This report considers how tech leaders are responding to challenges concerning remote work, the downturn and the Great Resignation. Many are moving away from traditional hiring models, adopting new hiring criteria, embracing freelancers, and shifting towards ‘blended’ teams.
Over the past few months, the most overused adjective of the pandemic has returned. It seems like no word has been used more to describe the challenges that tech founders and executives face today. While valuations and fundraising fall as economic uncertainty spreads, the talent market remains incredibly tight. Workers are quitting and planning to quit in record numbers. That’s caused tech founders and executives to adapt to new financial realities while still finding ways to hire the talent they need to not just survive, but thrive.
To better understand how tech leaders are adapting at this crucial moment, A.Team and MassChallenge partnered on our inaugural Tech Work Report, surveying 581 tech founders & execs (C-Suite or department leaders) based in the United States. Respondents were all surveyed in July 2022 through the MassChallenge network of founders, experts, and partners.
The results offer a fascinating look at:
How tech leaders are dealing with hiring challenges, adopting new hiring criteria, and exploring new talent models amidst the Great Resignation.
How companies are shifting towards a “blended” workforce that integrates teams of full-time employees with a growing pool of highly skilled independent workers.
How tech leaders view the effects of the downturn—from fundraising plans to growing concerns over both the health of their companies and mental health of employees.