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As such, hiring managers across all sectors face stiff competition for skilled tech talent. Hybrid and remote working is a permanent change and organisations that don’t implement policies or allow for flexibility in the future will find their access to talent restricted.
Many EMEA start-ups are now on par with Silicon Valley in areas including Artificial Intelligence (AI), innovation in e-commerce and payments, and continued evolution in mobility. In Europe, the most dynamic sectors at the moment are Fintech, eHealth and Biotech. Companies looking to keep up with the pace need to work on their offer and brand to attract digital talent in a competitive market.
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This means that the skills of tomorrow are changing as well because manual, repetitive tasks are increasingly taken over by software or RPA bots. Innovation and the development of digital products are the key to the strategic development of companies. Thus, there is a heavy demand for tech skills and consulting. The skill shortage, especially in the STEM fields, has been further exacerbated by the pandemic. Hence, there is a need for upskilling and reskilling programmes. Since this development covers all lines of business from HR to production, this brings massive opportunities for talents to thrive.
The pandemic has also sped up the implementation of companies’ strategies on digitalization to capture the increase in consumer’s digital behaviour and spending, leading to a significant increase in demand for Data, Cloud, Software Engineering and Cyber Security professionals. Robotics, Artificial Intelligence, Machine learning and Data analytics are also highly sought after role profiles in Mainland China as China continues to invest heavily in strategic plans like ‘Made in China 2025’ and aims to become a global technology leader.