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UK IT Jobs Market Review

For those tech companies on a mission to find top software engineers, developers, data scientists or Board level executives right now, a lot of factors are in play that are making this extremely tough (to put it mildly). 

Are you surprised by the current UK technology jobs market? Are your job postings plus wider recruitment activities returning suitable applicants?

Challenging jobs market (Summer 2021)

Placing the Tech in MedTech and BioTech

A strong growth in market interest in medical technology (MedTech) and biotechnology (Biotech) companies, driven by an ageing population, a global pandemic and increased healthcare spending, has seen the UK leading the way in the development of: medical devices; diagnostics and monitoring software; digital health tech; pharmaceutical manufacturing technologies and genomics.

Employment in the Green Economy

Most people want to help the climate crisis, not least of all to protect the future of their own children. The recent findings of a YouGov poll, showed that 80% of women and 70% of men are keen to play a part in tackling climate change.

People from all ages and regions over the UK are seeking employment with some environmental purpose. Working for organisations that are actively reducing their carbon footprint or supporting net zero goals in some ways is attractive.

Interest in UK Jobs from non-EU Candidates

During the past year, interest in UK jobs from candidates based outside the EU has increased by 20%, according to a new survey by Indeed.

For the first time in seven years, UK based jobs advertised on Indeed.com are attracting a greater number of clicks from outside the EU than from EU countries. 

Interest from the EU has seen only a slight increase of 1.3% since 2019. Overall, there has been a steady decline in EU interest since the 2016 Brexit referendum as EU citizens will face visa restrictions for the first time with the end of freedom of movement on December 31st.

Startup Recruitment - Sponsorship

It is paramount for startups to hire talented people who want to work hard to build something from the ground up. However, the costs of sourcing and hiring a Developer or Software Engineer in the UK, especially in London, can be high, so many founders end up outsourcing the work to remote contractors based offshore.

Startups can look to India, Spain, China or many remote locations to get a job done but that doesn’t replace an in-house team of permanent hires with a shared vision for the longer term.