Construction firms scale back
The survey of more than 200 Victorian property and construction firms found 32 per cent of professional staff across the industry listed career advancement as the primary reason for resigning from their positions.
Firms continued to shed large numbers of staff through redundancies, Pace found.
More than half the engineering, architecture and construction companies surveyed had laid off staff during the past year.
Planning was the only sector where fewer than 50 per cent of firms experienced redundancies.
Construction firms shed the most staff - 77 per cent had downsized with 31 per cent losing between six and 20 employees.
A desire to be challenged was the driving force behind most people's decision to voluntarily change jobs, the survey's author, Matt Sampson, said.
"Career advancement is a strong motive for many in the planning, architectural and construction sectors," Sampson said.
"They are professionals looking for new challenges on a daily basis and if their current role doesn't provide this, they will certainly look elsewhere."
But most sectors were not struggling to recruit experienced staff either, the survey showed. Nearly nine out of 10 architecture firms said they had no difficulty attracting technical or support professionals.
Voluntary staff turnover over the past 12 months has been extremely low, with half the firms having no resignations.
The low levels of staff movement match the contraction in Victoria's construction sector.
But executives and managers are working long hours: 81 per cent in each category reported working more than 45 hours per week.
On the other end of the scale, a significant proportion of companies have had to pay higher salaries than expected to attract the right candidate.
The survey identified a surprising resilience and optimism across the sector.
Over the next 12 months, 37 per cent of companies expect business to increase, 49 per cent expect it to remain stable, while only 14 per cent expect it to decrease.
Frequently Asked Questions about this Article…
The Pace Survey found career advancement was the top reason people left these firms — 32% of professional staff cited career advancement as the primary factor. The survey author noted many professionals change roles because they want to be challenged on a daily basis.
More than half of the engineering, architecture and construction companies surveyed reported laying off staff over the past year. Construction firms shed the most staff — 77% had downsized, and 31% lost between six and 20 employees. Planning was the only sector where fewer than 50% of firms experienced redundancies.
Voluntary staff turnover has been extremely low: half of the firms surveyed reported no resignations over the past 12 months. That low movement in staff aligns with a contraction in Victoria's construction sector.
No — nearly nine out of 10 architecture firms said they had no difficulty attracting technical or support professionals, according to the survey.
Yes. The survey found that 81% of executives and 81% of managers reported working more than 45 hours per week, indicating significant workload pressure at senior levels.
Yes. A significant proportion of companies reported having to pay higher salaries than expected to secure the right candidates, reflecting recruitment cost pressures for some employers.
The survey showed surprising resilience and optimism: over the next 12 months, 37% of companies expect business to increase, 49% expect it to remain stable, and 14% expect it to decrease.
Investors following Victorian construction and architecture firms may want to monitor key signals highlighted by the survey: redundancy rates and downsizing levels (especially in construction), recruitment success and salary inflation, executive workload as a sign of capacity constraints, and the sector's stated near‑term expectations (37% expect growth, 49% stable). These trends can affect company costs, project delivery and future revenue, so keeping an eye on staffing and recruitment updates in company reports and industry surveys can be informative.
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