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In the software development industry where demand on IT specialists continues to increase, employers often wonder about the attrition rate. This is a typical question that interests our outsourcing clients.
In Czech Republic situation may appear to be worse than average, as during my latest research I learned that hiring 50 software developers people within six months represents a big challenge.
So when Lukas Dockal of Czech IT recruitment firm Advanced Search Technology told me about their loyalty study, I was quite interested to see the results (unfortunately the study does not disclose the number of participants).
Over 50 percent of the software developers remained on the job for 4 years, although by the year 5 the number goes down to 37 percent. It is probably normal, that after 4 years, programmers look for a new challenge – at least a mini survey conducted here at LinkedIn Q&A board about the average longevity of an employee confirms that 4 years is typical.
Despite recruiters’ concern about new hires leaving during the trial period, the study shows that only 5 percent leave on average and over 70 percent stay with that employer for a year.
This figures, which may demonstrate how well Advanced Search Technology is doing, are also useful to further fine-tune a business case taking into account additional costs to replace those who leave.
As for the reasons, alas the most common is still the money for 30 percent of the respondents. Further 23 percent leave because they are not satisfied with their job. So an employer calculates the cost of attrition (recruiter’s fees and training cost) and chooses to offer annual bonuses instead, the attrition rate is likely to go down.
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