Looking for a quick guide to prepare for your upcoming interview? The search for a new job is time-consuming prospect that often keeps you at your current role far longer than you should be. Don’t let the interview hold you back any further in time or effort. Use these tips for before, during and after to leverage your interview opportunity for a job offer.
Stuck at the job search stage? Let a nearby Jobspring recruiter help.
1. First up: your resume. This is the first impression that you make on your next potential employer, so use this to guide what you should and shouldn’t be doing with it:
- Be concise and to the point with everything you include.
- Don’t make things sound a lot more complicated than they were.
- Start with a simple and clear objective. Use the job’s keywords.
- Tailor your experience for the role that you are applying for.
- List only technologies and skills you’re comfortable and confident with.
- Include skill level where applicable to these.
- Focus on your experience. Doing is better than knowing.
- Show how you used your skills rather than listing them.
- Aim to keep your resume to 2 pages max. It’s not a novel!
2. Keep your LinkedIn profile up to date. This is your social resume, whether or not you know it. It’s important to have an updated profile as LinkedIn is probably the most used tool by both employers and job-seekers. You're more accessible to employers and recruiters the more accurate and relevant your LinkedIn profile is. Give employers the chance to come and find you first, or pro-actively apply to their jobs on LinkedIn to set yourself apart.
3. Know about the company. Make sure you have as good of an understanding as possible of what the company does, and what some of their products are. When it’s your turn to ask questions, don’t be that person. “So, what exactly does your company do?” will turn off your potential employer. You’re interested enough to interview. Act like it.
4. Research your interviewer. Use Google, LinkedIn, Twitter, the company website and any other outlets (Have they spoken at a recent event? Been featured in an article?) See if you share any common connections. Learn more about their background. Employ what you learn as topics of discussion or ways to relate to the interviewer right off the bat.
5. Have examples ready to go. Make sure you have at least 1 or 2 projects that you’ve worked on recently. If there are projects directly related to the role you’re interviewing for, bring these up. Don’t gloss over them either - go into details. Employers like hearing why you chose specific strategies, platforms or technologies.
1. Respond directly to questions. Pay attention to the question that is being asked, and focus on answering that question alone. Do not start talking about a completely different topic. There will be opportunities for you later in the interview to bring up topics that you’d like to discuss.
2. Be honest about your skill set. If you’re asked a question that you don’t know the answer to, don’t pretend to know the answer! Let the interviewer know that you don’t have the answer, but don’t stop there! Come up with a solution to the problem based on what you know about the topic. Employers are often very interested in seeing what type of problem solving skills potential employees have, and to see their thought process.
3. On that note, it’s okay not to know everything. It is not okay to have no initiative to take on new challenges. Employers are probably not going to find a candidate that has 100% of the skills they want. Part of the reason you’re probably looking for a new job is to learn new skills, and most employers know this. Show them you’re able to pick up new skills quickly by proposing a solution to the problem, even without those hard skills yet.
4. Ignore a rude interviewer. Spoiler alert: your interviewers are only human. Don’t let this put you off for the rest of the interview. After meeting with him/her, you may decide this company is not the right place for you. Keep your cool throughout the interview and make a positive impression. You never know when you might cross paths with them again. This is sometimes used as an interview tactic; working in engineering and IT is known to have situations that are high pressure. Some employers want to see how you’ll react in uncomfortable, high-stress situation.
5. Be engaged. The interview is a platform for the employer to assess your skills, and see if you are a fit for their company. It is also a time for you to figure out whether or not the company is a fit for you. When you are given the opportunity, have questions and discussion topics prepared. You need to show the employer that you are genuinely interested in the position. Start with questions specifically about the company, and the job itself. Leave compensation/benefits questions for later. You don’t want to give off an impression that those things are the only important topics for you.
Ready for the interview stage of your job search? Apply to a job here.
Always follow-up with a thank you note after your interview. This may seem like a trivial gesture, but it could be the differentiator between you and other candidates. There are many times where an employer is struggling to decide between 2-3 candidates, and end up hiring the candidate who did that one extra something. It show your appreciation for being considered for the position, and gives you a last opportunity to show your interest. Here are a few tips:
- A short letter is fine. A long letter is desperate.
