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ISCOVER
Matthew Sullivan
More than 50 per cent of Australian workers aged 25-34 are seriously considering leaving their place of employment, new research has found.
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According to research by HR company Mercer, 52 per cent of Gen Y's want to leave their job in a bid to find something with greater growth opportunities.
But while the majoirty of Gen Y's are not satisfied in their current place of employment, 73 per cent said they are always willing to go above and beyond their job requirements.
Mercer’s human capital business leader for Australia and New Zealand, Rob Bebbington, said Australian employers need utilise the skills and ambitions of their workers more effectively, otherwise they may see turnover rates increase.
“While Australian employers are getting many aspects of the employee engagement equation right, they’re not making the most of the capabilities and ambitions of many groups within their organisation, which means they are potentially losing productivity and worst case scenario, key talent, which inevitably hits the bottom line,” he said.
“Employers need to consider all aspects of the employment relationship and different stages of their employees work lifecycle. Our priorities and motivations change in life as we age and the same thinking has to be applied to the workforce.
“Younger workers rate job satisfaction as very important, yet score low on satisfaction with their job and will therefore look elsewhere for opportunities despite being engaged and happy with other work areas. So they need real growth opportunities,” Mr Bebbington said.
Older workers on the other hand are less likely to leave, but report low levels of motivation.
According to the report, workers aged 55-64 are more satisfied with the type of work they do and are less likely to leave but feel they are being overlooked for career development opportunities.
Around 40 per cent of this age group believe they have sufficient opportunity for growth and development, compared to 64 per cent of those aged 25-34.
