New Zealand – Most professionals who plan to change jobs cite an uncompetitive salary as main factor

More than a third of skilled professionals in New Zealand plan to look for a new job in the next 12 months with an uncompetitive salary being the main motivating factor for 55% of them, according to research from Hays.

While 36% plan to change jobs, Hays also found that 33% of skilled New Zealand professionals rule out looking for a new job in the coming 12 months, while the final 31% were unsure.

Of those planning to look elsewhere, 48% cite a lack of promotional opportunities as a factor. Other motives are poor training and development (29%), a lack of new challenges (28%), poor work-life balance (18%) and a poor benefits package (18%).

“Salary and benefits remain a key driver for job hunters, with career progression becoming more important to them,” Jason Walker, Managing Director of Hays in New Zealand, said. “As our survey shows, employees are increasingly willing to consider career advancement elsewhere if they do not believe it can be achieved with their existing employer.”

“Three of the top four factors spurring people to look for a new job focus on career development,” Walker said. “This suggests employers could be doing more to develop their existing talent. One way to do this is to upskill existing staff, which not only meets their developmental and promotional needs but helps an organisation cultivate its future talent needs,” he said.

Meanwhile, 45% say they are extremely or very satisfied in their current job, and 47% and 58% are extremely or very satisfied with their current employer and current direct manager respectively.

Hays’ study also found that voluntary staff turnover increased in 33% of organisations in New Zealand over the last 12 months.

Source:: http://www2.staffingindustry.com/row/Editorial/Daily-News/New-Zealand-Most-professionals-who-plan-to-change-jobs-cite-an-uncompetitive-salary-as-main-factor-46594