visit
Competitive compensation is the #3 criteria developers look for in a job — but professional growth and learning is #1says that employees want to make an impact and be involved in the company’s growth:
The impact they want seems unattainable, so people leave.It's clear why this happens. The economy of longer life, frequent job changes and the unprecedented rate of skills obsolescence requires talents to become lifetime learners.
55 percent of this year’s survey respondents said that incentives were “not linked at all” to the acquisition of new skillsCompanies should stop thinking about work experience in terms of perks and rewards and focus on job fit, job design, job impact and job meaning for every team member.
Tip #1: Use skill matrixes to navigate growth of your team
Skill matrix is a tool that helps companies to communicate skills to teams and talents. Product teams are constantly facing new challenges that require upskilling and reskilling of people. And teams still don’t communicate it effectively.
Irina Seng, CEO of Vectorly
Tip #2: Set focus areas in your team to have T-shaped team
To manage individual growth you should set focus skills for each person. Every team member can tell skills of her personal interest, so you can match the company’s skill requirements with employees’ personal interests. Focus skills are really easy to manage. You simply communicate to each employee her area of focus, and at the end of the period, you review her performance.Tip #3: Align learning with working performance to retain people
Start tracking on how the working activity aligns with personal growth. It’s a common startup problem that working tasks of team members diverge from the focus areas of employees. And it's fine for a short period of time, however if it’s left uncontrolled it can undermine your team performance.Tip #4: Understand skill gaps and skill fit to manage growth
Teams can use Skill Gap Analysis to understand the fit of the current team’s skills to the skills to the skill matrix.Skill Fit and Skill Gap Analytics give you an understanding of your team growth as a whole. Maybe you don’t have any Experts in Typography? Or UX analytics? Or Voice UI? Lack of skill can shed light on problems in your products because they are made by people with certain skill gaps.
(Disclaimer: The author works at the Vectorly Team)