New research from LinkedIn reveals that Australian workers remain undeterred by the pessimistic commentary about the economy and are optimistic about their prospects in the job market.
Despite a 19 per cent decline in hiring recorded in December, the LinkedIn data shows that 59 per cent of Aussie workers are considering a switch from their current job in 2023, with 56 per cent expressing confidence in securing a new role.
This appetite for a career change is driven by self-belief, with over 92 per cent expressing confidence in their abilities at work. The research reveals that 39 per cent feel more confident in leaving their current job for a new challenge, while 43 per cent are confident in finding a new job, and 21 per cent expressed confidence in their abilities to find a better position than the one they currently have.
While 60 per cent expressed happiness in their current roles, Aussie workers have no qualms about switching jobs, the chief reasons being financial considerations (40 per cent) and better work-life balance (31 per cent).
The openness towards new job opportunities comes as employees are bearing the brunt of current economic challenges. In fact, 27 per cent stated that economic uncertainty has them working longer hours and taking on more responsibilities, 66 per cent feel overworked and undervalued, making them feel not personally committed to their current jobs, and 67 per cent do not feel their employer is invested in them. Because of this, 63 per cent feel they will not be in their current role for a long time.
Thinking about why they’ve left a job in the past, 54 per cent said that they did so due to a bad boss, while 48 per cent said it was due to a lack of leadership.
“Australians are not putting their careers on the backseat despite the uncertain environment, and are instead driving forward, trusting their abilities and looking to grow their careers,” Cayla Dengate, LinkedIn’s career expert, said. “Since the pandemic it’s clear professionals have built up a bank of resilience and we’re seeing this in their confidence to tackle the year ahead. Many are still looking for a job that works for them, with a wage that matches their value and a role that offers work-life balance and flexibility.
“Job seekers are being intentional in their search and are taking steps to recession-proof their current roles by learning new skills or brushing up on existing ones,” Dengate added. “While no one can predict how things might change, for those looking to make a change in 2023, look at how your skill set may be applied to other roles, as this could open up additional opportunities and roles.”
