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  7. Best Practices for Employee Retention Within Two Years for New STEM Hires

Best Practices for Employee Retention Within Two Years for New STEM Hires

File(s)
Best_Practices_for_Employee_Retention_Within_Two_Years_for_new_STEM_Hires.pdf (45.31 KB)
Permanent Link(s)
https://hdl.handle.net/1813/112753
Collections
Executive Summaries on Current HR Topics (ILRHR 6640)
ILR Student Works
Author
Kushwawa, Martina
Mishra, Sneha
Abstract

According to a survey conducted by DigitalOcean, about “64% of software developers with less than a year of experience have left their jobs between 2020-2021”. Additionally, 32% of software developers with 1-5 years of experience have left their jobs. These resignations have impacted organizations significantly in terms of retainment and recruitment. According to a survey done by Salesforce’s MuleSoft, “93% of organizations have said [these resignations] have made it more difficult for their IT teams to retain skilled developers and 86% say it has become more difficult to recruit them in the last two years”. The demand for software developers and engineers has been constantly rising with the technological revolution of the 21st century; however, the COVID-19 pandemic has increased the demand for these employees with organizations making digital transformation a priority. While there is a high demand for software engineers and developers, organizations also face high attrition rates for these employees. This executive summary will explore best practices for employee retention within the first two-years specifically for software engineering/STEM new hires.

Date Issued
2022-12
Keywords
human resources
•
STEM
•
retention
•
new hires
•
software engineers
•
burnout
•
performance management
•
onboarding
•
career development
•
COVID-19
•
turnover
•
employee experience
•
culture
Type
report
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