- Be personal. Don’t google an outline and skip personal details.
- Thank the manager for setting up the interview and setting aside time to meet. Also thank any team members in this area.
- Bring up specific parts of the interview that you enjoyed
- Highlight key reasons as to why you’re interested in the job.
- Close the letter with an indication you look forward to hearing back, and if they have any questions they should contact you.
Here are some related job search tips:
When you’re in IT, it’s all about approaching systems proactively versus reactively. Why not approach your career the same way? Competent employees can get unexpectedly laid off, office environments can erupt without notice and life circumstances can suddenly call for a change. According to a 2015 CareerBuilder survey of 5,000 candidates, "3 in 4 full-time employed workers are open to or actively looking for new job opportunities."
Don't be caught desperate to find a role if you're the one in four not looking. If you're not completely happy at work, be proactive going into 2016 about exploring your options and job searching. Below are a few key reasons why you should be looking for a new role when you’re still at your current employer.
Time Is On Your Side
How long could you support yourself and your dependents without a steady paycheck? That time frame is the maximum amount of time you have to find an adequate position once you’ve left your current position. If you start looking proactively while you’re still at your current employer, your time frame for taking a new role is exponentially expanded. This way, you can focus on finding a position that you’re excited about and one that will fast-track your career, as opposed to one that will simply pay the bills.
Start now by checking out some tech jobs on the Jobspring Job Board here.
No pressure, you’re already viewed as an asset!
Many hiring managers believe the best candidates are the ones who are actively working. Employed candidates are viewed as being proven assets. Where does this mindset come from? Well… have you ever wanted or needed something so badly that when under pressure, you’ve completely botched your attempt to get it? Unfortunately, this happens all the time during interviews when you’re facing unemployment. On the other hand, if you begin your search while you have a comfortable employment situation, you take significant pressure off of yourself and lessen the likelihood of self-sabotage when interviewing for a new role.
Get What You Really Want
As a passive candidate, you’re interviewing the company as much as they’re interviewing you! The ball is in your court, and potential employers will be more willing to roll out the red carpet for you. Hopefully your skillset will land you a role that will move you in the direction you’ve always wanted to go. If there is a specific technology you’ve always wanted to work with or a cutting-edge industry you're passionate about, this is an opportunity to ask. As a passive job seeker, you can be more selective with the companies and roles you’d like to interview for. You have more control of your commute range, the tool sets you work with and any other job factors that are important to you.
Room to Negotiate
Lastly, you’ll have more control of dictating what your final offer will be. Simply said, what will it take for you to leave your comfortable role to start at a new and exciting company? Everything in terms of compensation should line up— don’t forget that salary isn’t everything. Instead focus on the total package the company offers. Not only will you have the upper-hand on getting a higher hitting salary range, you’ll also have leverage to get additional vacation time, flexible hours, stock options and a myriad of other perks that are possible in an offer.
So if you’re not in an absolute ideal position, make sure you keep your eyes and ears open to new and exciting opportunities. You can always call a local Jobspring recruiter and tell them exactly what your current situation is and how you’d like to be kicking off 2016!
Not convinced? Here are 6 more reasons to start working on your resume now.
First and foremost, contracting can be a great opportunity to land your next job, fast track your career, and even give yourself a bit of a raise. When job seekers start a new contract position after switching from a full-time role, it's usually amazes them how quickly the process moves. “Wow… that was fast,” is a common response - but don't move so fast that you forget to ask yourself some important questions first.
While you consider the questions below, bear in mind that those who are critical of contract positions may unwittingly provide false information about these types of positions - anything but a full-time job lacks benefits and stability are among common misconceptions. Jobspring Partners actually offers a health care insurance package and PTO, which is a growing trend in companies that hire contractors. A contract role can be an easy and flexible way to gain employment in a fast-moving IT industry. Have kids? Imagine not being tied to a 9-5 schedule. Trying to get your foot in the door with a large company you already applied to in the past? An alternative path to the inside could be through contracting.
Find a contract or contract-to-hire position near you on our job board.
