Flexible working hours key for sta retention
Over a third of Australian employers believe that o ering sta exible work arrangements is the best way stop them searching out alternative employment. According to gures released by Employsure, employers found that work-life balance ranks highest for sta retention, overshadowing pay rises and training.
Edward Mallett, Managing Director of Employsure, says, “Our research clearly shows that sta o en need to organise working hours around family commitments and they appreciate the opportunity to do so. is is seen as more compelling for sta retention than remuneration, training, and o en costly enticements such as sta events.”
e survey polled 461 small to medium businesses and the ndings put sta retention in the spotlight at a time when, according to recent statistics from consultancy rm Accenture, one in ve employed Australians are looking for a new role at any given time.
Keeping sta happy should be a focus for SMEs, Mr Mallett says, as replacing people is costly and time-consuming. “Costs can add up with recruitment advertising, and there’s so much time invested to hire and train new employees. If it’s a sudden departure, other sta need to step in for their colleague, compromising their own workload.
“Considering our new research, employers should approach requests for exible working arrangements with an open mind. Addressing this real-world issue will help managers retain sta and make their workplace more desirable to new recruits.”