What do Australian employers want from their workplace?

In a study by RedBalloon, retention of employers is one of the biggest issues currently facing Australian businesses, and the cost of replacing workers is estimated at 150% of their annual salary. Therefore an effective reward and recognition program is what most employers want from their workplace.

The RedBalloon poll asked employers what they wanted at work “right now” and found that 77% said that they would consider leaving their current job if they weren’t recognized for their contributions. One in four (25%) employers were already seeking a new job or intending to do so in the next three months.

The top 9 things that employers want from their workplace right now is:

Work/life balance (15%)

Rewards and recognition (12%)

Systems and processes (12%)

Effective communication (9%)

Career progression (9%)

Training and professional development (8%)

Culture (7%)

Leadership/senior management (5%)

To be the boss (4%)

(Dynamic Business, July 2012, http://www.dynamicbusiness.com.au)

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