LONDON

MARKET OVERVIEW

London

A combination of the global pandemic and Brexit continues to have a profound impact on London's Tech Scene. 

 

London's tech ecosystem centres around Old Street and the aptly named 'Silicon Roundabout' before spreading out across Kings Cross and the West End. A community of highly successful startups and VCs accompanied by tech giants such as Apple, Google and Facebook have all set up shop in the city, making it the standout tech capital of Europe.

However, the Covid-19 pandemic has pushed people to remote working for longer than anyone could have envisioned and the damage caused to the eco-system could be long-lasting still. Coworking spaces which supported many of the entrepreneurial founders of London's brightest scaleups are struggling to stay in business and some such as TechHub have already closed their doors.

In addition, London-based businesses are having to embrace the new challenges and indeed opportunities tied to Brexit. For Tech companies, one of the biggest challenges is attracting great tech talent and being able to maintain access to some of the brightest tech minds around the world.

These are challenging and uncertain times indeed - but as a city so steeped in history, one thing that London has shown us is that it will always find a way to bounce back.

Kevin Board.jpg

Kevin Board

London Director

Talent

Linkedin-button-2.png
 

TALENT INSIGHTS

London

TECH TALENT

188,000 technology professionals, with an average tenure of 1.6 years.

FASTEST HIRING JOBS

Contract: Software Engineer, Full Stack Engineer Perm: DevOps Engineer, Back End Developer

IN-DEMAND SKILLS

Business Analysis, Cloud Computing, Software Development, SQL, Finance

IN-DEMAND BENEFITS

Tech language and Framework, Culture Fit. Career Progression, Flex Time, Remote Working, 

TOP TECH EMPLOYERS

Accenture, IBM, Thompson Reuters, Capgemini, Tata Consultancy

GENDER IDENTITY*

71% Male

29% Female

*The information in this site has been retrieved from sources with gender binary data. We acknowledge those who do not fit within this rigid framework and understand there are many more gender identities beyond the binary.

 

LIVING IN THE CITY

London

London is without a doubt one of the greatest cities in the world. Whatever you need, London will cater for. It's a city steeped in history brought to life by it's diverse, creative, ambitious residents. 

On the flip side, some aspects of living in London are unavoidable. You'll pay a premium for everything from your morning coffee to rental accommodation. In fact, unless your salary is within the top 30% of earners you'll likely be flat-sharing or facing a long busy commute in and out of the city.

If you're working for one of the major financial businesses which make up a huge number of the tech roles in the city, you'll likely be based in and around Canary Wharf, for the remaining digital tech professionals working for creatives or startups you'll have the pick of tech clusters spread across the city.

All prices quoted are in local currency.

Average cost of a coffee

£4.20

Average commute 

55 mins

Average cost of renting a 1 bed in the city 

£2000/month

Average gym membership per month 

£45

 

SALARY DATA

London

Permanent roles are annual salaries and contract rates are daily. All data is in local currency.

Yearning for big city life? Look for opportunities in London here

 

EXPLORE THE DATA

Explore

It's a good time to be working in technology in Australia and New Zealand, with demand high across most sectors. We break down each major city in detail.

02 / ANZ
Explore

Talent’s growing US operation is focused specifically on the life sciences sector in San Francisco, and digital and tech in New York. Explore each city to find out our latest insights from these rapidly growing spaces.

01 / USA
Explore

In a year of great political uncertainty how has the tech market held up? Find out what's happening across four of the UK's biggest tech hubs.

03 / UK
Explore

Germany is a European powerhouse. Explore how the nation's capital is rapidly becoming a mecca for European startups and discover what new tech on the rise in Düsseldorf.

04 / Germany
FIND OUT MORE
SOCIAL
  • Black LinkedIn Icon
  • Black Facebook Icon
  • Black Twitter Icon

© 2019 Talent International