The third annual UiPath survey polled 500 U.S. business executives in C-level and senior management roles at companies with more than 1,000 employees in December 2021 to understand their organizations’ investments in automation to attract and retain talent amid the Great Resignation. Let’s learn the findings of this UiPath study.
Many large organizations are trying to solve for The Great Resignation:
- 62% of executives at large U.S. companies are struggling with the current labor shortage.
- 78% of them are likely to invest or increase their investment in automation to manage through the impact of higher-than-normal turnover rates.
The most significant contributing factors for people who leave their jobs are the following:
- pressures on work/life balance (58%)
- low compensation (54%)
- lack of advancement opportunities (42%)
- 1 in 3 executives cites lack of skills training as another reason people leave their jobs.
The challenges their companies are experiencing due to the labor shortage include:
- struggling to attract new talent to take on necessary tasks (74%)
- losing skilled people to manage necessary tasks (69%)
- disrupting workflows due to higher rates of onboarding and offboarding (58%)
Automation is helping companies succeed during the labor shortage:
- 78% are very or somewhat likely to invest more in automation to offset the impact of the labor shortage.
- About 7 in 10 executives plan to increase their investment in automation tools in 2022 compared to 2021.
- 85% say that incorporating automation and automation training into their organization will help them retain employees and attract new talent.
Surveyed executives also believe automation is helping their companies perform better by:
- saving time (71%)
- improving productivity (63%)
- saving money (59%)
“The dynamics of work and the workplace continue to evolve, creating multi-faceted pressures on employers to retain employees and attract new talent. Business and technology leaders recognize automation is both a long-term strategy that maximizes the impact of their existing technology stack and a solution that helps each employee grow and succeed. The skills these workers gain in automation-first environments provide rich career opportunities in inventive workplaces.”
Bettina Koblick, Chief People Officer, UiPath