The world is interconnected, and events on one part of the globe can often have ripple effects on local economies that export crops or minerals. Prices could slip. Prices could spike. This is a reality for several Nevada counties, where dominant industries include mining and agriculture. In fact, two Nevada counties — Eureka and Lander – are among the most export-dependent counties in the U.S., according to an analysis by Pew Research Center.
When I was a kid, I remember running home from school every day to watch Star Trek (think: M-5 from the episode titled “The Ultimate Computer”). Thirty years later, I am still a sci-fi nerd, so it’s a bit surreal to watch as artificial intelligence (AI) begins displacing jobs like M-5 did on the Enterprise. Today the speed in which technology is changing our society is head spinning.
New, existing and relocating technology companies are making Nevada home in both metro and rural areas, bringing innovation across the board. So far, specific technology clusters have not developed. Nevada is seeing everything from bioscience to construction and telecommunications to entertainment. “In a lot of cities you have a sector that’s doing well or a place where it’s mostly big companies or all start-ups,” said Dave Archer.
By all accounts, the tech sector in Northern Nevada is booming and just as the floodgates on our beloved Truckee River are wide open, so are the floodgates on local hiring. Recent reports cite hiring ‘sprees’ and point to a worsening labor crunch. As local businesses replace talent or hire for expansion in our improving economy, having a clear understanding of the talent pool will allow for greater success in filling vacancies.
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.