Employee Turnover continued to trend higher in the Resources Sector prior to the impact of Covid-19.
The results of the latest Resources Industry Turnover Analysis (RITA) report showed that overall industry employee turnover continued its upward trend over the previous 12 months to just over 14.0% per annum. There was particular pressure in the gold sector and amongst contractors and service providers to attract and retain suitably qualified and experienced employees. The report covers mining and processing operations and associated service providers and excludes Corporate offices.
Difficulty in recruiting some skilled trades and operators to regional residential sites and remote FIFO operations continued and our site based consulting projects often showed several unfilled vacancies on the organisation chart. Although the downturn in the previously fast growing lithium sector released some skilled labour into the pool there was feedback from companies that in addition to difficulty in sourcing the “usual suspects” qualified paramedics and operators with the skills to work in centralised mine control facilities were in high demand too. This was particularly influenced by the rosters on offer and opportunities for job flexibility and upskilling.
The bulk of the survey period was before the impact of Covid-19 turned mining arrangements upside down so the future impact on employee turnover in the sector is unclear. Will employees look for stability with their current employer rather than pursue other opportunities? What will be the impact of the general economic downturn on the sector and the current standstill in terms of apprentice training and employee upskilling?
One thing that seems certain is that we won’t be heading to industry turnover levels of nearly 30% per annum that we recorded in 2007.