Interactive
MALTA CAREERS AND TALENT
Is Malta on the path to becoming a true digital nation?
Ori Zilbershtein, Chief Business Development Officer at Hyperion Tech, questions whether one of the industry’s most important hubs has the ability to grow in light of a shortage of talent
Ori Zilbershtein, Chief Business Development Officer at Hyperion Tech
While Malta focused on one or two industries, others have been neglected and it’s now a territory that is a less attractive option for IT specialists. The country did not foresee the resources needed to set up training or education programmes for developers, cybersecurity or even digital marketing. Other European nations have taken a step forward ahead of Malta, setting up programmes to develop new talent in these industries.
P72 NEWSWIRE / INTERACTIVE / MARKET DATA
Malta is a prime location for iGaming companies. Great infrastructures and robust regulation and legal systems were built to support the industry ever since it was born.
Te journey to become an iGaming nation brought with it aggressive economic growth, and in turn attracted talent and created a steady flow of funds due to the large number of expats visiting and living on the island.
Every coin has two sides though, and in the last five years there has been a growing trend of increased rent prices, lack of commercial and living spaces, higher relocation costs and intensified competition, making it harder for talent to afford a living on the island and for companies to grow further.
Tere’s no doubt that the iGaming industry is the only gem in the crown attracting talent to the island and other digital industries have been left behind, including online marketing and cybersecurity to name a few. Malta is very successful in creating good conditions for iGaming to build a base, but it is still lacking the ability to attract the right kind of talent from Europe and beyond.
A centralised economy around iGaming alone has started to take its toll on the market. With growing rent prices, companies are having to increase their compensation and relocation
packages to secure suitable talent for specific jobs. Combined with a shortage in professional training programmes, the growth grinds to a halt.
Te only option left now is to diversify the knowledge and talent base and start growing supplementary industries which are symbiotic to iGaming, such as data and analytics, cybersecurity and digital marketing.
Why are other industries not an attraction for talent at the moment?
In a similar way to how Malta became a hub for iGaming firms which helped to draw in talent from overseas, we’re now experiencing the beginning of that trend for blockchain and crypto currency start-ups on the island too.
Te government has ramped up its efforts and focus on these industries, which is allowing them to grow and attract individuals from Europe and beyond.
While Malta focused on one or two industries, others have been neglected and it’s now a territory that is a less attractive option for IT specialists amongst others. Te country did not foresee the resources needed to set up training or education programmes for developers, cybersecurity or even digital marketing. Other European nations have taken a step forward ahead of Malta with this regard, setting up programmes to develop new talent in these important industries.
The digital sector bubble and its consequences Having only one industry as the main attraction
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110
