Worker’s feet getting itchy
According to a recent survey released showing another significant increase rise in the number of new jobs being offered, a surprising 30+ per cent of Australian workers are intending to change jobs soon.
Hay Group's findings, a management consultation firm, confirm the findings of another study conducted by Drake International that an astonishing number, about half of the total, of Australian workers are considering to change jobs, with about a fourth of them actually intending to do so.
''It's payback,'' said David Edwards, strategic manager of Drake international.
''For two years during the financial crisis employees stayed put and suffered cuts in hours and conditions. Instead of feeling grateful for keeping their jobs, they are planning to move.''
The Hay Group discovered that while about a third of Australian workers are intending to change jobs, in the United States and in Europe, the statistics show only 16 per cent and 22 per cent, respectively.
''This should send alarm bells ringing in human resources departments across the country,'' said Sam Dawson, Hay Group's head of insight.
''The landscape has changed; workers who have been grateful to hold on to employment are sticking their heads above the parapet and gauging what the recovery means for their career prospects.
''This could spell bad news for those companies who have failed to take necessary steps to implement effective engagement programs during the tough times.''
The survey also shows that the expense of employee replacement spans from 50 to 150 per cent of an employee's wage.
Additionally, it found that the best methods to keep employees were to give ''tools and processes to actively deal with employee frustrations'', but for many companies, it would be already too late.
''About one-quarter of Australian employees have already decided,'' remarked Drake's Mr. Edwards.
''Not all of them will move, but right now none are expecting to stay.''