According to new research from NAB, Australia is experiencing its own “Great Resignation” with one in five Australians quitting their jobs within the last year:
Just over 1 in 5 [21% of] Australians have changed jobs within the last year and almost 1 in 4 [23%] are considering leaving their current place of employment…
Over 1 in 3 Australians considering changing jobs said COVID has had a big impact on their decision. Importantly, the survey also finds that many of the key reasons workers are contemplating leaving their jobs are “push” factors – a lack of personal fulfillment, purpose or meaning, lack of career growth, mental health, poor pay and benefits. Many Australians who are considering changing jobs are also looking for a fresh start, with around 3 in 10 planning to move to a different or new role in a new industry. NAB’s research suggests more must be done by employers if they wish to retain their staff, particularly in some sectors. Results are based on the responses of over 1,200 working Australians during the survey period 25 November to 13 December 2021…
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Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
