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Tech companies are having trouble finding people with the right skills, and it’s not just web or software developers. The lack of workers is felt all over the IT industry, from network management and cybersecurity to analytics and data services. Even though the talent crisis is not new, more and more tech workers are leaving jobs that should be safe. There are many different reasons.
TalentLMS did a study that found that 40% of tech workers are thinking about leaving their jobs because they don’t have flexible hours, 41% have few chances to move up in their careers, and 39% work in a toxic environment. Other common reasons for leaving a job are feeling burned out (58%), not being able to work from home (33%), and putting more effort into finding new employees than keeping the ones they already have (75%).
Companies are becoming more aware that they could lose tech talent. Those who can afford it are giving double-digit pay raises or hiring bonuses to get the best people to work for them. Others are looking for ways to make the workplace more appealing or to give employees a reason to work hard, such as through meetings to share knowledge and educational sessions. Businesses are trying to make jobs more appealing to fill some of the most in-demand jobs, like data scientist, software developer, and web developer. They do this by offering incentives or increasing pay.
In our world of “big data,” more and more companies want to turn their data into actionable insights and move their digital strategy forward. When startups use data science, it can help them move faster, predict market trends, and learn more about their customers and products.
But the market for skilled workers is tight, and by the end of 2022, demand is expected to rise by 28%. Businesses, including big ones like Facebook, Google, and Amazon that can offer six-figure salaries, stocks, and/or a variety of projects, are competing to hire and keep talented people. Small businesses can win the battle for talent by doing more than just offering competitive pay. Some of the perks that startups can offer to attract talent are the ability to work from home, flexible hours, a pleasant place to work, and the chance to keep learning. Especially for people who work under a lot of pressure, being flexible is a great way to attract data science talent. Getting insights from unstructured data can take a lot of time and work, which is why employees need to be able to work when and where it’s most convenient for them.
In the past few years, the need for software engineers has grown by a huge amount. With tech trends like machine learning, artificial intelligence (AI), quantum computing, and hyper-automation, there will likely always be a need for software developers. In fact, BLS data shows that the number of jobs for testers, quality assurance analysts, and software engineers will grow by 25% by 2031.
Software developers are in high demand even in tech startups. This is because most of the products that tech companies are putting on the market, like virtual reality platforms, Internet of Things (IoT) devices, and smartphones, are supported by the software. But, like with data science talent, it can be hard to win against big employers if they don’t pay attention to what job seekers want. Top developers may be interested in attractive pay packages,
but it seems that many developers want more than just good pay. A recent survey in the U.S., Canada, and Latin America showed that most software developers would choose an employer based on how flexible their schedules are and whether or not they can work from home. According to the survey, 86% of all engineers work from home, and more than one-third of them would prefer to do so. The vast majority of respondents (80%) chose hybrid as their preferred work model. They said that working from home gave them less stress, more freedom, and a better balance between work and life.
Companies like Apple, Microsoft, and Twitter, which are huge in their fields, are not the only ones choosing remote and hybrid work arrangements. Small businesses and startups might also want to think about letting people work from home to attract top talent. At the same time, software engineers value independence more and more, so remote work isn’t just about changing where an employee works and skipping the commute. Businesses need to get rid of the “9-to-5” mentality and give employees the freedom to plan and manage their own work schedules and tasks.
People always want to hire web developers. Big companies like IBM, Google, and Bank of America are always looking for tech talent, and many have gotten rid of their degree requirements to fill open positions and adjust to a tightening job market. Demand also comes from new and growing tech companies that want to be on the cutting edge of technology and new ideas. Again, it can be hard for startups to get people to work for them when they are competing with bigger, better-known companies with more resources.
For small businesses that want to stand out, the best way to stay competitive is to know what developers expect from them. According to the 2020 State of Developer Satisfaction Report, pay is the number one reason why developers switch jobs. However, when looking for new jobs, web developers also look for career growth, better benefits, remote work, and shorter hours. This means that the main selling point for a business should be how it helps employees at home and at work.