Connect with us


What makes developers happy – 7 things i learnt from the DHI



Consequences of Developer Happiness

Every CEO who leads a company that has something to do with Digitization is dependent on the availability of tech talent and tech recruiting — making it a key factor for the companies success. It is a contested market due to the lack of skilled workers. To get the best developers, you need to attract them with what really matters to them. Here are seven things I learned about software developer happiness.

What makes software developers happy?

I’ve spent a lot of time thinking about that question over the last five and a half years. Happiness is a fascinating subject; it drives so many of our life outcomes, from health to wealth, and yet, we often don’t understand it, let alone prioritize it.

To give more weight to the topic, we asked 4,000 developers from 98 countries to evaluate their happiness across four key areas: career, quality of life, social freedoms and community.

And so the Developer Happiness Index was born. Here are just seven of the things I learned about developer happiness from working on the report.

Happiness affects a lot for developers — even their code quality

Believe it or not, developer happiness is an academic field of study, a small niche within the broader study of happiness. Through scholars’ work, we know that happy software developers are more productive, write better code, and make better decisions.

Whatsmore, their sense of self is positively impacted: increased motivation and accomplishment, higher creativity, engagement, and self-confidence are all results reported from greater happiness. By contrast, unhappiness causes low cognitive performance, mental unease or disorder, low motivation, work withdrawal and broken flow.

Our results found that developers, on average, self-evaluated their happiness at 61 points out of a potential 100, 4 points less than the average OECD citizen. Hard to say if the comparison is fair, given the different data sets, but it suggests developers are not yet prioritizing their happiness.

Unemployment is destructive to people’s wellbeing

Since we spend a lot of our lives working, work inevitably plays a key role in shaping our happiness levels: work can make us happy or unhappy and our happiness impacts our performance.

What is perhaps less appreciated is that unemployment itself is destructive to people’s wellbeing. This is one of the most robust findings in the study of happiness — it is true across age, gender, and location, according to the World Happiness Report.

Employed people are happier and have less negative emotional experiences in their day to day lives. Further, non-monetary aspects of employment, such as social status, social relations, daily structure and goal achievement, are key drivers of happiness.

Developers in Northern Europe are the happiest in the world

We found that developers from Northern Europe are the happiest in the world. Nordic countries dominate the rankings: Denmark, Norway, Finland, and Sweden all occur in the top ten. Canada ranks joint 8th with Germany and is the only non-European among the top.

Developers on northern Europe are the happiest in the world.

Note: Due to a lack of data, we could not include other regions in the report

Given our sample’s limitations, we compared the findings to the World Happiness Report 2020 (WHR) to check for veracity. Our results are fairly consistent with the report — seven of the top 10 countries are shared across both sets of data. Germany, Canada, and France, which rank 8th, 9th, and 10th in our results, appear 17th, 11th and 23rd respectively on the World Happiness Report. The dominance of the Nordics in both reports is a striking similarity.

Nine of the top ten countries with the happiest developers are in Europe

The World Happiness Report attributes the Nordic populations’ happiness to “the quality of institutions, such as reliable and extensive welfare benefits, low corruption, and well-functioning democracy and state institutions.” Indeed, sustained happiness is connected to a high perceived level of stability and democracy.

Relationships and personal autonomy are also important factors moderating happiness. According to the WHR, “Nordic citizens experience a high sense of autonomy and freedom, as well as high levels of social trust towards each other, which play an important role in determining life satisfaction.”

Stability and well-functioning institutions combined with personal freedom, safety, and autonomy seem to be the recipe that determines happiness in the countries which top both our index and the WHR.

Work-life balance matters most for developer’s happiness

Across all 20 happiness indicators, work-life balance is the most important predictor of developers’ happiness. Work-life balance for developers is not simply about shorter working hours — though that does help.

Northern European developers, who work the shortest hours, are also the happiest. However, Western Europeans and North Americans, who are second and third most happy respectively, work longer hours — significantly longer in the case of Americans.

Developers in Northern Europe are the least likely to work long hours

Trust and flexibility are big contributors to the developer’s happiness with work-life balance. Northern European cultures excel in collaboration, consensus-based decision-making and strong trust between colleagues.

To maintain happy developers, we found it essential to promote a healthy work-life balance and live it. Employers should train and encourage supervisors to be positive role models and offer practical and emotional support in work-life balance topics.

How can managers support Work-Life Balance for developers?

