Internal Hackathons: Drive Innovation And Increase Engagement In Tech Teams
In recent years, multiple avenues have opened up for successful tech hiring and hackathons are one of everyone’s favorites. Apart from helping various tech corporations gain skilled employees, hackathons have also helped generate great ideas that furthered the growth of businesses.
Typically hackathons are external, meaning they are held for individuals who are not part of the company but are seeking to be. On the other hand, internal hackathons are held for individuals who are a part of the company. The duration of these hackathons can be anywhere from a few hours to a few days and are held for several reasons, such as generating innovative ideas and products while improving employee engagement.
In simple words, internal hackathons are tech-related events held by companies to drive internal engagement, break the clutter, promote skill development, and help boost innovation within the company.
After a hackathon ends, the winner is decided by a board of jury and is offered a variety of rewards for the same. It could either be an offer to bring their product or software to life or it could be a monetary reward.
Also, read: How Hackathons Can Help You Attract, Engage, Hire, And Train Top Talent
There are great benefits to hosting internal hackathons, let’s take a look at a few of them:
Encourage and drive innovation
Internal hackathons will bring out the best in your employees, there is no doubt about that. With great rewards at stake, you can be sure that every participant will bring out their best game. More often than not, people tend to whip out extremely unique solutions to abstract problems while in a competitive environment.
Hackathon is a cost-effective way of getting every team in the organization involved in hopes of discussing and generating ideas that align with the organization’s goals. Apart from giving innovative minds a much-required boost, it also helps drive engagement.
Improved learning experience
If you are looking to target specific skills then internal hackathons may just be what you need. It gives the employees and other individuals of the company a chance to try out new tools and new frameworks and also allows them to think of a unique solution for abstract problems. It provides the employees with a safe space for them to showcase skills without being under any pressure.
Whatever solution seems to work the best can be incorporated later by the organization’s employees. This way it helps the organization streamline quite a few of its processes as well.
Continued exposure to learning is extremely important for individuals as they do not end up stagnating their skills and capabilities. This further helps the help organization decrease its turnover rates as well.
Inclusion and diversity
Internal hackathons help drive inclusion and diversity. People from different backgrounds and different teams come together to bring about solutions that can further help the organization move forward.
Try to involve the entire organization rather than just technical teams, this helps in giving the entire organization’s employees a broader perspective and helps them work together and bring about viable solutions that can further help them and the organization.
Additionally, people feel free together voices any concerns they may have as there is no higher kill role present in an internal hackathon
Encourages internal networking
In a time where quite a few organizations work remotely, it is essential to get the teams to interact with each other. This can be done by bringing them together for events such as these.
Additionally, internal hacked ones are not your everyday formal office interactions. Internal hackathons can help build productivity and help the organization move toward its objectives. Internal hackathons result in increased employee engagement and happiness and there are several pieces of research that state that happier employees always result in low turnover rates for organizations.
Also, read: Virtual Hackathons: All You Need To Know
Comes as no surprise that internal hackathons help drive competition within organizations and with multiple rewards being at stake encourage the employee to work harder and smarter to come up with abstract solutions for any given problem.
Healthy competition always gives birth to creating innovation, this comes as no surprise. The same goes for internal hackathons, almost every internal hackathon has a great reward for the employees and the organization waiting at the end.
Identify employee skills
This is one of the best reasons to hold an internal hackathon at your organization. It gives organizations a chance to review their employees and their skills.
More often than not, individuals possess skills that can help the organization move forward. As a manager or a higher-up in the organization, you should be able to identify such talent across the organization. Once identified, you can help them hone the skills to help them grow and your employee will use those skills for the benefit of the organization.
Doing this also helps increase employee retention rates, in other words, your employees’ loyalty toward the company will do nothing but increase.
Internal hackathons are a great way of furthering the success of your organization as well as your employees. From being creative with solutions to promoting internal networking, internal hackathons can help a lot.
It can help organizations retain their employees, improve employee satisfaction rates, help them be more creative, create a safe environment for the growth of employees, and much more.
So why don’t you give it a try? And why don’t you choose HackerEarth’s hackathon platform?
It’s got amazing functionality and features! From hackathon promotion to evaluation/analysis support, we’ve got everything covered for you.
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