Finding talented candidates is a struggle that IT employers frequently encounter. But there is another, lesser-known issue that is causing big problems in the IT industry: employee turnover. According to a 2018 turnover report from LinkedIn, IT has a turnover rate of 13.2%, which is the highest of any modern industry. This is leaving tech companies of all sizes scrambling to find new candidates to fill vacant roles, and spending billions of dollars in the process.
The best solution, however, may not lie in replacing employees that jump ship but rather making changes to your organization that will make them want to stay aboard. Here are a few of the big reasons why IT professionals leave their jobs, and some solutions that will make them want to stay:
Lack of Clear Career Advancement Opportunities – The huge influx in demand for talented IT employees in recent years means that our best workers are always being sought after by competing companies. If those companies can provide them with clear plans for how they’ll be able to advance in their career, and you haven’t communicated such a plan, that’s a huge motivating force for them to accept a new position. To encourage employees to remain in your company, work with your team leaders to devise clear and practical roadmaps for how your employees might be able to climb the ladder of success within your company.
They Are Being Overloaded With Work – One of the major reasons why employees leave a position is because they’re overworked for an extended period. This typically is indicative not so much of an employee’s capabilities but rather of the awareness and leadership skills of their managers. As leaders in the field, the responsibility falls on us to delegate tasks appropriately and realistically to our teams. This includes remaining conscious of employees’ workloads and taking steps to lighten them if we can see that someone is overwhelmed.
They Are Not Being Acknowledged by Leadership – Failing to acknowledge someone’s successes or even to provide honest feedback now and again is one of the surest ways to make an employee feel alienated and unimportant. If this is kept up, and someone continues to have his or her efforts seemingly ignored or taken for granted, you can be sure they will fairly quickly start looking into other opportunities that can offer more supportive work environments. Taking the time to provide feedback and recognize an employee’s contributions, on the other hand, can go a long way towards making them feel like an important part of the team.
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At RightStone, we’re working with IT candidates and top employers to make connections that last. To learn more about how to get connected with top talent, we’re here to help.