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With the cost of turnover being 25%+ of an annual salary...what are companies doing to retain staff in 2022? From outsourcing overseas, to offering exponential pay rises to retain staff; Australian businesses are feeling the brunt of turnover in a big way - with predictions that the candidate’s market isn’t expected to swing the other way anytime soon.
Here in Australia, we are facing the Great Poach! The unprecedented mix of stunted immigration, lockdowns, and other restrictive measures has created a supply and demand issue in favour of the worker. Employed or not, if the candidate has the necessary skills, they are being targeted by employers to fill their own talent gaps.
How many of us have the same old resume template we have been using for years? If you are like the thousands of other job seekers out there, chances are you’ve painstakingly structured your resume in a list-like format highlighting previous job titles and duties. Sadly, this common method is actually not best practice and could even be screening you out of potential opportunities.
With the nature and stresses of modern workplaces, burnout is affecting more and more people. A study by Indeed found that over half of respondents experienced burnout in 2021. This was up from 43% in the year prior. The condition of burnout itself is characterised by reduced professional efficacy, alienation from one's job, and feelings of exhaustion. In other words, burnout is the sum of accumulating stress at work, and it can affect just about anyone.