How has Covid-19 heightened the demand for tech and digital skills?

Posting date: 16 June 2020

Since the start of the Information Age, the technology industry has grown year-on-year and this trend has only been escalated by Covid-19. The industry is playing a crucial part in the response to coronavirus – helping the healthcare sector track the virus, aiding banks at a time of heightened cyber threats and supporting companies across the globe take their operations online.

 

Before the outbreak, Europe’s technology industry achieved an annual investment of $34.3 billion, with $1.7 billion of that capital being invested in Swiss companies, therefore, ranking Switzerland in the top five. 2020 looks set to be a promising year for this industry as companies in every corner of the globe become increasingly reliant of technology professionals.

 

While we only seem to be in the foothills of Covid-19’s impact on the global workforce there are clear trends emerging and tech and digital skills are proving themselves to be more valuable than ever.

 

 

The healthcare sector

Covid-19 has seen the healthcare and life sciences sector become more dependent on technology. As the spread of the virus continued to pick up pace, companies and governing bodies turned to the one thing that could be shared faster – information.

 

New apps designed to track Covid-19 using the Apple and Google Exposure Notification API swiftly entered the scene with the first release in Switzerland. The SwissCovid app has been trialled on a voluntary basis and gained backing from 70% of users. Swiss developers are now looking to roll out the app to the Swiss army and medical professionals. This presents an opportunity for developers to offer their coding skills to fight against the virus – or pick up the basics of coding - but it also signals we’ll see mobile apps as solutions to future global problems and therefore drive up the demand for user experience (UX) skills and cross-platform development.

 

Meanwhile in the US, technology professionals have been pushing their AI skills to new limits to create innovative data platforms that provide information on the availability of hospital beds.

 

The growing ecommerce industry

Covid-19 has not only heightened the demand for tech and digital skills, it has nurtured our developing technology ecosystems. Ecommerce spending was growing at an unstoppable rate well before coronavirus and since it’s unknown when or if things will return to normal many retailers may choose to take their operations entirely online. This $3,535 billion industry will call for more sophisticated websites and high-level digital infrastructure - a challenge for retailers but an interesting opportunity for web developers, software support specialists and even solution architects.

 

A call for data scientists

In a similar way that ecommerce has taken a larger share of the consumer spending pie, banking institutes have resorted to taking their services online too. This ever-increasing digitalisation is generating more data than ever before and causing a swell in data analytics. Employers were already showing an increased interest in data analytic skills, with data science job postings surging by 256% in the last six years, and this demand shows no signs of slowing down. In response to Covid-19, organisations are going face to face with the increasing digital skills gap and actively fostering a digital culture.

 
The cloud has become more important than ever

For many individuals, the introduction of the cloud was the perfect answer to limited storage space, but for organisations, cloud services have proved an essential piece of the remote working puzzle. Within the tech and digital industry, cloud and infrastructure have asserted their dominance as top skills for employees to list on their CVs.

 

The rising threat to data security

Whilst businesses hail the functionalities of cloud services they must also recognise the added threat that cloud storage poses to their documents and data. Databarracks report in their 2019 Data Health Check that from 2016-2019 the number of data loss cases as a result of cyber attacks had almost increased twofold.

 

Evidently, cybersecurity was already proving to be a rising star in the digital and tech skills sphere but Covid-19 has offered a fast-track ticket to the top. The pandemic is not only bringing new tech and digital skills into the limelight but it’s magnifying the need for larger digital teams, introducing new roles such as Chief Information Security Officer (CISO) and creating a boom in technology recruitment.

 

 

How can Swisslinx help you?

Prior to Covid-19, digital and technology was establishing itself as one of our key developing markets and this surge in recruitment activity is only set to increase. We recognise the importance of keeping pace with technology drivers and trends, and our deep understanding of the industry enables us to identify talent from both local and international markets. Contact us to find out how we can help you during the time of heightened demand for tech and digital skills.

How a recruitment consultancy can add value in a new world

How a recruitment consultancy can add value in a new world The COVID-19 pandemic has completely changed how companies attract, recruit and retain new employees. Businesses around the globe have swiftly embraced remote working. While there are huge benefits of in-person meetings, it’s difficult to ignore that many businesses have thrived working remote. For recruitment consultancies in Switzerland, they’ve had to adapt to a new way of hiring. The recruitment industry has entered a new era defined by flexibility and the increasing use of technology. In a post-COVID world, recruitment consultants will be high in demand for their expertise, but the landscape has changed, paving the way for a range of challenges. So, how can recruiters continue to add value to clients and candidates? Dedicated, relevant expertise One of the major benefits of using a recruitment consultancy is that they provide staffing solutions for businesses across a range of different sectors, and they remain up-to-date with market trends, which includes recruiting during this challenging time. For example, at Swisslinx, we’re able to give our clients an overview of the market, helping them to plan their recruiting and ensure they only hire the best candidates. Right now, it’s all the more important that job specifications are in line with the market. Recruiters can provide consultancy around job specs, offer sector expertise and engage passive talent using platforms like LinkedIn. With businesses receiving a strong push into the world of virtual working, recruiters have been forced to provide their expertise virtually. This means recruitment consultancies, like Swisslinx, have been able to connect with people more efficiently and build strong and lasting relationships. Streamlined process There’s no doubt that COVID-19 has accelerated the rise of technology. With in-person contact limited, businesses will need to become more agile and innovate fast, to thrive in this competitive environment. However, the recruitment process can still be a long and daunting task for many businesses, despite the new tools available. One of the most desirable attributes of a recruitment consultancy is they can streamline the whole process, from CVs and interviews to talent community building. While the lack of in-person meetings with clients and candidates can be a challenge, video interviews can take place anywhere. In the future, there’s likely to be advanced recruitment tools to facilitate virtual meetings, so that all the information can be stored and analysed in one place. Hiring in a new world The current uncertainty around the employment landscape means that businesses will need to adopt a strategic mindset to attract the right type of candidates. One of the ways recruitment consultancies can add value in this area is by helping companies make their hiring much more targeted. Recruiting in a particular niche area has become essential in recent years, but with more candidates on the market, it’s much harder to find suitable candidates. At Swisslinx, we focus on recruitment markets such as financial services, technology, science and engineering across many sectors, which enables us to provide tailored solutions to our clients. There’s no doubt the future of recruitment will be more personalised and holistic and tailored to the specific needs of clients. Let Swisslinx help your business The pandemic has had a huge impact on the recruitment sector. At Swisslinx, we’ve always had a strong value proposition and an excellent track record of building excellent relationships with clients and candidates. As we progress through the year, our consultants will remain on hand to provide companies in Switzerland with the best recruitment expertise. Our team have years of experience in recruiting the most in-demand companies and we always take the time to understand the needs of every business. Contact us today if you need help finding the top candidates and take a further look at our insights page for more engaging articles.

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A breakdown of the most in-demand skills for finance professionals

It’s no secret that financial services can be a demanding career path. It’s a broad industry with a range of different specialisms, including planning, advising and asset management. A successful career in finance requires discipline, education and well-developed skills. With so much variety, it’s important to scrutinise which career path matches your skill set. Finance professionals need to prepare themselves for the future and always look to upskill at every opportunity to stay relevant in a competitive job market. If you’re committed to a career in finance, here are the skills you need to master.   Analysis Finance professionals must have excellent analytical skills. Regardless of the role, employers will always be looking for evidence of analytical ability in different applications. Finance analysts need to be able to understand large volumes of data and find a solution to various problems, such as finding out the ideal equity investment. To solve such problems, finance professionals need to be able to analyse reports, relevant data points and pricing information. Then there’s also the interpersonal skills needed to communicate this information with finance managers to ensure decisions can be made. The ability to communicate findings effectively is the key to success as a finance professional.   Data management Data has become increasingly important for businesses when it comes to improving forecasts, making strategic decisions, and reducing costs. A lack of sufficient data management can lead to data quality problems and inconsistent findings that can affect a business’ bottom line. Therefore, finance professionals who understand how to utilise and manage data remain high in-demand. As finance teams evolve, they need to be able to adapt and be confident using cloud-based software to manage data. With many financial institutions moving away from traditional spreadsheets, professionals looking to grow their career must understand the benefits of streamlined data management. Data in the cloud saves time and provides companies with much more agility. The growth of digital technology in the financial sector means that the next generation of finance professionals must be more data-driven than ever before.   Critical-thinking It's important that finance professionals possess critical-thinking skills. In the volatile finance world, companies need to continue making big investments to remain competitive. As a result, professionals who are able to think critically will be an asset. Critical thinking skills are highly desired at any company, as they can be applied to any situation that calls for analysis and planning. In finance, the ability to evaluate facts and information to form a judgement has become crucial, especially with the rise of emerging trends like big data, AI, and blockchain, all of which have transformed procedures. Finance professionals that master critical thinking are able to find solutions and manage different challenges much more efficiently.   Technical accounting <!--[if !supportLineBreakNewLine]--> <!--[endif]--> Throughout the course of a working day, finance professionals will use a range of technical skills, such as preparing statements and recording transactions. These day-to-day tasks are very important for business operations, so professionals must have a strong understanding of all the different phases of accounting. And since the cross-border finance market is in a strong position in Switzerland, the demand for technical accounting skills is only going to grow in the future. Talented accountants who are proficient in verifying balances and analysing cash flows will be highly sought after.   Are you looking to grow your finance career? The world of finance is always changing, so professionals within this industry must keep developing their skills. At Swisslinx, we have an experienced team of consultants who have the knowledge to meet the demands of our clients. We recruit for roles at all levels within investment banking, asset management and wealth management. We’re well-positioned to deliver a strategic recruitment service to companies in the finance sector and we’re dedicated to helping our candidates grow their careers. If you’re looking to secure your next role in finance, contact us today or take a look at our job page for more information.  

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