Retaining great engineers can be hard. Here are the ten company habits that make employees choose to stay, even when other options are available.
Despite all the perks contemporary tech companies are offering their employees, many are still suffering from high turnover. The fancy offices, the comfy couches, the premium health insurance, and the inflated salaries don’t seem to be enough. The demand for talented techies is still increasing in our information age, and is expected to rise in the US by 22% between 2020 and 2030, according to the US Bureau of Labor Statistics.
So, how can companies retain their most valuable capital nowadays – their information workers?
In The 8th Habit, Stephen Covey talks about the four dimensions of an information worker (= human being), which translate into four main needs:
- Physical needs: shelter, food, etc…
- Emotional needs: a sense of security, belonging, love, etc…
- Mental needs: learning and evolving
- Spiritual needs: values, meaning, purpose, a just cause, etc…
While no one can deny the attractiveness of high salaries and fancy perks, it is crucial not to forget the other core dimensions.