London is the Silicon Valley of Europe, but ‘can not afford to sit on its tech laurels’

London is the Silicon Valley of Europe, but ‘can not afford to sit on its tech laurels’


Monday, May 30, 2022 at 11:55 AM

“London can’t afford laurels,” warned Gabriel Pizzolante, co-founder of Ironhack.

Forbes recently announced London as the Silicon Valley of Europe, as the capital proved to be “Brexit-proof” with around 18,500 new companies registered in 2021 alone.

Although many companies have embraced hybrid work, London is still a place where giants like Google, with their King’s Cross ‘landscape’, meet newer companies like the fintech boomer Revolut, as well as smaller startups. and related companies and agencies.

In addition, venture capitalists are willing to put their money and equipment there, with large amounts of fresh cash coming in.

However, there is a problem. And not a little one. The city is facing pressure from talent.

The number of vacancies has been aggravated (or increased, depending on how you look at it) by The Great Resignation and there is a real shortage of people with the right technological skills.

“London can’t afford to sit on its laurels,” warned Gabriel Pizzolante, co-founder of Ironhack. “If the city is to make the most of this boom, it must equip its workers with the digital and technical skills needed to do the job.”

said Pizzolante City AM that “the vibrant city must attract great people from other countries, as well as develop the talent of their home. And despite the “For Sale” board groups all over the capital, it’s still a place where people want to live and work, even if companies can’t fill their technology vacancies fast enough. “

Investment in technology and infrastructure is growing, so now is the time to do the same with people, he argued.

“With a rich and diverse culture and great networking opportunities, London is the perfect place to work and train in technology. So where will these new recruits come from and how will they get the training they need to do justice to the industry? growth and bustle?

Resigned

As the headlines shouting about “The Great Resignation” begin to cool, the consequences are real. What is the next step for those who have resigned?

“A lot of people want to adopt distance work, hiring, or make the leap to self-employment and consulting,” Pizzolante said. It’s about getting the lifestyle they want, using the skills they already have. ”

Job seekers need to look at their transferable skills and take advantage of opportunities to retrain. A technology career may not have existed in the same way as it did now when people entered the job market ten or 20 years ago, but that does not mean it is out of reach, he stressed.

“Teachers who have perfected their problem-solving skills, especially over the past two years, have the potential to become web developers, while those in struggling creative industries, such as photographers and designers, could dedicate his talent in UX / UI “, Pizzolante. pointed out.

Old Street is the heart of London’s tech scene

Team players

London has a thriving technology community and being part of it means being part of a bigger team.

“Support is always available and the opportunity to move forward is often presented with many networking opportunities,” Pizzolante said.

“While college graduates should start at the bottom of the ladder, new beginners equipped with the technological skills that jobs need today are already on a higher step.”

Gabriel Pizzolante, co-founder of Ironhack

“Distance learning courses for demanding skills such as web development and data analysis now have integrated hands-on and networking projects, making graduates employable by the time they leave, and have already made the connections that they need to find their first job. “

Workers feeling the pinch

The cost of living crisis is here and the demand for higher wages is growing. Job security is very important, whether it’s through consistent remote work, a hybrid model, or a return to the office.

“It doesn’t matter which of these options works because in London wages are still higher than in other parts of the UK,” Pizzolante said.

A recent ONS survey found that employee growth in London is still higher than in the rest of the UK, and that average wages in the capital still exceeded regions. The London borough of Wandsworth earned £ 3,192 compared to £ 1,737 in Leicester.

And when it comes to job security, careers such as data analytics are seeing a growing demand for employees with the right skills.

In fact, London, more than ever, is the place to be if you want a big name on your resume, Pizzolante continued.

“Not only Google and Apple are growing their base in the city, but fast-growing fintech unicorns like Marshmallow, a family-run company that aims to revolutionize car insurance.”

“Buildings, company cultures and diverse population lead to a vibrant combination of job opportunities, from family names to tech beginners to the good,” he said.

Career returns

Finally, UK companies face a technology skills gap, and this is fueled by a gender gap. Only 20 percent of girls chose computer science at the GCSE level in 2020, a proportion that continues into college.

“But with the rise of distance learning, more women can choose to learn key skills at the time and pace that suits them,” Pizzolante noted.

“While women with children have taken on most of the domestic work during the pandemic, many are looking to return to work now that the situation is more stable and having the most up-to-date skills allows them to get a better paid job.” even if it is a world far from what they could have left in 2019 “, he concluded.



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