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News : Innovation Last Updated: Oct 21, 2013 - 9:26 AM

UK tech employment at 3.6% of total workforce
By Finfacts Team
Oct 21, 2013 - 8:13 AM

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Jobs in UK tech companies rose from 915,000 out of a total workforce of 27m in 2010 to over 1m from 28m in 2013 - - 3.6% of the current workforce, according to a report from Markit, the research firm, produced for KPMG, the Big 4 accounting firm.

The Financial Times, which got a pre-launch copy of the new report Tech Monitor UK, says jobs in the tech sector climbed 4.3% year on year in the first half of 2013 compared with 0.9% jobs growth for the private sector as a whole.

Jobs in the tech sector can range from call centre support, sales and general administration to sophisticated technology research.

Markit produces PMI (purchasing manager's index) data and the figures for the tech report come from 150 tech companies within Markit’s regular survey panel of more than 1,000. The businesses operate in the IT sector, tech testing, communications or are manufacturers of tech equipment. Markit plans to publish quarterly PMI figures for the tech sector.

A note of caution is that employment data based on surveys maybe in ballpark ranges as busy people may not check actual numbers.

Last July, in a KPMG Global Technology Innovation survey [pdf] of 811 leaders from technology industry startups, midsize to large enterprises, venture capital firms and angel investors from senior managers in 12 countries,  1% cited the UK as a future launch pad for disruptive technology breakthrough, tied with Russia at number 9 and led by the US, named by 37% of survey respondents.

Some 24% of the sample base named China, while 10% chose India, followed by Korea (7%), Japan (6%) and Israel (6%).

Some 60% of those polled in China picked their own market as first. Likewise, 60% in the U.S. selected their homeland. Many chose their home country except for Japan, which selected the US as the most promising.

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