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Tech recruiters rejoice as IT job vacancies surge

Vacancies for IT professionals increased 52% in the second half of 2020 as British employers focused on getting their remote networks up to speed.

While industries such as hospitality have been pummelled by Covid-19, it has never been a better time for recruiters specialising in the tech sector. Tech sector IT roles were up 38.5% year-on-year, according to the latest job vacancy report APSCo and Vacancysoft.

Unsurprisingly, the technology arena was the largest employer of IT professionals in 2020, accounting for 38.5% of all new IT jobs. While this reflects a 3.2% dip year-on-year, it was the smallest drop across all industries, and with recent record investment, APSCo predicted vacancies will continue to experience dynamic growth over the coming months.

Across the companies hiring for IT talent in 2020, Amazon topped the list, providing more than 1,117 new jobs, a 39.2% year-on-year increase. Meanwhile, vacancies at games developer Ubisoft jumped 267.8% year-on-year, with the firm employing 434 IT professionals in 2020. 

SThree study: employers struggle to find STEM talent
The vacancy report coincided with a global survey by STEM staffing specialists SThree which found that more than three quarters of employers continue to struggle to find the right specialist talent.

The survey, of over 550 candidates and clients across multiple STEM markets, revealed 48% were struggling to source talent with the required specialist skills. Three out of ten said finding candidates in the right location was also a challenge. This was despite the data showing job applications increasing by 300% in some regions, compared to the same period last year.

The research highlighted the ongoing demand for specialist talent in the STEM industry – with 58% of organisations wanting to find and hire people quickly.

SThree CEO Mark Dorman said demand for the right STEM talent has always exceeded supply, and this has only been exacerbated by Covid-19. “As economies begin to recover, and businesses return to growth, we believe that there is still pent-up demand for specialist expertise to be released – and this may increase competition for the best talent even further,” he said.

“What this also tells is us is that more has to be done to close the ever-growing STEM skills gap. Although 31% of our clients say it’s difficult to find the right candidates in the right location, the large-scale adoption of remote working means that geography is less of a barrier. In fact, 56% of the candidates we spoke to are looking for jobs in more locations. That’s encouraging, as companies should be tapping into new talent pools in an effort to address the skills shortage.”

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