Summary

In this chapter, you learned how to focus on the long-term success of your team by retaining talent. In the competitive landscape of software development, retaining the talent on your team can give you an edge. Here is a recap of what we covered in this chapter:

• The turnover rate refers to the rate at which positions are vacated and rehired
• Talent retention is a useful skill to keep costs lower, keep productivity higher, retain organizational know-how, and be more competitive in hiring
• To retain talent, first use the techniques outlined throughout this book to create a desirable work experience, and then focus on increasing the satisfaction of your team members:
  • Increase satisfaction with the workplace environment by providing a work experience that incorporates Maslow’s hierarchy of needs. Meet both the collective and individual needs of your team members.
  • Increase satisfaction with growth and opportunities by paying special attention to cycles of esteem...