The cities where Australians are switching jobs more often – and the surprising places where 10 years with the same boss is typical
The cities where Australians change jobs more often – and the surprising places where ten years with the same boss is typical
Workers in Brisbane change jobs more often each year than in any other part of Australia to get a pay rise during a cost-of-living crisis.
An analysis of LinkedIn profiles by CV.io has revealed that Queensland’s capital has the highest number of jobs, with 18.6 percent of employees leaving after just one year.
Brisbane also has a younger population than Sydney or Melbourne and is home to a large proportion of the inner city’s renters and university students.
High employee turnover is also linked to a higher concentration of jobs in banking, information technology and hospitality.
Workers in Brisbane change jobs more often each year than in any other part of Australia to get a pay rise during a cost-of-living crisis (pictured shows the city from Kangaroo Point)
By comparison, 18.1 percent of workers in Adelaide left within 12 months, compared to 16.7 percent in Canberra, 15.5 percent in Melbourne, 15.2 percent in Hobart, 14.1 percent on the Gold Coast and Newcastle , 14 percent in Wollongong and Sydney, and 13 percent in Geelong.
Amanda Augustine, a career expert at Resume.io, said changing jobs was a better way to get a raise.
“Every time you change jobs your salary can increase by as much as 20 percent, while most workers only get a 3 to 4 percent annual pay increase,” she told Daily Mail Australia.
This is considerably higher than the 3.6 percent increase in the wage price index during the past financial year.
Workers who stay in the same job effectively receive a 1.8 percent cut in real wages, as broader salary increases lag behind inflation of 5.4 percent.
This means that changing jobs is also a better way to get better working conditions, while unemployment is still low at 3.7 percent.
‘In addition, it is often easier to negotiate package extensions and flexible working arrangements during a new job interview than during a compensation interview with your current employer,’ says Ms Augustine.
At the other end of the scale, Newcastle had the most loyal employees, with 20.5 percent having worked with the same employer for ten years or more.
This puts it ahead of Brisbane’s 20.3 per cent, Adelaide and Wollongong with 20 per cent, Sunshine Coast with 18.5 per cent, Hobart and Geelong with 17.4 per cent, Melbourne and Canberra with 15.5 per cent and the Gold Coast with 15 .4 percent.
Sydney was nowhere to be found in the top 10 for employee loyalty.
However, the job jump could slow with the Reserve Bank of Australia expecting unemployment to rise to 4.5 percent by the end of 2024.
Then 114,500 people would lose their jobs.
But pressure on the cost of living continues to increase in some areas, despite a recent moderation in overall inflation, making job changes a high priority.
Commonwealth Bank data, based on the spending habits of its seven million customers, shows annual education costs rose 14.7 per cent in August, up from 9 per cent in July, due to a surge in the number of new international students.
Queensland, the state with the largest share of job changers, saw the largest monthly spending growth of 1.5 percent in August.
At the other end of the scale, Newcastle had the most loyal employees, with 20.5 percent having worked for the same employer for ten years or more (pictured are swimmers at Nobbys Beach)
Amanda Augustine, a career expert at CV.io, said changing jobs was a better way to get a raise