Sorry, EU! UK tech explosion scores major coup for Brexit Britain – jobs surge 101%

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Indeed’s data showed that vacancies in UK tech jobs have doubled over the last 12 months, making it easier for British companies to fill tech roles than their counterparts in the US and many countries in the EU. Indeed’s analysis revealed that the number of UK tech sector vacancies posted on the platform doubled up by 101 percent between October 2020 and October 2021.

Candidate interest in tech jobs has also increased by a third over the past two years, again making it easier to fill those vacancies for the UK.

In October, 37 percent of the UK tech vacancies listed on Indeed’s website were classified as “hard to fill”.

That means that they had not been filed within 60 days of being posted.

But 47 percent of jobs in Germany were hard to fill, with 39 percent in France.

Meanwhile over half of tech vacancies in the Netherlands, at 57 percent, and Portugal at 53 percent and Belgium at 51 percent were classed as hard to fill.

Filling tech positions, many of which require people with specialist, in-demand or highly trained skills is harder in this sector than it is for most others.

For other job postings on Indeed, only 16 percent of them go unfilled for more than 60 days.

According to VC Atomico’s annual State of European Tech Report, two reasons may explain why Britain’s tech employers are faring better than their European counterparts.

The first is a steady increase in the popularity of jobs in this sector.

Over the past two years, the number of job seekers who click on UK tech vacancies on Indeed has soared by 34 percent.

The second is that demand for British tech jobs has apparently surged among foreign applicants.

Indeed’s report showed that in October 2021, more than one in 10 of the prospective candidates clicking on UK tech vacancies were based overseas.

Two years before that, in October 2019, overseas applicants only account for 7.9 percent of interest.

While interest from EU candidates remained flat over those two years, enquiries from tech jobseekers living outside Europe has seen a huge boost.

Bill Richards, UK managing director at Indeed, said: “The rebounding economy has sparked a wave of hiring across the board but many sectors have seen a surge in the proportion of roles taking more than 60 days to fill.

“By contrast, the success of Britain’s tech industry has long made it a challenging sector to recruit in.

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“Not only do tech employers typically require people with specialist skills and experience, but they invariably face stiff competition from rival firms seeking to woo people from the same talent pool.

“Crucially, as the demand for staff from tech employers has picked up, but so too has the popularity of tech as a career.

“Tech sector vacancies are attracting a third more interest from job seekers now than they did two years ago, and more than one in 10 of those prospective candidates is based overseas – a sign that a job in UK tech remains an attractive proposition among foreign tech professionals.”

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