The impact of Brexit is causing the most concern for IT professionals according to a new report by CWJobs.
CWJobs Confidence Index revealed that despite 89% of tech professionals having a positive outlook, over a third (38%) list the political landscape as their biggest concern for the industry.
Tech professionals believe the UK is currently in a strong position due to the skill set the industry has to hand (35%), the technology being produced (34%), and the UK’s status of an IT leader (29%).
Dominic Harvey, Director at CWJobs, said: “The UK’s tech workforce is clearly in a good place, with confidence high in the skills it has at its disposal and the technology it’s producing.
“However, that confidence is at risk from external factors, be that political or economic.
“While some things are out of the industry’s control, losing talent isn’t. This should act as a wake-up call for businesses to make themselves an attractive proposition that retains talent and keeps them competitive in the future.”
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Tech professionals also predict AI will become vital in the future according to the study with 42% believing it will be needed to succeed, just behind cyber security (44%).
The public sector could be in danger of losing talent, with more than four in five (83%) revealing they would consider leaving to join the private sector in the next five years.
Financial incentives are the biggest reason to switch sides, with over a third (36%) saying they would join a private company for more money, ahead of stability (16%) and more available roles (13%).
Harvey continued: “Tech professionals are clearly ready to embrace cyber security and AI, dispelling the big job fears usually associated with the latter technology.
“For businesses, in order to remain competitive in the future, they need to be investing in the technology and training that will aid these skills moving forward.
“For the public sector, this is a warning to up its game and make roles more appealing or risk losing a stream of talent to the private sector.”