The 2012 London Olympic Games will create thousands of new IT and telecoms jobs, pumping £250m into the IT recruitment industry, according to a report.
Research by IT recruitment firm Greythorn shows over 5,000 IT and telecoms jobs will be created to deal with the level of technology services needed to support the London 2012 Games, such as high-tech infrastructure and cyber security. Sectors such as construction, hospitality and retail will also have increased IT demands.
"If 5,000 jobs are created, each with an average salary of £48,562 for IT and technology professionals, that equates to gross earnings of £250m per year," said the report.
Paul Winchester, managing director of Greythorn, said, "Before the Olympics begin, emergency service lines need to be secured, Wi-Fi coverage needs to be expanded, including an attempt to get internet access across the Tube network in time for the Games, and measures must be taken to prevent cyber attacks. The demand for skilled technology professionals is already increasing markedly."
Greythorn's predictions may even fall short of realised IT demand. "Given that 5% of the UK's 29.12 million-strong workforce work is 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," he said.
Winchester believes the private sector could sustain the increased level of employment beyond the 2012 games after securing foreign investment as result of the Olympics.