Paysa, the platform that uses artificial intelligence to deliver personalised career and hiring recommendations plus real-world salary insights, this week released new research. This latest study reveals 100 highest ranking companies, which have experienced the greatest success in hiring and retaining top technical and engineering talent over the past six months.
The study is especially timely since the war for top talent, especially in high demand fields like technology and engineering, continues to be fierce. According to a Bureau of Labor Jobs Openings and Labor Turnover (JOLT) survey released earlier this month, the number of available jobs increased to 5.9 million in July 2016 – up one million from the same time last year. Hires and separations were little changed at 5.2 million and 4.9 million, respectively, suggesting that the skills gap overall is widening.
To conduct the study, Paysa used its CompanyRank technology, a machine learning algorithm that aggregates and analyses resumes, job postings and social activity – nearly 8 million points of data – across nearly 200,000 companies over the past 10 years. Paysa’s CompanyRank interactive tool, available on the Paysa website, also uses this technology. Employees, job seekers, investors and partners can use the tool to gauge the health of a particular company or see how it’s performing against other companies over time.
To create the recent findings, Paysa tracked changes from the first half of 2015 to the first half of 2016.
Companies analysed as part of this research included those with 100 employees or more, ranging from Silicon Valley tech standouts like Google, Pinterest, DropBox, Uber, Airbnb and Tesla Motors, to blue-chip businesses like Walmart, General Motors, American Airlines and Target.
The data, in its entirety, reflecting the complete set of findings, is now available.
Key findings include:
- The top 10 companies among the top 100 top ranking companies that have climbed the most in the last six months in regards to recruiting and retaining top tech talent include Lyft, Snapchat, Lending Club, Veritas Technologies, Expedia, Tesla Motors, Okta, Inc., Cox Automotive, Docker and Stripe.
- Companies that made it into the top 20 included Credit Karma, Zulily, Braintree and Twilio.
- The companies that saw the greatest flight of technology and engineering professionals include Twitter, Box, Scentsy, Nimble Storage and Groupon, with their employees going to a wide range of startups and established companies like Google, FitBit, Uber, Airbnb, Lyft, Pinterest, Pure Storage, Facebook, Stripe, Amazon and Salesforce.
- The biggest turnarounds: companies such as Netflix, Adobe, Hulu and Capital One had rankings that fell and then bounced back the most.
- Organisations with the most significant growth included Sage Publishing, Postmates, BlueApron and Kabbage. While they didn’t make the top 100 this time around, these companies gained the most positions, with a chance to become the next Uber or Airbnb, making them ones to watch.
“Future financial health and success depends upon how well you manage your investment portfolio today – how you look at a particular company’s buy and sell ratings before you decide where to place your bet,” said Chris Bolte, CEO of Paysa. “Similarly, making important career and job transition decisions requires reliable insight, based on performance indicators, for the greatest chance at opportunity and salary advancement. That’s why it’s so important to pay attention to the migration of top performing technical and engineering talent, arguably one of the strongest signals of a company’s health.”
“On the flip side, businesses must understand how talent flows – where most of their new hires are coming from – so they can better forecast and get an edge on expansion.”
“Growing companies hire talent from larger companies, but this type of transformation doesn’t happen overnight.”