The results of the latest Resources Industry Turnover Analysis (RITA) Report show that employee turnover is on the rise as “green shoots” emerge in the resources sector.
While our recent benchmarking exercise indicates that overall employee turnover increased marginally to 12.1% per annum the national result masked a substantial increase in WA. The relative buoyancy of the gold sector, the emerging lithium market and improvements in other commodity prices are creating new opportunities for employees with exploration, brownfields expansion and some new projects on the drawing board. Anecdotal evidence also suggests that some service providers have had to cut tender prices to secure new contracts and in some cases are struggling to retain employees who are chasing better pay and conditions elsewhere as opportunities arise.
While our figures show turnover on the east coast remains subdued we understand the increasing use of labour hire employees in the mining sector may be masking any increase in employee turnover particularly in Qld.
None of this compares with the previous “skills shortages” when we had various “mega projects” underway and strong competition for labour in other parts of the economy. However after 4 years of relatively stagnant employee turnover our latest data confirms there are tentative signs of a tightening labour market in the resources sector.
FURTHER ENQUIRIES to Jeff Mackie on 0417 911245