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SiliconfidentialBay Area Tech Workers Survey ReportMarch 2019What Tech Workers TellUs About Tech How would you rate overall business conditions for tech companies in the Bay Area today?Ahead Now Behind51%38%11%Excellent26%Good57%Fair16%Poor1%5Bay Area Tech Industrys Best Days Are.Overall Business Conditions Today BRUNSWICK GROUP 2019Optimism is driven by a strong belief that innovations and products from tech companies are GOOD for society, but most expect MORE regulation in the next 5 years.6#2BETTER TOMORROW7Q: Thinking about the impact major technology companies and their products and services have had on society, do you think that impact has been more good than bad, or more bad?Q: Do you agree or disagree that technology companies in the Bay Area make the world a better place?Q: Thinking about the role of government in regulating major technology companies in the next 5 years, do you think technology companies will be regulated more, less, or the same?Impact of Technology on The World Expected Change in Govt Regulation55%32%13%More RegulationAbout The SameLess RegulationImpact of Major Technology on SocietyAgreement “Makes The World A Better Place”AgreeMore GoodMore BadNeutralDisagree82% 77%16%7%18%82%Workers Believe They Are Making Contributions to SocietyIs Optimistic About The Future BRUNSWICK GROUP 2019Optimistic outlooks on the health of the tech industry are expected to continue over the next 12 months, as companies plan to add additional staff hiring is expected to be strongest among smaller, private firms.8#3WERE HIRING9Q: To the best of your knowledge, over the next 12 months, will the total number of employees at your company.Growth Is Expected to Continue Into The Next YearThere is more growth expected among smaller, private tech companies than public companies. How will this impact competition in the market? Expected Change in Company Employees55%18% 15%Adding Staff Maintaining Staff Cutting Staff71% Private61% Public BRUNSWICK GROUP 2019Despite optimism about the future and expectations of hiring in the coming year, many younger tech workers are planning to leave the Bay Area in the next 12 months, creating a tension between growth expectations and employee retention.10#4YOUTH EXODUS
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