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Tech employee retention is a serious issue | Benjamin Yolken

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A lot of companies, both in tech and other industries, are having trouble retaining employees at the moment. The so-called “great resignation” of 2021 has gotten a lot of newfound press coverage, but in reality these resignation waves are nothing new in tech; in an industry where companies can rise and fall quickly and where employees can easily move between jobs, individual companies will often have retention problems even if the broader economy does not. In this post, I want to describe the various resignation waves that I’ve seen in my career thus far and what companies can do to respond to them. Even the best companies under the most auspicious circumstances will have some voluntary turnover. It’s just natural that in any given year, a small percentage of otherwise happy employees will want to retire, go back to school, move to a smaller company, or pursue some other opportunity that requires them to quit their jobs. Companies build this kind of steady, predictable turnover into th

A lot of companies, both in tech and other industries, are having trouble retaining employees at the moment. The so-called “great resignation” of 2021 has gotten a lot of newfound press coverage, but in reality these resignation waves are nothing new in tech; in an industry where companies can rise and fall quickly and where employees can easily move between jobs, individual companies will often have retention problems even if the broader economy does not. In this post, I want to describe the various resignation waves that I’ve seen in my career thus far and what companies can do to respond to

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