Vienna, Va. – March 28, 2012 – With most of the country still sluggish on job creation, startups face the opposite problem – a glut of open technical jobs. According to a new infographic released today by StartUpHire, the largest online database of jobs at startup companies, with support from the National Venture Capital Association (NVCA), while engineering and other technical jobs account for more than 36 percent of all open jobs at startups, less than 15 percent of candidates are applying for these positions. Software engineers had the largest number of open jobs last year with more than 42,000 jobs posted. Sales jobs were the only other position where applicants trailed openings.
"To get our economy moving, we have to both develop and attract qualified talent to these young companies," said Steve Roberson, CEO of StartUpHire. "The startup economy is our country’s best kept secret. This is the where the job growth is, and the industry needs to raise awareness about the opportunities that exist in order to help young companies capitalize on their tremendous promise."
Data from StartUpHire’s more than 14,000 open jobs and 100,000 registered job seekers also show an increase in startup job posts by more than 23 percent over the last year with more than one-quarter of applicants having prior startup experience. Executive level postings on the database are rising steadily as companies increasingly use StartUpHire for all levels of recruiting. More than 500 executive level positions were posted in 2011.
"The venture community invests heavily both in time and dollars in the growth of technical talent which helps companies grow and succeed," said NVCA president Mark Heesen. "However, this data clearly shows that there is a significant amount of untapped potential in our workforce. We need to leverage this talent so that our nation’s entrepreneurial community can l reach its full potential witht the right teams in place."
On the opposite end of the spectrum, administration, finance, operations and HR positions make up roughly 9 percent of the job openings but those areas represent 30 percent of the applicants. Marketing is close behind with almost 10 percent of the jobs getting roughly 13 percent of the applicants. The top states with open startup positions are California, Massachusetts, New York and Texas. Eighteen states had job growth increases of more than 100 percent in the last year.
To view and comment on the data, visit www.StartUpHire.com/infographics.
StartUpHire is the job search engine dedicated to recruiting exceptional talent to jobs at emerging growth companies. Our mission is to connect talented individuals to exciting career opportunities at startups of all kinds and to accelerate the team building process for companies and their investors. These are some of the most rewarding careers on the planet, but they historically have been difficult to identify. www.StartUpHire.com
Venture capitalists are committed to funding America’s most innovative entrepreneurs, working closely with them to transform breakthrough ideas into emerging growth companies that drive U.S. job creation and economic growth. According to a 2011 Global Insight study, venture-backed companies accounted for 12 million jobs and $3.1 trillion in revenue in the United States in 2010. As the voice of the U.S. venture capital community, the National Venture Capital Association (NVCA) empowers its members and the entrepreneurs they fund by advocating for policies that encourage innovation and reward long- term investment. As the venture community’s preeminent trade association, NVCA serves as the definitive resource for venture capital data and unites its more than 400 members through a full range of professional services. For more information about the NVCA, please visit www.nvca.org.