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46% of working Aussies plan on changing jobs this financial year, Hays reveals

46% of skilled professionals plan to look for a new job in the next 12 months, with a lack of promotional opportunities the main motivating factor for more than half (53%), says Hays.

According to the 2018-19 Hays Salary Guide, just one-quarter (26%) of the 1,200 skilled professionals surveyed rule out looking for a new job in the coming 12 months. The final 28% were unsure.

Of those planning to look elsewhere, 48% cite an uncompetitive salary as a factor. Other motives are a lack of new challenges (44%), poor training and development (29%), poor work-life balance (26%) and a poor benefits package (21%).

Just two-fifths (40%) are extremely or very satisfied in their current job. 41% and 51% are extremely or very satisfied with their current employer and current direct manager respectively.

Meanwhile, voluntary staff turnover increased in 32% of organisations over the last 12 months.

Nick Deligiannis, managing director of Hays in Australia & New Zealand, commented, “Salary and benefits remain a key driver for job hunters, but far greater emphasis is now being placed on non-financial benefits, particularly career progression.

“As our survey shows, employees are increasingly willing to consider career advancement elsewhere if they do not believe it can be achieved with their existing employer.

“Three of the top four factors spurring people to look for a new job focus on career development. This suggests employers could be doing more to develop their existing talent. With organisations adopting new technologies and processes, upskilling existing employees will meet their desire for new challenges and training. When linked to promotional opportunities, upskilling becomes important to retention.

“At the same time, upskilling ensures an organisation or department keeps up with changing business needs. It has the capacity to benefit both an organisation’s future talent needs and the developmental and promotional needs of individual employees.”

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