{
  "docId": "019dd923-5e88-73ef-bd5b-94a0e50d073a",
  "docSlug": "b6940af2b5583cda",
  "documentTitle": "unlocking the uk s tech talent potential",
  "authorId": "Barclays",
  "authorName": "Barclays Eagle Labs",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 15,
  "pageCount": 32,
  "prevPage": 14,
  "nextPage": 16,
  "slideType": "industry_trends",
  "function": "summarize",
  "density": "overcrowded",
  "nDataPoints": 3,
  "notes": "The slide is part of a larger report, indicated by the navigation bar at the top and page number at the bottom.",
  "elementsJson": [
    "paragraph",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5b-94a0e50d073a/15",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5b-94a0e50d073a",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5b-94a0e50d073a.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5b-94a0e50d073a#slide-15",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "In the technology sector, compensation and benefits are highly competitive factors when aiming to attract and retain exceptional talent.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-103f-77d9-80c4-03b0af7f585a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "median wage: £42,758",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-103f-77d9-80c4-061d8c228082",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.29,
        "x": 0.67,
        "y": 0.145
      },
      "kind": "paragraph",
      "text": "Flexible work arrangements have become increasingly common, with an increasing number of companies offering remote work opportunities and flexible scheduling options. This shift in working approach reflects a growing emphasis on prioritising work-life balance and accommodating a variety of working styles and personal needs. The adoption of these flexible practices acknowledges that productivity and job satisfaction can be enhanced when employees have greater control over their working environment and hours. Such arrangements cater to a more diverse workforce, including working parents or those living in distant locations. By offering the ability to work from anywhere—and at times that suit individual schedules—tech companies are not only expanding their talent pool but are also promoting a culture of trust and autonomy. Furthermore, it allows companies to reduce overhead costs associated with maintaining large office spaces while simultaneously contributing to environmental sustainability, by reducing commuting.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "be8b5eca-deaa-4891-8ac0-5073653878e9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.29,
        "x": 0.355,
        "y": 0.145
      },
      "kind": "paragraph",
      "text": "Benefits in the tech sector extend beyond financial compensation, with many companies offering health insurance, mental health support and generous holiday allowances. Recognising the critical role of mental and physical well-being in a productive workforce, approximately 80% of job seekers prioritise mental health benefits. Consequently, numerous tech companies incorporate initiatives like therapy and counselling services alongside gym membership discounts. Professional development opportunities are becoming increasingly integral to compensation packages. With 65.0% of UK employees considering the absence of personal development as a motive for job change, the significance of these opportunities is evident. Tech companies frequently invest in their workforce by offering training programmes, access to educational courses, and tuition reimbursement for further qualifications.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d0ece293-f366-4723-8b4d-f6175da944f9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.29,
        "x": 0.038,
        "y": 0.305
      },
      "kind": "paragraph",
      "text": "In the technology sector, compensation and benefits are highly competitive factors when aiming to attract and retain exceptional talent. Compared to other industries, salaries in tech are significantly higher than the national average. The median wage for technology professionals in England is estimated at £42,758, which is 55.0% higher than the national average. This variance in pay is influenced by factors such as role, experience, and geographical location. Particularly in major technology hubs like London, higher salaries are common.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e3621828-4b7b-451f-bc74-39b4cdb629ad",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.29,
        "x": 0.355,
        "y": 0.46
      },
      "kind": "paragraph",
      "text": "Equity or stock options are commonly provided in both startups and large technology companies, serving as a significant component of employee compensation packages. These options offer employees an opportunity to own a portion of the company, thereby not only presenting a financial incentive but also cultivating a sense of belonging and personal investment in the company's future and growth trajectory. One specific form of equity compensation is the enterprise management incentive (EMI) scheme, which is particularly prevalent in the UK. EMI schemes are designed to help smaller, high-growth companies attract and retain talented staff by offering tax-efficient stock options. Under an EMI, employees can purchase company shares at a fixed price, usually set at the time the option is granted, which can be significantly lower than the market value at the time of purchase. This setup can be lucrative for employees if the company's value increases over time.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ea077ce7-c6ee-45c3-a289-a91063778961",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.25,
        "x": 0.67,
        "y": 0.86
      },
      "kind": "source-note",
      "text": "11 State of the Tech Workforce UK 2023.\" CompTIA, 2023\n12, 13 Employer News. \"The Top Five Employee Benefits for 2023/2024\"",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "01b69e08-4579-439b-9ec0-60b86922e000",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.075,
        "w": 0.265,
        "x": 0.038,
        "y": 0.145
      },
      "kind": "title",
      "text": "Compensation and benefits",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6c1596c5-9f36-41d9-98d9-55124130f050",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Concrete Language",
      "slug": "concrete-language",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "019dd95a-1a12-718e-89d8-af88a30bf485",
      "evidence": "Anchor figure £42,758 median tech salary",
      "confidence": 85
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 22,
      "from": 11,
      "beatId": "019dd95a-07a7-7579-bd61-26a4783d9572",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Solution & Approach",
      "beatSlug": "consultants-gambit-solution-approach",
      "evidence": "Attracting + Developing/retaining sections prescribe employer actions",
      "position": 3,
      "confidence": 70,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    },
    {
      "to": 25,
      "from": 2,
      "beatId": "019dd95a-07a7-7579-bd61-3357a8ee102b",
      "arcName": "The Triple Take",
      "arcSlug": "triple-take",
      "beatName": "The Facts (What)",
      "beatSlug": "triple-take-the-facts-what",
      "evidence": "Data-heavy sections on hiring, attracting, developing",
      "position": 1,
      "confidence": 60,
      "parentBeatName": "Setup",
      "parentBeatSlug": "setup"
    }
  ],
  "loops": [
    {
      "to": 16,
      "from": 13,
      "name": "Build Up",
      "slug": "33-build-up",
      "bestFor": "Pricing justification, cost estimation, market sizing",
      "matchId": "019dd95a-08f8-7619-ac2a-5296da12558c",
      "evidence": "Demand, exec roles, compensation, wellbeing case stacked as components",
      "position": 3,
      "objective": "Layer attractiveness factors employers must offer",
      "structure": "The Base -> Add Component A -> Add Component B -> Add Component C -> The Total",
      "confidence": 60,
      "description": "Start from zero and add components to arrive at a total"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}