Be sure to have the answers to these important questions from the company, recruiter, or just yourself before committing:
How long is the contract?
Know how long you’ll be working on this contract. That way, you’ll know when you need to start thinking about the next contract or the next steps to converting full-time. Contract lengths can run anything from 4 weeks all the way to, well, forever.
Is this for a project that has been secured?
Find out if the business is already won by the contracting company because sometimes firms like to start the interview process BEFORE being awarded the business and have the ability to put contractors on. You certainly don’t want to turn down other offers you had when the job you accepted technically doesn’t exist yet. A simple way of asking is: “If I accept the offer, how soon can I start?” The answer you’re looking for should be a something like immediately, on Monday, or right after your two week notice.
Am I going to be hired as a W-2 employee or as 1099?
The main differences come down to taxes. As a W-2 employee, you will receive pay checks with tax withholding already taken, and you’ll receive an IRS W-2 from your employer in January of the following year. If you are hired as a 1099 contractor, you’ll get full pay with no tax deductions, but you are also responsible for paying your own taxes come April 15th of the following year.
It’s tempting to opt for a 1099 since your pay checks are bigger, but that smile quickly goes away when you realize you not only have to calculate how much you owe at the end of the year, but in fact you OWE MORE! You get tagged with self-employment tax which is another 13-14% of your income on top of the taxes you already pay. As a perk, however, you can write off multiple expenses for your work as well (transportation, computers, phone service, etc.) Think about these points before deciding which is better for you.
What happens when the contract ends?
It’s important to know what your options are. Some staffing companies have other projects they will have needs for, and it’s good to know if you might qualify for those. The benefit of using a technology-specific staffing firm is that a great majority of their other clients will have needs that match your skill set so that when you’re done with the current contract, you increase your chances of landing another quickly with minimal downtime.
What is the realistic time-frame of converting temp-to-hire?
If the job is a contract-to-hire position, it’s a good idea to have an understanding of when you might be converting to full-time status. This sets the expectations on both sides, and ensures that you and your potential employer are on the same page. Typically the timeline can be anywhere from 3 to 6 months. If you find yourself in the eigth month with no talk of conversion, it’s time to revisit the conversation with your hiring manager.
What salary should I expect when I accept a full-time offer following my contract role?
Most people get a bit nervous when talking about salary and compensation, but it's important to be aware of what the potential salary would look like if you convert to full-time. While it may be an uncomfortable conversation to have now, it’ll save you a headache down the road. You don’t want to find yourself having worked 4 months into a contract only to find that the salary they are thinking isn't close to what you were expecting. Of course, it’s important to be realistic as well. If you are a W-2 employee getting paid $45/hour, you should be considering a base salary of around $90,000 (inclusive of benefits and such).
Have more questions about being a contractor? Ask a Jobspring representative near you.
For a first-timer, a contract position can look intimidating. Don’t let that stop you from considering the opportunity and asking the essential questions before coming to a decision. Working with a recruiter can take some of the uncertainty out of the equation if you're unsure, but it comes down to getting all the answers you need in order to make the right decision.
It's true, the job interview process is an arduous task in today’s society. There are many obstacles that frequently catch job seekers off-guard and cause great opportunities to crumble. One of the most important, and daunting parts of the interview process for software engineers is the technical interview. Accurately preparing for one of these is extremely important in order to get an offer from your company of choice. Technical interviews are often quite rigorous and can push talented engineers to new levels of critical thinking and assessment.
So, you ask, "How do I ultimately prepare for the technical interview?"
Work with Jobspring Partners to find a position you want to interview at.
Below is a how-to guide on how to ace it:
- Be Ready to Whiteboard: This is generally a go-to interview tactic for tech companies to evaluate engineers during the interview process. It’s always smart to practice solving technical questions on a white board to see how your brain operates/critically thinks when not in front of the computer.
- Brush Up on Core Principles and Basics: Always make sure to brush up on any programming languages that may be rusty. Expect to be asked questions ranging from the fundamentals of certain languages to some higher-level concepts. For example, if you are interviewing for a PHP job, it is helpful to brush up on the fundamentals of the LAMP Stack and the MySQL Database.
