The phrase “tech startup” may conjure up images of traditional tech hotspots such as San Francisco, New York City, or even Austin, Texas. Hundreds of jobs are available, and the technology boom has enabled many local families to improve their financial situation.

Furthermore, this growing business can assist local professionals in upgrading their skills in order to meet the growing demand for specialised positions. Listed below are a few ways that technology companies can improve the financial lives of many Carolinas residents.

VALIDATION AND INSPIRATION OF LOCAL TALENT

According to the Bureau of Labor Statistics, workers in North Carolina earned $30.4 billion in 2019, with IT occupations accounting for 11% of the total.

Spoonflower, a local IT behemoth, has been hiring local talent for 13 years and is still going strong. They recently announced that Shutterfly had purchased them for $225 million. Their previous experience has taught them that the local job market is competitive.

According to Jessica Lesesky, Spoonflower’s chief revenue officer, when posting a job, employers should consider the person they are attempting to attract on the other side and adjust the job description to match the competence they are seeking.

Educating students at all levels about their career options and what it takes to obtain a fulfilling role is an important part of the equation.

She claims that because local universities, high schools, and technical institutions have so much information, it is possible to collaborate with them. To help students prepare for COVID-19, the company organised a field trip programme where students could tour the production facilities and learn about the various occupations available. Those efforts have now been transferred to the internet.

“I believe that introducing children to businesses and what they do at a young age makes them fall in love with their city all over again, which encourages them to stay and give back,” she said.

PROFESSIONAL DEVELOPMENT IS ENCOURAGED

Raleigh, N.C., was the only city outside the midwest or west to make the top five in a 2021 report of the most financially fit cities in the United States. Raleigh, as part of the research triangle and home to many tech startups, is unsurprising, but Charlotte, N.C., a central financial hub, is in the bottom half of the list. With technological innovation on the rise, there should be a greater emphasis on closing the financial literacy gap, allowing people to earn more and better manage their finances.

Professional development is one method for accomplishing this. According to Pew Research, 47 percent of employees believe that additional training helped them advance in their current company and earn a salary increase.

Employees at Spoonflower can complete internal internships with other business units to broaden their on-the-job learning. In addition, each employee receives a stipend to further their formal education through classes and additional designations. “If you are pursuing other programmes or a master’s degree, we have a budget set aside for furthering your education. “We believe in people investing in themselves and their careers,” Lesesky said.

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