Mar 28th 2012

Barclays Job Creation Survey 2012

78 per cent of technology companies will create new jobs

The UK technology sector is upbeat about job creation with 78 per cent of companies in the industry stating that they plan to create new jobs within the next 12 months, compared to a national figure of 58 per cent according to this year’s Barclays Job Creation Survey of 670 executives at UK businesses of all sizes. In addition, the majority of these newly created technology jobs are expected to be full time (73 per cent), compared to a national average of 46 per cent.

Overall, 82 per cent of companies are now expecting to create jobs for skilled workers and mid-level employees; in the technology sector this figure stands at 92 per cent.  84 per cent of survey respondents in the technology industry also stated that they believed it was fundamentally an increase in sales that led to job creation.

The survey did, however, show a decrease in the number of companies expecting to make new hires at a senior management level, down from 32 per cent in 2011 to 21 per cent this year.  Just 15 per cent of respondents in the technology sector expect to create new jobs at this top level, while 38 per cent expect to offer entry-level positions.  However, only 22 per cent of technology companies are interested in employing ex-public sector workers, despite the fact that 38 per cent believe these employees would have the right skills.

Commenting on these findings, Sean Duffy, Head of Industry, Technology, Media and Telecoms Team at Barclays said: “The technology sector is famously dynamic and our research reflects the fact that the industry is clearly going through a period of rapid growth and development, resulting in new job opportunities at all levels.  Technology companies are particularly optimistic and upbeat about their prospects for growth and it looks like there are going to be plenty of openings for those in the business.”



Other key findings:

–         48 per cent of technology companies were more confident about job creation this year than they were in 2011, compared to a national average of 21 per cent.