Last month, human resources platform MyHR reported there are warnings of a 'Great Resignation' in New Zealand, with staff turnover increasing by 58.2 percent between April 1, 2021, and March 31, 2022.
MyHR surveyed more than 1,250 companies and 27,000 employees to find that workers have had perspectives altered since the pandemic.
There are a number of factors driving the resignation:
As the country emerges from lockdowns and travel restrictions, there will be a mass exit of workers in their 20s heading overseas to travel and start OEs that had been postponed.
Employees want roles that allow for remote and flexible hours - working when they want and where they want to cater to different priorities. On the flip side, working from home has also produced levels of employee burnout - blurred lines between work and home life. Both of these situations seek a greater work-life balance.
Salary expectations increase. As minimum wage rises, so does the cost of living, and employees are after more.
Career development and the ability to work up the corporate ladder is also more critical for Kiwis. Workers want to see a pathway for future growth rather than being stuck in an endless role.
Even before Covid hit NZ, the nation was experiencing a skills shortage, so retaining talent is more important than ever.
