According to the latest HR news, retaining employees is becoming the call of the hour. Various researches conducted have shown the correlation between employee retention and turnover. Tech companies usually invest a lot in training tech employees, due to which retaining them is very crucial for the organization.
Retaining top employees when there are so many trendy startups and tech giants like Google and Apple has become increasingly difficult (Tabini, 2016). Fostering the right work environment will definitely help you increase your employee engagement and retention. Read the following tips that will help you retain the very best tech talent.
Discover what makes you unique
Find out what makes your company’s culture different from other tech companies. Not only will these points of differentiation help you attract talent but will also help you retain the right tech employees. Actively promote your work culture to both existing and prospective employees.
Set up a plan with your tech talents for their career path
No person would like to feel like they are headed nowhere. Top performers would always want to advance, feel challenged and grow along with the organization. If they are able to accomplish their goals within your organization, chances are that they may not want to look for a job elsewhere. Hence it is important for companies to chalk out a well thought out plan that offers career development in the tech areas that they are interested in (Half, 2017)
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Listen closely to your top tech talent
It is important for companies to create an environment that fosters open feedback. Giving your employees a voice and encouraging them to express their opinion will help them become less frustrated about their job. Along with this, it is also important to provide your tech employees with updated software programs, robust networks and better security systems to keep them happy. Understand their requirements and make sure to take the necessary steps to fulfil them.
Develop an employee appreciation strategy
According to a popular saying “money cannot buy everything”. Companies need to realize that providing excellent salary packages and bonuses may help to retain your employees to a certain extent. However, it is not enough. Appreciating employees for their efforts can go a long way in motivating them. Organizations need to prepare an employee appreciation strategy that helps you retain your employees.
Maintain an effective HR department
HR is considered as a medium between employees and the organization. They are responsible for creating trust between employee and employer. Company HR can set up portals that allow employees to communicate and share their issues or problems. The HR department can then take the necessary steps for bridging the gap between the employees and employer.
Technology recruiting market is growing at a rapid pace giving tech professionals the upper hand in the job market. Due to this, it is important for tech companies to focus on their employee engagement and retention strategies in order to increase their turnover.
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- Tabini, M (2016) “6 Ways To Retain Your Tech Talent” Workforce [online] available from: http://www.workforce.com/2016/09/27/6-ways-retain-tech-talent/ [accessed February 2018]
- Half, R (2017) “4 Simple Retention Strategies to Keep Top Tech Talent” available from: https://www.roberthalf.com/blog/management-tips/4-simple-retention-strategies-to-keep-top-tech-talent [accessed February 2018]