By Salt 106.5 Network Friday 9 Nov 2018Finance and BusinessReading Time: 2 minutes
Workplace well-being can often be a sensitive topic with almost three in four Australian workers (73%) experiencing a degree of workplace stress (extremely, very or somewhat stressed in their work).
Whilst nearly half of Australian workers will look for a new job in the next twelve months (48%), this increases for those who are extremely or very stressed about their work. Reventure is a think-tank to undertake research and stimulate public debate about workplace matters. The Reventure Workplace Well-being study shows stressed workers (extremely/very stressed) are 2.5 times more likely to look for a new job in the next 12 months than workers who are not at all stressed about their work (73% compared to 28%). So how do we create healthy workplaces where Australians want to remain?
Realistic workloads and flexibility are key
In order to create a healthy environment for employees to thrive, Australian workers believe the most important aspects are:
- Realistic workloads (92%)
- Flexible working hours (83%)
- Encouraging work/life integration (82%).
In a workplace where there are high levels of employee well-being, Australian workers believe there is high team morale (61%), employee loyalty (52%), low staff turnover (52%) and high productivity (46%).
Are workplace well-being programs effective or just a buzz word?
Almost three-quarters of Australian workers (74%) believe well-being programs are worth the time and money, as they increase the productivity, engagement and morale of employees. Whilst workplace well-being programs are having an impact they are still few and far between. More than half of Australian workers (57%) do not have a workplace well-being program.
Workplace well-being is increasingly important to Australian workers
More than one in five Australian workers are willing to sacrifice company perks (25%) and promotions (21%) in order to obtain better workplace well-being. A further two in five Australian workers (42%) see employee well-being programs as very or somewhat important when job searching.
The priority placed on a well-being program increases once a worker has experienced a well-being program. Workers who have a well-being program are almost two times more likely to apply for a job based on its employee well-being program, than workers looking for jobs from companies without workplace well-being programs (58% compared to 31%).
So what can employers do?
In order to foster well-being in the workplace, Australian workers believe employers should create an environment that:
- Increases employee trust, satisfaction, engagement and loyalty (86%)
- Proactively address stress in the workplace (85%)
- Encourages and exemplifies work/life integration (82%).
About this research
In 2017 Reventure commissioned McCrindle to conduct a study on workplace well-being. The Workplace Well-being Report is derived from a survey of 1,005 Australian employed adults and explores the concept of well-being in the workplace. The purpose of this research is to understand perceptions around well-being, and the impact and effectiveness of workplace well-being programs.
Article supplied with thanks to McCrindle.
About the Author: McCrindle are a team of researchers and communications specialists who discover insights, and tell the story of Australians – what we do, and who we are.