Why Tech-Sector Remainers Should Consider Germany
With Brexit talks finally progressing, it looks like there’s no going back. But there is a way for UK residents to stay in the EU: leave Britain to find a new home elsewhere in Europe. For many businesses, especially those in the tech sector, this is the only sensible thing to do to maintain any prospect of prosperity.
Out of all the European cities, Berlin has emerged as one of the most popular choices for young people, as both a place to live and a place to work. And for good reason. Germany as a whole is the natural home for post-Brexit nomads in the tech sector—here’s why.
The German tech scene is historically successful
Germany’s tech scene has always been impressive, even iconic. For example, in 1972, SAP was launched. The company has since grown into one of the world’s largest technology companies, and spawned an entire industry. In their guide to getting SAP jobs, Eursap say that SAP consultants can enjoy prosperous careers in Germany, as long as they learn the local language. This will, they say, “open the door to employment opportunities in a country with one of the most stable economies in the world and a huge number of local SAP clients.”
Germany has its fair share of tech disruptors from the internet age, too. Music streaming platform SoundCloud is based in Berlin. Formed in 2009, the company, whose site hosts free music from amateur and professional musicians alike, is perennially on the heels of much larger firms, and the subject of frequent buyout rumours from tech titans like Google and Twitter.
Investors take chances in Germany
Continued confidence in this historic tech scene has led to a steady increase in investment, and a general willingness to take risks on promising ideas. Recently, no less than a flying taxi created by German firm Lilium received major backing from investors including Chinese firm Tencent, encouraging this ambitious endeavour.
A little more down-to-earth but no less daring, artificial intelligence is also taking off in Germany. One south German area, between Tübingen and Stuttgart, has been dubbed “Cyber Valley” for its focus on AI development. Entrepreneurs in the area are fixated on commercialising the latest abstract research in the AI field. Excited by the prospect, some of Germany’s biggest manufacturers have backed these efforts; Porsche, Bosch, and Daimler have pooled their efforts, while Amazon’s German arm plans to open its own lab in support of the project.
Germany is home to the best tech talent in Europe
It’s impossible to really tell where the best tech workers are based, but a recent figures show that Germany has the most tech talent in Europe. The country recently overtook the UK as the European nation with the highest number of professional developers. Any founders planning to make new hires will be spoilt for choice in Germany.
Germany’s current talent pool, of course, has room for expansion. While the UK is unlikely to allow free movement of people after Brexit as it currently does, Germany-based companies will be able to hire staff from all over the EU. Germany’s central location within the continent and high standard of living make it the ideal destination for many immigrant workers.
German salaries are looking better and better
Talking to Politico after Brexit, one British software developer expressed his intentions to move to Germany. There were many factors behind his decision, but one of the biggest was the bottom line: “The salaries,” he said, “are starting to look pretty good.”
Since Brexit, the strength of the pound has been on an almost constant downward trajectory, and when the deal is finally done, it’s likely to fall even more. But it’s more than simple exchange rate calculations that make German salaries so attractive. Germany has one of the highest average wages in Europe, with most residents earning at least €2,155 per week. When it comes to tech jobs, the prospects are even better; IT workers can expect to earn up to €5,000 a week on average in Germany.
With better financial prospects, more room for innovation, and a deep well of talent, Germany is clearly the frontrunner when it comes to post-Brexit relocation.
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