The Great Resignation: A Problem for Tech Employers

With the employment landscape frequently changing, tech companies are having to adapt their original hiring strategies in order to make up for the employees they lost to what is known as the Great Resignation. However, these same companies now face other dilemmas when it comes time to send their teams back into the office. 

To provide an understanding of how work will look in the future for those in the tech industry, A.Team and MassChallenge surveyed nearly 600 tech founders and executives with their 2022 Tech Work Report. 

According to the survey, product and engineering roles were the most difficult for employers to fill–39% of respondents. Moreover, it took these businesses more than four months on average 62% said to find candidates who met their needs. 

The Great Resignation is a problem that plagues many employers, with 44% of those surveyed reporting they have lost significant numbers of their best employees to it. 

In order to reduce the vast number of trained employees leaving, 4 out of 5 surveyed executives said they would hire someone without a university degree. 

Since three-quarters of those surveyed feel that the traditional hiring and onboarding process is too long, too pricey, and needs re-imagining, it appears that tech executives are open to shifting their requirements for new hires. 

The process of onboarding remote employees is significantly more challenging for employers, as they need to find ways to make the company culture an enjoyable experience for these new workers. Perceptyx’s survey found that those who spend hours in information-packed Zoom meetings every day are more likely to have poor job performance. 

In general, the survey showed how tech organizations go about hiring in today’s market and what new strategies they plan on implementing. The data also suggested that these companies are moving towards a model that promotes teamwork between full-time staff and freelancers who have specialized skills. 

The need for quickly and efficiently onboarding employees has always been a top priority for companies, but recent events have caused this to become even more of a focus. A lack of confidence, connection to coworkers, and mental health problems can all arise from a poorly done onboarding process. 

At the beginning of this year, prominent tech companies like Apple and Meta stated that they would no longer demand college degrees for specific positions. These jobs are typically harder to fill and include software engineers, technical support, and quality engineers. 

A.Team’s survey found that 87% of respondents think career growth and upskilling programs are key to their professional development. These types of programs may help companies retain employees and stop them from quitting or resigning without notice. 

The tech industry has recently been struggling with the decision of whether employees should return to the office or continue working from home. Since the pandemic started, many workers have taken advantage of flexible work schedules. In fact, 62% of respondents reported that they were more productive when working from home than in an office setting. 

However, tech companies are preparing to make some changes that will challenge the status quo. A recent survey conducted by A.Team found that 55% of respondents said their company plans on requiring employees to work in the office more often. When Apple announced a similar plan, they received a lot of backlash from employees. It’s concerning that 53% of people surveyed said an economic downturn would make it easier for employers to force workers back into the office setting. 

Tech companies are in a precarious situation as they have to decide whether to allow their employees to work remotely or go back to traditional routes and make them come into the office. Do they want to uphold the innovative values it was founded on, or stay safe with what is comfortable? 

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