TechTrends: Market Insights

Welcome to Talkin' Cloud – your go-to platform in the ever-evolving world of tech talent! We're here as your ultimate source for career advice, hiring strategies, and industry insights that'll keep you ahead of the game.??

This week we explore the dynamic tech job market, analysing the latest trends and exploring the current growth in tech employment. ?

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What’s happening in the UK Tech Job market? ?

The UK tech market is buzzing with exciting trends and opportunities, making it an ideal time to stay informed and ahead of the curve. Here are some key insights that highlight the industry:?

??Booming Demand: The demand for tech talent has reached unprecedented levels, with a remarkable 25% increase in tech job openings over the past year. This surge reflects the growing reliance on technology across all sectors.?

?Top Skills in Demand: Companies are increasingly seeking experts in artificial intelligence (AI), cybersecurity, and cloud computing. These fields are not just buzzwords but pivotal areas driving the tech job market forward, with specialists in these domains being highly sought after.?

??Remote Work: The shift towards remote work is more than a trend; it's becoming a standard. Currently, 40% of tech roles offer flexible working arrangements, making the sector more adaptable and appealing to a diverse workforce.?

??Most Sought-After Position: The role of Data Scientist has emerged as the most in-demand position across the UK. Employers are keen to find professionals who can turn vast amounts of data into actionable insights, driving business decisions and innovation.?

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??Regional Insights on Tech Job Opportunities?

Here’s where the actions at!

??London: As expected, London remains the epicentre of tech innovation, with the highest number of job openings and the most sought-after roles, particularly in fintech and AI.?

??Manchester: Known as the “Northern Powerhouse,” Manchester is seeing a surge in tech start ups and has become a hub for software development and digital marketing jobs.?

??Edinburgh: Scotland's tech capital is rapidly growing, with a strong focus on data science and cybersecurity.?

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??Tech Employment Rates and Growth?

The tech sector is not only resilient but also thriving. Here’s a snapshot of the latest employment statistics:?

??Employment Rate: The tech industry boasts an impressive employment rate of 87%, significantly higher than the national average.?

??Job Growth: Tech jobs have grown by 10% year-on-year, with over 1.7 million people now employed in the sector across the UK.?

??Salary Surge: Average salaries in tech have increased by 7% over the last year, reflecting the high demand for skilled professionals.?

??Salary Trends

As mentioned above the average tech salaries have seen an impressive 7% rise, underscoring the high value placed on expertise in this field. Despite the challenges posed by global events, the demand for skilled tech professionals has remained strong. From software development to cybersecurity, employers have been offering competitive salaries to attract and retain top talent.?

Microsoft Salary Insights:?

For those of you focusing on Microsoft technologies, insights into the company's salary trends are invaluable. If you're specifically interested in Microsoft roles and seeking deeper insights into salaries, we released Your Ultimate Microsoft?Report 2024. Providing?insights into the latest industry salaries based on FY 23/24 data across Azure, Modern Work, Power Platform, Security, Data + AI, and Dynamics 365 CE / Business Central to help you build your teams or explore opportunities for your next career advancement. ?

Want a copy of the report? Comment 'YES' below, and we'll send it your way!???

??Check out ... ?

Cloud Decisions Wrap’d podcast returns!??? Oli Ridley sits down with Amar Bilas , Head of Cloud at HSO as he uncovers?the building blocks of a successful Microsoft Cloud Practice.

Thanks for reading + stay tuned for more insights coming up in our next newsletter!

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