- Bring Code Samples: It’s always a good idea to bring code samples and github profiles with you to the interview. Companies are looking for writing ability and the ability to communicate technical thoughts through code documentation.
- Don’t be Afraid to Ask Questions: An important part of the process is to ask questions about the role to show that you are interested and engaged. Make sure to prepare 2-3 questions to ask at the end of the interview that show genuine interest and thought.
- Send a Thank You Note: This is always a good thing to do when you finish any interview process with a company, but it's easy to forget while focusing on the tech. You want the company and the people you met with to remember you for the right reasons. Always address why you would be a good fit for the role and bring it back to the job description and what was covered in the interview.
If you do all of these things, the odds of you getting a final-round interview, or better yet a job offer, will increase significantly. So always remember, preparation is the key to success in landing your dream job.
Written by Sara Mauskopf, Director of Product at Postmates. This article was originally published on TechinMotionevents.com.
Now that I’ve been at Postmates for almost 8 months, a lot of people have asked me the difference between Product Management at a larger company like Twitter where I worked from July 2010 to July 2014, or Google where I worked from 2007 to 2010, and at a startup like Postmates. I too was curious before I decided to join a startup.
So first, let me define Product Management at a larger tech company. As a Product Manager, you are responsible for defining a roadmap for your area and ensuring that roadmap meets the goals or objectives you set forth for your team, which should align with the goals of the company. You’re responsible for ensuring the items on the roadmap are prioritized, and that there are clear product specifications for those items. Finally, you work closely with the team to build, launch, collect data/feedback, and iterate to a standard of exceptional quality. Through all phases, including planning, you are working closely with engineering, design, and other key stakeholders across the company. And because everyone looks to you as a leader for your product area, it is important you are inspiring those around you to do their greatest work by setting the right context, establishing a sense of urgency, and working collaboratively.
Looking for a product or project manager role? Check out the job board to see if any positions are a good match.
As it turns out, all those fundamentals remain the same at a startup. In fact, the fundamentals are so important that having experience at a larger company as a Product Manager is one of the best forms of training for startup Product Management. But on top of all that, at a startup you have responsibilities and challenges that do not exist at a larger company. If you are thinking of making the transition from big company PM to startup PM, here are some things you’ll want to know.
1. You’ll often have to do things you have never done before and probably suck at.
Working at a startup, you quickly discover where your personal weaknesses are because on a daily basis you need to do something you have never done before and probably are not good at yet. Executing out of your area of familiarity manifests through needing to do something that larger companies have a person or team dedicated to doing. For example, at a startup you will most certainly not have a user research team that helps you assess how your feature will be received in the market. If you want user research or early feedback on a prototype, you will have to find and interview users yourself. Although it can be daunting to roll up your sleeves and try something you have never done before, it’s also the fastest way to learn how to do it. If you are lucky, you may discover a talent you didn’t know you had!
2. You’ll need gymnast levels of flexibility.
Imagine any company has 5 “fire drills” a quarter. In other words, 5 times per quarter, the average company has to quickly react to something in the market, change a plan due to unexpected data or user feedback, or get in a war room and really focus on a hard problem that has not been given enough attention. At a larger company, those 5 instances are spread out between a lot of people and teams, so you personally probably only experience a "fire drill" at most once per quarter. At a startup, any fire drill usually involves most of the product, design, and engineering team because the team is so small. It’s important at a startup that you can quickly tackle these fire drills, avoid getting thrown off course, and reprioritize your roadmap when needed. Most importantly, you need to mentally be able to deal with plans changing more frequently. It’s ok!
3. You’ll do less talking the talk, more walking the walk.
At a startup, there is nowhere to hide. People who can step up to the plate and tackle the challenges will shine and get even more responsibility. Underperformers who can’t cut it will quickly make their way out. In addition to not needing to worry much about whether your individual performance will be recognized, if you ask any good PM at a larger company they will tell you they spend some percentage of their time carving out territory for their team, evangelizing the great results of their team, and other activities generally thought of as “managing up”. It’s not because large companies are full of evil political people, it’s just because when you have a lot of people working in one place it’s easy to get lost in the noise if you aren’t making it clear what your team works on and the results they have achieved.
