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There has been a growing demand for skilled IT professionals, according to new findings.
Research published by Morgan McKinley Salary 2016 revealed that there has been an increase in the number of technology jobs. Indeed, the number of vacancies in the IT sector is expected to rise by 30 per cent by the end of this year.
The report stated that there will be a growth in digital technology companies in London.Indeed, an additional 45,000 of these firms is expected to spring up, which will boost the economy by £12 billion. However, larger companies may find it more difficult to source skilled IT staff, according to the findings.
This is because smaller firms are able to offer a number of different benefits such as flexible working and the ability to take on more responsibilities and innovate, which the bigger companies may not necessarily be able to offer.
Speaking about the findings, Cem Baris, associate director of Technology, at Morgan McKinley, said: “London is a very attractive destination and a growing number of technology companies are headquartered here, from large corporations to startups declaring the capital the technology epicentre of Europe.
“There is a renewed confidence in the economy within the sector and IT professionals are reaping rewards with many enjoying salary increases.” However, he added that: “Employers will find it difficult to attract and retain the most skilled employees and therefore need to work hard to ensure their offering is compelling and goes beyond pay alone.” In order to tackle the skills shortage, firms have kickstarted a number of initiatives to teach IT, coding and digital at schools and university.
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