Retaining group members with high competitive value and knowledge is a well recognized challenge that is critical (Delong, 2004:Frank Finnegan, & Talylor;2004, p35). Such members are known as knowledge workers with high degree of expertise , experience and education. Their jobs in the team involve distribution of knowledge and knowledge application as well as creation. An IT firm which I am a member is a facing a high employee turnover. This disrupts the size of the firm and disrupts its activities.
One of the strategies that our firm can undertake is on giving moral to the members. Three quarters of the members have said that they are less engaged in the performance of the company’s activities. They have no choice and look out to the leaders to take an appropriate step. Second strategy is that, the leaders should consider future labor shortage in the Field of IT. This is because most students have opted to do other courses which are not overpopulated in the corporate world. Our firm leaders should; therefore should consider ways of retaining and developing the skills of IT workers
before the job market swings back to job seekers advantage as was experienced in 199 to 2000. Labor shortage is based on the assumption that the economy grows at a rate of 2to 3 percent annually with the size of workforce growing at a rate slightly higher than one percent(Karoly &Panis, 2004, p 105 ). In the past, growth of economy meant that the employers could add more employees so as to catch up with increased demand of services and products. The solution to this according to economist is to create more jobs in the near future.
Karoly, L & Panis. C (2004)the 21st century at work: forces shaping the future workforce and workplace in the United States, Rand Corporation, Publisher p 105
Delong , D(2004) lost knowledge : confronting a threat of an aging workforce, oxford university press, New York’s 35