ISACA survey: One third of tech staff have changed jobs

A recent survey by ISACA reveals that one in three technology professionals have changed jobs within the past two years, with 74% of organisations expressing concerns about retaining IT talent.

The study, which surveyed 7,726 technology professionals globally, investigated satisfaction, pay, career advancement, and retention factors within the tech industry. Despite its challenges, tech professionals report career satisfaction, with motivations for remaining in positions including work-life balance, hybrid/remote work options, and job satisfaction.

Work-life balance is deemed important by 41% of respondents as a reason they stay in their positions, although only 18% enter the field prioritising this aspect. Hybrid/remote work options and enjoyment of job duties were also significant retention factors, mentioned by 40% and 37% of participants respectively.

Problem-solving, continuous learning, and job security/demand entice many to pursue IT careers initially. Despite these attractants, there are several challenges, including needing more technical knowledge and adapting to evolving technology.

Promotion and salary growth in recent years have positively impacted job satisfaction, with nearly 70% of respondents reporting a raise or promotion in the past two years, even though only a minority proactively requested these benefits.

Stress remains a significant issue for many in the tech industry, with the primary stressors including heavy workloads and long working hours. Only 21% of respondents report no job stress, whereas heavy workloads affect 54%, and long hours affect 43%.

Mentorship is highlighted as a crucial yet lacking resource in this sector. "The data is clear, mentorship is an underutilised asset in the tech industry," stated Jo Stewart-Rattray, Oceania Ambassador at ISACA. Despite 83% recognising its importance, only 22% currently have a mentor.

The gender disparity is evident, with 37% of women experiencing gender discrimination, contrasted with just 9% of men. Pay inequity contributes to female underrepresentation, perceived by 42% of women compared to 14% of men. Gender-inclusive programs are viewed positively by a majority, showing the potential for improving workplace culture.

Organisations face retention challenges, with about 33% of respondents having switched jobs in recent years. The top reasons for leaving include seeking higher pay, better career prospects, and more interesting work. Age also influences job mobility, with younger workers under 35 more likely to change roles.

Julia Kanouse, Chief Membership Officer at ISACA, highlighted the importance of addressing these challenges: "A robust and engaged tech workforce is essential to keeping enterprises operating at the highest level." Understanding the needs and motivations of tech professionals could help enterprises enhance workforce retention.