Employment in Nevada’s technology industry grew by 2.7 percent in 2016, as employers added an estimated 804 new jobs, according to Cyberstates 2017, the definitive annual analysis of the nation’s tech industry released April 3 by CompTIA, the world’s leading technology industry association. With an estimated 31,003 workers, Nevada ranks 38th among the 50 states in tech industry employment.
The Northern Nevada economy is growing after years of economic decline and soft recovery since the Great Recession of 2008 through 2010. In the years following such harsh economic reality, it would be easy for local jurisdictions throughout Northern Nevada to think and act inward. Instead, the region has grown increasingly interconnected.
How businesses—especially existing small businesses—approach hiring is an important aspect of successfully riding the wave of this growth. Since small businesses often operate in a lean manner, the bandwidth to apply resources to recruitment of new hires is lacking. This can result in rushing and quick decisions, which will come back to bite if an employee is hired without a thorough process. Use the following hiring tips to ensure you make the most informed decision possible when you offer a candidate the job.
From the housing market to grocery shopping, we know considering only one measure leads to incomplete decision-making. Smart shoppers weigh price per ounce, quantity, usage, and quality before dropping something into their cart. For my company’s recent “biggest loser” competition, we didn’t use the scale to dictate success. Instead, we looked at percentage of body fat lost and percentage of muscle gained. Indicators for a good economy are also multifaceted. Job creation gains grab headlines welcomed by tired readers in our slow recovery from the Great Recession both locally and nationally.
Over the last few years, Reno’s economic landscape has witnessed exciting changes. Companies like Tesla and Switch are moving into the area, bringing new faces and opportunities to our city. Other companies have announced plans to add hundreds of jobs. Local businesses are becoming excited about the prospects for growth and optimistic about their future. Likewise, small business owners in the region tell us they think this is a good time to grow, with the majority of small businesses planning to hire this year.
Writing about technology is usually pretty easy since it changes so quickly and has such an impact on our daily lives. With a new year ahead I thought I would take a look at the hottest trends in technology. For business, the continuing growth of cloud services is a trend that is impacting the way businesses, clients and employees use technology. There are several trending opportunities that cloud services bring to business and these should merit investigation as part of your planning.
The combination of a lower unemployment rate and increased number of jobs means employers now need to focus on retaining employees. As opportunities abound, employees are enticed to leave. High turnover rates aren’t good for business — one employee turning over can cost a company close to $50,000 in recruiting, training and lost productivity costs.