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New year, new job: The tech resignations are coming, so get ready

  • 12 days ago

With the events of 2020 and 2021 having prompted many to revaluate their personal and professional lives, businesses are now facing the prospect of losing some of their most valuable tech workers.

There has been a lot of talk about a 'Great Resignation' and what's prompted it. The fact that career progression has come to a juddering halt for many is clearly a driving factor. When it comes to tech and IT teams, many report feeling as though their considerable efforts in keeping businesses operating throughout the pandemic have gone unnoticed or unappreciated. Software development can be thankless work; couple this with the intense demand the pivot to remote working and digital-first business placed on tech teams, and it's little wonder many IT workers have had enough.

Exactly how many employees will go through with their resignation plans remains to be seen. Some reports have suggested a third of tech workers plan on quitting in the next 12 months; others, claim as many as three-quarters. What is clear, however, is that the workforce is already on the move. Figures from the US Labor Department show that workers quit in record numbers in November 2021, with 4.5 million leaving their employers. Given that the start of a new year is typically regarded as a time for fresh starts, it's likely that this wave of resignations is only going to accelerate in the coming weeks and months.

Employers should be worried, and those that are not clearly don't appreciate the gravity of the situation. The success of businesses over the past two years has hinged almost entirely on their tech teams, and while the frenzied dash for cloud and software capabilities has plateaued, employers will need dedicated, motivated and energised tech workers on board to have any hope of ensuring their digital investments pay off in the long term.

It's not simply a case of hiring more coders, either – developers are already in short supply. Employers will need to put just as much effort into making sure they retain existing tech staff, who already have extensive knowledge of the organization's technology and who understand the needs of the business and its customers.

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