1、February 2024Unlocking the UKs tech talent potential Executive summary Talent plays an important role in the success of any business.Hiring individuals with the right skills can allow businesses to realise their potential and execute their vision,but the skills required are constantly evolving.The U
2、K tech sector is dynamic and rapidly changing,employing over 3m people.New technologies such as artificial intelligence(AI)are changing the skills that tech companies need,while the shift towards hybrid and flexible working models,accelerated by the COVID-19 pandemic,has broadened the geographical s
3、cope for job seekers.This report investigates digital skills and hiring in the tech industry in this context through the analysis of 15k active high-growth UK tech companies.Technological developments are leading to skill gaps in the tech industry,with demand outstripping supply on many occasions.Th
4、is imbalance has led to increased competition among businesses for talent,which has led to a rise in median salary for in-demand skills,such as the programming language Python.The digital skill gap is impacting the UK economy through loss of GDP.The Digital Skills Council,a collaborative effort betw
5、een government and industry to address the digital skills shortage,aims to develop solutions that ensure the UK remains competitive in the global economy.Diversity and inclusion have been major issues within the tech sector,at times companies within the industry have failed to hire those from a rang
6、e of gender,ethnic and socioeconomic backgrounds.Initiatives addressing these issues are becoming increasingly common,a positive sign for the development of the industry.Unsurprisingly,companies in London are at the epicentre of tech hiring,followed by the South East and the East of England.Companie