News: War for top engineering talent in Silicon Valley

Talent Acquisition

War for top engineering talent in Silicon Valley

Twitter recently paid out its senior vice president of engineering $10.3 million, which is more than the paychecks that the company’s CTO, CFO, and COO. Owing a shortage of top engineering talent in Silicon Valley is forcing paychecks of skilled engineers to inflate beyond imaginable proportions. The hot demand for engineers is driven in part by a growing number of start-ups, venture capitalists say. Some 242 Bay Area companies received early-stage funding - known as a seed round - in the first half of this year, according to consultancy CB Insights. That is more than the number for all of 2010.

Twitter recently paid out its senior vice president of engineering $10.3 million, which is more than the paychecks that the company’s CTO, CFO, and COO. Owing a shortage of top engineering talent in Silicon Valley is forcing paychecks of skilled engineers to inflate beyond imaginable proportions. The hot demand for engineers is driven in part by a growing number of start-ups, venture capitalists say. Some 242 Bay Area companies received early-stage funding - known as a seed round - in the first half of this year, according to consultancy CB Insights. That is more than the number for all of 2010.

Read the Economic Times news report here.

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Topics: Talent Acquisition, #Trends, #International

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