Strategies to Retain the Best People There’s an escalating shortage of tech talent, with hiring companies becoming increasingly competitive in the job market. Therefore, holding on to your most talented tech employees is essential. When great people leave, it leads to reduced productivity, loss of institutional knowledge, lower employee engagement, and higher workplace stress. Studies have also shown that it costs you between six and nine months of salary to replace an employee who leaves. Losing your tech talent to your competition is expensive – and hard to replace. As long ago as 2016, the President & CEO of Harvey Nash, Bob Miano, was quoted by Wall Street Journal as saying, “The major growing problem for CIOs is securing tech talent, despite the availability of great ideas.” You want to retain your best tech staff. Understanding why your people may leave will help you put in place strategies to stop…