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Employee satisfaction dips as Australian workplaces tackle retention challenges
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Employee satisfaction dips as Australian workplaces tackle retention challenges
Australian workplace satisfaction has declined to 78 per cent as companies grapple with economic pressures and changing work dynamics, according to a new report.
Employee satisfaction dips as Australian workplaces tackle retention challenges
Australian workplace satisfaction has declined to 78 per cent as companies grapple with economic pressures and changing work dynamics, according to a new report.
The Great Place to Work 2024 Insights Report, surveying over 144,000 employees, found confidence in executive teams dropped by 5 per cent.
Small companies improved satisfaction rates to 83 per cent, while medium-sized businesses saw a decline from 73 to 66 per cent.
Great Place to Work Australia General Manager Rebecca Moulynox said workplace culture was evolving.
"What we're witnessing is a fundamental shift in how Australian organisations approach workplace culture," Moulynox said.
Leading companies are implementing innovative benefits including gender-neutral parental leave, nine-day fortnights and global work flexibility programs.
The report identified trust, purpose-driven culture and workplace equity as key factors reshaping workplace success.
Millennials and Gen Z now make up 67 per cent of the workforce, while part-time roles increased 1 per cent.
Only 14 per cent of part-time employees hold leadership positions, and female executive representation fell 1 per cent.
Companies are focusing on reconciliation action plans, disability initiatives and reformed recruitment processes to prevent bias.
"Despite economic pressures, innovative organisations are maintaining strong cultures through intentional leadership and meaningful initiatives," Moulynox said.
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