It’s no secret employee retention is correlated with employee satisfaction. More than ever, organizations are putting greater emphasis on retention efforts to curb staggering turnover rates through this era of the Great Resignation. In 2021, nearly 4 million people quit their jobs every month, which is the highest average on record.
The cost of employee turnover is high and even more prevalent in the tech industry, according to SHRM. A 2019 study indicated that tech is one of the top five industries experiencing turnover, and replacement costs can go as far as doubling the amount of an employee’s salary.
So, what can you do to keep employees? Here are four employee retention ideas to help you retain IT talent.
4 IT Employee Retention Techniques
Desirable benefits and compensation are table stakes to stay competitive and retain employees. Beyond pay, a comprehensive employee engagement strategy can help your IT pros feel valued and stay motivated.
The following techniques can improve employee satisfaction and reduce the risk of burnout and turnover.
Create Employee Engagement Opportunities
When you proactively foster positive working relationships among co-workers, you’ll see increased productivity and retention.