“The £29.4bn raised by UK startups and scale-ups was double the figure raised in Germany (£14.7billion) and almost three times that raised by France companies (£9.7 billion). UK tech investment accounted for a third of the total £89.5 billion that flowed into the European tech ecosystem this year (2021).” (GOV Website) The UK tech sector has received a boom in investment, leading to a national upsurge in the number of firms hiring for tech oriented roles. The number of tech roles in the UK currently accounts for 13% of job vacancies according to Adzuna, with demand 42% higher in June 2021 than June 2019.
The UK tech sector has received a boom in investment, leading to a national upsurge in the number of firms hiring for tech oriented roles. The number of tech roles in the UK currently accounts for 13% of job vacancies according to Adzuna, with demand 42% higher in June 2021 than June 2019.
Why is this?
- Unequivocally due to the pandemic when technology acted as an enabler during unpredictable times for the UK economy.
- The impressive speed the technology industry has recovered in comparison to other industries, including travel & recreational services. Business becoming dependent on remote working and having to adapt processes during the pandemic has resulted in many viewing working life differently & adopting remote working permanently.
Approximately 9% of the UK’s population are employed by the tech sector, with the country having over 42,000 startups & around 10,000 corporate tech companies. Specific locations have seen a bigger demand for tech jobs including Cardiff, Preston, Edinburgh & Liverpool.
But which role is most in demand? Software developers of course! In Birmingham graduate developer salaries have increased by 5.2% year on year, with the average salary for a software graduate currently £28,860 in the Birmingham area (Adzuna). For a senior software developer position the average salary is £54,719. The market for these type of tech roles is hot…software developer vacancies have increased by 12.2% year on year. Due to the market being highly competitive & experiencing growth, there are more roles than there are developers; so how can a business stand out to attract exceptional talent in 2022?
- Create a Value Proposition i.e. training opportunities, flexible working, wellbeing days, desirable work environment
- Consider a Competitive Salary – Business’ will need to be mindful of what competitors are willing to pay (benchmarking)
- Promote Company Culture – In 2022 corporate culture is a primary motivation for many when selecting an employer
- Diversity & Inclusion – Central to business values
- Retention Incentives/Company Processes – Recognition of employee work & loyalty
- Be willing to hunt for candidates and wow them
To discuss how The Talent Hackers can help your business attract the right calibre of talent, please get in touch enquiries@thetalenthackers.com or call 0330 133 2097
