Now Brexit hampers UK fintech hiring
Brexit is making it more difficult for UK financial organisations to recruit technology talent. Since the Brexit referendum vote there has been a substantial decline in the number of graduates coming to the UK, particularly from France and Germany, according to a new report, Fuelling Fintech: Attracting the UK’s future tech talent into financial services, from TheCityUK, Odgers Berndtson Banco Santander.
And, according to the recent LinkedIn Workforce report, which surveyed 600 hiring and recruitment managers in the UK, up to one-fifth of graduates with the requisite tech skills in the sector come from the EU 27.
Miles Celic, COO of TheCityUK, points out that financial services firms have for a long time relied on a steady stream of graduates from leading UK and European universities. Now, many sectors are searching the same talent pool, and the challenge for financial services “is to ensure they are catching and keeping the best tech talent, and enough of it to ensure the sector thrives into the future.”
Among other initiatives, the report calls on UK universities to up the technology-related content in non-technology courses to increase the numeracy and tech literacy of students across a whole range of courses. “A leading example is how Imperial College London has modularised significant amounts of undergraduate content, including on coding, data analytics and AI, to enable easier incorporation in other courses.”