Research suggests that Australians are seeking salary increases and benefits over job security.
The statistics represented a reversal of employees desires in 2012. Last year, employees favoured job security and employer financial health above income growth. Receiving a competitive salary and benefits package is now top of the agenda for one in five Australians. Those favouring job security has dropped dramatically from last years results. Now, only 17 per cent of respondents value long-term job security above other factors.
Organisations need to realise that the past four years have been fraught, not just for business, but also for employees.
“Working through challenging economic conditions, people have had to deal with smaller budgets, less resources, increased workloads, higher performance expectations and limited or no employee benefits. “As we move further into 2013, workers increasingly want to be rewarded for their
loyalty and hard work over the past two years. For many businesses in Australia, 2013 workers increasingly want to be rewarded for their loyalty and hard work over the past two years. For many businesses in Australia, 2013 will be the time to repay the faith of their employees,”
The research also suggested Australian workers are unlikely to persevere in a position if they feel their work and loyalty is being unrewarded. This will lead to more frequent shifts in the employment pool and
make talent retention more difficult.
Source: HR News