Brexit and Recruitment, What’s The Impact?

As Brexit approaches, jobs within the banking and financial sectors are flourishing across European cities like Frankfurt, Paris and Dublin. While in the UK, it is the Technology sector that is booming.

As we continue to see more downward pressure from Brexit on the economy, why is it that the UK Tech sector continues to grow so steadily?

The UK has the best talent pool, globally, of professionals with tech skills. The number of roles advertised in the tech sector increased by 11% from 2016 to 2018, and according to Analysts at Robert Walters Plc, a specialist professional recruitment consultancy firm, the industry is due to increase by a further 11% this coming year (2019).

Ahsan Iqbal, Director of IT at Robert Walters, said: “The UK tech sector is continuing to grow strongly and we expect that to continue. Companies that are going to be successful in the future are those that are investing in tech.”

He continued, “A lot of tech staff do not need to be in the office five days a week and are operating from home or elsewhere at least some of the time. It has never been easier to set up a base using serviced offices, so businesses are able to be agile.”

Second, to New York, London has the highest level of banking and financial talent in Europe, however, in 2018 more banking and financial services candidates left London for jobs in other parts of the world, such as; Zurich, Frankfurt, Paris, Madrid and Dublin, than were hired in the UK.

James Murray, Director of Financial services at Robert Walters, said: “There is still a lot of recruitment activity for technology jobs in the banking and financial sector. When it comes to Brexit, those we are talking to have a variety of different contingency plans and they will implement whichever one is necessary. The biggest worry for them is a no deal Brexit.”

It has never been a better time for techie firms and IT professionals based in the United Kingdom.

At TwistedPair, likely in part due to our involvement within this fast-growing technology-led sector, of which we are proud to be a part of in the UK, we have developed and expanded our team of ‘techie’ pro’s, year on year over the last five years. This year, to date, we have seen the largest growth across all areas of the business, including within our recruitment, with an astounding 32% increase in staff enrollment since the beginning of this year. It’s an exciting time at Twisted.

If you are looking for communications solutions for your business, here in the UK or anywhere across the globe, we have the resource. Stay ahead of the technology curve; get in touch with TwistedPair today – sales@twistedpair.co.uk.

Index