If you have found your way here, there is a good chance that you understand the benefits of hiring remote employees in Central Asia and other parts of the world. With lower employment costs, improved productivity, and a growing talent pool, hiring remote tech talent across the globe has become a valuable option for growing tech companies — but once you have found the right fit and hired the right people, how do you make sure they stay with your company?
The tech industry has a relatively high turnover rate with a 13% – 18% turnover rate — but that rate is even higher when you look at offshore and remote employees. The offshore tech employee turnover rate varies by country, but ranges from 20% – 40% annual turnover on average. This reality makes it even more important for U.S.-based tech companies hiring remote tech employees to understand how to mitigate employee turnover in offshore engineering teams — and Truss may be able to help.
Contact Truss today to learn more about our global hiring platform for tech companies!
READ MORE: How To Manage a Global Team Across Time Zones
5 Ways to Improve Retention for Offshore Tech Employees
Even with the help of a global hiring platform — like Truss — it can take time to find the right person with the right skillset to join your team and when you find the perfect fit, it is important that you retain them on your team. When you take the right steps and employ the right strategies, you can improve retention rates and improve the overall productivity of your tech company.
Here is a better look at a few ways that you can improve retention for offshore tech employees:
1. Improve Salaries and Benefits
Lower salaries and labor costs in emerging markets like Central Asia make offshore hiring an attractive option — but by providing competitive salaries and benefits, you can improve retention. This may mean offering higher-than-average salaries for remote tech employees, but even with higher salaries, you can still remain well below the industry average for tech employees in the United States. In addition to higher salaries, it is important to provide offshore employees with improved benefits — health insurance relevant to the country where you are hiring, retention incentives, and bonuses.
2. Opportunities for Growth and Development
Employees that have no opportunity to grow, thrive, and develop in their careers will not remain with a company when there are many more opportunities available in the tech industry. This makes it important to provide offshore employees with a clear path for advancement within your company and career development. Provide remote employees with ongoing training and skill development opportunities with professional mentors that can help them grow and thrive as a part of your company.
3. Recognize and Engage with Employees
No matter where employees work or where they are from, they all want to be recognized for good effort and great production. When an employee does a great job and contributes to projects, it is important that they feel recognized as an important part of the team. Make formal and informal recognition of high-performing employees a part of your work culture and engage with employees via employee surveys to make them feel heard and valued.
4. Improve Onboarding and Management
A great employee experience starts with the onboarding process and continues with excellent management of remote employees. A great onboarding process sets the tone for what employees can expect from your company and allows new hires to hit the ground running and feel like an integrated part of the team. With improved management and hiring for the long term rather than the immediate needs, you can provide employees with the opportunity to cross-train with other members of the team, improving career development and benefitting your company. Truss provides a global hiring platform with onboarding and remote employee management services that will help you improve employee retention.
5. Create a Great Work Culture
Maybe the best thing you can do for offshore employees to improve retention is to create a welcoming work culture that values communication, employee engagement, and a healthy work-life balance. Communicate company goals, share your vision with employees, and open up regular lines of communication to keep your finger on the pulse of your team. With improved communication, you create a supportive environment with shared goals that makes employees want to be a part of your team in the long term. The other aspect of a great work culture is creating a work-life balance that prevents employee burnout and keeps employees engaged. This can be achieved by providing employees with flexible scheduling and vacation options with a great support structure.
READ MORE: A Strategic Hiring Guide to Fill Key Skill Gaps
Hire and Retain Offshore Employees with Truss
Are you looking for ways to mitigate employee turnover in offshore engineering teams? Do you want to improve employee retention with your remote team? Truss may be able to help.
Truss provides tech companies with a global end-to-end hiring platform that will help you find the perfect fit for your team in emerging markets around the world and help you retain new employees. Provide Truss with your list of position and skill requirements and we will find and recruit qualified candidates for your remote team. When you make the decision to hire remote employees from Central Asia and other parts of the world, Truss can help you with the onboarding process to ensure offshore employees hit the ground running and feel like a welcome member of the team. Truss also provides management for remote employees with global payroll and Employer of Record services that help you remain compliant with the local labor laws.
Contact TransPlus today and learn more about how we can help you retain offshore employees!
