Technology Firms in London Create
"Borderless" jobs on the rise as remote work technology improves and completion for talent intensifies.
05:29 19 November 2021
London-based tech firms are forced to create "borderless teams" due to severe skill shortages. Many of these firms are recruiting internationally as competition for talent intensifies and remote work technology improves.
A report released by Standard says that the creation of "borderless jobs and teams" could provide an easy solution for many London-based companies.
Alistair Cox, who has headed up the FTSE 250 firm since 2007, said: “Remote working is here to stay and it will likely accelerate as businesses become more comfortable hiring people from further afield and their structures and technology allow it.
"There are potential barriers to this [borderless hiring] that organisations will need to overcome, such as cyber security, embedding their culture remotely, and ensuring they comply with local labour laws. But if these can be navigated, then the potential for accessing talent pools that encompass the globe is huge.”
Isabel Fernandez Mateo, Professor of Strategy & Entrepreneurship at The London Business School, said: "Due to the rise of innovative team working technologies, we've seen a rise of companies recruiting globally - proving that talent can truly be found anywhere."
Wagestream people director Kelly Barnett said the startup is benefitting from the trend.
“The pandemic has accelerated an underlying trend of prioritising ‘find the best talent’ over ‘find the best talent near us’ as a strategy for companies which can sustainably support a distributed team," she said.