The majority of Australian and New Zealand employers feel they were forced to make too many redundancies during the GFC which they now regret, according to research from Hudson.
According to the Hudson Positioning for growth report a staggering 84 percent of employers surveyed believed they had made too many redundancies during the GFC. Hudson’s survey polled 605 employers and 1690 employees from Australia and New Zealand (approximately 80/20 sample split between the two countries).
Hudson’s survey also found that slightly more than half (53 percent) of employers put major business development plans on hold during the GFC, with a similar number (51 percent) reporting profit or revenue falls during the period.
The economic outlook however, is positive, with with 88 percent of employers and 87 percent of employees in the Hudson survey reporting feeling upbeat about the future of the economy and their role within it.
Employers are concerned about a skills shortage, with 44 percent reporting it very hard to find staff in the current economy. Employees on the other hand are looking to leverage this, with 62 percent of employees surveyed by Hudson reporting they were looking for other jobs, whether actively or passively. Alarmingly for employers looking to retain staff, 93 percent expect to be in a new role at another employer within 18 months.
