Employee Turnover in the Resources Sector continues to trend upwards as competition for experienced and competent employees ramps up.
Although the results of the latest Resources Industry Turnover Analysis (RITA) report showed that overall industry turnover increased to a relatively modest 12.0% per annum we all know averages can be deceptive. In particular turnover among blue collar employees continued to rise with several sites experiencing turnover in excess of 20% per annum.
The gold sector has been buoyant for some time but now we see increasing opportunities in the Nickel, Iron Ore and the emerging Lithium sector which are encouraging employees to “jump ship” for better rosters, improved pay and conditions or career opportunities. Whilst we aren’t back to boom time conditions yet, mining employers are finding it increasingly difficult to source qualified and experienced employees who are willing to live or work remotely.
Mining Contractors and service providers in particular are struggling to keep a lid on turnover as a number of new projects or expansions of existing operations compete for staff. We can only see the market getting tighter as recently announced expansions by major players and a number of mid-tier producers add to the already existing demand. Whilst the official ABS wage growth statistics don’t reflect it yet there is definitely pressure on wages and salaries and a number of companies are reviewing existing rosters and other employee offerings as part of their attraction and retention strategies.
Major infrastructure projects on the east coast are also adding to the pressure as there is plenty of work available for operators and tradespeople who might otherwise be attracted to jobs in the resources sector.