Voluntary staff turnover up in 32% of organisations YoY, Hays finds
Voluntary staff turnover has risen in 32% of organisations in Australia over the past year, according to Hays.
Based on findings in the 2017 Hays Salary Guide, just 15% of the 2,950 organisations surveyed, representing 3,021,984 employees, reported decreased staff turnover during the past 12 months. The remaining 53% said turnover had stayed the same.
Nick Deligiannis, managing director of Hays in Australia & New Zealand, said, “The increase in the number of people willing to resign in favour of another role elsewhere certainly shows the job market is able to deliver career-advancing opportunities.
“Job seekers are aware that employers are adding to their permanent headcount now and are using temporary or contract resources to support their team. As a result, they know that demand is rising for highly-skilled professionals.”
Findings from the Hays Salary Guide show that business activity increased for 70% of employers in the past 12 months, while three-quarters (75%) expect it to increase in the next 12 months. Staff levels are set to rise too, with 45% of employers expecting to increase permanent staff levels, far exceeding the 11% who say they’ll decrease.
Despite this, 65% of employers will give their staff a sub-three per cent pay rise in their next review, while 11% will not increase salaries at all.
Deligiannis commented, “With sedate salary increases on offer for many skilled professionals, loyalty is being tested and turnover is rising as employees leave for a role offering better career advancement, salary, benefits or work-life balance.”
When thinking about their career in the year ahead, 60% said being able to work flexibly was most important, while 60% also said a pay rise is important. 54% want more challenging or exciting work, 53% want support from their boss and 47% want to learn additional digital skills.
Deligiannis added, “Clearly career progression, ongoing learning & development – particularly in digital skills – and challenging or exciting work are key to successful staff retention in the year ahead.
“While not every workplace or role suits flexible working, for those that do it’s also an important retention tool.”
Get your copy of the 2017 Hays Salary Guide by visiting www.hays.com.au/salary or contacting your local Hays office.
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