The Great Resignation to The Great Retention was the topic for Onward NRV’s virtual Tech/IT Leaders’ Summit on November 9th, 2021.
Technology industry leaders from around the NRV joined the panelists, Jackie Lackey with Ideagen (formerly Qualtrax) and Marcia Elliott with Radford University, to learn and discuss solutions to retain and recruit talent during these turbulent times.
During the virtual summit, attendees:
- Saw staggering statistics representing the nationwide Great Resignation: In September, 4.4 million people left their jobs, according to the latest data from the U.S. Bureau of Labor Statistics.
- Were challenged with reevaluating priorities and benefits: It’s not about the ping pong table or jeans on Fridays. Employers need to ask and listen to their employees and their needs to retain and recruit. When employees feel they are heard and supported from their employers, retention is higher resulting in less turnover.
- Learned that revamping job descriptions can create a large impact: Overhauling job descriptions is a small change that can yield high impact when recruiting new employees. Employers need to keep their ideal candidate in the forefront so the job posting will stand out and be attractive.
Twice a year, Onward NRV hosts Tech/IT Leaders’ Summits to create a forum to engage industry leaders and encourage collaboration around common challenges and opportunities. The summits are part of the organization’s five-year strategy to promote economic development in the NRV and support the continued growth of the tech sector in Virginia’s New River Valley.
Read more about previous Tech Leaders’ Summits here.
Learn more about the growing information technology industry in Virginia’s New River Valley here.
Virginia’s New River Valley: Virginia’s New River Valley is an eclectic mix of interconnected small towns that each offer their own unique vibe and appeal. The region provides an abundance of cultural and social offerings due to the presence of three world-class universities, while retaining the charm and benefits of small town living. The NRV is home to a diverse and innovative business community with companies that range from high-tech startups to foreign-based corporations to specialty agribusiness. These organizations benefit from the collaborative spirit of our region and a loyal, highly-skilled, and educated workforce. The scenic beauty of the region also fosters a deep connection to nature, which is deepened by access to outdoor recreation and the preservation of our natural environment. It’s clear why Virginia’s New River Valley is “A Natural Fit.”
Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment, and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.