64% of Australian tech workers mull career change in 2024

Research by recruitment firm Robert Half reveals that 64% of Australian tech workers are open to a career change within the next 12 months.

The study indicates a significant number of tech workers in Australia feel their current roles do not align with their career aspirations or lifestyle needs, prompting them to consider a switch. Nevertheless, more than a third, precisely 36%, of tech employees remain uninterested in changing careers at this time.

A breakdown of the findings shows a generational trend, with younger employees displaying more eagerness for change. Gen Z leads, with 62% expressing willingness to switch careers, closely followed by Millennials at 61%. Gen X and Baby Boomers have slightly lower figures at 59% and 57%, respectively.

Geographical differences also emerge from the data, with Victorian tech workers (62%) showing a higher propensity for switching careers compared to those in New South Wales (56%), Western Australia (54%), and Queensland (52%).

Nicole Gorton, Director at Robert Half, commented, "In today's economic climate, we're seeing a significant uptick in professionals reevaluating their career path. The uncertainty and volatility of both work and life over the past few years have spurred many to seek new opportunities for growth, stability or better alignment with their values. The traditional notion of staying in one career for life is fading. People are realising that many of their skills are transferable and that a career change may offer them a fresh start and a better future."

The primary motivations for tech workers contemplating a career change include the potential for higher earnings (52%) and a better work-life balance (47%). Other reasons are the desire for a new challenge or acquisition of new skills (39%), improved job security and stability (39%), and limited advancement opportunities in their current careers (26%).

Gorton highlighted, "Following the COVID-19 pandemic, many workers are reshuffling their priorities and want to give precedence to work-life harmony. Meanwhile, others are feeling the pinch of inflation and stagnant wages, and aim to pursue a career that offers better compensation and financial security. Some industries also have been hit harder than others by economic downturns, forcing the hand of workers to explore more resilient sectors with more secure long-term prospects like mining, professional, scientific, and technical services."

"Before making a career switch, it's crucial to undertake thorough research. Understand the skills and qualifications needed for the new field and be prepared to invest in training or education if necessary. A career change sometimes means starting from scratch but it's a worthwhile investment if it leads to a more fulfilling and secure future. It's not just about quitting, it's about finding the right fit," advised Gorton.

Gorton also emphasised on the critical role employers play in this changing workforce landscape. She concluded, "It is equally as important for employers to understand the changing dynamics of the workforce. Offering competitive salaries, flexible work arrangements and opportunities for professional development are crucial for attracting and retaining top talent, especially when these aspects of a role can be a reason to push staff out the door and into a new career path."