Attraction and Retention Report 2023

How to attract and retain the best talent 2023

We surveyed our 90,000+ LinkedIn following, in both 2022, and 2023, to gain insights into the factors that motivate employees to stay in or leave their jobs in the IT sector. Here are some of the trends we identified.

We are beginning to witness a slowdown in the ‘great resignation’. Compared to 2022, there has been a shift in employee behaviour. Employees are less inclined to switch jobs solely for salary increases and instead are prioritising job stability. This behaviour change has likely been influenced by the prevailing economic downturn and the significant redundancies experienced in the Tech sector. 48% of our respondents said they are less likely to change jobs as a result.

Furthermore, recent redundancies from prominent companies could be leading to a power shift, with the dial swinging more towards Employers for the first time in years.

Have recent redundancies made you less likely to change jobs?

However, our research indicates that the trend of ‘quiet quitting’ remains prevalent. Quiet quitting refers to when employees disengage from their work and only perform the bare minimum. We found that 47% of our respondents either plan on or are already quietly quitting their jobs this year. Therefore, the primary challenge for employers in 2023 will be to re-engage their employees to enhance retention.

Do you or are you planning on ‘quiet quitting’ in your job this year?

Based on our research, we have identified four key factors that can help with retention and attraction:

Salary

Flexible Working

Growth Opportunities

Health and Wellness

Get in touch to discuss how you can attract and retain the best talent!

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Reference List

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2. Knight, C., Olaru, D., Lee, J.A. & Parker, S.K. (2022) ‘The Loneliness of the Hybrid Worker’, MIT Sloan Management Review, 63 (4),, pp. 10-12.

3. Buffer (2022) 2022 State Of Remote Work, United States. Available at: https://buffer.com/state-of-remote-work/2022

4. Shields, A. (2022) Isolation And Conflict In The Hybrid Workplace, Forbes, 31 May. Available at: https://www.forbes.com/sites/annashields/2022/05/31/isolation-and-conflict-in-the-hybrid-workplace/?sh=78bcef7028e4

5. Maslow, A. (1943) A Theory of Human Motivation. Psychological Review, 50(4), pp.370-396.

6. Smith, K.E. and Pollak, S.D. (2022) ‘Approach motivation and loneliness: Individual differences and parasympathetic activity’, Psychophysiology, p.e14036.

7. UK Government (2022) Guidance for Employers and loneliness. Available at: https://www.gov.uk/government/publications/employers-and-loneliness/employers-and-loneliness

8. Hadley, C. N. . (2021) Employees Are Lonelier Than Ever. Here’s How Employers Can Help., Harvard Business Review, 9^th June. Available at: https://hbr.org/2021/06/employees-are-lonelier-than-ever-heres-how-employers-can-help

9. Congdon, C., Flynn, D., Redman, M. (2014) Balancing “We” and “Me”: The Best Collaborative Spaces Also Support Solitude, Harvard Business Review, October. https://hbr.org/2014/10/balancing-we-and-me-the-best-collaborative-spaces-also-support-solitude

10. Inc (2022) Great Office Design Can Improve Team Collaboration and Morale. Here Are 5 Ideas to Boost Your Space Available at: https://www.inc.com/heidi-zak/great-office-design-can-improve-team-collaboration-morale-here-are-5-ideas-to-boost-your-space.html