6/19/2023 0 Comments Attrition rate it industryQuestions about career advancement, office culture, workload and more should all be on the table. Here are five ways to address employee attrition and retention in this complex labor market. We have a lot more on the subject as well take a look at our e-book on Mastering the Employee Experience, or our 10 HR Strategies For the Retention Crisis piece, as told by experts from many of the industries we discussed above. What are the reasons for the high attrition rate in tech? As of January 1, 2022, Illinois enacted a law strictly regulating noncompete contracts. Thesebusinessestendto haveseasonal spikes, so they employmuch of their workforce on a short-term, contract basis. A great onboarding experience is quick, informative, and teaches about more than just daily tasks and industry practices. Is a high attrition rate a given and something that HR departments should accept? Let your candidates feel what it's like to be in the driver's seat. How does big data help to find the skills of the future? The technical storage or access that is used exclusively for anonymous statistical purposes. 55% of tech workers cite benefits as a major deciding factor when they consider an offer in a report published by Hired. If you dont address high employee turnover, it will have a negative impact on your business. There would be a possible scope for internal promotions and career development opportunities. ![]() Listen to the new episode of the KPMG Digital Hub podcast to find out. Interestingly, tech employees report team and company culture as a nice to have a reason to stay but not a reason to leave. Don't be afraid to ask workers about their passions and pursuits outside of their specific area of specialization. ![]() Today's most qualified tech professionals are looking for more than everyday office perks.
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