In the tech industry, turnover is at 13.2 — a higher rate than any other industry. The competition for software developers is fierce, and employers also have trouble keeping the employees at their organizations, given how in-demand these professionals are. Even at top tech companies like Dropbox, employees stay for just slightly over 2 years on average.
But employers in a variety of fields need talented software developers — and they want to retain them for the long haul. So, how can they do it?
Why Is Attracting and Retaining Talent so Important?
Whether they realize it or not, the vast majority c level contact list of businesses are actually tech companies. In order to build competitive products, they must have skilled software developers, employees with experience, and strong competencies in their particular industry and niche. Given the ever-changing landscape and fast-moving trends, they must also be able to keep up and help their organizations stay ahead of the curve.
When employers are unable to retain talented software developers, their businesses can suffer, too. It can be exceedingly difficult to replace them, costing the organization in terms of efficiency, productivity, and money. It can also weaken the overall company culture if turnover is frequent, while other employees could be quick to follow suit.
Strategies for Attracting and Retaining Software Developers
1. Offer Competitive Compensation Packages
We’ll start with the obvious: You must why now is the perfect time to strengthen network security offer competitive compensation packages to software developers. These are in-demand professionals who are almost certainly fielding offers from other businesses. And while money isn’t the only consideration, it’s an important one nonetheless — one that could mean the difference between a candidate accepting an offer or not.
But salary isn’t the only part of a compensation package to consider. Many startups and other tech businesses offer equity, a portion of the company’s stock options or shares. This can be enticing when offered by up-and-coming organizations.
2. Hone Your Recruitment and Hiring Process
Your recruitment process is what will vietnam data land you the top talent among software developers, and it requires careful planning, honing, and refreshing. Start with your job posting. While you should, of course, optimize it with important keywords, this is only part of the process. You also need to motivate software developers to apply by being specific and describing the values your organization has and the opportunities they will have.