The tech industry is booming, a record-breaking $18bn of venture capital investment was raised by UK tech companies in the first half of 2021 alone. Demand for technical services of all kinds, from software development to IT infrastructure to cyber security is at an all-time high and already 3 million people are employed by the industry.
However, the industry is facing a challenge. Finding and retaining good people is hard. Here in the South West it is vital that we protect our talent pipeline to continue to build our reputation as a tech hub.
During a recent round table, we spoke with employers from across the region, as well as representatives from local universities and training providers, about the current market’s challenges and opportunities in developing and attracting talent. Five key challenges were identified that employers in the South West must address.
- Creating partnerships with local education institutions to develop strong pathways from every stage of education into employment
- Working together to create a community in the area through partnerships and events
- Thinking more widely about where talent might come from and expanding opportunities for skills development and career change
- Adopting a pragmatic approach to remote work, considering when it is essential to be physically present at a work location
- Ensuring that training and skills development are woven into the way we do business.
To read more about the experiences guests at our roundtable shared then read our full briefing paper here.