Our official whiteboard for blog posts, musings, and occasional swashbuckling.
➕ Plus turnover kills morale, weakens your culture, and robs the team of institutional knowledge too!
💰 The High Cost of Churn
Average Annual Salary
Severance (one month)
Lost Recruitment Cost
Lost Onboarding + Training Cost
Lost Productivity / Impact on Development (3-month ramp)
Total Cost of Churn
🤩Wow, that's a reeeal buzzkill.
We've turned retention into a science
Each month our talent retention experts assess your development team based on a range of important retention factors.
Using our proprietary algorithm, we then create a Talent Retention Index Score for each developer that defines their level of churn risk.
Talent Retention Index Score
Next, we implement comprehensive retention programs designed for each level of risk. This keeps happy developers happy and boosts the retention score of those at medium to high risk of churn.
All of this data is regularly communicated to clients so they are constantly aware of the retention risk across their development team—and what steps can be taken to minimize it.
We live and breathe talentretention.
More than 50% reduction in churn...
Industry Average*
TurnKey Average
TurnKey Averagewith minor stock incentives
...and 300% boost in developer tenure
3 years
Industry Average
1.1 years
Increased tenure also:
"TurnKey is the only offshore firm we've interacted with that really places an emphasis on retention. They seem to be the only ones that understand how important retention is to maintaining strong product development cycles. Our churn rate with TurnKey has been under 5% annually whereas we were at more than 50% with our previous vendor!"
Anya Alisova (US)
We've hired 5 full-time software engineers through TurnKey. To date, not a single engineer has left our contract/arrangement. We worked with several U.S.-based recruitment firms, and none matched the speed and quality of candidates referred by TurnKey. Most impressive and unique about TurnKey is their willingness to reach for the perfect candidate. Our requirements are strict, and they did not compromise.
Kyle Dodson (US)
"It's been nearly two years of us working together and we have not had the need to replace a single developer. The programmers have all performed very well and TurnKey has been able to give us information that has helped to retain our key players."
Mackezie Drazan (US)
We have hired 5 total developers including tech lead, full stack, dev ops and firmware. For each hire, a strong pipeline of candidates was provided, and the TurnKey team performed a lot of pre-screening such that those that entered the funnel were strong and relevant. They also helped with setting salary comp, and closing. Finally they continue to provide HR services as well as legal admin services associated with employment of a geographically diverse group of developers.
Fletcher Wilson (US)
We started with 8 hired developers and there have been no problems with any of the hires. We are currently monitoring them as we do all engineers but there is nothing to report that would make us consider this arrangement with TurnKey anything but successful. The transparent pricing up front as well as the genuine desire to continue improving with each hire we make is a big difference maker for us.
Chris Oh (US)
TurnKey provided high-quality talent at a cost-effective price. We employed TurnKey to manage the hiring/HR/Legal for >80% of our entire Product team - from identifying and hiring Team Leads, to agent level support roles. I also appreciated that they were proactive in suggesting certain criteria and requirements when first starting our search for key team lead members.
Ryan Rice (US)
We reviewed several similar companies and along with the cost the major deciding factor was the quality of experienced candidates TurnKey was presenting to us. The additional team members worked alongside our scrum teams delivering new feature functionality and enhancements to our platform.We're impressed with the quality of their candidates and the work ethic they demonstrate on a day-to-day basis in our agile ceremonies.
Sandy Speirs (US)
TurnKey is well versed in the startup ecosystem and really understands our needs when it comes to offshore dev, particularly how our needs may be different than the needs of a huge public company. I don’t have to explain as much to TurnKey as I have had to do with other offshore vendors—they seem to get it on the first take. But at the end of the day, all we really care about is quality, and TurnKey has delivered the goods on this front better than other firms we’ve worked with in the past.
Pat Williams