Rising Share Prices in Tech Good for Job Market in U.K.

By

The U.K.’s tech economy is looking promising for jobs. Data from the Association of Professional Staffing Companies (APSCo) reveals that placements, across all professional sectors, have increased year-on-year for both the permanent and contracting segments.

Thanks to encouraging gross domestic product (GDP) results, the economy has been on the upswing, in fact, at its fastest, since 2007. The technology sector is showing the most improvement, as nearly 44 percent of UK tech firms plan to hire more staff throughout 2014, leading analysts to believe that technology employment is expected to grow over the coming months.

“As optimism in the economy heightened towards the end of 2013, many organizations within the IT sector resurrected projects that had been put on hold during the financial downturn,” said Ann Swain, Chief Executive of APSCo in a statement. “Consequently the demand for highly skilled contractors – for example to manage large scale system upgrades – who could quickly enter a business, hit the ground running, and manage the project until completion intensified. With employers realizing the benefits of contractors for project led work we expect their use to increase hugely over the coming months.”

Data also revealed

  • The number of overall vacancies increased by +3.5 percent, signaling six months of consecutive growth within this sector
  • Employers within the technology space are using flexible labour as a matter of course – driven largely by project work – with +11 percent more contract positions over the last year than permanent ones

“There are already more IT workers in the UK than in any other European country and while the strong demand we are seeing at the moment should enable the UK to maintain this lead, most countries are recording increases in IT employment,” said John Nurthen, Executive Director International Development for Staffing Industry Analysts.




Edited by Cassandra Tucker

TechZone360 Contributor

SHARE THIS ARTICLE
Related Articles

Coding and Invention Made Fun

By: Special Guest    10/12/2018

SAM is a series of kits that integrates hardware and software with the Internet. Combining wireless building blocks composed of sensors and actors con…

Read More

Facebook Marketplace Now Leverages AI

By: Paula Bernier    10/3/2018

Artificial intelligence is changing the way businesses interact with customers. Facebook's announcement this week is just another example of how this …

Read More

Oct. 17 Webinar to Address Apache Spark Benefits, Tools

By: Paula Bernier    10/2/2018

In the upcoming webinar "Apache Spark: The New Enterprise Backbone for ETL, Batch and Real-time Streaming," industry experts will offer details on clo…

Read More

It's Black and White: Cybercriminals Are Spending 10x More Than Enterprises to Control, Disrupt and Steal

By: Cynthia S. Artin    9/26/2018

In a stunning new report by Carbon Black, "Hacking, Escalating Attacks and The Role of Threat Hunting" the company revealed that 92% of UK companies s…

Read More

6 Challenges of 5G, and the 9 Pillars of Assurance Strategy

By: Special Guest    9/17/2018

To make 5G possible, everything will change. The 5G network will involve new antennas and chipsets, new architectures, new KPIs, new vendors, cloud di…

Read More