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Tech recruitment booms, outpaces UK economy

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Hiring in Britain’s tech sector is almost at its highest for over three years and outpaced the private sector according to a report by KPMG and Markit.

The TechMonitor UK survey tracks hiring intentions and business activity.

techmonitorPMIIn the first quarter of 2014 hiring intentions rose to 56 (figures over 50 show growth). This was comfortably above the overall private sector average of 53.7.

Business activity reached 60.0 in March, well above the 50.0 no-change threshold and close to the ten-year high of 60.9 recorded at the end of 2013, revealing business activity growth in the tech sector outstripped the UK economy as a whole.

Despite recent downturns in tech stocks, KPMG’s Head of Technology Tudor Aw said the longer term outlook is positive:

The data in this report point to a UK tech sector that is in rude health, and increasingly optimistic in its outlook on business activity and recruitment plans

More positive news for Tech Britain

This news comes after a series of positive reports and surveys demonstrating the resilience of Britain’s tech sector.

In March Accenture revealed investment in fintech startups was growing faster than their equivalents in the Silicon Valley.

Looking for a new role in a tech startup? Tech City News are media partners for the next Silicon Milk Roundabout between 10-11th May. Find out more and register for free.

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  • sorry I very strongly disagree as I’m an IT professional and I have been jobless for over 3 yrs with no end in sight 🙁

  • Tom Sanchez Smith

    For anyone looking for a job in a tech startup, head to Silicon Milkroundabout startup job fair in London – the next one is this weekend!

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