Latest Blog entries in Startup Recruitment
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 (something of an understatement).
If you already have recent, direct, experience of this you will have found job postings plus wider recruitment activities returning few suitable applicants; stiff competition for the attention of top flight candidates; salaries that are several levels beyond those being paid pre-Covid.
Here are some of the factors that have led to this:
London is home to more software developers than any other European city, with over 359,000 full stack developers across the capital, according to research by Atomico and Stack Overflow. London retains its spot as the largest tech hub for professional developers, followed by Paris (267,000), Amsterdam (216,000) and Cologne (165,900).
AI is more than a trend in investment activity. Uniquely, AI is a sub-sector of technology which is set for a development surge as technologies associated with AI advance and the reliance on AI products for businesses across all sectors to stay competitive grows.
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.
Employees are often faced with a dilemma when their skills are highly sought after - to take a new job offer and career challenge, or accept a counteroffer and stay put? Should I stay, or….
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.
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.
How have the UK’s tech scale-ups been faring during these uncertain times? Before we put some flesh on the bones of any answer, let’s rewind the tape. Scaleups are of course the ones that get through - the fledged organisations that may have a future!