We are currently experiencing unprecedent demand within the technology industry with organisations find it difficult to identify and hire talent as well as their own talent being approached with multiple opportunities every day. For this reason, along, organisations need to look carefully at how they are managing and retaining the talent they already have!
Should this not be the highest priority, given that when top talent leaves it can mean that:
- The skills and knowledge gained by your talent when working for you, disappears when they leave
- Losing talent can be damaging to the team dynamics and morale
- Hiring new talent to replace those that leave, can be difficult, and requires training and development
- It can be expensive to an organisation when there is a high turnover of talent
- Other organisations will benefit from the training and development of your talent hat leaves
To help protect your organisation from losing top talent, there are several things that can be considered when looking at how to keep your employees.
- Recognition and employee programs are in line with the organisation’s values
- Give talent the opportunity to provide feedback, including areas of improvement – to let them know that what they think, matters
- Establish health and well-being programs
- Offering work from home and flexible working conditions