Talented professionals in the hi-tech sector should consider the benefits and potential career development opportunities of working for a smaller business rather than a multinational, according to Intelligent Environments.
The UK-based digital banking specialist was responding to the recent prediction by Oxford Economics of a significant increase in digital technology roles over the coming years. Last month the global advisory firm forecast that London alone would create an additional 46,000 jobs in the tech sector by 2024, with the burgeoning industry set to average annual growth of 5.1% over the coming decade.
This growth is expected to pump an extra £12bn into the UK economy. According to the firm, small and medium-sized enterprises (SMEs) will likely be fuelling this increase with almost a third of Britain’s smaller business intending to recruit new staff this year.
Intelligent Environments, which is itself seeking to hire various tech developers to maintain recent international expansion, said that the benefits of working for a technology small to medium-sized enterprise (SME) include more responsibility, greater involvement in end-to-end project development and the opportunity to work on game-changing technology.
“Smaller organisations are agile, exciting and often faster moving than the larger technology companies,” said David Webber, managing director at Intelligent Environments. “For example, developers in small firms can pitch ideas and see them deployed within a matter of days.
“Our employees work on game-changing developments. For example, last year we created the world’s first smartwatch banking application. We also regularly hold Innovation Lab sessions where our development teams brainstorm and create software for the latest systems.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.