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Technology firms more keen to hire staff than any other sector - report

Technology firms more keen to hire staff than any other sector - report

Well above average interest in hiring

The UK technology sector is upbeat about job creation with 78 percent of companies in the industry planning to create new jobs within the next 12 months, according to Barclays research.

The high confidence of technology executives compares with the national figure of 58 percent of executives planning to create more jobs. The Barclays Job Creation Survey of 670 executives at UK businesses of all sizes, has been published as the OECD declares that the UK is in recession, after two successive quarters of lower growth.

The UK technology sector also intends to focus on full-time jobs growth, with 73 percent of new jobs being permanent, as opposed to the national average of 46 percent.

Perhaps not surprisingly, 48 percent of technology companies were more confident about job creation this year than they were in 2011, compared to a national average of 21 percent.

Overall, 82 percent of companies are now expecting to create jobs for skilled workers and mid-level employees. In the technology sector this figure stands at 92 percent.

Only 22 percent of technology companies are interested in employing ex-public sector workers, despite the fact that 38 percent believe these employees would have the right skills. The government was hoping the private sector would hire large numbers of public sector workers being made redundant following national budget cutbacks.

Sean Duffy, head of industry for the technology, media and telecoms team at Barclays, said: "Technology companies are particularly optimistic and upbeat about their prospects for growth and it looks like there are going to be plenty of openings for those in the business."

At the turn of the year, recruitment agencies reported a dip in the overall number of permanent job placements during October, but said the IT sector showed a slight increase in the number of permanent vacancies.

That followed a report from the Higher Education Careers Services Unit (HECSU) which showed that the unemployment rate for IT graduates in the UK had fallen for the first time since the start of the recession.


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