According to figures released by the Australian Bureau of Statistics (ABS) today about one in six workers started work with a new employer/business during the year to February 2010.
In the ABS’ Labour Mobility, Australia, February 2010 data released today 18 percent of the 10.9 million people who were working at February 2010 had been with their current employer for 12 months or less, indicating quite an amount of employee turnover post-GFC. Almost half of these (963,000) had changed their employer/business during the previous 12 months.
When it came to a breakdown by age, Gen Y/X or those aged between 25-34 and 35-44 years old were most likely to change their employer/business in the last 12 months.
Looking at changes in employee roles when they stayed with the same employer, some 7.1 million employees working at February 2010 had been with their current employer for one year or more. Of these, 1.8 million employees, or one in every four (25 percent), experienced some change in work. Over half (51 percent) of those who had experienced a change in work, had changed the number of hours usually worked, with 43 percent promoted and 10 percent changed occupation (people could have reported more than one change in work).
The number of employees leaving jobs during the year ending February 2010 totalled 2.2 million Australians. Employees leaving their jobs voluntarily fell in the last year with 58 percent voluntarily leaving their job, compared to 70 percent in 2008.
Involuntary loss of employment during the GFC hit new employees hard, with 47 percent of the 917,300 Australian’s forced out of work having been with their current employer for less than 12 months. The most common reason for involuntary job loss was ‘Retrenched by their employer or went out of business’ (50%).