The document discusses the shifting dynamics of the workplace from 2020 to 2023, driven by factors like the COVID-19 pandemic and the Great Resignation, as employers adapt to attract and retain talent amidst a competitive landscape. Key trends include increasing voluntary turnover, a focus on employee benefits and compensation, and the need for companies to creatively address employee wants and needs. The TAP Network, which supports Canadian tech professionals, offers resources and community connections to facilitate growth and innovation within the sector.

1. Charlyne Fothergill
Community & Partnerships at
Tech and People Network
charlyne@tapnetwork.ca

2. An Evolving Landscape:
Attracting and Retaining Talent

3. 2020-2023:
The biggest workplace disruption in a generation
June 2022
CPI hits 8.1%
Q2 2022
Tech “Cool Down” Begins
Q3 2021- Q2 2022
The Great Resignation
$$$
2020-2022
COVID Pandemic

4. Lockdown
Vaccine Mandates
Mask Mandates
Sick Day Mandates
Travel Restrictions
Remote Work
Hybrid Work
Return to Office
Mental Health Awareness
4 Day Work Week
Global Hiring
Hiring Bonuses
Retention Bonuses
Inflation Adjustments
Unprecedented growth
Layoffs
Return to Office
Cost Cutting
Chat GBT
Pay Transparency

5. An evolving landscape: A shift in values

6. 2020-2023:
The biggest workplace disruption in a generation

7. Despite “cool down” it’s still a competitive
talent landscape

8. The Evolving Landscape
● Tech employers are still hiring!
○ 34% of TAP survey incumbents were “new hires” in 2022 or 2023 (10,540)
● Talent is concerned about job security but still willing to move
○ 37% TAP Members reported higher voluntary turnover in 2022 vs 2021
○ Overall Involuntary turnover was 8.3%
○ Voluntary turnover still outpacing planned headcount growth in some sectors

9. How are companies responding:

10. TOTAL REWARDS
Benefits
Other
Offerings?
Career Growth
Culture
Evaluate + Promote your EVP
Compensation
Flexibility
EDI&B
LTI
ESOP
WFH

12. Employers need to get clear (and likely
creative) on what they can offer their
employees to attract and retain.

13. What are you seeing?
1. Have you noticed a shift in the wants and needs of your
current employees? Prospective employees?
2. What steps is your company taking to address the
evolving landscape?

14. About TAP
Network
Founded in 1992 in BC, the Tech and People Network
community is evolving and becoming a national one, with
expanding support and reach across Canada.
We are a community of People and Culture professionals
committed to driving growth and success in Canada's tech
sector. We provide our members with access to tech sector
data, mentors, industry experts and an inclusive peer
community to drive innovation, collaboration and results.
Through our programs and events, we foster peer-to-peer
connections and collaboration that enable learning and
knowledge sharing.
Tap into the TAP Network
www.tapnetwork.ca

15. • Member provided, Canadian Tech Industry Data
• Benefits Buying Plan
• Diversity & Inclusion Resources
• Expert led information and educational sessions
• Peer led roundtable discussions
• Annual Mentorship program
• Networking events & socials
• Vibrant Slack Community
• Bi Annual Conferences (Vancouver & Toronto)
TAP Network Membership
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