12/10/2023 0 Comments It sector attrition rate![]() ![]() Along with this fact in their own business, they must recognize that the same situation is happening in the service provider community. The first step for enterprise executives is to recognize that the wage inflation rate for IT and engineering talent far outstrips the demand for talent. If technology is to continue to have a powerful role in companies’ competitive positioning, they must reduce the attrition rate. It significantly diminishes a company’s ability to keep its platforms dynamic so they can compete through them.Ĭompanies cannot afford to lose a quarter of their talent to attrition each year. When people leave, a company loses the vital learnings of the team, which took years to acquire. This is essential today, as companies have a more intimate relationship with their platforms than other technologies they become more dependent on the technology because they use it to compete and grow. The team accumulates knowledge of how the components of the tech stack (or platform) work and how the technology works with the business. Persistent teams’ increased productivity happens because they reduce the learning curve over time. Companies have demonstrated that persistent teams are far more productive and capable in supporting and evolving their technology. These are IT and engineering staff that remain on a team focused on the same tech stack or digital platform over time. This makes it extremely daunting to keep persistent teams.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |