12 labours of hercules v level 3.1110/18/2023 ![]() ![]() ![]() Sections I and II of this report define the high tech industry, or the "high tech sector," as industries that employ a high concentration of employees in science, technology, engineering and mathematics (STEM) occupations and the production of goods and services advancing the use of electronic and computer-based production methods. There is no single high tech industry-rather, new technology has transformed industries like telecommunications and manufacturing and the functions of numerous occupations. The industries and occupations associated with "high tech" are rapidly evolving. Employment trends in the high tech sector are therefore important to the national economic and employment outlook. These jobs are important to companies in all industries that require workers with technology skills. In addition, jobs in the high tech industry have a strong potential for growth. These jobs tend to provide higher pay and better benefits, and they have been more resilient to economic downturns than other private sector industries over the past decade. This report seeks to shed more light on employment patterns in the high tech industry by providing an overview of literature as a backdrop to understanding high tech employment, and analyzing corresponding summary data from the Employer Information EEO-1 Report (EEO-1) collected in 2014.Įmployment in computer science and engineering is growing at twice the rate of the national average. Ensuring a sufficient supply of workers with the appropriate skills and credentials and addressing the lack of diversity among high tech workers have become central public policy concerns. Equal Employment Opportunity Commission (EEOC) and its stakeholders understand the emerging trends in this industry. Because this sector is the source of an increasing number of jobs, it is particularly important that the U.S. As an innovation leader, the high tech sector has impacted how we communicate and access information, distribute products and services, and address critical societal problems. The high tech sector has become a major source of economic growth fueling the U.S. ![]()
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