Globally, just over a quarter of developers who have been in the workforce for over a year started a new job in the past year, and 42% of those who didn’t are considering or may consider leaving their jobs this year. Comparatively, in India 32% of the same cohort have started a new job this year, and 44% of those who haven’t are considering it. DigitalOcean Holdings has unveiled the findings of its latest Currents report, which shows that today’s developer talent shortage has potential to worsen.
“Attracting and retaining developer talent is evolving rapidly and companies need to adapt to the new landscape,” said Gabe Monroy, Chief Product Officer at DigitalOcean. “Businesses need to better understand developers and give them the tools, benefits, and pay they need to be successful — business survival in the digital era depends on it.”
Key findings of the report include:
- The Great Resignation and developer talent shortage trends are strong in India, with 32% of those who have been working for more than a year reported they have started a new job in the past year, and 44% of the same group considering leaving or may consider leaving their job this year.
- 27% of developers with more than a year’s experience have started a new job in the past year. One in five developers with 15 years or more of experience also started a new job in the past year.
- 64% of those with less than a year’s experience, and 32% of those with 1-5 years experience, left job recently. By comparison, only 21% with more than 15 years of experience have done so.
- Motivations for leaving jobs are consistent among both those who have already left and those considering leaving, with compensation, remote or flexible work environments, and better benefits being the top factors that motivate people to leave jobs, especially for younger developers.
- 18% of respondents cited lack of time and resources to work on projects is also a key challenge, and 11% mention team members leaving as a challenge, demonstrating that the developer talent shortage is impacting even those who stay in their roles.
It is clear that businesses of all sizes need to rethink their approach to attracting and retaining highly-skilled developer talent. The report also identifies compensation and desire for fully remote or more flexible work environments as the top reasons developers are thinking about quitting, or already have.