UK Technology Sector Leads Way on Job Growth
According to a Tech Monitor UK report by KPMG, new jobs in the IT sector have consistently outpaced jobs in all other sectors over the past 10 years. The report shows that British technology firms have been particularly strong since the end of the recession with the larger tech companies reporting sharper employment growth since the end of the recession than smaller firms in the same industry. The numbers make great reading for anyone with ambition to progress through the industry as tech firms are currently employing 1 million out of a total of 28 million employees across all business sectors and job growth’s increased by 4.3% year by year over the first 6 months of 2013 compared with an average growth of 0.9% in the private sector.
Tudor Aw, head of technology at KPMG, said: “The UK technology sector has generated solid rates of job creation over the last four years and that it has consistently outpaced other UK private sectors in creating jobs since the global financial crisis in 2008/09.”
The results also showed a geographical biased towards the southeast and in particular the business areas around the M3, M3 and M25, with Wokingham as the country’s top area thanks to international companies based in the Suttons Business Park and the Thames Valley Business Park. Nationally, London is the second highest amount of technology workers with the areas of Hounslow and Richmond particular rich for technology jobs. There you practically trip over a tech worker no matter where you go as 21 out of the 33 local authorities have a higher proportion of technology jobs than the national average.
This news will certainly help the Chancellor George Osborne and the delegate of British technology firm representatives like Autonomy’s founder Mike Lynch and video games pioneer Ian Livingstone who are currently touring China with an aim to explore the business opportunities open to British firms abroad.