You don’t have to worry about that much at a startup. Now, I spend my time working and moving the company forward rather than evangelizing my team internally. With fewer people to communicate with, you can spend more time doing the work, which is great because there is a lot of work to do.
Jobspring is a proud sponsor of Tech in Motion events. Connect with companies like Postmates at Tech in Motion - find an event near you here.
About the Author
Sara Mauskopf joined on-demand delivery company Postmates in July to build and run its Product Management team. Postmates is transforming the way local goods move around a city by connecting customers with local couriers who purchase and deliver goods from any restaurant or store in a city in minutes. Prior to Postmates, Sara was a Group Product Manager at Twitter, having joined the company in 2010. She started her career at YouTube and Google as a Partner Technology Manager (a role that's a mix of partnerships and engineering). Sara graduated with a bachelors degree in Computer Science from MIT.
Running a sales and recruiting team comes with many challenges; keeping up on technology trends typically falls on the back burner for most. However, those who keep up with the ‘latest and greatest’ trends have the upper hand in educating those you are assisting with their search. The UI/UX design world is no exception, with 88% of young adults being connected to a smartphone it has become imperative to deliver the best user experience to compete. (Creativeblog)
2014 brought us design trends like: The hamburger menu, pushing the limited when it comes to resolution, and the expansion of in-house design teams. With the end of the first quarter on the horizon, I thought it would be a great time to discuss a few of the design trends we will be seeing in 2015.
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Lean design has been leading the way in recent design trends. This will continue, but as companies and designers continue to hone lean design and how it lends itself to mobile applications, they also need to set themselves apart. In 2015, we will see (and we have already started to) skeuomorphic cues in lean design. Keep an eye out for additional physical presences; transparency and layers will become more common, apps will continue to look flat and conform to strict grids. The focus of design will revolve around movable objects within the screen. In the summer of 2014, Google transposed this design trend on Material Design.
I am definitely guilty of (over) using the term sticky or stickiness when talking about design. I like the idea of creating applications that not only engage a user on their first use, but also ones that keeps the user interested over extended periods of times or uses. The more our devices become connected to our everyday lives, i.e. thermostats, home security, or digital experience with our cars, the greater the need is for efficient and effective delivery of information. Slippy UX is giving the user an application designed for “glance-ability”. Coined by Jake Zukowski, Assistant Creative Director at Frog Design, "slippy UX is intended to be invisible-enough and non-distracting enough for the user while still delivering and absorbing information".
There are two emerging trends in connectivity, the first being something more apparent every day, even if we are not aware of it. The ability to send information to many devices, syncing with the cloud, and allowing users to maneuver their information has already started to be a driving force in design. Forrester Research found that 90% of users who own multiple devices start a task on one device and finish it on another. In 2015, we will see user experience that functions across all platforms seamlessly, regardless of device or screen size. The second connectivity trend will be an extension of what some of our mobile apps already do: accessing GPS and Bluetooth to respond better to user needs. The combination of these integrations, wearable technology, and the Internet of Things will result in apps that collect data on the user to deliver advice and infer when the device should be delivered. The term to look for here is Ambient Intelligence.
With worldwide IT on track to spend a total of 3.8 trillion in 2015, we will see the above trends and many more, become apparent in our every day lives.(Gartner.com) What trends are you excited about in UI/UX Design for 2015?
Article by Heather Samaras, Regional Director in Jobspring San Francisco.
Interested in moving to San Francisco for a tech career but don’t know how to get your search started? I can help.
It’s no secret that San Francisco is booming with tech opportunities. With over 55,000 open tech jobs in SF, it is the place to be for anyone wanting a tech career. However, this year SF surpassed NYC as the most expensive city to live in the U.S. This fact is overwhelming to someone looking to move. Working in tech recruiting in San Francisco, I constantly hear candidates asking how they can pick up and move to this expensive city of opportunity.
In short, it is possible to move here. It takes strategy and smarts, but it can be done. Here are 3 easy steps to realizing your dream of moving and taking advantage of on the 55K open tech jobs in San Francisco.
