Amazon software engineer turnover rate8/15/2023 ![]() Leaders and managers have a fundamental responsibility to retain the employees on their team, as more often than not, employees do not leave the company per se, but the line manager. However, in practice, most HR teams are deferential to the company leadership and that is where the buck stops. The onus is typically on the human resources (HR) team to develop more employee-friendly practices and promote higher engagement and work–life balance. This is a tremendous expense that can be averted through better company policies and culture. The cost of replacing talent is often as high as two times their annual salary. Turnover costs companies in the US $1 trillion USD a year with an annual turnover rate of more than twenty-six percent. The corporate incentive of maintaining high standards of employee hiring and retention is also related to the costs of employee churn. A stable engineering team is in a better position to both build and ship innovative products and establish a reputation in the market that helps attract top-quality talent. Strong employee retention rates (>90%) ensure a long-term foundation for success and enhances team morale as well as trust in the company. ![]() It helps a company retain experience not only in terms of employees’ domain expertise and skills, but also organizational knowledge of products, processes, people, and culture. Retaining employees is critical for numerous reasons. Given this market reality, retention of top engineering talent is imperative for a company to grow and innovate in the short as well as the long term. At the same time, there is a much greater supply of software companies and startups, all of which are jostling to hire top engineers. Software engineers, in particular, are in high demand given their expertise and skills. Strong engineering talent is the bedrock of modern technology companies.
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