Introduction
The year 2022 was challenging, but in 2023, young workers in Europe’s tech sector are finding happiness at work again. According to the “Young Generation in Tech” report, supported by Eight Roads Ventures Europe and the HR platform HiBob, job satisfaction has rebounded. We examine the trends and motivations of young tech professionals across seven European countries.
1. Rising Job Satisfaction
Job satisfaction among young tech workers is on the rise, increasing from 35% in 2022 to 50% in 2023. Nearly half of respondents (48%) report being “very satisfied” with their jobs, with 63% intending to remain in their current positions.
2. Challenges Faced by Dutch and Swedish Workers
Tech workers in the Netherlands (17.7%) and Sweden (25.3%) have the highest levels of job dissatisfaction. Confidence in their respective companies is also low, with 32.2% in Sweden and 38.7% in the Netherlands expressing no trust.
3. Motivating Factors and Reasons for Leaving
Compensation and promotions are the primary drivers of job satisfaction. Workers also value hybrid and flexible schedules, learning and development budgets, and employee benefits. Opportunities for career growth and flexible work arrangements are also key factors.
4. Return to the Office and Hybrid Work
While flexibility remains important, 56.14% prefer to work in the office four to five days a week. Hybrid work is preferred by 34.49%, while only 9.38% favor fully remote work.
5. Perception of Artificial Intelligence (AI)
Despite some concerns, 78% of respondents are confident about the impact of AI on their work. The majority view AI as a tool to enhance productivity and creativity.
Conclusion
Young tech workers in Europe are regaining job satisfaction, but challenges remain, particularly in the Netherlands and Sweden. Flexibility remains essential, as does trust in the company and the gradual adoption of AI.