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November 12, 2022
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Quality of life and good salaries, what digital talent is most looking for

Quality of life and good salaries, what digital talent is most looking for

The wave of mass layoffs and resignations in technology companies have set off the alarms in the sector, which is beginning to show the ravages of bad weather that is experienced globally.

(see: Colombia, with the rise in the most critical unemployment rate in the OECD).

Not only Twitter has communicated this radical decision (laying off 4,000 employees), but also companies such as Tesla, Microsoft, Netflix and recently Goal, Facebook parent company, which announced that it would end the contracts of 11,000 workers, are a sign that the reconfiguration in technology, in terms of contracts and work location.

However, against this background, the most recent study of Boston Consulting Group (BCG) noted that around 40% of digital talent globally would be looking for new job opportunities, including other destinations.

The report called ‘Digital workers are on the move. Here’s what they’re looking for’ It was attended by 1,000 people who have decided to relocate to 11 of the world’s leading tech cities: Amsterdam, Bangalore, Berlin, Dubai, Dublin, London, São Paulo, Seattle, Shanghai, Singapore and Tel Aviv.

(See: Looking for remote work? These web pages help you with vacancies).

This is how the first finding of the report showed that professionals who move to other geographies do so in the first years of their professional career. Therefore, 76% of those surveyed claimed “to have moved within the first seven years of starting their professional career in the digital sector.”

Notably 50% of the top mobile talent are engineers and programmers.

Regarding the motivations to remain in the new location, 69% of those surveyed stated that the opportunity to have “higher income” continues to be the main priority. Next, 77% of those surveyed stated that they studied in the new location due to a higher quality of the ecosystem, while 85% sought advanced degrees in those destinations.

Sandro Marzo, managing director and partner of BCG, stated that the need to have trained collaborators to continue with the digital transformation and maintain leadership in the markets, “it is increasing”.

(See: Informality stood at 58.3% for the July-September quarter).

For this reason, companies are constantly searching for the best talent. The sectors with the highest demand for digital talent are big data, analytics and artificial intelligence. It is followed by the cybersecurity sectorMarch assured.

Although many expressed the salary issue, as a positive impact to move and work with a technology company, about 60% of the participants stated that they seek a better quality of life when choosing a destination to work.

The balance between work and personal life as well as personal security are also fundamental factors that digital professionals look for when moving to a destination for a job offer.

Employment.

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Shanghai and Berlin are the favorite destinations among digital workers They want higher income.

Meanwhile, Seattle is the destination for those seeking positions with specific companies. And Tel Aviv, on the contrary, is outlined by the opportunity to obtain Israeli citizenship.

(See: Absenteeism from work: per year, an employee misses 12 days from work).

Dublin ranked first among those seeking a better lifestyle and Berlin among those who want to pursue higher education. Dubai it was one of the favorite places for those considering moving as a family.

The move in Latin America

The tide of layoffs has also reached the region and, of course, Colombia. Recently platforms like iFood and Beat announced the end of their commercial operations in the country, which has led to massive layoffs of Colombian talent.

iFood highlighted that the current global context led them to make the decision to leave Colombia.

(See: Twitter co-founder apologizes for Musk-ordered layoffs).

For its part, the Beat mobility platform announced that it was leaving the country and the rest of Latin America (Mexico, Argentina, Peru and Chile) in order to concentrate their work on the operation they have in Europe.

JOHANA LORDUY
Journalist Portfolio

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