Increasing Demand for Skilled Developers
The upsurge of new digital businesses and the digitalisation of traditional companies has increased demand for highly skilled developers. Developers and other IT professionals have played a critical role in businesses’ response to the pandemic, which forced organisations to rapidly adopt cloud-based working and operations. Valuable special software development skills and disciplines has accelerated the demand, particular in cloud, e-commerce, and security.
London currently has a monthly average of 15,000 open software development positions. 66% of UK businesses claim that their biggest barrier to growth is the lack of the right IT skills. 43% needs to compromise their hiring requirements because of a poor developer match. And worst of all; salary is a battlefield. In fact, 20,7% is the average raise for a senior software developer changing their job.
When companies have software engineering positions that go unfilled for months, the problem seems obvious; there are not enough local developers looking for a job. However, the reality is more complicated than just a shortage of developers. The problem also lies with the employment method of companies.