Companies are likely to experience increased levels of turnover over the next six to 12 months as optimism in the employment market continues to rise, banking and wealth management recruitment group Profusion has reported.
"In the past couple of months, activity in areas that were previously very quiet such as sales and marketing have improved with more roles for business development managers, financial planners and account managers now available," Profusion director Simone Mears told InvestorDaily.
Based on conversations Profusion had with job candidates over the past eight weeks, there were early indicators that higher company turnovers were likely as confidence in the employment market rose and more people inquired about employment opportunities.
"It's like people are waking up after 12 months in hibernation and they are starting to stretch and yawn," Mears said.
People had stayed in positions longer than normal or taken up redeployment or job roles for lower salaries due to decreased employment opportunities since the global financial crisis, major activity in the merger and acquisition space and more company restructures, Mears said.
"People had accepted that their annual bonus was the fact they had a job, but companies must now refocus their sights on retention before the employment market returns to more normal levels," she said.
"Companies must put the issue of retention back on the table, because if they don't energise and motivate staff in the short term they will have difficulty retaining them in the long term."
