Research has found that one in five Australians have changed jobs within the last year and nearly a quarter are considering leaving their jobs.
Of those considering changing jobs, more than one in three said the COVID-19 pandemic was a big factor in their decision.
“There are a number of theories why the ‘Great Resignation’ might be happening but a heightened sense of mortality and burnout due to extra work particularly among frontline ‘essential’ workers is certainly high on the list,” said Julie Rynski, executive for National Australia Bank (NAB).
“Many Australians who are considering changing jobs are also looking for a fresh start, with around three in 10 planning to change industries.”
Of those who changed jobs in the past year, the highest was among unskilled workers (37 percent), labourers (29 percent), and other IT and technology workers (28 percent). Lack of personal fulfilment was the top reason for leaving, according to 30 percent who said a purpose or meaning was missing in their current occupation.
Others were seeking greener pastures due to lack of career growth (29 percent), the impact of their current job on their mental health (29 percent), poor pay and benefits (27 percent), and burnout (22 percent).
“The good news though is that there are absolutely things small businesses can do to keep good people—especially since pay isn’t necessarily on the top of the list for employees,” Rynski said.
“We’re seeing so many businesses get creative about how they provide a sense of purpose at work and provide clear career pathways to ensure long-term team engagement.”
Owner of a number of Melbourne grocery stores Chris Scicluna said that investing in existing staff is key to retaining talent.
“As a small business, we’re able to be creative about how we reward our team. We’ve had a brainstorm and come up with great ideas including time out to celebrate together and giving people flexibility in their work, “ Scicluna said.
“The most successful activity so far has been closing our store for the day and giving everyone the day off to relax. The feedback from customers as well as the team on the back of this initiative has been overwhelming.”
