In Part I, we discussed how to hire top IT professionals and engineers. In this Part II series, we will further discuss how to retain the top hires.
Hiring a top talent has its own challenges, but retaining top performing talents would be even more challenging. Here are some points to ponder on employee retention:
Many companies make the mistake of keeping their staff isolated, for which they often pay dearly. When employees feel left out, it becomes easier for them to entertain the idea of looking for other opportunities. So, whenever possible include them in the decision making processes that could affect the company, specifically their team. In fact, good engineers are usually quite opinionated, and they want to be listened to. So, allowing them to make some calls and express their opinions won’t only make them happy, but also benefit you with valuable insights.
Micromanaging your employees could lead to a dysfunctional team. If you have the right people in your team, they understand what should be done to come up with very creative solutions to existing and future problems. As a team leader or a manger, let your team know what the desired result should be (or the problem you want resolved) and allow your engineer to come up with the best solution. Avoid the temptation to tell them how the problem should be resolved. Instead, ask for their input. Such autonomous environment will make employees feel that they are valued, are in charge, and empowered. This way of management will increase your employee satisfaction significantly.
Flexible Work Hours
Job satisfaction and comfort have become the top priorities for employees today, while bonuses and other monetary perks are gradually losing their charm. So, as long as you can ensure that your IT staff gets to work in a comfortable environment and enjoy flexible work hours, you won’t have to worry about retaining them. Engineers working collaboratively with offshore teams might need to work outside of typical 9 to 5 hours. Flexible hours will allow employees to have the perfect work/life balance.
Actively Listening and Giving Praise
Listening to your employees, and showing appreciation for their good work can go a long way. Recent studies have proven that recognition that comes from executive level management can have a powerful impact on their employees.
Other ways of attracting and retaining employees are: investing in training, providing access to new technologies, offering free perks (like weekly lunch, gym, promoting from within the company, and providing competitive compensation package).