Hiring is hot again for tech sector

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Silicon Valley companies are swooping in and scooping up potential employees in a frenzy of hiring not seen since the Internet bubble of a decade ago. The tech industry is beginning to resemble an economic Nirvana as established companies and start-ups alike hire aggressively and court prospective recruits. The competition is so fierce, many employers are dangling goodies such as iPads, nifty cubicles, shuttle service and meals to harvest top talent in engineering, social media, website and product design, data crunching and analysis, and management. A surge in tech hires in California could portend an upturn for the larger U.S. economy, says Jesse Harriott, chief knowledge officer at online job site Monster.com. Nationally, 148,000 tech jobs are expected to be added by the end of 2011, says Sophia Koropeckyj, an economist at Moody's Analytics. Between the second quarter of 2008 and the first quarter of 2010, during the economic swoon, 308,000 tech jobs were lost. For non-tech companies, things aren't as bullish. Many are sitting on cash instead of hiring.


Hiring is hot again for tech sector