Tech firms are currently ranked as the best places to work in this day and age. The booming tech industry has resulted in attractive incomes for the companies in the particular industry and that improves their overall welfare.
The effect usually trickles down to the individual employees, where they are rewarded with incentives such as paid sabbaticals, long vacations, substantial remunerations and a few other perquisites. Landing a job at one of these firms does not necessarily mean one has to have a STEM degree like contrary to popular belief. A good example of people who have made it in major firms without STEM degrees is John Chambers, the former head of Cisco Systems, Inc. (NASDAQ:CSCO). He studied law. LinkedIn Corp (NYSE:LNKD) CEO, Jeff Weiner, is a trained Economist.
According to Katie Bardaro, the chief economist and director of Analytics at PayScale, the tech scene is booming and there is a growing need for non-STEM skills. The jobs are expected to boost the firms particularly in the design, sales and marketing departments. She further went on to explain that most of the jobs require a bachelor’s degree and some experience in the industry.
Tech firms usually have financial and other support departments that contribute to the whole structure of the firm. They have a series of high-paying positions, particularly for accountants. A study by the Georgetown University’s Center on Education and the Workforce revealed that STEM jobs will take just 5% of the positions in the U.S. by 2018. The study also revealed that the tech sectors will also generate new jobs faster than the other industries by 33%.
Most of the new jobs will be within the inventory management bracket and the supply chain. The companies will also focus on balancing the gender by creating more opportunities for women. Currently, only 26% of the positions are occupied by women. This will create more diversity and promote more reach to the market.