Slow Business growth, Huge rise in IT staffing.

The technology sector job growth has hit an all time high for Q1 2015 and is stronger compared to that of the UK as a whole and increased to almost a quarter since 2010. The technology sector employment PMI has risen from 55.3 from 2014 to 57.8 by the Q1 2015 as KPMG addresses this towards companies taking on extra staff due to planned expansion and “new product launches and forecasts of stronger client demand”. This increase in employment comes during a time of slow business growth in the technology sector “partly linked to delays with clients’ decision making ahead of the general election”.     As the KPMG reported, the technology sector has been a crucial driving force across the UK in the private sector for job creation and this sector is outperforming the employment growth of the UK as a whole since 2007/08, during the beginning of the recession with an estimate of 1 million jobs in the technology sector. This trend is expected to continue with “the IMF forecasting a 2.7% expansion of GDP this year, up from 2.6% in 2014”.

Source: KPMG.co.uk/ Tech Monitor

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