These are the best UK tech companies to work for this year
There's more to a company than just its valuation when figuring out what it's like to work there, writes Jobbio's Aoibhinn McBride.
While VC investment, valuations and profitability are typically used to determine how good or bad a company is on paper, an organisation’s ability to not only attract top talent but retain them is a good barometer when evaluating what it’s really like to work there.
And according to a recent study which looks into why certain companies are winning top tech talent in the UK, adopting a hiring process that focuses on equity, efficiency and transparency is proving to be the most effective at nabbing the best in the business.
Implementing real change
The benefits of having an equitable or diverse hiring policy are manifold: not only does hiring a more diverse workforce with different levels of education and experience help with internal innovation, it also allows companies to tap into and understand a wider customer or user base.
Many companies allude to a robust diversity, equity and inclusion (DE&I) policy via embracing the Pride flag during the month of June each year or hosting events for International Women’s Day every March.
But a separate study by data and market research company Savanta found that only three in 10 businesses in the UK have undertaken some form of diversity and inclusion action in the workplace, either by offering training to all staff or through establishing a formal D&I policy.
Efficiency relates to how seamless a company’s hiring process is. For example, how coherently a candidate moves through the interview funnel or how smooth an onboarding process is—remote or otherwise—is critical.
In fact, new hires who are successfully onboarded have been found to be18 times more committed to their employer and82 per cent more likely to stay in their current role. This is especially true among Gen Z workers and those who are in more junior positions.
Transparency is listed as the third component in the successful recruitment process trifecta.
From disclosing company benefits on a job description, to effectively communicating salary bands so that candidates have access to pay ranges for specific roles before progressing to an interview, giving as much information as feasible is an important element in attracting talent.
So, who is doing all of the above and then some in order to secure new hires and even more crucially, keep them?
Healthtech company Thriva, a B2B fulfilment platform that offers personalised at-home finger prick blood tests as among the top employers listed in the report.
In 2022, the London-based company made 45 per cent of its final job offers to underrepresented candidates. Its benefits and compensation packages include a competitive salary, share option, hybrid working schemes, a pension plan and a “treat yourself” budget for all staff.
Fintech Zopa Bank, and Multiverse placed within the top 10 medium-sized businesses, while Travel search engine Skyscanner and leading financial services firm JPMorgan Chase & Co were among the top 10 in the large enterprise category.
The even better news is that the balance of power is still firmly in the hands of tech workers—despite the recent spate of layoffs—and if your current employer is falling short on the above elements, it could be time to investigate a new opportunity at a company that offers more than just a paycheck at the end of every month.
If that is the case, theAltFi Job Board is the perfect place to start your search as it features thousands of jobs in tech companies, like the three below.
Vanquis Bank’s employee benefits include a pension scheme with a matched contribution of up to 10 per cent, private medical insurance and one paid day to give back to the local community or a chosen charity. It is currently hiring for various roles including aCyber Threat Specialist in Bradford.
According to company reviews posted on Indeed,Starling Bank employees cite flexible working arrangements and an inclusive work environment as some of the most notable positives. The neobank which has offices in London, Southampton and Cardiff is actively recruiting and has various opportunities fordevelopers andengineers.
Diversity and inclusion is at the heart of everythingAccenture does according to its CEO, Julie Sweet. “Across the globe, one thing is universally true of the people of Accenture: We care deeply about what we do and the impact we have with our clients and with the communities in which we work and live. It is personal to all of us,” she says.