Technology

Fayetteville stands out for low turnover rate of tech workers

By Staff Report, posted 2 years ago
Photo courtesy of NC TECH

The annual NC TECH Talent Innovation Index Release and Briefing webinar was held this morning, Oct. 12. The virtual event was hosted by NC TECH research partner Ted Abernathy with Economic Leadership to provide the results and rankings. 

The methodology, developed with input from tech leaders, uses a list of metrics grouped into three sub-indexes: tech talent supply-weighted 45 percent, tech talent demand-weighted 35 percent, and innovation-weighted 20 percent. 

One of the biggest factors affecting not just the tech industry but all industries is the labor shortage. However, North Carolina’s tech industry continues to grow despite this discouraging reality. “...There’s never been a time where North Carolina's rankings in terms of being a good place to do business have been any higher…” shared Abernathy. 

Fayetteville displayed the lowest turnover rate of tech workers across the ten North Carolina metropolitan areas that were being compared. With a turnover rate of just 32.8 percent, Fayetteville shows stability in the tech industry and positive signs for growth. 

Fayetteville also ranked highly on the list of business applications per 1,000 adults claiming the third spot with 27.5. Raleigh-Cary holds the second spot with 27.5 and Charlotte-Concord-Gastonia takes the lead at 30.7.

North Carolina possesses a lot of competitive assets for technology companies such as leading research universities, strong population growth, competitive energy prices, a reliable energy grid and more. “Our estimates are that we’ll be one of the leaders in the United States of technology growth over the next ten, fifteen years well above the national average, well above the southern average…” commented Abernathy while summarizing the findings of the research.

Ico insights

INSIGHTS

SPONSORS' CONTENT

In The Current Issue

Cape Fear Regional Theatre hosts official groundbreaking for Act 2: Expansion and Renovation

Cape Fear Regional Theatre officially broke ground on an expansion and renovation of their facility at 1209 Hay St. on April 7. Photos by GFBJ.At noon today, April 7, Cape Fear Regional Theatre officially broke ground on an expansion and renovation o


DistiNCtly Fayetteville announces the first ever Fayetteville Tourism Awards and Annual Tourism Summit

DistiNCtly Fayetteville is calling all hospitality businesses throughout Cumberland County’s vast tourism industry to submit their nominations for the 2025 DistiNCtly Fayetteville Tourism Awards coming to the community on Sept. 18, 2025. This is


Quite an improvement: Fort Bragg's homestead project brings $91 million investment to improve military housing

Renovations to a roof in the Pope Army Airfield's Hillcrest neighborhood is part of the Homestead Project. Photo by Jason Ragucci, Fort Bragg Garrison Public Affairs Office.Fort Bragg is undergoing a transformation with the launch of the Homestead Pr