In the inaugural edition of its Work in Tech report, MassChallenge partner A.Team surveyed 581 tech executives about the top challenges facing the future of work.
Many leaders want employees to return to the office, despite the success of remote working and the challenge of replacing top performers who left during the pandemic.
Faced with frustrations with the traditional hiring model, founders and tech executives are accelerating hiring plans, bringing in freelancers, and embracing a new model of “mixed teams.”
Despite warnings from top VCs not to fundraise in the next 24 months, most founders and executives still plan to do so in the coming year.
- The Great Resignation had a real impact: 44% of founders and leaders of technology companies say that a significant number of their best people left the company because of the Great Resignation.
- They are frustrated with the traditional recruitment model: 67% agree that the traditional recruitment process is flawed and needs to be reviewed.
- Recruiting top product and engineering talent remains a challenge: 62% say it takes an average of 4 months or more to recruit top product and engineering talent.
- Traditional hiring conditions are changing: 80% of companies say they are ready to hire someone without a university degree for any position.
The mixed workforce and the return to the office
- Integrated “mixed” teams of full-time and freelancers have become the norm: 73% of technology companies now have integrated teams of freelancers and full-time employees.
- Founders and CEOs of tech companies see freelance talent as an essential tool in a time of economic uncertainty and remote working: 71% of them agree that using freelancers or self-employed workers gives their company greater flexibility in times of economic uncertainty, and 70% say remote work has prompted them to hire freelancers.
- A flexible work model is showing results, but many are considering returning to the office: 62% believe that switching to a more flexible work model during the pandemic has increased employee productivity, but 37% say they intend to work more from the office over the next year. Among more mature Series B, C, D, E and public companies, this figure rises to 55%.
Strategy and challenges of the recession
- Despite major VCs warning against fundraising in the next 24 months, most plan to give it a try: 60% plan to fundraise in the next 12 months and 78% in the next 18 months .
- They do this by being more concerned about the long-term health of their business: 57% are more concerned about the long-term health and viability of their organization than six months ago. Only 10% were less worried.
- Two years into the pandemic, executives are worried about themselves and their employees: 72% of tech company founders and executives worry about the mental health of their employees, and 62% about their own health mental.
What do you think of this study? do you find it relevant?
What is the situation in your company?
See as well :
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Digital burnout: how to deal with it in the age of teleworking, by Bastien Dubuc, Country Manager France at Avast