More labour market turbulence

People changing jobs at a high

This article is by Jim Bright and was published in the Fairfax press.

The latest Australian Bureau of Statistics (ABS) Job Mobility report sheds some light on what is happening in the careers world.

Of the 13.8 million people employed as of February 2023, 2.9 million (about 28 per cent) had started their job in the previous 12 months.

A little more than half of those were new to the world of work, or had not worked in the previous year. Just under 10 per cent changed from one job to another in the year. This is the highest in a decade.

By far the most popular reason for the change was a desire to do something different, or find a better job, the ABS stats released at the end of June show.

Don’t forget wage theft, bullying, sexism, micro-managing and dead-end careers. (Malcolm King)

That desire accounts for over a quarter of job changers and is almost twice as prevalent as the next couple of reasons – a temporary job coming to an end, or being retrenched, which was experienced by around 13 per cent of job changers.

Males were 50 per cent more likely to be retrenched than females, about 20 per cent more likely to leave for a change or something better, and over twice as likely to leave to set up their own business.

Females were almost three times more likely to leave for family reasons. Females were almost 4 times less likely to have been sacked.

Most people who changed jobs stayed within the same occupational grouping. This particularly applied to professionals, trades workers and technicians. However, sales personnel and labourers were the only two occupational groups more likely to change into a new occupation entirely.

Is it true that young workers are less loyal and more prone to leave? Yes and no. They still account for the highest proportion of job changers at nearly 15 per cent, compared to fusty 45 to 64 year-olds at just under 6 per cent.

However, that represents a decline from the heady days of 1996, when 23 per cent of the youngsters changed jobs.

Put your best foot forward

Malcolm builds expert resumes, cover letters and LinkedIn profiles, which unleash an unbeatable business case to promote you as a ‘must have’ asset to an employer.