Workers aren’t leaving their jobs. Here’s why that’s a problem
There’s an intriguing trend happening in the job market right now. In previous years, employees usually jumped from job to job, searching for better terms and loftier titles as they zigzagged their way up the career ladder. But we’re now starting to see the opposite of this, with workers staying in their jobs for longer.
This is referred to as “job hugging”, in which people choose stability and security over switching roles – and it’s one of the earliest signs of a jittery market.
Rather than find a new, more fulfilling job, workers are staying put, often to their own detriment.Credit: Chris Hopkins
If you’ve ever clung onto a role long past its expiry date, or because you’ve told yourself that things are going to get better one day, you’ve probably hugged your job too tightly.
Data from the Australian Bureau of Statistics indicated that just 7.7 per cent of workers – or 1.1 million people – changed jobs in the past........
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