The Mining industry has among the highest mobility of any sector, with 17% of employees moving within a year.
However, this has fallen considerably in the last decade from 26% in 2002, signalling labour force maturity and thus, need for longer term income and savings protection and planning for workers. [ABS 2010]
The average minimum cost of employee turnover is $51,811. [UQ SMI]
Nearly 40% of employees say benefits play a significant role in their decision to stay with a company. [Mercer Australia Survey Sep 11]
60% of employees are dissatisfied with their employer’s retirement savings plan. [Mercer Australia Survey Sep 11]
All employees are looking to their employers for more communication and support in understanding their needs and preparing for their retirement. [Mercer Australia Survey Sep 11]