The increasingly global employment market will underpin an Australian
brain drain if HR doesn’t put in place appropriate retention and
engagement strategies, a recruitment expert has predicted. Randstad
Australia’s HR manager Jane Bartrum told HRR the September data from the Randstad Workmonitor revealed a number of concerning employment trends.
Nearly half of all Australian respondents to the global quarterly
survey believed they were overqualified for their job. However, 84% of
employees in China believed they “hold expertise above and beyond their
current position”. Bartrum warned this could see Chinese workers looking
to move into Australia for career opportunities. She said while the
Federal Government had changed conditions for the Living Away From Home
Allowance (HRR 517)
“there will always be a market for skilled migration in the workforce”.
The data revealed many Australians believed they were overqualified for
their role and most believed the workforce will experience a major
brain drain in the coming years. Nearly 60% of local workers thought
there will be a shortage of highly qualified staff within the next three
years, and the same number believed businesses will suffer shortages in
certain fields. Bartrum said despite international economic
difficulties “local talent continues to look at long term career
opportunities abroad”. She said local talent in their 30s were looking
to move into global brands chasing the opportunity for international
transfers.
“HR needs to be thinking about succession planning and
engagement strategies more.” She said HR should look at the language and
needs of the “more mobile” younger workforce if they wanted to mimimise
turn over and maximise the skills and enthusiasm of their workforce.
She said younger workers increasingly looked to management as “coaches”
and didn’t want to be “told what to do”. “It’s a challenging time for
employers to find a happy medium for an engaged and productive
workforce,” she said.
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