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[Photo: JIRAROJ PRADITCHAROENKUL/istockphoto]
Dallas-Fort Worth is one of the top 10 markets in North America for tech talent growth.
In Dallas-based CBRE’s latest Score of Tech Talent report, the region jumped four spots from last year’s report to No. 9.
The Dallas-Fort Worth talent pool has grown nearly 15% over the past five years, with nearly 188,000 residents employed in the industry. Over the same time frame, tech salaries grew 12.6 percent annually to an average of $103,500.
Of those employed in the domestic technology industry, the report found that 37% were employed in “major high-tech” positions. The second largest technology jobs in the region were finance, insurance and real estate.
With a more than 50% increase in technology degree completion between 2015 and 2020, in addition to seeing growth in the technology talent pool, the report suggests the region is likely to continue that. American Metro.
DFW is ranked No. 5 in the tech workforce for women
The region’s talent pool is growing, the report says, and North Texas is the fifth-most diverse large market when it comes to women in the tech workforce, accounting for 27% of the region’s total. But with underrepresented groups making up 36.6% of the local tech talent pool, DFW ranks as the fifth least diverse large market.
According to the Dallas Business Journal, citing CBR leaders, the region’s uptick in rankings can be attributed to factors such as its relatively low cost of living and a “business-friendly climate” that help attract and retain residents.
Using 13 measures of the region’s “importance and attractiveness to companies” looking for tech workers, CBRE gave DFW an overall score of 58.57, placing it behind No. 10 Denver’s 57.53 and No. 8 Vancouver’s 62.19. Unsurprisingly, the San Francisco Bay Area and Seattle took the No. 1 and 2 spots, respectively, followed by Toronto.
The other Texas city in the top 10 is Austin, which comes in at number 6.
“There are economic headwinds that could affect the hiring of tech talent in the coming year. If layoffs and hiring and a slowdown in tech employers continue, it could tighten the labor market,” the report said.
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