MARKET TREND: April 2010

Information from a session with SEEK regarding results of a satisfaction survey of 3000 job seekers:

• Job security has increased and so too has unhappiness in the work place
• Employers cannot be complacent and expect staff to be grateful
• Staff want: self development, a positive work environment and the feeling of being appreciated by being engaged
• Q: should management KPI's include 'staff motivation' as a key KPI?
• 68% of employees have their 'eyes open' for other options
• Morale is seen as an issue – with 49% stating negative morale in the workplace
• 52% would not recommend the company they work for
• 49% want better management – as in well trained managers
• The BIG 4 drivers / motivation: stress levels, quality of management, My Boss, career development
• Morale is the single biggest predictor of someone feeling secure
• Gen Y on the lookout to move
• Traits considered valuable in managers;
  a) openness and honesty @ 65%
  b) communication @ 63%
  c) encourage and listen to suggestions @ 61% 
  d) support the team @ 60% 
  e) regular feedback @ 40%

Conclusions:

• It is a critical time to protect your employer brand
• Managers cannot afford to be complacent; protect those you have & retain
• Cost of re-employment is still high
• Skill shortages do exist and could further emerge very quickly
• Positive focus as opposed to negative