Some turnover is natural-no matter what you do, employees are going to leave for various reasons. ![]() Not to mention that as more people quit, your company culture suffers as others deal with stress and extra work. Why Worry About This?ĭespite the fact that the world is almost back to normal, employees are still leaving in record numbers as they look for better opportunities. Every time an employee quits, the hiring process costs you at least one half of that employee’s annual salary (at most, this process can cost you 2X the salary of the employee who quit!). With the pandemic kicking off and many companies either closing their doors, downsizing, or trying to transition to remote work, these statistics are understandable. You probably saw this in your own experience. The monthly labour force numbers are often interpreted in a static way, for example, in February 2020 the seasonally adjusted increase in employment of 19,300 people comprised of well over 300,000 people entering employment, and more than 300,000 leaving employment in the month.In 2020, every industry saw a sizable jump in turnover rates (leisure and hospitality jumped by over 51%!). These data illustrate the dynamic nature of the labour market and provides further insights into labour mobility – that is, the ability of workers to move between jobs – in Australia. Marginal attachment as well as job search experience and labour mobility. This survey informs on the following broad labour market issues: labour force participation potential underemployment and This survey is one of the three topic-based-related releases as part of the Participation, Job Search and Mobility, Australia survey. The statistics in this fact sheet were sourced from the Job Mobility, Australia survey conducted in February 2023 as a supplement to the Australian Bureau of Statistics (ABS) monthly Labour Force Survey (LFS). Proportion of workforce that changed business in the past year States and territories: the largest increase in job mobility in the year to February 2023 was recorded in the Managers, were the least likely to change jobs in the 12 months to February 2022, followed by professionals (Table 1). Occupation categories: sales workers, machinery operators & drivers and labourers were the most likely to change jobs in the 12 months to February 2023. The only profession with reduced turnover were professional, scientific and technical services. Industries: the largest increase in job mobility in the year to February 2023 was recorded in utilities, transport and warehousing and rental, hiring and real estates. ![]() Of the 1.8 million, 1.0 million were available to start work straight away, and an additional 472,600 were available to start within four weeks. Labour availability: 1.8 million people were not working but wanted to work in February 2023, same number with a year earlier. Gender: 9.4% of women changed jobs in the year while 9.7% of men changed jobs The absolute number of people changing businesses rose by 41,100 persons compared to the previous year, the highest annual job mobility since 2012 (Chart 2). ![]() The ABS estimates that 1.3 million Australian workers changed their employer or the business they operated in the year to February 2023. ![]() 9.5% of the Australian workforce changed their employer or the business they operated in the year to February 2023 – maintaining the highest annual rate since 2012 – same rate 9.5% in February 2022.
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