1、EGUIDEHow Technology SMBs Compete for Talent:The Changing,Challenging World of Employee Benefits1.Layoffs.fyi-Tech Layoff Tracker and Startup Layoff Lists,Accessed November 18,20222.Despite Big Layoffs,Tech Workers Are Still in Demand|WIRED,Accessed November 18,2022 3.Ibid.4.Companies Hiring Novembe

2、r 2022|The Muse,Accessed November 18,2022Attracting and retaining talent is a consistent challenge for technology companies.Despite 118,000 people having lost their jobs in tech in 20221,these skills are still in strong demand at other smaller tech firms and adjacent industries2.These layoffs,largel

3、y in Big Tech,are also opening new opportunities for startups and investors aiming to create the next big thing.Case in point:Day One Ventures,a venture capital firm,launched an initiative aimed at laid-off workers offering to invest$100,000 in 20 different ideas for new companies3.And in The Muses

4、list of“22 Top Companies Hiring in November(2022)”at least half were tech companies and many of the remaining openings were for technical skills4.2|HOW TECHNOLOGY SMBS COMPETE FOR TALENT:THE CHANGING,CHALLENGING WORLD OF EMPLOYEE BENEFITSAccording to LinkedIns 2022 data insights,the technology indus

5、try holds the second highest industry turnover rate at 12.9%5.The LinkedIn data suggests the challenge of retaining technology talent results from high demand for workers and increasingly competitive compensation packages within the industry6.Your success depends in large part on keeping a team of t

6、he best and brightest.If you have such people on your team already,make sure they will stay with you8,but salary alone isnt enough anymoreyour employees may also expect robust benefits.Benefits of all types play a crucial role.High-quality traditional benefits such as health insurance and retirement