Retaining Staff in Highest-Paid Technical Jobs
Do your employees in your highest-paid technical jobs keep leaving? Perhaps your organization hires for roles such as design engineers or systems engineers. Finding talented employees for these roles is only half the challenge. Once you have locked in talent for your vacant role, you then need to retain them.
According to SmallBizGenius, top talent is hired by recruiters within 10 days. As such, many talented and high-paid jobseekers have the upper hand in recruitment. To stop your new talent from being snatched up by your competition you will need to review your hiring process and look at how you can better retain your staff in your highest-paid technical jobs.
Stop Throwing Money at the Problem
One of the biggest misconceptions hiring managers can have about attracting and retaining talent for their highest-paid technical jobs is that they need to offer more money.
You should look at how much you are offering for your role and ensure it is fair for the responsibilities the employee will take on.
For example, according to the Bureau of Labor Statistics, the average salaries for design engineers and software engineers are $88,430 per year and $105,590 per year respectively. When hiring for these kinds of roles you can look to this average as a good baseline of what to offer. However, offering more than the average will not necessarily help you keep your new hire.
According to one survey, 56% of employees value a good workplace culture as more important than having a high salary. Many workers consider a company’s culture before they apply for a position, and for many high-paid workers in technical jobs, job satisfaction and being in a positive work environment is more important than having a little bit extra in their pay check, which brings us on to the next point.
Is Your Staffing Agency Bringing You Employees Who Match Your Culture?
Company culture is a powerful aspect of recruiting. A good culture helps you to attract top talent, keep up staff morale, and build a positive work environment for your staff. You have likely worked hard to foster a company culture that you are proud of and therefore it should be a major factor in your recruitment process.
When using a staffing agency, you need to ensure they fully understand your corporate culture. Yes, you need candidates that are technically skilled and able to take on the role, but they also need to fit in at your company to ensure that they are happy at their job and that you can retain your staff.
A candidate that is a good fit for your company culture will have beliefs and behaviors that align with the core values of your company. A candidate that is a good cultural fit will be more engaged in the work your company does and you will therefore find it easier to retain them.
Hiring for Your Company Culture
Employee turnover is costly. Hiring staff in your highest-paid technical job for company culture is something that can help your company bring down these costs.
Bringing on employees that don’t fit in well with your existing or desired culture can create a toxic work environment and lead to less productivity or eventually to the employee leaving. This leads to high turnover and high costs.
A study by Radford University found that workers who mesh with their company, colleagues and superiors have higher levels of job satisfaction, and are more likely to remain in the same company for longer periods of time.
To Sum Up
Finding a good staffing agency that will help you find candidates for your highest-paid technical jobs based on your company culture can dramatically help you improve retention for these roles. Job satisfaction and a positive work environment lead to more productive employees, and company culture is often rated as of higher importance than salary for many job seekers.
To find the best candidates for your high-paid technical roles, contact Loyal Source.