These engineers have different workplace needs than other types of employees, some of which appear in mutual opposition to the goals of the business. Leveraging this methodology, many researchers have found a marked predominance of what are generally called introverts among computer professionals, particularly software engineers. To better understand their workforce, tech firms have started to use various personality assessments. In assessing the cause of this churn, many tech firms have started to explore the impact of personality type on employee engagement and long-term retention, seeking workplace solutions beyond a “one size fits all” model to appropriately address employee needs. On average, the tech industry has a very high employee turnover rate, 18.3 percent globally.
#Turnover rate driver#
This diversity of experience and thinking is a powerful driver for innovation, and as such will require a more dynamic approach to the workplace, especially for an industry perpetually engaged in a war for top talent. Today, the tech sector’s talent pool consists of a variety of generational groups, working styles, and personality types. This pivot to the mid-cap markets has another major advantage the tech industry’s most coveted talent appears to be making a similar move out of the big cities. These locales offer less expensive facilities, plentiful space to enable social distancing, and – in some cases – very attractive tax incentives. Technology firms are starting to branch outside of city centers and open offices in outskirts, suburbs, and mid-market cities.
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