{ "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": 2, "pageCount": 32, "prevPage": 1, "nextPage": 3, "slideType": "executive_summary", "function": "summarize", "density": "dense", "nDataPoints": 1, "notes": "The slide includes a navigation bar at the top and page controls at the bottom.", "elementsJson": [ "headline_text", "paragraph" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-5e88-73ef-bd5b-94a0e50d073a/2", "deckHref": "/decks/019dd923-5e88-73ef-bd5b-94a0e50d073a", "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5b-94a0e50d073a.json", "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5b-94a0e50d073a#slide-2", "components": [ { "bbox": null, "kind": "callout", "text": "The Digital Skills Council, a collaborative effort between government and industry to address the digital skills shortage, aims to develop solutions that ensure the UK remains competitive in the global economy.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd952-103f-77d9-80c2-6edac1370b53", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.75, "w": 0.3, "x": 0.67, "y": 0.15 }, "kind": "paragraph", "text": "Unsurprisingly, companies in London are at the epicentre of tech hiring, followed by the South East and the East of England. Companies at the venture stage of evolution are hiring the most employees. Software-as-a-Service (SaaS) businesses are making the most hires within the broader tech sector.\n\nUniversities and industry networks play a crucial role in attracting and retaining talent by nurturing the next generation of tech professionals. Universities are often at the forefront of education in emerging technologies, while industry networks facilitate the exchange of knowledge and foster collaboration.\n\nAI has the potential to transform recruitment for employees and employers. While there is already evidence of technology transforming the recruitment process, recruiters need to be wary of the potential for AI to perpetuate biases. Recruitment processes may need to be altered to accommodate the increasing use of AI, to ensure candidates are fairly tested for their suitability and are not abusing this technology. As the companies and those employed in the UK tech sector navigate these changes, the commitment to training and development, diversity and inclusion, and adapting to emerging technologies will be the key to unlocking the sector's full potential and maintaining its global competitiveness.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a28c1e31-ba8d-43f4-8a31-c2779d5932ad", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.28, "x": 0.04, "y": 0.52 }, "kind": "paragraph", "text": "Talent plays an important role in the success of any business. Hiring individuals with the right skills can allow businesses to realise their potential and execute their vision, but the skills required are constantly evolving.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a7c2da7a-a984-48a7-9f0f-a8f1e5ece2e1", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.75, "w": 0.3, "x": 0.35, "y": 0.15 }, "kind": "paragraph", "text": "The UK tech sector is dynamic and rapidly changing, employing over 3m people. New technologies such as artificial intelligence (AI) are changing the skills that tech companies need, while the shift towards hybrid and flexible working models, accelerated by the COVID-19 pandemic, has broadened the geographical scope for job seekers. This report investigates digital skills and hiring in the tech industry in this context through the analysis of 15k active high-growth UK tech companies.\n\nTechnological developments are leading to skill gaps in the tech industry, with demand outstripping supply on many occasions. This imbalance has led to increased competition among businesses for talent, which has led to a rise in median salary for in-demand skills, such as the programming language Python. The digital skill gap is impacting the UK economy through loss of GDP. The Digital Skills Council, a collaborative effort between government and industry to address the digital skills shortage, aims to develop solutions that ensure the UK remains competitive in the global economy.\n\nDiversity and inclusion have been major issues within the tech sector, at times companies within the industry have failed to hire those from a range of gender, ethnic and socioeconomic backgrounds. Initiatives addressing these issues are becoming increasingly common, a positive sign for the development of the industry.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ae49be62-9139-4402-8589-e4a189e417ee", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.25, "x": 0.04, "y": 0.31 }, "kind": "title", "text": "Executive summary", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "cb51fe2b-38da-4394-a20a-c15c1034f313", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Big Idea Formula", "slug": "big-idea-formula", "agent": "Storyteller", "layer": "block", "matchId": "019dd95a-1a12-718e-89d8-442e940048db", "evidence": "Pull-quote 'Talent plays an important role... skills required are constantly evolving'", "confidence": 65 }, { "name": "SCQA Framework", "slug": "scqa-framework", "agent": "Architect", "layer": "block", "matchId": "019dd95a-1a12-718e-89d8-423902715d1c", "evidence": "Situation -> Complication -> Question/Answer pattern in copy", "confidence": 70 }, { "name": "Concrete Language", "slug": "concrete-language", "agent": "Storyteller", "layer": "slide", "matchId": "019dd95a-1a12-718e-89d8-3d4a1e043e24", "evidence": "Cites '3m people', '15k active high-growth UK tech companies'", "confidence": 80 }, { "name": "Executive summary", "slug": "executive-summary", "agent": null, "layer": "slide", "matchId": "bfe29e03-c826-401a-be93-fde6fa4f9b1d", "evidence": "title/headline: Executive summary", "confidence": 0.9 } ], "frameworks": [], "arcBeats": [ { "to": 4, "from": 1, "beatId": "019dd95a-07a7-7579-bd61-1e77dff4be10", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Situation & Context", "beatSlug": "consultants-gambit-situation-context", "evidence": "Cover, exec summary and intro frame UK tech talent landscape", "position": 1, "confidence": 70, "parentBeatName": "Setup", "parentBeatSlug": "setup" }, { "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": 3, "from": 2, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "019dd95a-08f8-7619-ac2a-4b2eb38c2d71", "evidence": "Exec summary + £63b callout establish stakes of doing nothing", "position": 1, "objective": "Frame the £63b GDP cost of the digital skills gap", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 80, "description": "Quantify what happens if the audience does nothing" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }