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posted by Fnord666 on Saturday November 18 2017, @07:57PM   Printer-friendly
from the not-a-bo-staff-battle dept.

Some of the fastest growing financial technology firms in Wales are at risk of being held back by skills shortages, a leading specialist lawyer has warned.

Cerian Jones said so-called fintech companies have told her they are "chasing fish in the same small pool".

She said those firms not actually trying to fill a recruitment gap "are trying to retain staff so they don't go elsewhere".

Cardiff is facing competition from London and Bristol among other cities.

Ms Jones, a patents attorney and partner at UDL in Cardiff, said: "When I talk to software companies about what their biggest challenge is, nine times out of 10 it's recruitment.

"These are very skilled positions, needing skilled graduates with the right coding and development skills."

She said there was a lure of working in London and firms in south Wales were having to be creative in trying to entice people "in a candidates' market".

Some were finding it difficult, even when offering £60,000 salaries.

There you have it. You can code to make banks richer. In Cardiff.


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  • (Score: 0, Flamebait) by Anonymous Coward on Sunday November 19 2017, @04:42PM (1 child)

    by Anonymous Coward on Sunday November 19 2017, @04:42PM (#598954)

    60000 pounds is equivalent to about $80000. Not bad, but still not high.

    Says someone who has never been to London. 60k pounds is nothing, everything there is expensive. And remember they say it's for "very skilled positions", so even if London was cheap that salary doesn't cut it. Add bad weather, pakis, etc and no wonder they can't find suckers.

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  • (Score: 3, Informative) by TheRaven on Sunday November 19 2017, @09:04PM

    by TheRaven (270) on Sunday November 19 2017, @09:04PM (#599036) Journal
    The jobs are in Cardiff, where the cost of living is quite a bit lower than London. That said, they're talking about £60K in Cardiff versus £150+K in London for similar positions, so even when you factor in the difference in cost of living and tax, it's hard for the Cardiff salary to compete. That said, Cardiff is not a bad place to live (weather aside), whereas there is not enough money in the world to make me want to live in London (and a few fintech companies have tried pretty hard to persuade me to).
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