Despite Brexit, UK startups can compete with Silicon Valley to win tech talent

INSUBCONTINENT EXCLUSIVE:
Mehul Patel is the CEO of Hired , the marketplace that matches tech talent with the world's most innovative companies. Brexit has taken
over discourse in the UK and beyond
In the UK alone, it is mentioned over 500 million times a day, in 92 million conversations — and for good reason
While the UK has yet to leave the EU, the impact of Brexit has already rippled through industries all over the world
The UK’s technology sector is no exception
While innovation endures in the midst of Brexit, data reveals that innovative companies are losing the ability to attract people from all
over the world and are suffering from a substantial talent leak. It is no secret that the UK was already experiencing a talent shortage,
even without the added pressure created by today’s political landscape
Technology is developing rapidly and demand for tech workers continues to outpace supply, creating a fiercely competitive hiring landscape
The shortage of available tech talent has already created adeficit that could cost the UK £141 billion in GDP growth by 2028, stifling
innovation
Now, with Brexit threatening the UK’s cosmopolitan tech landscape — and the economy at large — we may soon see international tech
talent moving elsewhere; in fact, 60% of London businesses think they’ll lose access to tech talent once the UK leaves the EU.So, how can
UK-based companies proactively attract and retain top tech talent to prevent a Brexit brain drain? UK businesses must ensure that their
hiring funnels are a top priority and focus on understanding what matters most to tech talent beyond salary, so that they don’t lose out
to US tech hubs.