1. Be prepared to pack your bags and make the move. The market moves quickly here. It’s important to do your research and figure out where you want to live. San Francisco’s Real Estate market is highly competitive. The most important thing about finding an apartment is being informed. Research different neighborhoods and the average cost of a one bedroom apartment. When looking online for an apartment, utilize the search engine that was created here, Craigslist. Lastly, in SF, you must plan on having the cash ready to pay first and last month’s rent immediately after looking at an apartment. It’s a quick market, but if you go with your gut, you will be able to find a place.
2. Start scheduling interviews immediately. Start your search online. You can search Indeed.com to find open technical positions in the area. Use the filters for San Francisco and technology to narrow your search.
Another great way to kick start your search is partnering up with a Technical Recruiting firm that specializes in the type of tech position you are looking for. Jobspring Partners is a great resource. Utilizing a recruiting firm will give you an opportunity to have “eyes” on the street for you. You will need an advocate to push your background out for interviews. Keep in mind that it typically takes at least 6-8 phone screens (with different companies) and multiple on-site interviews (with different companies) to land a job.
Additionally, remember that not all companies will pay for relocation or travel expenses. Some companies will provide that benefit, but don’t expect it or have it block you from interviewing with a company. I see a decent amount of companies offering the candidate a sign-on bonus (to help with moving costs) once they make the offer. Once you get your feet wet with technical phone interviews and you have a couple opportunities brewing, it makes sense to purchase a ticket and fly out. This shows the potential employers a “seriousness” level that can help to facilitate the on-site interviews. Make every interview count and put your best foot forward.
If a company offers to do a Skype interview, keep a few things in mind. I’ve seen companies utilizing Skype to interview and hire candidates without even meeting with them in person. This is not the “norm” but it absolutely happens from time to time. Remember when you interview with a company on Skype, think about your surroundings. Don’t sit on your unmade bed with a t-shirt on as this would project a messy or casual feeling in the interview. Treat a Skype interview like you would an on-site—remember you only have one chance to make a great first impression.
3. Use your network. Once you decide to make the move, tell everyone. If you put out that energy, it will happen. Make sure to utilize the easy ways to expand your network. An example of this is updating your LinkedIn profile so that you are open to tech positions in San Francisco. Additionally, reach out through any of your first connections on LinkedIn that are local to the San Francisco market and ask if they know any connections that may help you. Join San Francisco tech groups on LinkedIn and connect with people in that group. People post open positions in those groups, so it’s a great way to find opportunities you might not elsewhere. Make sure your LinkedIn profile is up to date and very detailed with your experience. If you have a GitHub account, be active with current code and projects. Your personal website should have an updated version of your resume (that resume is searchable to employers & recruiters). By doing these simple things, you are marketing yourself and expanding your reach to employers in the SF area. This can really make a difference to how fast you land a great job here.
Take these tips and pick a date for your big move. If you follow these guidelines and act quickly and intelligently, you too can make the move to San Francisco and join the booming tech industry that is constantly growing here. Then, once you have your dream tech job landed, you will never look back.
Article by Jason Cooper, Division Manager in Jobspring Silicon Valley
If you were to ask the average American what they picture when they hear Silicon Valley, they’d probably say the big names like Google in Mountain View, Apple in Cupertino, and the Stanford/Palo Alto lifestyle they saw in The Social Network. While these may be the landmarks people outside of California have come to know as the epicenter of technology, Silicon Valley has become a sprawling and growing landscape represented across the bay area. With Google and Apple buying up office space left and right in their respective cities, and companies like Palantir seemingly doing the same in Palo Alto, tech startups are often forced to find other cities to call home.
But let’s say you want to move to the Silicon Valley; where do you start? Which areas were popular in the past and where is it hot spot now? Where will you be most profitable? Where are the startups and the big name companies located? Being in the tech recruiting space, we have all had ample experience in this market. Hopefully, with our knowledge, you’ll be able to find your perfect location to get the most out of Silicon Valley.
