For many years, the tech industry has faced talent shortages and the focus for companies has been on how to attract the best and the brightest people.
In a market environment as unpredictable and challenging as today’s, our report highlights that tech companies need to pay immediate attention to engaging and investing in the young generation in tech ('YGIT') in order to retain their hard won talent.
We surveyed 2,005 20-30-year-olds across Europe to understand their motivations, what they’re looking for from their roles and their expectations for the future at work. Countries included the UK, Ireland, Netherlands, Germany, Sweden, France, Spain.
The survey respondents are currently employed full time in the following industries: Consumer tech, Fintech, Gaming, Hardware, Health Tech, Internet, Mobile Application, SaaS, Tech Software.
Over half of young workers have reported changing their career plans, job search and employment considerations as a result of the economic downturn.
Over a third of individual contributors reported bad workplace experience and 24% of managers are dissatisfied.
While most YGIT are benefiting from flexible work, and many stated that the ideal company to work for is a startup with good and flexible work arrangements, at the same time not being in the office hinders engagement and working relationships.
More so than individual contributors, managers in this cohort are aware and care about company success and company potential; it increases their feeling of job security and engagement.
The young generation is the future of tech. Understanding what motivates them in the workplace and the best way to support them to manage their careers will help the tech industry craft programs to retain them, develop them, give them a sense of stability and belonging. Job security, strong co-worker relationships and compensation should not be overlooked or underestimated, as they are important considerations for today’s young generation in tech when it comes to deciding whether to invest and stay in their current roles.