The latest figures from the Business Register and Employment Survey (BRES) show no relief for UK businesses struggling to find talented IT staff.
With the economy continuing to improve, the 2015 figures show a 5.8 per cent increase in the number of IT and technical staff in the UK.
Yet despite the rise in the number of employees joining the sector, demand continues to far outstrip supply and companies are looking to bring in the required technical experience as soon as possible, yet many continue to try and get by under-headcount.
The figures also show that London continues to dominate the British economy with the number of workers in the capital now standing at 4.73 million up from 4.55 million in 2013.¹
The result is an increasingly bare tech scene outside of the south-west and an on-going talent drain towards Greater London.
Farida Gibbs, CEO and Founder at Gibbs S3, hybrid IT consulting and staffing solutions company commented:
These figures shouldn’t come as a surprise, yet not enough is being done to address the lack of STEM and IT candidates. Companies are finding it harder and harder to get the right candidates and it is costing the British economy millions in missed opportunities and unrealised growth. So many businesses are running under-staffed teams, unable to find the required skills to meet the demands of today’s market.
The move to rebalance the economy has yet to reach either the finance or the tech industries with both strongly associated with the south-west and figure showing that the North West and East Midlands regions shrank demonstrate that these two industries need to become more geographically diverse, a move which would be beneficial to the UK as a whole.
Companies can no longer afford to dip in and out of the market, assuming that they will find the right person. Instead, it’s important to always have an ear to the ground to avoid losing out on talented people. I’ve heard so many senior executives express concerns about staff with key technical knowledge leaving and the inability to replace them in good time. Yet these figures underline how realistic a scenario that is and therefore the need to make sure that good succession planning is in place. There are a lot of CTOs who are terrified of the fact that, the one person who can operate the database decides to leave, yet have made no move to distribute that knowledge. The solution is the engage with a long-term partner to have a more flexible resourcing strategy that can scale up or down as the situation demands.
Headquartered in Surrey, UK, Gibbs S3 provides world-class hybrid IT consulting and staffing solutions to companies across a wide range of sectors including oil and gas, pharmaceuticals, consumer goods and financial services. The company has pioneered a mixed model that offers both high quality IT staffing services and consultancy project solutions. This bespoke approach has secured a rapidly growing global footprint across the UK, Eastern Europe and North America.