Retaining your most talented employees was easy several decades ago when workers felt stuck at their jobs, a time when companies had limited vacant positions. But now, it is no longer the case. Many HR managers find it hard to keep their best AI talent.
To retain hard workers especially in the software developing field, there are a few things you can do to keep them happy. To start, try and always keep them engaged. Developers who are engaged in what they are doing tend to perform better. Make sure they are happy. Developers stay in their positions and tend to be extremely happy. The combination of pay, flexibility, independence, and job satisfaction leads to most developers being quite happy compared to people in other professions.
Some strategies companies do to keep them ahead of their competition is to create an amazing environment for their employees. Break rooms now consist of lounge chairs, pool tables, ping pong tables, video games, etc. This type of atmosphere symbolizes fun and keeps employees' minds relaxed to concentrate when they need to.
So how can you manage to hold on to your most productive employees? The process starts from the recruitment stage. To start, understand that employee retention starts with the recruitment process. It starts with narrowing down the list of applicants to those whose ideology aligns with your company’s culture. The longer an employee works for a company, the higher their productivity level.
So how do you know a loyal candidate? There are some key factors to look out for particularly on their resume. First, choose candidates with longevity with their previous employers. Avoid job hoppers as they are always bad for business growth. Picking a candidate who’s had 5 jobs in the past 3 years is a red flag.
Next, embrace diversity as part of the company’s DNA. Prioritizing a diverse workforce puts a business ahead of its competition. The recruitment process should be free of bias. A diverse workforce makes you stand out, thanks in part to the array of experience in your team.
Also, rewards and incentives help retain developers. Today’s employees want feedback on their job performance. Many expect that the company should at least pat them on the back for a job well done occasionally by giving out rewards and incentives for a job well done. This shows that you care about their welfare and appreciate their contribution to the success of the business.
Bonuses are a great way to show your employees that you appreciate their work. You don’t have to spend so much. Sending a personal message acknowledging their hard work will go a long way. Rewards and incentives such as gift cards and other financial rewards play a huge role in keeping employees engaged and happy. Other benefits include health care coverage, paid leave, flexible work schedules, and remote working policies. Some people who work for a company that offers great benefits, would rather stay with that company over getting a higher paying job. Health coverage and flexible schedules provide a great compensation.
Most companies with a flexible work schedule are more likely to attract and retain the most valuable talents. Allow employees to work from the comfort of their home at specific periods. Don’t be too strict on following the 9 – 5 working hours. Include the work from home culture and schedule online sessions for important meetings. Thanks to technological advancement, it is easier to keep tabs on workers’ productivity regardless of location. Allow your developers to work from a comfortable location.
Many valuable employees have switched jobs due to a lack of education and training from their company. Promoting an employee not only results in better financial compensation but makes him feel valued and appreciated by the company. Promoting from within goes hand in hand with ongoing support and training. This is yet another great strategy to attract and retain good developers. Ongoing training and support for employees is an invaluable investment in the company, as it helps them hone soft skills. Allow these developers to grow and offer career advancement.
Make employee education and development a part of your company’s culture and get payback in the form of a higher productivity level and a boost in loyalty for the company. Be prepared to lose your best employee if you fail to implement ongoing support and training as part of your company’s culture.
Choose a location known for it’s active, healthy lifestyle and you’ll never suffer a shortage of workers. Employees want to work where they want to play! Developers are generally sitting in front of a computer all day long. You want to give them some incentive to want to be working every day for your company. Consider the allure of a company in the foothills of the Denver metro area, such as eCommerce chatbot company Ochatbot. Employees can enjoy a mountain hike during lunch! If it is possible, pick a location with great mountain views or even a beach front. Even further into the mountains of Colorado you’ll find, GROWL agency, a digital marketing agency named one of the Coolest Companies by Colorado Inno. In addition to being one of the coolest companies, they are in an amazing location. Some of these things may be out of reach, but keep in mind that good developers can be hard to find and harder to keep. Consider the benefits of the location you choose for your company, and market that as part of the package.
Truth is, not all job positions are created with similar responsibilities. Higher education typically results in higher pay. Employee take-home pay will also be different depending on roles. The secretary will not expect to be on the same payroll as the Human Resource Manager. But, when responsibilities are similar, employees expect similar payroll. Competitive pay will boost employee’s loyalty. Implementing these policies will make employees care about their job, which ultimately translates to job retention.
To conclude, it is just as important to know how to keep good developers as it is finding one. Many companies benefit the most from their hard working employees. If you are an employer or someone who owns their own business, learning how to keep your best developers happy and paid well is generally the key to retention. If the employee is happy, their work is above expectations, and the company will always benefit.
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