An in-depth analysis by LinkedIn has revealed the sectors experiencing the highest talent turnover rates in MENA. The findings show that in 2017, the technology sector, particularly the software sector saw the most number of professionals leaving their companies, pegging the figure at 12.3 per cent.
This was followed by 'Professionals Services' at 11.1 per cent and 'Telecommunications' at 9.65 per cent.
While every industry has unique drivers motivating its workforce, LinkedIn research has found that the number one reason people leave their jobs is due to lack of opportunities for advancement (45 per cent). The other biggest reasons people jumped included being unhappy with leadership (41 per cent), being unhappy with the work environment (36 per cent), and a desire for more challenging work (36 per cent).
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"The trouble with retaining tech talent is high-demand and rising compensation within the industry. As employers and offers get more competitive, top talent is more eager to jump on new opportunities. Emphasizing career advancement can help retain current employees and attract new ones," said Ali Matar, Head of LinkedIn Middle East and North Africa.
According to LinkedIn, to mitigate turnover problems, improve retention, and attract more talent, companies need to arm themselves with insights. "Once you have the data to anticipate turnover, you can act to retain key employees and recruit new ones way ahead of time. It's the difference between constantly reacting and proactively planning," added Ali Matar.
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