top tech stats (2)

Welcome to your round up of some of the past week’s most interesting surveys, statistics and reports relevant to those involved in the UK tech industry.

This week we bring you stats relating to UK tech workers’ dissatisfaction, post-Brexit growth, pay inequality and much more.

Job dissatisfaction

Only 35% of UK tech workers believe they have landed their dream job, compared to a global average of 44%.

That’s according to Hired’s ‘Dream Jobs’ report, which also found that over half (58%) of UK tech workers believe it would be possible to get their dream job.

Somewhat depressingly, though, the same report says UK tech workers are twice as likely to hate their job when compared to those in the US and Australia.

Additionally, almost half (41%) of those surveyed said they were looking for their next job.

Just under a quarter (24%) of UK workers don’t believe their work matters: significantly greater than 15% of US and 17% of tech workers who don’t believe their work matters

Finally, the report found over a third (38%) don’t believe their work is utilising their greatest strengths: compared to 30% in the US and 27% in Australia.

AI sentiment

A recent survey carried out by Jobsite showed 54% of participants believe their jobs will be enhanced by automation.

Only 33% of the 4,000 people surveyed said they thought their jobs would be at risk as a result of increased automation.

Some 63% of respodents, the survey found, believe AI could enhance their work by allowing them to perform task faster and enabling them to focus on more meaningful work (55%).

Of the tasks expected to be assisted by automation, customer billing (52%), cybersecurity (49%) and administration (46%) came out on top.

Whilst some surveyed showed concern for negative implications such as their skills becoming obsolete (37%), two thirds of respondents were already taking practical steps to pursue education in this area to improve their prospects.

Pay inequality

New research conducted by CV-Library has found that almost one in five (18.4%) of IT workers have been affected by the gender pay gap.

Some 71.4% of those surveyed said they had been paid less because of their gender.

The study, which surveyed 1000 UK workers, found that despite there being concerns about ceasing pay inequality, 75% of workers in the city believed their employer could effectively measure any gaps in their organisation.

When asked what else could be done to prevent any further disconnect, employees across the industry cited the following:

  • Set salaries for each industry/role (51.9%)
  • More support for working mums and dads (37%)
  • Ending the stigma around women going on maternity leave (11.1%)

Post-Brexit growth

Some 65% of small and medium-sized tech and telecom firms plan to grow dramatically or moderately over the next two years, according to a new report launched by Albion Ventures.

According to the report, only 7% think they will shrink or wind down.

Based on interviews with more than 1,000 SMEs including 150 tech and telco firms, the fourth Albion Growth report found that with nearly half (48%) of tech entrepreneurs planning to grow their headcount over the next two years, finding skilled staff has emerged as the biggest challenge they face (48%).

This was followed by accessing new markets (31%) participating in public procurement processes, leaving the EU, and broader political uncertainty (30%)

The report shows that anti-Brexit sentiment is stronger among tech business leaders than other SME sectors; half (49%) of tech entrepreneurs think that Brexit will hinder their ability to enter new markets compared to an all-sector average figure of 41%.

However, over a third (36%) of tech CEOs are optimistic about Brexit and expect it to help their chances of winning new business.

More than three quarters (76%) of small and medium-sized tech firms would consider investment from venture capital, private equity firms or business angels, the highest of any SME business sector recorded.

Almost four in ten (37%) of tech entrepreneurs said they would deploy equity finance to develop their business and a quarter (23%) to invest in new products and services and recruit new staff.

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