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IT jobs sector will see Olympic boost of £250m

[private]The London 2012 Olympic Games will generate hundreds of millions of pounds for the IT and telecoms sector through the creation of new jobs.

This is according to new research from Greythorn, an IT recruiter, which found that as many as 5,000 new jobs within the aforementioned sectors will be created due to the Olympics.

The increase in IT and telecom workers will come from the need to improve technology services, such as emergency service lines, WiFi coverage and cyber security, in order to meet the demands of the Games.

The average salary for IT and technology professionals is £48,562. If the estimated 5,000 jobs are created this will equate to £250 million being generated per year.

Paul Winchester, Managing Director of Greythorn, says: “The IT and telecoms infrastructure required to host the Olympics will leave a significant high-tech footprint on the UK labour market.

“The demand for skilled technology professionals is already increasing markedly. Given that 5% of the UK’s 29.12 million strong workforce work in IT and telecoms, and government forecasts suggest 103,000 permanent jobs will be created by the Games, our estimate may be on the conservative side.”