A survey by global management consultancy firm Boston Consulting Group has revealed that London has retained the top spot as the world’s leading destination for tech talent with 12% of almost 10,000 respondents stating they would be happy to relocate to the UK’s capital city. Singapore came second in the rankings, scoring 10% of respondents and Amsterdam came in third.
Co-author of the report, Orsolya Kovács-Ondrejkovic, an associate director at BCG commented: “Workers in digital roles emerged from the COVID crisis relatively unscathed and are now entering an overheated talent market with many options.”
Tech workers are some of the most desirable global talent and according to the report as many as 40% of them are actively job hunting, with 75% expecting to switch jobs within the next two to three years.
The report suggests that bumper salaries could be required to attract top digital talent.
Revealing financial compensation as the third most important consideration for job-seeking tech talent, up from fifth place in 2018, Kovács-Ondrejkovic continued: As companies across all industries digitize, salaries for tech talent have skyrocketed to a level where few employers can compete.
“However, our research shows that money isn’t everything—employers can still be attractive to digital talent with the right workplace culture and values,” he added, emphasising the importance of work life balance and solid relationships with colleagues which during the pandemic have emerged as top priorities for digital workers.
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