoing surveys of executives and hiring managers. Please contact Mary Tran for more information:
West Valley Staffing Group
390 Potrero Avenue
Sunnyvale, CA 94085
Media Contact: Mary Tran
(408) 735-1420 ext. 3023