Team, management and recognition are keys to happy workplaces

Given the collaborative nature of software development, it’s no surprise that developers care deeply about the team they’re on. When describing happy work environments, team, management and recognition were the factors that matter most to developer happiness.

Top contributors of positive work environment for developers

Developers say they want to be part of “passionate,” “diverse,” “cooperative,” and “supportive” teams. They expect responsibility to be shared, team members to be open to knowledge-sharing and product colleagues to be process-driven and focused.

Engineering’s relationship with Product can fuel productive, creative solutions or developers can see it as a major obstacle in building stable and valuable products. Collective responsibility and high trust – not just amongst engineers, but among the broader team – is desired by many:

“I value respect among co-workers and owning up to failure as a team rather than pointing towards a specific person or department. For example, not blaming just the QA team for a site-breaking bug making its way to production since multiple failures by multiple parties need to occur for this to happen.”

Management and recognition were also sticking points for developers in our survey. Developers state that they would “rather work for a good manager but use a bad tech stack” than vice versa; “poor management can make people change jobs or give up altogether,” and “the pay is decent, the tech stack is lacking, but my manager does not inspire or promote progress, so I am leaving.”

How to show Appreciation

Female developers are happier than male developers — but they still get paid less

Female developers are happier than male developers overall. They are also more satisfied than male developers with their salaries. This is even though they are paid significantly less than their male counterparts.

We found evidence of the gender pay gap in all territories for which we had sufficient data. The largest pay gaps are in North and South America, where the difference between male and female developers’ pay is 21% and 35%, respectively.

The gender pay gap for software developers is the largest in North and South America

Ageism in tech starts at 29 and the older developers get, the less happy they are

The older a developer is, the less happy they tend to be, particularly in factors related to the working environment and company culture.

Developers with more coding experience are unhappiest with their work environment and culture

Perhaps not surprising since much of tech company culture is built around younger groups. According to research, the average age that tech professionals begin experiencing ageism is at 29 years old, compared to 41 years old on average across industries.

At what Age do people start to experience ageism at work?

Top Image Credit: yan; pexels

Emma Tracey

Born in Dublin. Worked as a journalist in Colombia and Ghana before founding Berlin based Honeypot in 2015. Honeypot is now Europe’s largest developer focused job- and community platform.


Fintech Kennek raises $12.5M seed round to digitize lending



Google eyed for $2 billion Anthropic deal after major Amazon play

London-based fintech startup Kennek has raised $12.5 million in seed funding to expand its lending operating system.

According to an Oct. 10 report, the round was led by HV Capital and included participation from Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and Syndicate One. Kennek offers software-as-a-service tools to help non-bank lenders streamline their operations using open banking, open finance, and payments.

The platform aims to automate time-consuming manual tasks and consolidate fragmented data to simplify lending. Xavier De Pauw, founder of Kennek said:

“Until kennek, lenders had to devote countless hours to menial operational tasks and deal with jumbled and hard-coded data – which makes every other part of lending a headache. As former lenders ourselves, we lived and breathed these frustrations, and built kennek to make them a thing of the past.”

The company said the latest funding round was oversubscribed and closed quickly despite the challenging fundraising environment. The new capital will be used to expand Kennek’s engineering team and strengthen its market position in the UK while exploring expansion into other European markets. Barbod Namini, Partner at lead investor HV Capital, commented on the investment:

“Kennek has developed an ambitious and genuinely unique proposition which we think can be the foundation of the entire alternative lending space. […] It is a complicated market and a solution that brings together all information and stakeholders onto a single platform is highly compelling for both lenders & the ecosystem as a whole.”

The fintech lending space has grown rapidly in recent years, but many lenders still rely on legacy systems and manual processes that limit efficiency and scalability. Kennek aims to leverage open banking and data integration to provide lenders with a more streamlined, automated lending experience.

The seed funding will allow the London-based startup to continue developing its platform and expanding its team to meet demand from non-bank lenders looking to digitize operations. Kennek’s focus on the UK and Europe also comes amid rising adoption of open banking and open finance in the regions.

Featured Image Credit: Photo from; Thank you!

Radek Zielinski

Radek Zielinski is an experienced technology and financial journalist with a passion for cybersecurity and futurology.

