7.3

Spotting patterns in the flow of talent between tech & traditional industry

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Professional and financial services are the most important source sectors of tech industry talent, but there are material numbers coming from sectors such as retail and auto

Top 10 source sectors for inbound tech talent ("joiners") by industry

For additional context, it is worth analysing a similar dataset covering tech talent movement in 2016 provided by LinkedIn for last year's State of European Tech

Top 10 source sectors for inbound tech talent ("joiners") by industry in 2016

If you look at Europe, you have a combination of world class universities and world class companies historically building world class products, be that supplying to the US or elsewhere. What we as entrepreneurs and young startups are now benefiting from is that knowledge and those people who have worked in those industries - they’re coming on board and building the next generation of technologies.

Remo Gerber

  • Lilium Aviation

The auto sector is attracting a meaningful share of talent from the European tech industry, although companies in professional and financial services are the biggest destination for outbound tech talent

Top destination sectors for outbound tech talent ("leavers") by industry

For additional context, it is worth analysing a similar dataset covering tech talent movement in 2016 provided by LinkedIn for last year's State of European Tech

Top 10 destination sectors for outbound tech talent ("leavers") by industry in 2016

For a lot of corporates it’s a big challenge to attract talent that is very strong in tech, that has an innovation, growth mindset. I think it’s an ongoing issue for corporates - for us it is a big priority. I think a lot of the answer is in culture, and orchestrating the kind of processes to give these types of candidates the ability to have impact, and to minimise the traffic and frustrations, obstacles and processes that are associated with big corporates. If you look at my team, my background is in startups, most of my team were in startups - so corporates are starting to attract this kind of talent.

Benjamin Lickfett

  • Diageo

Given the size of the auto sector in France and Germany, it's not surprising to see that there is a higher share of talent joining the tech industry from auto companies in those two countries

Top 10 source sectors for inbound tech talent ("joiners") by industry and country

I am really optimistic because we are running out of sectors to digitise and the market is getting very crowded which requires more niche expertise. This sort of niche expertise within specific verticals, such as industrial or logistics, is what we can grow out of Europe and build strong global players.

Dr. Jeannette Fürstenberg

  • La Famiglia

But migration flow of talent between the tech and auto industry is a two-way flow. In France and Germany more than one in ten people leaving the tech industry are taking up positions at auto companies

Top destination sectors for outbound tech talent ("leavers") by industry and country