A recent survey conducted by the Frontline Recruitment Group reveals 81 per cent of workers who have decided to stay in their current position are doing so because of job security.
The survey of more than 2,700 employees across Australia and New Zealand also showed 81 per cent of these workers stayed put due to economic factors.
Just 19 per cent of respondents have decided to leave their current role.
Arthur McColl, CEO of Frontline Recruitment Group, said “This data confirms that the current economic climate is prolonging the candidate shortage that we’ve been witnessing over the past two years, and in particular it’s making it more difficult for employers to find more experienced talent.
Growth, tenure and career pathways crucial to recruitment
“To attract experienced talent to new roles, employers need to target candidates who aren’t proactively looking and have in depth understanding of what matters most to them when it comes to a new role. In this climate, demonstrating strong growth, good tenure and internal career and development pathways is critical,” he said.
The survey shows younger workers are more open to changing roles with 72 per cent of workers aged 18–28 years and 67 per cent of employees aged 29–43 years had considered a job change in the last 12 months.
The research breaks down the key barriers by generation in achieving career goals by country, sector and generation.
“This data helps us understand the pressures being felt by employees according to their age and industry sector across Australia and New Zealand,” said McColl.
“This data means we can really support both candidates and clients in matching meaningful work to the individual and increase the chances of long-term satisfaction, productivity, and retention,” he said.
The research was conducted in February in partnership with leading Australian social research agency, McCrindle.
