ECM report finds companies bullish about 2017 expansion plans

High-tech recruitment experts ECM recently released their latest annual Salary and Benefits Report. It finds that - despite the uncertain political climate - many Cambridge tech businesses have further, significant growth plans for the coming year.

 

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ECM's Salary and Benefits Report 2017 allows companies to compare salary levels and benefits packages, to ensure they retain key staff and can continue to attract the most highly sought-after candidates. It also looks at companies’ recruitment plans.

In 2016 there continued to be news of very substantial rounds of investment in the high-tech sector, as well as some high profile (and high value) takeovers. Investors remained attracted by the prospects of early-stage tech companies and the Cambridge area maintained its pre-eminent position.

A large proportion of respondents to ECM’s survey have further, significant growth plans for the coming year, with many respondents stating that they intend to expand by 10-20% in 2017. Or even by much more: a significant number of companies in the 25-50 employee range say they hope to double in size over the next 12 months.

The report’s author, director Martin Constantinides, says: “As in previous years, many of ECM’s more established clients grew in 2016 and we saw a good number of new clients coming onto the books. Unfortunately lots of these companies are looking for the same exceptional candidates! This has led to pressure across the board on starting salaries, which is detailed in our report.”

Advance copies of the report have already been sent to participating clients, but it is now available more generally. Please contact ECM for details of the survey. Visit the website at www.ecmselection.co.uk

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