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The Tech Talent Gap

The Tech Talent Gap

28 Jan 16:00 by Daniel Knott

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If you don’t work in the Tech sector you could be forgiven for thinking that it’s all doom and gloom in the employment market and that employers are seeing huge increases in applications for roles across the board but that isn’t the case for the Tech Sector. 

 

In 2020, a survey of 3000 business leaders in the Tech sector found that 65% cited hiring talented staff as the major challenge to their businesses, up 6 points from 2019 (59%). 

 

During the first wave of the pandemic companies were spending and extra $15Bn a week on Tech, making it the biggest surge in Tech spending in history. This rise in spending has also seen a huge increase in demand for the top Tech talent. 

 

Prior to COVID-19, 2020 skills shortages remained close to an all-time high. Subsequently, shortages in tech talent have remained high, only marginally dropping compared to the 2008 Global Financial Crisis. In addition to cyber security skills (35%), the next three most scarce technology skills are organizational change management (27%), enterprise architecture (23%) and technical architecture and advanced analytics both at 22%.

 

This has been felt across the industry with IT Recruitment firms experiencing a wave of demand for skilled workers, who are in increasingly short supply. This is creating huge challenges across the Tech sector and forcing businesses to look at how they are structured and improve their offer to attract and retain the best talent.

 

Here at Colossus Associates we are keenly aware of the challenges faced by our clients and have been working day and night to connect the best talent with some of the best names in Tech across the UK. 

 

If you work in the Tech sector and you’re looking to change roles or want to speak to one of our team about your options in a dynamic marketplace, we are ready and waiting to take your call. Now is the ideal time to put yourself out there, demand for Tech talent is on the up and the Colossus Associates team are connected to the very best opportunities. 

 

Photo by Christina @ wocintechchat.com on Unsplash

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