Many people consider the Silicon Valley to be the technologically-savvy region ranging from San Mateo, California to San Jose. As Scott stated in a previous post, the area is booming and salaries are higher than ever. However, there is a serious concern throughout the Valley-- where do people live? How does anyone outside of the top dog execs or the plain lucky afford to live a comfortable life when an average one bedroom apartment goes for $2,100 a month? Where do the folks working the lower-salary tech jobs go?
Since the recession in 2010 things have slowly begun to change. A blazing hot startup and IPO market pushed salaries to record level highs, and with that market, housing prices have also risen. It has become incredibly difficult to purchase a home in the region. The local real estate market is selling faster than ever, thus driving rental prices higher and making it difficult for those not making the top bucks to live comfortably within their means.
Surprisingly, Downtown San Jose housing seems to be plateauing at a reasonable price through this real estate resurgence. There are multiple new apartments, offices, and entertainment spaces being built in the area, and there seems to be a lot of room to expand; which begs the question, how will all of this growth affect the cost of living and the economy of the region as a whole?
The Palo Alto area has had the largest growth in the Bay Area between the Summer of 2012 to Summer of 2013; while over the last three years, Santa Clara County has become the second fastest-growing county in California. One of the major reasons for the rapid population growth is the above average regional job growth.
Let’s look at some of the local players within 5 miles of Palo Alto:
- Apple, located in Cupertino: whose stock over the last three years has grown from $422/share to $580/share, while hitting a high of +$700/share during that time period
- Google, Mountain View: 2010 – $610/share, 2013 - $1105/share (high-water mark)
- Tesla, Palo Alto: 2010 - $22/share, 2013 -$150/share, with a high +/- $200/share
- HortonWorks, Palo Alto: Founded in 2011 and still pre-IPO has received almost $100 million in funding.
So why are those numbers so important? They are directly correlated with opportunity. The common dominator for the candidates that we speak to everyday are: stability, cutting-edge technology, and an opportunity for growth. Silicon Valley is the 21st century’s American Dream- the combination of professional growth, premier technology companies, mild winters and gorgeous summers makes the region, and specifically Palo Alto, an ideal place to begin or jump start your career. Not to mention salaries that are reminiscent of the “.Com Era”.
However, this rapid expansion has created a predictable but not-so-easy to solve problem: where can we put everyone? Forget about office space or commercial real estate issues for a minute and let’s just look at living situations. On November 5th, the voters of Palo Alto overturned a council approval for the development of 60 apartments and 12 single-family homes. The approved plan allowed housing developers to exceed zoning regulations for public benefit. The constituents of Palo Alto don’t see it this way. They think the area is overpopulated, extremely dense, and parking is a nightmare. Check out this quote from a commenter on a recent article about Measure D, the aforementioned Palo Alto proposal-
“The damage is done and maneuvering downtown with wall-to-wall people and cars is disgusting. I’m so disappointed in this city and walk around frustrated every day I walk out my front door. I can’t drive down my street to get to my house between 3pm – 6pm, we can’t park in front of our house because all of the downtown employees, I sit in bumper-to-bumper traffic, and riding our bikes through all of this traffic is getting more dangerous…
-Downtown Palo Alto Resident - Link
The Peninsula has become an attractive place to set up shop. Available homes and office spaces in areas like Redwood City, San Mateo, Belmont, and San Bruno are popular choices. The rent in this region of the Bay Area is comparable and cheaper than many of the other surrounding areas. It’s no secret that there is a shortage of qualified engineering talent out there. By living in the Peninsula, more transportation options, including public, becomes a possibility. The location is fairly central to people commuting from all directions. For example, the growing populace of tech work in Redwood City and San Francisco is just a short Cal-Train ride away. Want to go south? Taking the 280 to San Mateo or San Jose is a much more attractive option to avoid the bumper-to-bumper traffic found on one the most highly congested freeways in America.
For many of the same reasons, in addition to the number of bridges, certain cities in the east bay, like Fremont, are also becoming more popular. Granted, Palo Alto does have a certain associated appeal, but there are many so many advantages to moving 7-10 miles up the Peninsula that they just cannot be ignored.
Which Bay Area location sparked your interest? Did you find any insight to the area where you already live? Leave your comments and questions below!