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Tech firms fear revenue dip due to talent shortage

Research by Hired, the online marketplace for tech talent, has found that 65% of UK tech companies foresee a negative impact on revenue due to their inability to hire the talent they need.

Hired’s 2015 Tech Recruitment “Best Practice” Survey found that hiring is the biggest pain point for UK based tech companies, with the time-to-hire and lack of access to top talent directly impacting project development, revenue and productivity, and team morale.

Despite the buzz around the lack of funding being an inhibitor to growth, Hired found that the hiring process is the main pain point for many UK tech companies. Whilst 11% of companies felt fundraising is a pain point, 55% agreed that hiring great candidates is actually the biggest issue.

Hiring  candidates who move your business forward is both time consuming and expensive but also a critical part of building a great business 86% of CEOs, CTOs and senior managers in UK Tech companies’ agreed that long hiring times directly and negatively impacts their business....