
AFR — Staff retention strategies top of mind for finance bosses
Kris Grant, CEO of ASPL Group, shares strategies for retaining staff, in response to the tightening labour market and talent shortage with the Australian Financial Review.
It is not surprising that many Australians are incredibly burnt out from the rising pressure of the Great Resignation, influencing over 1 million people resigning from their jobs. We haven’t seen a number this large in over 10 years.
Despite many Australians increasingly leaving companies for monetary benefits, it is evident that employees are happier staying with companies who provide work life balance initiatives, flexibility, decreased levels of overtime and prioritise employee wellbeing to reduce increasing burnout rates. Kris Grant, CEO shares with The Daily Telegraph and News.com.au reasons for why resignations could skyrocket further in the next few months, predicting the quit rate could hit 15 per cent by the year’s end as the labour market tightens with record low unemployment rates.
Kris Grant, CEO of ASPL Group, shares strategies for retaining staff, in response to the tightening labour market and talent shortage with the Australian Financial Review.
‘Employees who aren’t happy will walk’, CEO Kris Grant shares her thoughts on the latest employee turnover rates as many individuals take the lyrics from Beyonce’s newest single as a sign to hand in their resignation.
In the first half of 2022, Australian job advertisements reached its highest record level in 16 years. The rise of recruitment activity meant job ads were 25.7% higher compared to a year ago and 77.3% higher (or about 130,100 available positions) than pre-covid levels. SEEK revealed that job ads rose 2.1% from April and 25.6% year over year.
Most industries across Australia are suffering from skill and talent shortages. The National Skills Commission predicts almost a million new jobs will be created by 2025 on top of this. Our CEO Kris Grant shares with the @Smart Company’s five strategic priorities to retain staff to ensure businesses survive in one of the most challenging skill crises we have had in a long time.
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