An in depth new examine into the EMEA area’s tech and IT expertise market from Hays, the world’s main specialist in workforce options and recruitment, has found a possible impending mass exodus of tech expertise from Europe.
Europe has turn out to be a key supply of IT expertise for firms with presence within the UAE and Saudi Arabia, notably knowledge, infrastructure, and cybersecurity specialists from Eastern and Southern Europe. Hays new examine and report The Tech Talent Explorer, the results of surveying 5000+ IT specialists throughout 20 EMEA nations, exhibits that an enormous variety of European IT specialists wish to depart their present jobs earlier than the tip of the yr. The report additionally particulars the the reason why they wish to depart, and methods during which Middle Eastern firms can attract these professionals to make the transfer to the Middle East.
Key findings from the report:
- 34% of all European tech professionals to go away their jobs this yr, the 5 primary causes being ‘Salary too low’, ‘Lack of development opportunities’, ‘Lack of career progression to date’, ‘Lack of long-term opportunities’, and ‘Role is not challenging enough’.
- Data & Analytics professionals the most definitely to go away their jobs this yr (36%), adopted by Software Development professionals (34%). The least probably group is Cloud Computing specialists (28%).
- 22% of tech specialists within the Middle East predict a wage improve of 20% or extra this yr. Less than 10% of tech specialists in Europe predict such a rise.
- For a Network Engineer, the typical wage throughout the Middle East is 74,900EU. In Czechia that is simply 31,000EU and in Spain that is simply 33,000EU.
- For a Data Engineer, the typical wage throughout the Middle East is 90,000EU. In Italy that is simply 45,750EU and in Portugal simply 48,000EU.
- For a Security Engineer, the typical wage within the GCC (exc. KSA) is 105,000EU and within the KSA it’s 90,000EU. In Hungary that is simply 39,000EU and in Spain 44,200EU.
- For a DevOps Engineer (Cloud Infrastructure), the typical wage is 90,000EU within the KSA itself and 100,500EU within the GCC excluding KSA. In Hungary the typical wage is simply 45,000EU, and in Italy 47,000EU.
- For a Software Architect, the typical wage within the KSA itself is 105,000EU and within the GCC (exc. KSA) its 120,000EU. In Czech that is simply 62,500EU, and in Italy and France it’s simply 64,000EU.
- Across the entire of EMEA, the highest firm attraction elements for tech professionals are ‘Good work atmosphere’, ‘Remote work’, and ‘Challenging roles or projects.’
- 56% of Tech Professionals within the Middle East are utilizing AI, greater than in any European nation. AI is a key space that tech specialists wish to develop – 82% of all EMEA tech professionals need AI coaching.
Commenting on the information, Eamonn Hart, Senior Manager – Technology at Hays Middle East, mentioned:
“This new data offers lots of encouragement for companies in the Middle East looking for tech talent and shows that the second half of 2024 will be a key time for hiring from Europe as so many professionals will be open to new opportunities. It is well known that salaries tend to be higher in the UAE and KSA, which is obviously an attraction for tech specialists in lower-paying European countries, but this report offers new insights as to other ways that Middle Eastern companies can attract this talent, for example by highlighting AI initiatives and progression plans.”