The continued rise of the creation of tech jobs shows no signs of abating. Global job site Indeed recently published data that demonstrates the scale of this job creation. It claims that more than one in ten of every new job created in London so far in 2017 has been a technology role. This means that the tech sector is now stretching ahead of the likes of professional services and the financial sector, and now stands as the biggest non-management employment segment in the capital.
The growth of artificial intelligence is playing a considerable role in the rise of tech roles. As organisations battle to lead and be at the forefront of AI, a significant growth has been seen in the jobs market. Two of the fastest growing new roles over the last couple of years are data scientist and machine learning engineer positions. Since 2015, there has been a 191% growth in machine learning posts, and there has also been a 136% increase in the number of data scientist positions created.
The tech sector has seen increases across the board in the full range of positions. The greatest rise has been in the creation of full stack developer roles - an astonishing jump of 232% since 2015. A further 3 tech roles: reliability engineer, development operations manager and platform engineer, have all seen an increase of over 100% during the same period. Other roles, such as Cloud Engineers and Data Warehouse Engineers, have also seen a considerable increase.
The growth in job creation across the tech sector comes despite the UK’s decision to leave the EU. Overall - across all sectors - the UK has slipped slightly as the destination of choice for jobseekers within EU15 countries, down from 37.2% to 33.8%. However, it should be noted that the UK still tops the list.
Any blips or uncertainties that might exist in other sectors certainly doesn't seem to be in evidence in the tech sector. After all, software is disrupting every industry. To a certain extent, all companies now need to become software companies. This means that sourcing, recruiting and retaining the top tech talent has become a critical concern for organisations.
These concerns are not without challenges. Whilst the software economy is definitely a significant driver in the creation of new job opportunities in London, it is also highlighting the shortfalls that exist in terms of tech talent. The junior end of the market is well served and has been able to meet demand. However, more senior roles and developer roles have proven more difficult to fill for employers. In fact, almost half of the hardest to fill positions are developer roles.
Typically, the location of jobs has been determined by the location of where companies are based. Of course, the internet has very much changed this dynamic. However, the fact that talent now migrates to the places that it wants to live is an advantage for London and its tech sector. The city is seen as a great and vibrant place to live. Top tech talent has been drawn to the capital. Of course, post-Brexit, if continued economic success is to occur, Britain must continue to be seen as an attractive destination for global talent.
This article was written by Simon Benford-Blows, Director - RPO, Talent Acquisition, EVP, Recruitment, Outsourcing, MSP, VMS, Graduate & internship, Workforce Planning at Pertemps.
Connect with Simon on LinkedIn here.
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