In the technology job market, turnover can be especially costly for companies due to the level of specialization required for these roles and the competition for talent.
Implementing an IT training program is a highly effective way to reduce employee turnover and retain highly skilled workers.
In this article, we will explain how a well-designed IT training program can help improve employee retention in the world of technology.
Benefits of Implementing IT Training
According to a 2021 report by consulting firm Mercer, 38% of technology companies in Latin America had problems retaining IT talent.
This is, of course, linked to a variety of factors that can influence an employee’s decision to leave the company.
According to a 2021 study by Lorman, 70% of employees stated that they are more likely to leave their job for another company that is willing to train their skills.
Let’s take a look at some of the benefits of investing in upskilling or reskilling programs to accelerate the skills of employees working in tech areas.
To achieve retention in the technology job market, it is essential to develop workers’ skills.
An IT training program can not only provide employees with the complementary skills required for their role, but also allows them to stay up-to-date with the latest trends and technologies.
According to a study by Udemy, “60% of IT employees consider skill development to be the most important factor in job satisfaction and employee retention in the technology job market.”
Sense of Belonging
The sense of belonging is one of the most difficult emotions to achieve in technology employees, and IT training can be a great ally in achieving it.
This type of training encourages employees to feel included, cared for, and that they are part of the company and that the company is investing in their professional development.
According to a survey conducted by LinkedIn, “94% of technology employees stay at a company longer when they feel that their work has a positive impact on society and the world in general.”
And that’s not to mention if the company has a positive impact directly on the lives of its employees.
Growth opportunities are a natural consequence of IT training and skills development.
One of the objectives of any employee is to climb the ranks and have a progressive and exponential career growth.
Conducting reskilling and upskilling programs in the company can allow employees the possibility of taking on new professional challenges and more ambitious projects.
Gartner published a study claiming that 70% of technology employees consider the opportunity to develop a career as one of the most important retention factors.
Attractive Work Environment
For companies to promote their employer brand and position themselves as attractive places to work, they can rely on IT training programs.
According to a Glassdoor study, “76% of technology employees consider the work environment as the most important factor for employee retention in the technology job market.”
Training, development, attractive projects, and good benefits are just some of the determining factors for retaining talent in technology.
As you have seen throughout this article, implementing IT training within your company can help you reduce turnover.
Furthermore, it directly affects your employer brand and can position your company as a technological leader in the market.