SALT LAKE CITY — If the tech workers around you aren't very happy with their jobs, they're not alone. Research shows that tech employees' happiness at work has declined for the fourth year in a row.
Budget cuts and layoffs concern this group of workers. The Wall Street Journal reported that this situation has continued since the coronavirus disease (COVID-19) pandemic.
“They tightened the purse strings,” Bamboo Brand Launcher CEO told KSL News Radio. “As a result, many local technology companies are seeing business hit.”
And there may be other reasons for tech employees' dissatisfaction, Lancher said.
“Maybe it grew too fast.”
This means more layoffs for some employees.
Bamboo HR Survey
Each quarter, Bamboo provides an Employee Happiness Index that measures the pulse of approximately 60,000 employees across eight industries.
A new study found that construction workers were the happiest people. Financial experts reported that “happiness levels are steadily declining.'' As reported in the Bamboo study, the happiest group of employees work in nonprofits.
The upside for Utah's tech workers
Rencher believes the unhappy sentiment at the tech center could turn around.
“We continue to punch well above our weight in terms of the innovation that's happening in the state,” Lancher said, “and the state's growth, the venture capital money that's coming in.” he said.
He said companies need to proactively and frequently investigate employee situations and follow up on employee concerns.
Finding an important common purpose is what employees want from their jobs, and it can make them happier and more engaged, Lancher said.
Related books:
