EDB, a leading contributor to PostgreSQL®, released a survey of more than 1,000 application developers, and IT and business management professionals at its Postgres Vision 2021 conference. The survey found that this key talent pool would consider other roles for stronger career path options, better mentorship and greater opportunity to work with cutting edge technologies.
Talent retention is a growing and widespread challenge for business leaders. The U.S. Bureau of Labor Statistics (BLS) predicts that by 2030, the U.S will lose $430 billion annually due to staff turnover. And while BLS data for April 2021 showed 9.3 million job openings, the pool of skilled labor is tightening as workers have new expectations. These expectations are driving a movement dubbed, “the great resignation,” making it increasingly difficult to recruit and hold onto talent.
The global survey by EDB targeted open source technology users, specifically those holding application development, information technology and operations titles at organizations greater than 100 people. Respondents were surveyed on their volume of work and quality and kinds of training, along with motivations that could lead them to seek other job opportunities.
Key findings from the survey include:
Employees will quit for better career path and learning opportunities
Findings revealed that job hunting is motivated by:
- Improved career path options (24%)
- Better mentorship (17%)
- The opportunity to work with more cutting edge technologies (16%)
Training in emerging tech and compliance captured high ratings
Respondents were asked to rate their employer’s approach to new training initiatives during the pandemic:
- 53% viewed their employer's approach to new technology (e.g., cloud) training more favorably
- Nearly half (48%) had a more favorable perception of compliance training
Mentorship and wellness fell to the wayside during the pandemic
When respondents were asked which programs their employer rolled out during the pandemic:
- Only 10% of their employers rolled out new mentorship programs
- Only 13% of their employers conducted soft skills training
- Only 14% of their employers provided wellness programs
Management training suffered
- 59% of respondents viewed their organization’s approach to management training less favorably
“Technical professionals are sending a clear message to management on what keeps them engaged,” said EDB president and CEO, Ed Boyajian. “As employers and leaders, we need to actively support their development. Whether it’s offering more mentorship, training in the best technologies, or promoting overall well-being, we must invest in what inspires our teammates and helps them grow.”
As competition for top IT and application development talent heats up, EDB has implemented benefits such as Wellness days, a flexible work environment, leadership and technical training, and a home office stipend to support remote work arrangements.
To view career opportunities at EDB please visit our website here.
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PostgreSQL is increasingly the database of choice for organizations looking to boost innovation and accelerate business. EDB’s enterprise-class software extends PostgreSQL, helping our customers get the most out of it both on premises and in the cloud. And our 24x7 global support, professional services, and training help our customers control risk, manage costs, and scale efficiently. With 16 offices worldwide, EDB serves over 5,000 customers, including leading financial services, government, media and communications, and information technology organizations. To learn about PostgreSQL for people, teams, and enterprises, visit EDBpostgres.com.