Data leaders have a problem.
They’re spending an average of 42.6% of their time working on strategies to keep their teams motivated and satisfied.
It’s the age-old issue: how can you attract and retain top talent? How do you keep those talented data professionals happy once they’re in your team, ensuring creativity, innovation and productivity remain at the forefront?
Providing a workplace where employees feel valued and supported isn’t just common sense, but absolutely essential, serving as a critical strategy in preventing the costly process of recruiting and training new data talent.
Corndel’s 2024 Workplace Training Report shows that the ground is shifting. The evolving expectations of employees are reshaping today's workplace, moving beyond snack bars and ping-pong tables to influencing organisational structures built on empathy, well-being, and inclusion.
It’s more important, and costly to organisations, than ever. According to research by Oxford Economics and Unum, the average cost of turnover per employee has now soared to approximately £30,000.
In a world of work where data reigns supreme and amidst an unprecedented data skills shortage, understanding the landscape of talent retention, predictions for industry demand, and strategies to foster innovation is incredibly important.
It goes without saying that the data recruitment market in the UK is highly competitive, with data professionals seeking not just strong compensation, but also clear career progression, engaging work, and a positive work environment. Companies looking to attract and retain top data talent will need to address these key priorities.
At Corndel, we undertook research with 125 senior data professionals to help shed light on the pulse of the UK's data industry, delivering invaluable insights directly from managing directors, CDOs, and various senior managers in data across diverse sectors.
What we discovered was a revealing snapshot of the UK’s data talent shortage, and insights into what drives and motivates data professionals, guiding us toward effective strategies for retention and recruitment in an increasingly competitive landscape.
