Due to the high demand for IT jobs in Australia, many people do not stay in their jobs for lengthy periods.

• Employee turnover among permanent IT professionals has increased in the last three years, according to 71% of Australian CIOs, and is highest in large companies (83%).
• The increase in voluntary employee turnover, according to 46% of CIOs, is due to the availability of more IT positions in the market.
• Permanent IT personnel currently have an average of 4.6 years of experience.

In Australia, there is such a strong demand for IT specialists that many do not stay in one position for long before moving on to a better opportunity.

According to research commissioned by specialized recruiter Robert Half, the progress and application of new technologies are creating both opportunities and challenges in the IT job market.

Over seven out of ten (71%), Australian CIOs think employment turnover among permanent IT professionals has grown significantly in the last three years, with one out of every five (20%) stating it has been “substantial.”

According to some estimates, there will be 722,000 IT professionals in Australia by 2020, up from 600,000 in 2014, however, there is already a skills deficit.

According to Australian CIOs, over a third (31%) of IT personnel depart within two years or less.

Voluntary IT staff turnover is highest in big organizations (83%), followed by medium (77%) and small organizations (77%), according to the study, which polled 160 Australian CIOs (52%).

In the top five reasons for leaving, there are more IT employment chances in the market (46%) than there are in the company (41%) and there are concerns about corporate performance and fear of redundancies (36%) as well as a lack of work-life balance and a desire for a more diversified career (32%).

“As firms progressively embrace new technologies that demand specialized skillsets to handle them, the technology sector is booming, generating a wealth of possibilities for exceptional IT workers,” says Andrew Morris, Director of Robert Half Australia.

“In this environment, in-demand IT experts who want to expand their career chances will look for fresh options everywhere they can,” he adds.

From reduced productivity and employee morale to increased recruitment and training costs, as well as loss of company knowledge and experience, losing top performers can harm a company’s bottom line. This highlights the importance of having a proactive and well-developed staff retention strategy.”

“While individual workers have the right to pursue other career options, IT businesses may take efforts to prevent employee turnover by listening to and responding to their employees’ problems before they develop.”

“Effective retention methods include regular wage benchmarking, difficult projects, and career advancement possibilities, as well as employee appreciation.”

Robert Half Australia created the yearly study, which was then carried out by a third-party research firm. The findings of 160 interviews with CIOs/CTOs from organizations across Australia have been divided into three categories: firm size, sector, and location.

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