Technology is advancing at an impressively rapid rate. Today, more companies than ever before rely on technology. Whether it's software, robotics, cybersecurity, or contactless experiences, technology is powering the world like never before - and subsequently, employment in the sector is expected to grow 15% from 2021 to 2031.

Working in technology has many advantages. Firstly, you’re working at the cutting edge of innovation - constantly leading the way and adapting as tech evolves. Secondly, technology is - ultimately - a portable career. The range of job roles and industries that fall under the tech umbrella is considerable - and with high demand comes competitiveness, often signaling high salaries and the ability to travel with work.

24% of bleisure travelers work in technology, IT, and software. Perhaps surprisingly, the tech industry is no stranger to travel - and many roles within the sector require relocation and traveling for business.

Here, we look at how specialist housing providers can benefit employees in the technology industry, and why travel managers should work with an all-in-one booking platform they can trust.

Why do tech workers relocate?

Today, it’s not just Silicon Valley which is considered the ultimate tech hub. With fast-emerging competitors like Austin, Chicago and Nashville also recognized as go-to tech cities, employees in the industry have choice - and they’re in high demand.

How do tech companies ensure they attract the best talent in the industry? Many are offering appealing relocation packages to draw tech workers out of the ‘superstar’ locations - otherwise known as the tech exodus.

What does the research say?

Recent research by BCG (which surveyed more than 1,000 workers who had relocated to major tech hubs) revealed some interesting finds:

• More than three-quarters of respondents said they relocated within seven years of entering the digital workforce
• Relatively few relocations were initiated by the workers themselves or by their friends, families, or local governments
• Relocating enabled more than three-quarters of respondents to boost their pay by more than 50%
• 36% of respondents globally said they relocated to pursue jobs at a specific company
• Most tech migrants viewed their move as temporary, lasting no more than five years

The industry workforce is clearly prepared to relocate - but it’s a travel manager’s job to ensure their move goes as smoothly as possible. Here’s how specialist housing providers can help.

How can specialist housing providers help?

1. Safety and security are paramount

Moving to a new location is daunting - and as a company, you have a duty of care to ensure relocating tech employees are safe and secure at all times. Using a specialist housing provider, such as 3Sixty, gives peace of mind.

All properties are fully vetted and compliant, and the supply chain is swept weekly for any red flags that may jeopardize the safety or security of employees. If a red flag is detected at a property, it will be automatically pulled from the list - ensuring employees only ever have access to safe, secure and compliant housing options.

2. Employees want choice and flexibility

As we said, tech workers are in high demand - therefore, many have the luxury of choice when relocating. Rather than providing a standard property, give them the freedom and flexibility to choose themselves. Using a booking platform specifically tailored to the needs of employees allows them to pick from a range of accommodation options curated to suit their individual requirements.

Giving tech workers the freedom and flexibility to choose accommodation that suits them could be the difference between them moving or staying in their current location.

3. They also want somewhere that feels like home

Whether tech migrants view relocation as permanent or temporary, it’s important that they feel comfortable and at home in their new destination. When you book employee accommodation through a trusted booking platform like 3Sixty, you can be confident that each property is curated to make employees feel at home, even when they’re not.

Our HomeMatch™ Technology works hard behind the scenes of every search to connect employees with housing options that suit them - and all the home comforts, from pots and pans to linens and towels, are covered.

4. Employers can uphold their duty of care requirements

For employers, booking employee accommodation through a marketplace like 3Sixty is a win-win. Part of a company’s duty of care is knowing where their traveling employees are at all times, in case of an emergency or threat to their safety.

At any time, employers can view check-in and check-out times, lease agreements, location and the safety status of the properties their employees are staying in, ensuring they always have the most up-to-date information should an emergency arise.

Key takeaway

It’s not uncommon for tech workers to relocate for a new job or to work for a specific company. But, one thing’s for sure: they are in high demand, so they have the luxury of choice. For employers reassessing their relocation policies following the tech exodus, it pays to use a trusted and reliable accommodation booking platform, such as 3Sixty. Not only does it give employees the freedom to choose their housing, but it gives employers ultimate peace of mind and control.

3Sixty

3Sixty, the business travel industry’s most secure and intuitive accommodation platform, helps employees to book and manage their stay in over one million quality, cost-effective rooms, and properties around the world.