Continue Reading


Fortune 500’s race for generative AI breakthroughs



Deanna Ritchie

As excitement around generative AI grows, Fortune 500 companies, including Goldman Sachs, are carefully examining the possible applications of this technology. A recent survey of U.S. executives indicated that 60% believe generative AI will substantially impact their businesses in the long term. However, they anticipate a one to two-year timeframe before implementing their initial solutions. This optimism stems from the potential of generative AI to revolutionize various aspects of businesses, from enhancing customer experiences to optimizing internal processes. In the short term, companies will likely focus on pilot projects and experimentation, gradually integrating generative AI into their operations as they witness its positive influence on efficiency and profitability.

Goldman Sachs’ Cautious Approach to Implementing Generative AI

In a recent interview, Goldman Sachs CIO Marco Argenti revealed that the firm has not yet implemented any generative AI use cases. Instead, the company focuses on experimentation and setting high standards before adopting the technology. Argenti recognized the desire for outcomes in areas like developer and operational efficiency but emphasized ensuring precision before putting experimental AI use cases into production.

According to Argenti, striking the right balance between driving innovation and maintaining accuracy is crucial for successfully integrating generative AI within the firm. Goldman Sachs intends to continue exploring this emerging technology’s potential benefits and applications while diligently assessing risks to ensure it meets the company’s stringent quality standards.

One possible application for Goldman Sachs is in software development, where the company has observed a 20-40% productivity increase during its trials. The goal is for 1,000 developers to utilize generative AI tools by year’s end. However, Argenti emphasized that a well-defined expectation of return on investment is necessary before fully integrating generative AI into production.

To achieve this, the company plans to implement a systematic and strategic approach to adopting generative AI, ensuring that it complements and enhances the skills of its developers. Additionally, Goldman Sachs intends to evaluate the long-term impact of generative AI on their software development processes and the overall quality of the applications being developed.

Goldman Sachs’ approach to AI implementation goes beyond merely executing models. The firm has created a platform encompassing technical, legal, and compliance assessments to filter out improper content and keep track of all interactions. This comprehensive system ensures seamless integration of artificial intelligence in operations while adhering to regulatory standards and maintaining client confidentiality. Moreover, the platform continuously improves and adapts its algorithms, allowing Goldman Sachs to stay at the forefront of technology and offer its clients the most efficient and secure services.

Featured Image Credit: Photo by Google DeepMind; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

Continue Reading


UK seizes web3 opportunity simplifying crypto regulations



Deanna Ritchie

As Web3 companies increasingly consider leaving the United States due to regulatory ambiguity, the United Kingdom must simplify its cryptocurrency regulations to attract these businesses. The conservative think tank Policy Exchange recently released a report detailing ten suggestions for improving Web3 regulation in the country. Among the recommendations are reducing liability for token holders in decentralized autonomous organizations (DAOs) and encouraging the Financial Conduct Authority (FCA) to adopt alternative Know Your Customer (KYC) methodologies, such as digital identities and blockchain analytics tools. These suggestions aim to position the UK as a hub for Web3 innovation and attract blockchain-based businesses looking for a more conducive regulatory environment.

Streamlining Cryptocurrency Regulations for Innovation

To make it easier for emerging Web3 companies to navigate existing legal frameworks and contribute to the UK’s digital economy growth, the government must streamline cryptocurrency regulations and adopt forward-looking approaches. By making the regulatory landscape clear and straightforward, the UK can create an environment that fosters innovation, growth, and competitiveness in the global fintech industry.

The Policy Exchange report also recommends not weakening self-hosted wallets or treating proof-of-stake (PoS) services as financial services. This approach aims to protect the fundamental principles of decentralization and user autonomy while strongly emphasizing security and regulatory compliance. By doing so, the UK can nurture an environment that encourages innovation and the continued growth of blockchain technology.

Despite recent strict measures by UK authorities, such as His Majesty’s Treasury and the FCA, toward the digital assets sector, the proposed changes in the Policy Exchange report strive to make the UK a more attractive location for Web3 enterprises. By adopting these suggestions, the UK can demonstrate its commitment to fostering innovation in the rapidly evolving blockchain and cryptocurrency industries while ensuring a robust and transparent regulatory environment.

The ongoing uncertainty surrounding cryptocurrency regulations in various countries has prompted Web3 companies to explore alternative jurisdictions with more precise legal frameworks. As the United States grapples with regulatory ambiguity, the United Kingdom can position itself as a hub for Web3 innovation by simplifying and streamlining its cryptocurrency regulations.

Featured Image Credit: Photo by Jonathan Borba; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

Continue Reading

Copyright © 2021 Seminole Press.