Three in ten young tech workers fear they will be fired

Three in 10 young Irish tech workers fear they will be made redundant due to an economic downturn, according to a new survey.

According to a study by HR tech firm HiBob and venture fund Eight Roads, a third of Gen Z and younger Gen Y tech workers say their job is falling short of their expectations.

Just 23 per cent of young Irish tech workers say their current role is exceeding their expectations.

Almost half say a recent economic downturn has prompted them to consider a complete change or a change in their career plans.

Thousands of 20-30 year olds working in start-ups and other companies were surveyed for the first pan-European Young Generation in Tech Report.

According to the report, younger workers have lost love of the industry due to fears of layoffs, poor relationships with managers and a lack of clear career progression.

Across Europe, more than half of all tech workers are considering a career change.

Almost half of UK tech workers are considering leaving their job in the next year.

In the UK and Sweden, over a third of young tech workers say they expect to be made redundant or fired.

A significant 70 percent of respondents would not recommend their job to friends or family, while a fifth of young people across Europe are actively looking for another job or planning to leave it.

Tech jobs are not meeting younger people’s expectations, with just 19 percent in France, 23 percent in Ireland and 27 percent in the UK saying their job is better than expected.

“The results suggest that today’s young people prioritize pay and security in part due to the cost of living crisis, but poor relationships with managers combined with unsatisfactory pay and unclear career options mean a quarter are seriously considering leaving their position within a year. said Ronni Zehavi, Managing Director at HiBob.

“These results suggest that young people in the tech industry have lost confidence in their employers and the big promises of the tech industry. Responsible employers should take this as a warning and listen to their concerns or risk losing the best and brightest.”

The survey revealed that flexible working hours are the most valued workplace condition among young people.

One in four young people came to their current employer because of a flexible working model.

Employees in Germany and France show the highest level of job satisfaction.

https://www.independent.ie/irish-news/news/three-in-ten-young-tech-workers-fear-they-will-be-fired-42037956.html Three in ten young tech workers fear they will be fired

Fry Electronics Team

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