Tech Talent Tango: SMBs and the Hiring Hustle
Holding onto Your MVPs: Retention Secrets
This week, the focus is on talented personnel retention and hiring issues faced by Small to Medium-sized Companies (SMBs). A company’s Most Valuable Players (MVPs) often leave for positions with better salaries, more opportunities, or a combination of both, or they are let go for one reason or another.
Having worked with smaller businesses over many years, this isn’t something new, but it seriously affects personnel at all levels within a company. For businesses developing software for niche markets, the problems are only becoming more serious. Bringing in new people inevitably means the hires are inexperienced, as experience costs money, which smaller companies cannot afford.
The costs associated with finding suitable candidates, interviews, and training increase the overall costs of each hire. Inevitably, many of these trial period employees will fail to meet expectations. Thus, the costs can only be written off as business losses.
Retaining talented individuals has also become more complex as opportunities for advancement and learning new skills are often severely limited.
Disclosure. I sometimes use Generative AI tools to help me when writing. From outline suggestions to topics or subtleties I had yet to think of.
