What is the retention rate for IT employees in NYC?
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Okay, so, figuring out the exact retention rate for IT employees in New York City? Thats, like, a seriously tricky thing to nail down precisely. Theres no single, official number everyone agrees on.
What is the retention rate for IT employees in NYC? - managed service new york
It fluctuates (a lot!), depends on who you ask, and like, what data theyre looking at.
Think about it. You got huge companies like Google and Amazon battling for talent, right?
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Then you got smaller startups, fin-tech firms, healthcare organizations, and a whole mess of other businesses, all needing IT folks.
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And they all have different cultures, pay scales, and, ya know, perks.
Generally speaking – and this is a super broad guess – retention rates in IT, across the board, sometimes hovers around 75-85%. But, and this is a BIG but, NYC is a highly competitive market. (Its New York, after all!) So, Id wager that retention might actually be a little lower than the national average, especially for certain in-demand specializations like cybersecurity, data science, or cloud computing.
What is the retention rate for IT employees in NYC? - managed it security services provider
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If you are a python dev, you are in luck!
Why is it so hard to pin down?
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Well, for one, employee turnover data isnt always publicly available. Companies keep that stuff close to the vest for obvious reasons.
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Plus, the tech landscape is constantly evolving. A hot skill today might be old news tomorrow, leading people to jump ship for better opportunities or to learn something new, who knows!
And think about the cost of living in NYC! That plays a HUGE role.
What is the retention rate for IT employees in NYC? - managed service new york
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If someone gets a better paying job in, say, Austin, Texas (with a lower cost of living), they might ditch the Big Apple even if they love their current job.
So, yeah, while I cant give you a definitive number, I can tell you that IT retention in NYC is a challenge for employers.
What is the retention rate for IT employees in NYC? - managed services new york city
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They gotta offer competitive salaries, good benefits, career growth opportunities, and a positive work environment to keep their talent from wandering off to greener (or at least, more affordable) pastures.
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It is a constant struggle for them!
What is the future of IT in NYC?