MARKET INSIGHTS
A PIVOTAL MOMENT IN TALENT.
We’ve seen some big changes in the last few years.
The world of work has changed forever.
THE IMPACT ON TALENT ENGAGEMENT, RETENTION AND ATTRACTION IS HUGE.
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Aussies left their jobs in 2022.
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are planning to change industries.
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of leaders can't find talent.
WHAT WE’RE HEARING ABOUT WHY PEOPLE LEAVE…
“I’m not learning or growing.”
“There’s no flexibility around hours or where we work.”
“There is no career progression for me here.”
“I needed to take a break.”
“I’m not paid what I’m worth.”
“I’d like to do work that has an impact/purpose.”
WHAT PEOPLE WANT >>>
GROWTH
Professional development matters to talent.
PEOPLE WANT TO DO INTERESTING WORK WITH IMPACT AND MEANING.
69% of people want their employer to invest in professional development opportunities.
65% of people said they’d stay in a job longer if their employer committed to upskilling and supporting their development.
52% of people said they need to learn new skills in the next year to continue in their career.
ROLE DESIGN MATTERS
Want to keep great people?
Ask them what they want to do
and what they want to learn.
Then do everything you can to provide that.
BALANCE
Work-life balance trumps bank balance - it’s the most important factor we’re seeing in talent today.
TIME AND HEALTH ARE THE MOST PRECIOUS COMMODITIES WE HAVE.
PEOPLE ARE DRAWN TO EMPLOYERS WHO PRIORITISE THEIR WELLBEING AND PROVIDE FLEXIBILITY.
FLEXIBILITY
People are rethinking when and where they work! A large majority of businesses are reporting making changes to their workplace to offer greater flexibility.
88% of people look for complete flexibility in hours and location.
‘Flexibility’ is linked with a spike in Gen Z and Millennial applications at 54%.
63% of businesses found it easier to attract and retain talent on a 4 day week.
78% of people working 4 days/week are happier and less stressed.
WELLBEING
Health and happiness matter, and talent wants it to matter to their employers too. Employee wellbeing is essential!
People who feel cared for are 3.2x happier at work.
42% of people want their employer to invest in mental health and wellness.
EXPERIENCE
Employee experience is everything. People are craving investment in the human aspects of work.
TALENT LOOK FOR A POSITIVE CULTURE, STRONG LEADERSHIP AND MEANINGFUL WORK.
AUTHENTICITY
People want real, honest and vulnerable.
Imperfect, not invincible.
47% of job seekers in Aus/NZ said culture is a top priority when choosing a new job.
68% of candidates believe the interview experience reflects employee experience.
LEADERSHIP
Leadership capability and behaviours can be either an enabler or inhibitor of culture.
People want leaders who inspire them and support them, leaders they can trust and learn from.
PERSONALISATION OF WORK
Instead of changing ourselves to fit into work, how can we design work to better fit us?
EMPLOYEE EXPERIENCE
Personalisation of work could include:
- when and where you work
- the type of work you do and how you do it
- how you communicate with colleagues
- your employment benefits
- customisation of your work interface and technologies
CAN WE CREATE A WORK LIFE THAT COMPLEMENTS OUR PERSONAL LIFE?
“Hyper-personalisation is about doing the right work, at the right amount, at the right pace, at the right time, in the right location”
- Aaron McEwan, VP of Research and Advisory, Gartner
