THE skills shortage is hitting business hard, with turnover on the rise, more companies recruiting staff from overseas and workers picking up the biggest salary increases in Western Australia and Queensland, both riding high on the mining boom.
The Australian Institute of Management's National Salary Survey 2007 has revealed that big companies now find it increasingly difficult to hold on to staff.
According to the survey, staff turnover is heading north and it is expected to keep moving in that direction. Turnover was 12.6 per cent for 2006-07, up from 11.5 per cent the previous year and 9.9 per cent in 2003-04.
The main reason for resignations, cited by 60.9 per cent of large-company employees, was to advance their career and promotion opportunities.
The survey raises questions over whether companies are doing enough to hold staff. Only 52.3 per cent of big corporations have a dedicated training budget and only 54.5 per cent of salaried staff in large companies have development plans in place, the survey says.
While 34 per cent of large companies employ staff from overseas, as many as 63.8 per cent indicated they were willing to employ overseas candidates to cover the skills shortfall.
Most of the migrant labour came from Asia (48 per cent) and Britain (44 per cent), with most of the new arrivals primarily filling construction and engineering roles.
The survey also found that the resource boom states of Western Australia and Queensland recorded the highest pay rises, at 6.8 per cent and 5.1 per cent respectively.
Both states are powering ahead on the momentum of a mining and construction boom.
But the sectors are also in the grip of a skills shortage that is driving up wages as executives search to find enough workers for their projects.
The highest salary increases, at 6.1 per cent, were in the mining and quarrying sector. This was followed by banking and finance (5.7 per cent) and construction and engineering (5.6 per cent).
The lowest salary increases were in electronics/IT (3.2 per cent), retail (3.6 per cent) and manufacturing/food/beverage/tobacco (4 per cent).
Large-company employees in Victoria and Tasmania received an annual salary rise of 4.6 per cent. This was in line with the national average for large companies.
It was also significantly higher than the 4.1 per cent recorded in NSW and the ACT, which had the lowest salary increases in the country.
According to the survey, only 47 per cent of companies intended to revise their human resources and pay policies as a result of the Howard Government's WorkChoices law.
Visa for Australia and Australia Visa Application made easy!
Australian Working Visa made possible to easily have one!
Visit Australia Immigration at http://www.nationalvisas.com.au for further details!
Listed below are more articles related to the above article from the "Human Resource" article category.
People interested in the above article "Rising Staff Turnover Pushes Hunt for Workers Overseas! Get Your Australian Skilled and Working Visa" are also interested in the related articles listed below:
Utilizing employee monitor to monitor employees has been a hot discussion in the last four years. Generally speaking, employers should inform employees of the monitoring operation in the company, but a few employers would rather keep silence. There is also a truth that virtually ninety percent the surveillance software that are installed in employees' computers can be executed in background which cannot be recognized in program list. As employees, what is your first action?
Rigorous pre employment criminal background checks is the only way out, and it has got the potential to stop hiring of an employee who is involved in any criminal activity, employee theft, fraud and embezzlement in the past. Employment criminal background checks are savior to financial loss and work environment peace.
There are so many different roles that someone working in human resources must fulfil, that it is vital that they have the necessary support structure in place. It can be difficult to find this level of support and often the whole situation can become untenable. There are a number of driving factors that can influence the role and the way in which the department is run. One of these is the lack of support available for the department heads; the other is the presence of an effective and efficient IT solution.
Having the best track record and always coming out on top might seem to be the sign of a happy workforce. And sure, it is true that on the whole employees that feel both valued and motivated will produce great results. However, on the flip side of the coin there may be a situation arising whereby the fear of unemployment drives them to work harder and longer, and so the results can be similar.
Your employees have a huge amount of information about what can be done to escalate your company's profit. This article reviews how an employee survey can gather information and suggestions for boosting bottom line results. Whether your business is small or mid-sized, or a Fortune 500 company, you can significantly increase performance, profit, sustainability and competitiveness by closely listening to your employees. Conducting an online employee survey / online employee engagement survey is a highly effective and low cost way to gather information, insight and suggestions from employees, no matter what your field of business is.
When it comes to disciplinary procedures, the objectivity that comes with outsourcing hr management responsibilities can be highly beneficial. In fact, a fair disciplinary structure typically relies on objectivity. This article looks at some of the areas in which outsourcing disciplinary procedures can be of particular value.
When a company fails to reach its targets, low employee performance is often blamed. Yet, it is well known that a happy worker is a hard worker. So, by identifying where the problems lie in the system, performances can be improved. This article looks at the role which a hr consultancy service can play in changing systems to ensure the best is given by every employee.
