Workers Plan To Jump Ship Post Recession - what can you do now?

More and more employees are planning to jump ship in Australia and the UK when the recession ends.

Workers Plan To Jump Ship Post Recession – what can you do now?

More and more employees are planning to jump ship in Australia and the UK when the recession ends.

New figures from the UK Chartered Institute and Development (CIPD) reveal that more than 1/3 of workers want to change their careers once the economic crisis is over.

In Australia there is also a significant increase in the amount of people who are willing to change jobs, according to the group manager with Frazer Jones, Paul Breslin.

“Anecdotally, usually out of about 1000 people you might find about 1/5 to want to want to change jobs. Now however, at least 1/3 want to move, if not more” he said.

Claire McCartney, the CIPD’s talent and resourcing advisor said the poor labour market was acting like a dam holding back the normal flow of talent.

“Once job opportunities increase however, dissatisfied employees will vote with their feet and leave” she said.

Someone else put it differently: “Next year Gen Y will be back in charge!” 

What can you do now?

As an employer don’t take the loyalty of your employees for granted. Avoid complacency. The downturn in metals prices and the economy generally might have kept your best people with you for now, but continue to focus on building employee engagement if you want to keep these people when better times return.

Source: Based on articles printed in Human Resources Leader magazine