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There is evidence of a “jobs merry-go-round” in European centres as Brexit approaches, according to recruitment company Robert Walters.
In an analysis of recruitment trends, it found that banking and financial services jobs are performing better in EU hubs such as Frankfurt, Paris and Dublin, but the UK tech sector is outperforming its European counterparts.
Robert Walters also concluded that the UK continues to be the leading country in Europe in terms of candidates with IT skills, while the number of roles advertised in the tech sector increased by 11% from 2016 to 2018.
Furthermore, tech jobs in the UK are seeing more growth outside London. Job creation in Manchester in the tech industry was up 29% between 2016 and 2018, 22% in Leeds and 20% in Birmingham. In London, growth over the same period was 9%.
Ahsan Iqbal, director of IT at Robert Walters, added that he expected this growth in demand in the UK tech sector to continue, with London boasting the best pool of talent, but regions quickly catching up.
“It is not one that is overly dependent on supply chains and is a genuinely global sector, so it appears to be largely unaffected by Brexit,” he said. “Companies that are going to be successful in the future are those that are investing in tech – AI, robotics, e-commerce and fintech.”
Employers can now be far more flexible on location, added Iqbal: “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 and move activity to satellite offices in other parts of the country.”