New analysis suggests tech sector is heading for a mind drain

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The know-how sector is heading for elevated candidate motion as greater than half (53%) of tech professionals plan to search for a brand new position within the first half of 2023. That’s in line with new information from digital, transformation and know-how expertise options specialist, Lorien.

The statistics from the agency’s examine, What Tech Candidates Need 2023, counsel that tech employer woes are additionally set to proceed past the primary half of the yr, with 83% of candidates stating they’re more likely to search for a brand new position by the top of 2023. Whereas this might be indicative of the broader uncertainty within the UK financial system and tensions round the price of dwelling disaster, Lorien has warned employers that the battle for high tech expertise remains to be rife in what many would presume is a calmer jobs market.

Darren Topping, Director of Options & Perception at Lorien commented:

“It could be unwise to imagine that the financial local weather and tech layoffs from massive manufacturers have alleviated the abilities gaps within the sector. Extremely expert tech professionals are nonetheless in important demand and our information exhibits that the overwhelming majority are planning to alter jobs this yr. Understanding what’s driving these profession strikes and what candidates need goes to be key to the power of an organisation’s tech expertise technique for 2023 and past.”

In response to the information, whereas wage is the highest driver of strikes – cited by 40% of respondents – versatile working ranked second (26%), with 55% of these surveyed additionally saying they would favor to be absolutely distant on a everlasting foundation. With employers equivalent to Amazon pushing workers to spend extra time within the workplace, these companies that keep the versatile working practices that emerged post-pandemic might be in a greater place to draw and retain high tech expertise throughout any continued uncertainty.

Darren Topping added:

“Pay is actually going to be a key motivator for tech candidates as the price of dwelling disaster continues, however with so many companies mandating workplace returns the large-scale job strikes might be pushed by a mismatch between what tech expertise needs and what employers are pushing for. The character of many tech roles implies that they are often simply managed in a distant surroundings, which presents a wealth of worldwide alternatives for people. Companies that don’t discover that glad compromise with each present expertise and future recruits will discover it powerful to draw and retain the abilities they should stay aggressive as digital transformation and tech development continues all through the approaching yr.”