A recent SEEK survey found 23% of workers are looking to move jobs in the next 6 months – here’s why.
- More money
- Career progression
- Burnout or lack of work-life balance
- Poor leadership or culture
That said, it’s much cheaper and saves time to retain the talent we’ve got and give them tools to thrive. Our advice is to bolster career pathways, training, incentives and flexible work (it’s not just about money).
Our latest Executive Outlook survey explored ways in which local businesses are retaining talent. There’s no one-size-fits-all, but leaders were keen to share ideas. Competitive pay, incentives, training and hybrid work top the list. Here’s what else we uncovered from your feedback:
- Equity buy-in for long-term staff.
- Know what makes your key players tick, and facilitate that (money, flexible hours, training etc).
- 9 day fortnight for office staff.
- Stay staff focused and create a sense of belonging.
- Spontaneous rewards (race days, vouchers to restaurants etc).
- Sign on bonuses.
- Workplace well-being (to understand their contribution to the business).
- Executive Coaching.
- Opportunity to attend industry conferences, with peer networking.
- Social get-togethers (coffees, dinners, birthday celebrations etc).
- Extra personal leave for birthdays, volunteering or family matters.
- Leadership autonomy to make decisions.
- Subsidised health care and gym memberships.
- Professional development training.
Our Executive Outlook survey is a barometer of local trends and a forum to share ideas. Thank you for sharing your insights into our research.
Compiled by Jan Gadsden, Founder of Top Office Group Pty Ltd.