Dubai: There are more employees quitting their jobs in tech companies than in any other organisation in the UAE and the rest of the Middle East and North Africa (Mena) region.
According to LinkedIn, employers in the technology sector, particularly those in the software business, saw the most number of professionals leaving their companies in 2017.
High turnover rates can negatively impact an organisation. When employees leave, companies spend time and money to hire and train new staff. That is why many companies strive to retain their staff as much as possible, especially the ones that positively affect the bottom line.
Within in the region, approximately 12.3 per cent, or more than one in ten employees in the tech or software industry quit their posts last year, higher than those who left their jobs in the professional services sector.
Turnover rates in businesses in the telecommunications industry are also one of the highest, at 9.65 per cent.
Looking at the reasons that drove people to quit, LinkedIn found that lack of professional growth and poor management are the key factors.
Industries with the highest number of quitters
1.Technology (software): 12.3%
2. Professional services : 11.1 %
3. Telecommunications: 9.65 %
Among the quitters, nearly half (45 per cent) said they left because they did not see opportunities for advancement, while 41 per cent said they were unhappy with the leadership in their organisation.
Nearly four in ten (36 per cent) also noted that they were unhappy with the work environment, and about the same number cited the desire for challenging work as the reason.
As to why many people quit their jobs in the tech industry, Ali Matar, head of LinkedIn Mena, noted that professionals are facing high demand and getting competitive salary offers.
“The trouble with retaining tech talent is high-demand and rising compensation within the industry. As employers and offers get more competitive, top talent is more eager to jump on new opportunities. Emphasizing career advancement can help retain current employees and attract new ones,” said Ali Matar.