people2people Recruitment, a leading recruitment agency operating in Queensland, released significant findings from its annual Employment and Salary Report, offering valuable insights into the state of employment in the region.
The report reveals that Queensland employees lead the nation in expressing dissatisfaction with their salary not aligning with their performance or skill set. Additionally, 32% of employees are resigning due to a lack of career opportunities, 15% attributed their resignation to low pay and 14% to a non-supportive work culture.
Looking ahead to 2024, employees in Queensland are prioritising flexibility, with 51% planning to request more flexible working arrangements. This is followed by 41% of employees intending to negotiate a pay rise and 30% seeking additional employment benefits.
In a notable trend, Queensland employers are leading the nation in terms of hiring to drive growth, with 44% actively recruiting for growth. Furthermore, 53% of employers plan to replace existing roles, indicating a dynamic workforce landscape. However, significantly 24% of employers have no plans to recruit at all in the upcoming year.
Commenting on the findings, Ben Wheeler, QLD Managing Director at people2people Recruitment, stated, “Our report also reveals that 59% of employees in Queensland currently feel their teams are understaffed, emphasising the importance of addressing underlying issues within organisations.”
“However, skill shortages are still a struggle for many employers, and employees’ expectations when it comes to work flexibility must be taken into account by employers who want to snatch the best performers out of the market this year. It is crucial for employers to listen to their workforce’s needs and adapt to create a supportive and fulfilling work environment.”
As of February 2024, in Queensland there were 57,400 online job vacancies, the unemployment rate was sitting at 4.3%, while annual job ads were down 0.4%.
Australian Employment and Salary Report Statistics
What employees want vs what hiring managers think they want:
- Career opportunities are the top retention lever in 2024, surpassing management support and trust by 1%. Shortly followed by training and development.
- Over 70% of employees consider training and development to be a key retention lever, while only 40% of hiring managers would agree.
- Hiring managers have a greater understanding of where financial benefits stand in employees’ minds, with only a 1% disparity between their understanding of employees’ financial expectations, and those of the employees themselves.
- Mental health, diversity equity and inclusion, work purpose, career opportunities, training and development and job security have significantly grown in importance to job seekers and employees since 2022.
About people2people Recruitment
people2people is an Australasian recruitment company built on an established reputation for providing professional and personalised recruitment services since early 2005. At people2people recruitment, their focus is on identifying potential today to build careers and businesses of tomorrow. Recruitment expertise includes accounting & finance, business support, executive, government, human resources, legal, marketing & digital, property, sales, supply chain management and technology.
