\u201cAs we see pressures of inflation hitting many Australians, I think employee wellbeing will need a very sharp focus. This is a workforce that has just lived through the many challenges of the pandemic,\u201d <\/p>\n
But according to a recent report from the University of Melbourne \u201c2023 State Of The Future Of Work\u201d the cracks were starting to appear well before Covid. Professor Leah Ruppanner, a co-author of the study said <\/p>\n
\u201cWork wasn\u2019t working for many people pre-pandemic. People want more flexibility in how they work, but that should be moving beyond just \u2018working from home\u2019 and \u2018working from the office\u2019 \u2013 that\u2019s an oversimplification.\u201d <\/p>\n
In February 2023, the Australian Bureau of Statistics (ABS) released a report indicating a significant rise in the number of employees leaving their jobs for greener pastures. The report showed a 14,200 increase in the number of workers resigning for “a better job” or “wanting a change,” totalling 343,200 people. This trend was prevalent in several industries, with the utilities sector registering the highest number of workers intending to leave at 44%, followed by manufacturing and agribusiness at 35%, hospitality at 33%, and government at 30%. <\/p>\n
For business owners already facing nationwide labour shortages, this is a concerning statistic. The importance of appreciating and empowering employees has never been more crucial. By providing your employees with the flexibility they need to thrive and providing salary increases they deserve, avoiding resignations could be possible. <\/p>\n
To find out more about the power of empowering your employees read our latest article. <\/p>\n
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