A recent survey conducted by franchised recruitment company Frontline Recruitment Group of over 2,700 employees across Australia and New Zealand revealed 81% of workers who have decided to stay in their current position are doing so because of job security.
This was closely followed by 81% of workers who were staying due to economic factors. The research was conducted throughout February in partnership with leading Australian social research agency, McCrindle. Frontline is investing in country and sector specific research to support their franchised agency owners and teams with unique insights about their specialist sectors.
The survey revealed that just 19% of respondents have decided to leave their current role. 39% Have considered leaving but decided to stay and 43% have not considered leaving. Younger workers are more open to changing roles. 72% of Gen Z workers (aged 18 – 28 years) and 67% of Gen Y (aged 29 – 43 years) had considered leaving their role in the last 12 months.
“This data confirms that the current economic climate is prolonging the candidate shortage that we’ve been witnessing over the past two years, and in particular it’s making it more difficult for employers to find more experienced talent. That candidate shortage has delivered very high demand for recruitment services over the past two years, which has seen most of our franchise owners benefit from record growth” said Arthur McColl, CEO of Frontline Recruitment Group.
“To attract experienced talent to new roles, employers need to target candidates who aren’t proactively looking and have in depth understanding of what matters most to them when it comes to a new role, this is where a recruitment specialist can help.
In this climate, demonstrating strong growth, good tenure and internal career and development pathways is critical”. The research breaks down the key barriers by generation in achieving career goals by country, sector, and generation. “This data helps us understand the pressures being felt by employees according to their age and industry sector across Australia and New Zealand. In the current climate, manly employees lack the confidence to apply for new roles. This data means we can really support both candidates and clients in matching meaningful work to the individual and increase the chances of long – term satisfaction, productivity, and retention”, Arthur McColl. “As a people first business, these insights are critical in supporting our agencies in helping people achieve their career goals and providing expert insight for employers in attracting and retaining their talent”.