Get to know how to build a corporate culture that minimizes employee turnover. We will also provide some examples of activities applied in IT companies that have been struggling with talent shortages for years now.
Great Resignation – what is it?
Mass job exit has made a name for itself – today, many companies around the world are facing the Great Resignation (also known as Great Quit and the Great Reshuffle), a wave of employee exit.
According to a study by Deloitte, almost 93% of respondents decide to quit jobs due to the lack of development opportunities. Other important factors are, among others, inefficient processes or inadequate remuneration. The situation is not optimistic. 50% of the workers surveyed intend to change jobs within the next six months and 25% within three months. See how you can retain employees and minimize the risk of leaving.
How to stop it? 5 activities from the tech industry
The IT industry has been struggling with talent shortages for many years now. The most in-demand programmers, data science specialists, cloud engineers, and QAs receive new employment offers every month.
In such a situation, it becomes increasingly difficult to stop Great Resignation when so many companies offer attractive benefits. Although this is a hard process that requires reorganization of the corporate culture, the challenge is worth facing. Here are some of the best practices from the software development industry that you might find useful.
Ensure development opportunities
For programmers who need to keep up with technological innovations, personal development is essential to carry out state-of-the-art projects. Striving for development and need to expand skills is essential for all of us to avoid routine. Researchers say that positive challenges increase oxytocin levels, which, in turn, helps build trust and positive sentiment in a workplace. Enabling development means not only training and certifications opportunities, but also allowing for decision-making and encouraging employees to step outside their comfort zone.
See the power of self-organization
As the saying goes: employees leave managers, not companies. Today, management methods focus on teamwork and do not distinguish such role as a boss.
IT teams that use agile methodologieslike Scrum, achieve better results than those that are constantly controlled by the boss. This is because self-management promotes engagement and fosters building relationships. A good team in which you work well, as well as feel supported and appreciated, is not so easy to leave.
Build a culture based on Diversity & Inclusion
It is also important to build an organizational culture in which everyone is included. Diversity improves creativity and allows teams to look at tasks from different perspectives – thus – work out better ideas and constantly grow. IT companies strongly promote this approach and encourage all people to apply for technical jobs, such as programmers, testers, project managers or team leaders.
Show vulnerability
When Brené Brown gave her speech called “The power of vulnerability” at the TED Talk, the concept presented might have been revolutionary for many bosses. Letting go of control, emotional exposure, showing weakness – all this seems to be the opposite of professionalism. In turn, many new studies show that it is worth remaining open and natural in the working environment. Efficient communication, networking and keeping cameras on during video conferencing can make this task easier.
Offer the most precious benefit – flexibility
Over 50% of respondents in the Deloitte study reported that they work at least one hour longer from home than in the traditional model. Flexibility today is believed to be the most important, if not the major benefit enabling work-life balance. This is particularly essential now, when so many workers complain about raising stress and time pressure.
Involve employees
Building a committed and eco-aware organization, with the CSR strategy in place, can help attract and retain people who want to participate in non-professional initiatives. Fundraising for charities, setting up city beehives, planting trees, or supporting shelters are just some of the many activities undertaken by IT companies that help build a better organization in any industry.
