Hiring new talent and retaining existing talent has become one of the crucial agendas for organizations of all sizes. At the time of writing, the unemployment rate of the United States of America has been one of the highest since the last decade. This unprecedented rate of unemployment can be attributed to the COVID-19 outbreak. As the economy recovers, hundreds of thousands of new jobs will be created across multiple public and private sector organizations over the next few years. Although the opportunity for employment is growing at an exponential rate, there is also a difficulty in identifying the right talent who can match skills with salary.
Especially in the tech domain, it is becoming extremely difficult to manage talents at two levels:
- Retaining existing talent: This means that current employees are jumping companies in favor of a higher salary and better perks. This can be mitigated by a positive company culture accompanied by...