The software development sector has been evolving and growing, widening the gap in employee skill sets. A survey of leading technology companies revealed that nearly 65% of them struggled to hire the right candidate. This gap has increased from 59% in 2019 and is expected to grow further as organizations look for a remote workforce in this segment.
Here is one of those employee retention articles that offer simple tips for employee retention.
For technology companies to succeed, they must close any gaps in skills required. Often, attritions lead to team leaders scouting for talent externally, resulting in time-consuming and expensive projects that suffer and get delayed. A better option is to invest in the existing developer team and train them for missing proficiencies.
Employee retention in 2022 tips – implement up-skilling among current employees.
Encouraging up-skilling among the existing team is among the excellent employee retention strategies to motivate them for their career development. Personalizing individual requirements for skill training sessions will help the company know individual aptitude and proficiency. This approach also helps increase employee satisfaction and loyalty to the organization.
Employers can also look for new technologies in the software development field. This proactive approach benefits both the employer and employees. Online training is flexible and helps employees balance their day-to-day job training.
Reduce attrition
In 2021 around 25% of professionals quit their jobs voluntarily, costing companies up to two times their salary. Besides the money, companies lose out on the employee’s experience and soft skills. The team morale also gets affected, and replacements are also time-consuming. Surveys show that most employees want to stick around their present company and are ready for up-skilling.
If organizations do not provide the opportunity for growth and resources for up-skilling, employee retention becomes challenging as individuals start looking for a new job or leave.
Practice smart hiring
If there are still gaps even after training, one can consider working with offshore software development companies where one can get access to a larger talent pool and at a lower cost. A strong workforce helps a business stay on top of the latest technology and provides a sharp edge over the competition.
Conclusion
The best and easy way to retain employees is to focus on the skill gaps, especially in the technology sector. Once the company has a good employee retention program, it can rethink hiring practices and select developers judiciously.
