Tech Talent Exodus: Why One-Third of IT Professionals Are Changing Jobs

Key Findings from the ISACA Survey

A recent ISACA survey indicates that one in three technology professionals have switched jobs in the past two years, raising concerns among 74% of organizations about retaining their IT talent.

Survey Insights

The study surveyed 7,726 technology professionals globally, exploring factors such as satisfaction, pay, career advancement, and retention within the tech industry. Despite various challenges, tech professionals express career satisfaction with key motivations for remaining in their roles including work-life balance, hybrid/remote work options, and overall job satisfaction.

Importance of Work-Life Balance

41% of respondents cite work-life balance as a crucial reason for staying in their positions, although only 18% prioritized this when entering the field. Other significant retention factors include hybrid/remote work options (40%) and enjoyment of job duties (37%).

Career Attraction vs. Challenges

Many are drawn to IT careers by the allure of problem-solving, continuous learning, and job security. However, challenges such as the need for more technical knowledge and adapting to rapidly evolving technology persist.

Positive Trends in Promotions and Salaries

Nearly 70% of respondents reported receiving a raise or promotion in the last two years, even if a minority actively sought these advancements.

Stress in the Tech Industry

Despite positive trends, stress remains a significant issue, with 54% affected by heavy workloads and 43% by long hours. Only 21% reported no job stress.

The Need for Mentorship

Mentorship is crucial yet underutilized, with 83% recognizing its importance but only 22% having a mentor. Jo Stewart-Rattray from ISACA emphasizes the need to leverage mentorship in the tech sector.

Gender Disparities

The survey highlights gender disparities, with 37% of women reporting gender discrimination compared to 9% of men. Pay inequity is a concern for 42% of women, indicating a need for gender-inclusive programs to improve workplace culture.

Retention Challenges

Organizations are struggling with retention, with 33% of respondents having switched jobs. The primary reasons for leaving include seeking higher pay, better career prospects, and more engaging work. Younger workers under 35 are notably more likely to change roles.

Conclusion

Julia Kanouse, ISACA's Chief Membership Officer, stresses that understanding the needs and motivations of tech professionals is essential for enhancing workforce retention.