10% of all new opportunities are in the IT world

According to a new industry data released by Indeed, one of the largest worldwide recruitment and job listing companies, a tenth of all new positions created in the UK over the last 12 months have been in some form of technology related field. This data has come from the firm’s own website and is based on literally hundreds of thousands of vacancy listings and job searches.

Which fields are most popular?

Indeed found that three of the top five skills which companies look for today are around artificial intelligence, data science and machine learning. So any limited company contractors with software engineering expertise in these areas should have a huge range of opportunities open to them. And if you’re in the IT world already, but not these specialist fields, then now might be the time to think about some extra training.

In terms of growth, data science and machine learning are accelerating at the greatest rate out of the five top skill sets, with increases of 136% and 191% respectively over the last two years. But artificial intelligence (AI) is fast catching up – as large tech companies are investing vast amounts in specialist programmers developing AI platforms such as Apple's Siri, Microsoft's Cortana and Amazon's Echo Dot – otherwise known as Alexa. Meanwhile, Google is also still investing billions in its Android platform, so the possibilities for IT contractors are huge.

Industry developments in the UK

After the Brexit vote, there was some concern about London losing its reputation as a home for technology-led businesses, but this seems to have been unfounded. Recently Deliveroo, Snap, Slack Technologies, Apple, Google and Facebook have all said they plan to expand or set up new offices in London – with Facebook saying it will increase staffing levels by 50% in the UK, which equates to 500 new positions, and Google talking about 3,000 additional headcounts.

Commenting on the new data, Indeed Senior Vice President Raj Mukherjee said, “The software economy is driving significant new employment opportunities in London, and this is showing up in the tech talent shortage, especially where developer and more senior roles are concerned.”

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SJD Accountancy

SJD Accountancy are the UK's largest specialist provider of fixed fee, Limited company accountancy services to contractors; we've been acting for contractors across the UK since 1992 and have more than 15,000 clients.

We are the only national specialist firm of contractor accountants with offices nationwide. SJD Accountancy has more qualified staff than any other firm in our market with qualifications from the following major tax and accountancy bodies - ATT, AAT, CTA, ACCA, CA, ACA and FCCA.

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