9 out of 10 tech start-ups hiring nationwide

But firms report difficulty in finding skilled recruits

Tech start-ups in the UK and USA are enjoying a boom in growth, with 87% looking to hire new employees in 2013, according to a new report. The Startup Outlook Report, a survey of technology start-ups conducted by commercial bank Silicon Valley Bank, found that software start-ups were especially likely to hire in the next year, with 90% reporting they were on the hunt for employees. Despite these figures, companies reported experiencing difficulty in finding employees with the right skills. 77% of those surveyed in the UK said that they were looking for employees with STEM (science, technology, engineering, maths) skills – but 69% of firms reported trouble finding recruits with qualifications in this area. Silicon Valley Bank urged governments to invest in the sector to improve this disparity between skills and demand. Chief executive Greg Becker said: “Tech companies are a bright spot in the economy worldwide, which is evident from the significant number of startups in the US and the UK that expect to grow and hire this year. “There is a lot of opportunity to put people to work at start-ups, which is particularly welcome news since jobs in general are recovering slowly. Investments in STEM education and policies that support tech businesses will help people take advantage of jobs, and benefit economic growth overall.”

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