Close this search box.
Close this search box.

Why You Need to Budget Today for More Data Analysts Tomorrow

Just in the past year, demand for data analysts has increased by 96%, and Forbes says this demand will keep growing.

With national unemployment at a low 4.9%, being able to recruit and retain seasoned, experienced data analytics experts is going to be challenging. Here are 5 ways your company can maintain its competitive hiring advantage.

1. Compensation considerations. The median salary for professionals with big data expertise is $103,000 a year, according to Forbes. If you need a staff of 10, that’s $1 million in salary costs just for data analysts. That doesn’t include benefits, which usually run about one-third the cost of the salary. Be sure to budget appropriately.

“With an average of 35 data jobs available in every state, why would the best of the best want to work for you?”

2. Standing out from the crowd. Glassdoor’s 2016 jobs survey showed that being a ‘data scientist’ is one of the 25 ‘best jobs in America’. According to Glassdoor, there are currently 1,736 data scientist jobs available today, at a median base salary of $116,840. With an average of 35 data jobs available in every state, why would the best of the best want to work for you? You’ve got to ensure that your HR staff, your data analyst supervisors and your advertising can answer that question well.

3. Location, location, location. Consider locating your business in or hiring from markets that have an abundance of data analysts now. The top three markets for these experts are San Jose/Sunnyvale/Santa Clara, San Francisco/Oakland/Fremont, and the DC/Arlington areas, according to the Dept. of Labor.

4. Training internally. Make sure your team supervisors are looking across the company at the education, experience and skills of the people you already have. Are they applicable to those needed by a data analyst? Is there anyone on your staff that you feel is trainable? Consider that there are no recruitment costs for these people and that their retention score is already high.

5. Be willing to pay for H1b visas. For certain positions, especially those in math and science, the best people may not be available in your market. Look to the market that has the right skills you need, and consider covering the cost of the H1b visa for that person. For maximum benefit, you can always have your best foreign data analysts train your U.S. employees.

As one of the best jobs in America, data analytics employees are not going to just fall at your door. You’ve got to woo them and win them. Start working with your CIO and your HR head today to understand what’s needed, and commit to giving them the resources required so that your firm can find the best data analysts and keep them long into the futu


  • Get the CEO Briefing

    Sign up today to get weekly access to the latest issues affecting CEOs in every industry
  • upcoming events


    Strategic Planning Workshop

    1:00 - 5:00 pm

    Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

    Executives expressed frustration with their current strategic planning process. Issues include:

    1. Lack of systematic approach (70%)
    2. Laundry lists without prioritization (68%)
    3. Decisions based on personalities rather than facts and information (65%)


    Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

    To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

    New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

    Women in Leadership Seminar and Peer Discussion

    2:00 - 5:00 pm

    Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

    Limited space available.

    To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

    Golf Outing

    10:30 - 5:00 pm
    General’s Retreat at Hermitage Golf Course
    Sponsored by UBS

    General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

    The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

    To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.