Hold on Tight… to Your Staff

As the employment market tightens, it’s more important than ever to hold on to your staff… but how do you do it?

According to a Deloitte Global 2022 Gen Z and Millennial Survey of 14,808 Gen Zs and 8,412 millennials across 46 countries, 40% of Gen Zs and nearly a quarter of millennials would like to leave their jobs within two years, and roughly a third would do so without another job lined up.

So why is this so?

According to Deloitte, “Gen Zs and millennials are deeply concerned about the state of the world. They are worried about climate change, wealth inequality, geopolitical conflicts, and more, and they are resolved to drive change”.

They’re also finding the challenges of everyday life a challenge, citing financial anxiety (29% of Gen Zs and 36% of millennials selected cost of living as their greatest concern), a lack of work/life balance, and consistently high stress levels as key issues.

Important for employers to know is that they want “businesses and governments to do more to help”.

Here’s what you can do.

While compensation and burnout are driving many to leave their jobs, work/life balance, learning and development opportunities, and positive workplace cultures are the primary drivers for Gen Zs and millennials when choosing a job. They’re also after purposeful work.

Read the full report here.

Looking for Talent?

The Ayers Group can help you secure local and international contractors by managing all the administrative requirements with speed and accuracy. As one of few companies approved by the Australian Department of Home Affairs (Immigration Department) to hire and on hire international workers, we take the burden out of sourcing global expertise.