IT Jobs Report June – IT in Brexit Uncertainty
It’s not only the weather that is damp at the moment. Brexit uncertainty has certainly dampened the outlook of the IT jobs market. Unclear future employment conditions for experienced professionals as well as those seeking to work in the UK has slowed down the IT recruitment industry.
The state of the IT jobs market in June
If May and June have shown anything it that there is a weaker growth in job vacancies available for both temporary and permanent IT job roles.This has made candidates even more risk averse of applying for or switching to new jobs.
The slow growth of IT jobs is in sync with other sectors like construction, retail and at executive level too, all of which are suffering with the stagnant nature of UK/EU future relations. Unfortunately the process of finding a new PM is likely to change the landscape further, entreating even more candidates to sit tight until the Brexit landscape becomes more clear.
However, with fewer available candidates in the market, it has meant that salaries have continued to grow sharply. When there is a scarcity of experienced IT professionals in the market, then those that change jobs are highly likely to expect to be well-compensated for doing so.
IT jobs in the Midlands
Following the national trend, IT placements in the Midlands showed a decrease in permanent placements and one of the fastest dips in the UK. This, if anything shows what the effects of uncertain economic, political and trade conditions brought upon the UK by a parliament stuck in a Brexit Groundhog Day.
The Midlands is a tech—savvy region, home to some of the biggest IT employers in the country. If tech employers like bet365, Wavenet, Vanti and Synapse are struggling to fill their vacancies then it shows that candidates are staying put and there just isn’t enough of a candidate pool filling open roles.
The potential problem for IT candidate stagnation
The long-term effect of this lack of candidate availability is ultimately going to be a slowdown in operational output, research & development and product roll out. While things haven’t gotten to that stage yet, a smaller candidate pool means less competition. Tech firms need that strong pool of competing talent to ensure their products and services are at the cutting edge of relevant technology.
IT jobs in the North West
The North of England on the other hand is seeing a much more positive effect. As Regional KPMG Partner Nicola Quayle commented on the recruitment industry overall in the North West, in the latest IHS Markit report:
“The North is charging ahead and making really positive gains in permanent job placements. However, whilst [released] figures might be an encouraging sign of the region’s health, we should not become complacent and be mindful of a gloomier national picture. There is still much more that can be done to improve the local skills base.”
She further commented that overall, in a line that could have come straight from the throne room of Winterfell in Game of Thrones,
“We need to prioritise building a workforce for the future to sustain economic growth and help the North become more resilient to economic and political disruption.”
In UK terms this means that overall, the North, in alignment with a growing emphasis on creating a Northern Powerhouse (which may or may not be helped by the completion of HS2) should be wary of the political influence of the South East and seek to reduce its impacts where possible.
IT skills needed:
Digital and Gaming