Flex­i­ble work­ing hours key for sta‚ re­ten­tion

Business First - - NEWS -

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.”

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