According to the findings, only 56% of fully remote employees received a pay hike this year, compared to 59% of mostly on-site workers and 64% of hybrid employees.
When a female CEO succeeds a male counterpart, some companies have reduced executive pay. A prominent example is Qantas, where CEO remuneration was cut by 26% when Vanessa Hudson took over from Alan Joyce.
Meta recently fired employees who used company meal credits on non-food items, like wine glasses and acne treatments. While seen as harsh by some, the firings aimed to uphold clear standards for employee perks.
Australian baby boomers are retiring with significantly less savings than required for a comfortable lifestyle. Businesses can help bridge this gap by enhancing superannuation contributions, offering financial education, and promoting wellness programs.
Companies valuing their people should consider ways to support employees' financial well-being. The first step is to ask employees what would improve their work experiences. Only 12% of employees are regularly asked about this
Humanforce's research underscores the essential role of HR technologies in enhancing a business's EVP. Impressively, 96% of Australian workers surveyed emphasized that technological innovations are vital for fostering positive workplace experiences.
By creating a comprehensive and supportive benefits package, organizations can foster a more engaged and productive workforce, leading to improved business performance, enhanced employee satisfaction, and stronger customer loyalty.