Staff hold power cards in “Great Resignation”

Australian staff are holding the power cards as the effects of the “great resignation” result in high staff turnover rates.

A survey by financial services firm Findex of more than 500 small and medium-sized enterprises (SMEs) found that over half of firms are concerned about their ability to retain staff over the next 12 months, Business Insider reports.

New CSIRO research also shows one in five Australians plan to continue working from home at least part of the week, a factor experts say will impact their perspectives on employment looking forward.

Findex’s research showed that a third of SMEs have recorded a drop in staff satisfaction this year.

Despite the popularity of working from home, almost two thirds of businesses want their staff back in the office for most of the working week.

In contrast, 85% of employees said they wanted to continue to work from home or retain flexible working practices.

Other research also suggests employees are transitioning to new jobs at the fastest pace since the start of the pandemic.

The number of workers changing jobs up 26% in October compared with the same month in 2019.

Read more at the Business Insider.