Key survey findings: (Source: 2014 Michael Page New Zealand Employee Intentions Report)
50% of survey respondents indicated they are very likely to change roles in the next 12 months.
Over the last 12 months, 81% of survey respondents looked for a new job. 90% of these survey respondents attended an interview, with 62% interviewing for a role in a different company. Of the survey respondents who attended an interview, 34% were offered the role and accepted a new job last year.
- Most survey respondents reported scope for career progression is important when looking for a new role this year (27%), followed by a salary increase of 10-12% (23%).
3 June 2014: Jobseeker activity in New Zealand is expected to remain healthy over the next 12 months, with many professionals likely to seek a new role in the coming year, according to the 2014 Michael Page New Zealand Employee Intentions Report.
The report reveals 50% of surveyed professionals are very likely to change roles in the coming year and 23% are quite likely to look for a new job. This follows positive jobseeker activity over the last 12 months, with 81% of surveyed respondents revealing they looked for a job in the past year. Of these respondents, 90% attended an interview and based on the total number of all survey respondents, this is equivalent to 73% of all survey respondents. Further, 62% interviewed for a role in a different company and based on the responses of all survey participants, this is 50% of survey respondents. Some 34% of respondents who attended an interview were offered and accepted the role last year, equating to 31% of all survey respondents.
“Over the last 12 months New Zealand experienced an active and competitive job market and this will continue in the year ahead. Healthy economic conditions with a strong dollar, high business confidence and a low unemployment rate is expected to drive a positive business market and rising demand for professional talent and job opportunities in the coming months,” says Mr. Pete Macauley, Regional Director of Michael Page in New Zealand.
“With a number of professionals expected to look for a new role in the next 12 months, it is critical that hiring employers put their best foot forward and offer a range of incentives to attract top talent, as should companies focused on retaining their staff,” adds Mr. Macauley.
Surveyed employees said they are most interested in scope for career progression in their next role (27%). Remuneration is also a key motivator with 23% of surveyed respondents expecting a 10-12% increase on their current base salary to change jobs. For most employees who will consider remaining in their current role, financial reward based on performance, including a salary increase or bonus, is an important factor (29%), followed by additional career development supported by training (17%).
Employee incentives, such as benefits and work-life balance options, also continue to influence professionals’ decision to stay with their current employer or look for a new role. Healthcare and health insurance was ranked by 35% of surveyed employees as the benefit they would most like to receive from their employer and flexible working arrangements is most preferred by 58% to encourage work-life balance.
To read the full report, visit https://www.michaelpage.co.nz/news-research