Retaining Talent is the biggest challenge in Software Development
Probably it's been issue in all the multinationals and international Outsourcing markets. Retaining Talent is the biggest challenge in Software Development Company. Most of the metropolitan cities of India, have to face this kind of difficulties. These HR Managers of IT Companies are perplexed when the employee thinks leaves the job.
If we keep ourselves into these managers' shoes, we find empathy to their exhausting pain in retaining their existing employees. This is not the issue with only one organization perhaps, but you go to any organization, industry or any software field of business or any private or public sector, it is the same issue. No matter what variety of perks given to the employees, the employee turnover is increasing by months and months.
Retaining of employees is worrying to HR in Software Development
This retaining of employees is worrying to HR in Software Development Companies. They sing the famous song-"Where do you go?" to all these ex-employees of the company. These managers do understand and have built-in strategies when they have records of the employees' as to why do they join their company, but don't have any answers as to why a software developer naturally moves away from Software Development Company.
Hence the life in the Software Outsourcing Industry is probably merry-go-round becomes the very practice of the firm. Hiring and training these employees take larger piece of time for these Software Development Firm. The company spends their time and money unto these employees, but the employees continue to show lethargy and disinterest in the work. And we cannot stop until here, even the professional and experience employee show this nomadic trend either the attraction of perks given by the Top Software Companies in India.
Now let us understand the present scenario, as wherein these Outsourcing and Software Development sectors fall. The Software markets seem to be in boom with IPOs having large queue of performance. It is impressive and robust growth experience through consumer confidence and Offshore Outsourcing clients' approval. India and China both have become detonations for Global giants of Software Outsourcing World.The big-shots of the Software Markets are looking for India Software Development due to talented workforce available in India. So it is the biggest challenge to the HR Managers to retain the employees and gear up and produce some performing results. The manpower is valuable and the whole global scenario of Software Development Market is looking for skilled labor in both retail industry and animation industry (which is sister of concern of India Software Companies).
NASSCOM has its own digital statement for the IT Industry that the growth has reached the scale of nearly 1000 million, employing more than 1 lakh people in the pool of Industry. The revenue per employee is also high when compared to the offshore employees which is nearly six thousand and may show a raise up to 7000 US Dollars. So the supply and demand of the skilled labor is going on and on and major issue of concern to the Software Development Company.
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