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In today’s business context, where most—if not all—critical functions are mediated by technology, it’s not an exaggeration to say that your IT team literally keeps your business running. As elevated turnover rates persist stubbornly across industries and job types, the unfortunate reality is that the chances of losing some of your top IT talent are high.
The financial costs of turnover are staggering; a conservative estimate is that the costs associated with losing and replacing a single worker come to about 33% of the employee’s salary1. Losing key members of your IT team, however, can have far-reaching consequences that extend beyond the financial costs.
Turnover within the IT department can be unsettling to remaining team members, resulting in increased workloads, fatigue, and mistakes. This type of disruption can ultimately create ripple effects across all departments, reducing organizational productivity and performance. Clearly, holding onto your top tech professionals is an urgent business priority.
Working with a managed services provider (MSP) can be a great way of addressing predictors of turnover in your IT team. Partnering with an MSP reduces demands on in-house IT staff, making their workloads more manageable and decreasing the likelihood of burnout. The nature of MSP support can vary depending upon an organization’s needs and priorities:
Freeing up IT professionals’ time gives them the opportunity to grow and expand, ideally into more strategic roles. A robust IT strategy that aligns with the overall business strategy is essential to maximizing your organization’s performance.
Creating opportunities for IT employees to contribute to strategy not only creates a stimulating environment where they can thrive, but it also furthers the company’s capacities for attaining its overall business goals. This is the definition of win-win.
As technology occupies an increasingly pervasive role in the business realm, leading thinkers suggest that all businesses are now essentially technology businesses4. Recognizing this fact, we must acknowledge that our IT employees are no longer solely technicians who help us get through the tactical elements of our days. IT professionals now represent an essential voice in strategic planning conversations.
Partnering with an MSP such as NexusTek can ensure that you stay on top of day-to-day IT needs, while also giving your in-house IT staff the opportunity to contribute in strategic ways to your business.
Would you like to learn more about using MSP services to create opportunities for your IT team?
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