It may account for only about a quarter of the UK’s population, but London and the South East create nearly two out of every three of the country’s new IT jobs. In a regional breakdown of it’s books, IT jobs agency ReThink Recruitment said the region generated 64% of IT openings, which is up from 58% two years ago.
London generates 40% of all new IT jobs, compared with 34% in June 2008, and the South East accounts for 24%, compared with 23% over the same period. The increases are thought to be due to London and the South East’s high concentration of banks and financial institutions ‘bouncing back’ from the recession. Commenting on these findings, Director Michael Bennett said, “As businesses levels have picked up, many have found themselves understaffed and have had to replace a lot of the IT skills that were shed during the recession.”
A ‘significant’ uplift in demand for financial IT skills, particularly compliance, was put down to a new breed of bank opening on the high street and at the supermarket checkout, in the aftermath of the credit crisis.