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Is Australia headed for the ‘Great Resignation’?
A wave of resignations from Australian workers is expected in the next six months.
Is Australia headed for the ‘Great Resignation’?
A wave of resignations from Australian workers is expected in the next six months.
Australian employers have been put on notice after a recent survey found that 40 per cent of workers are planning to look for a new role in the next six months.
The survey of 1,000 Australian workers by Employment Hero also found that 15 per cent were already searching for a new job and 48 per cent were planning to begin the hunt for a new job within the next year.
“If businesses are looking to grow quickly following the pandemic, they need to start getting prepared now, as we have six months before Australia’s projected ‘Great Resignation’ ushers in the ‘Great Recruitment Rush’,” said Employment Hero co-founder and CEO Ben Thompson.
A lack of career opportunities was the major factor for 31 per cent of those seeking a new role in a different organisation.
No pay rise was the main driving force for 30 per cent and 26 per cent identified underappreciation as their top gripe.
“Handing out pay rises is not always feasible for businesses against the backdrop of the pandemic, but if businesses can afford to give their workers a salary increase, now is the time for them to take action,” said Alex Hattingh, chief people officer at Employment Hero.
“Similarly, if a business doesn’t have the means or structure available to offer promotions at this time, they can set up a career development pathway for their staff.”
Forty-seven per cent of workers said a salary increase would encourage them to keep their current role while 25 per cent said they would remain on board if offered a promotion.
“Businesses need to turn their attention back to growth, but with a people-centric perspective,” Mr Thompson said.
“If people fuel a business, how can businesses keep and find the best people who will be invested in seeing their business scale? It takes time, effort and consideration, but the more businesses invest in their employees, the more they invest in their business.”
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