The top 3 Ingredients used to Retain Tech Talent

We`re living the in 21st century, a time where IT professionals are in high demand by employers and that’s the recipe for an increasingly competitive market. We’re living in a time where five generations of employees are sharing office space, but employers are still in need to start humanizing their workplace, and that can be achieved with the help of the tech-savvy millennials today.  So how do we retain this tech talent?

Simple: Build a supportive work environment, help employees excel in their careers and finally, provide a competitive compensation package.

Work environment:Image result for work environment

Millennials are hard to satisfy, especially with a boring work environment that doesn’t fulfill their needs. As Forbes mentions, that`s where the innovation or the “Go big and innovative“ come into play. This is a generation that likes working from home, spending time with family and showing off their competitive skills within the workforce.  This is the point where millennials prefer working in an innovative work-space, mainly developing a culture that respects the employees’ life and family. Employers should be offering their employees job security, through the provision of flexible work schedules and work-from-home options. Not only are they in need of a supportive work environment, employers need to go back to basics. Work place should be optimistic and far from toxic, which can be achieved through employee motivation and minimizing conflict when dealing with team dynamics.

Providing an opportunity for career growth:

Image result for providing an opportunity for career growth

Candidates are looking to grow in their careers, which emphasizes the idea that employers should start realizing that promotion isn’t the only way to retain tech talent within the workforce.  One of the main things these tech-savvy millennials want in a job is career growth opportunities. Employers can make this feasible through the provision of performance reviews, job shadowing as well as providing encouragement and support. Performance reviews can help employees gain some feedback, perfecting what they’re doing right and minimizing the incorrect approach. With that being said, job shadowing can enable employees to observe and gain perspective when completing tasks. Finally, encouragement and support will cause employees to perform with the best of their ability as well as increase motivation within the workforce.

Providing a competitive compensation package:

Image result for compensation package

Of course, most people aren’t motivated solely by money. However, it is still important for an employer to realize that a competitive pay is crucial for employee skill and knowledge. Employers can always step it up by incorporating performance and project based bonuses within their budget. This can help enable reward and recognize tech talent within the workforce.

Bibliography: 

https://www.forbes.com/sites/meghanbiro/2016/01/17/4-tips-for-finding-and-retaining-tech-talent/#4c5154c43425

http://cybsearch.com/why-retaining-top-tech-talent-is-more-important-than-hiring-them/

http://www.cio.com/article/2386250/careers-staffing/8-tips-for-retaining-top-it-talent.html

http://globalnews.ca/news/3349180/millennials-in-the-workplace-why-theyre-not-entirely-to-blame-for-everything/

Images: 

http://bit.ly/2oLoaSk

http://bit.ly/2oLmzvX

http://bit.ly/2pBtbyd

 

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