Investing in staff is critical for businesses in today’s dynamic environment. The Australian Bureau of Statistics (ABS) data suggests that employee trends are rapidly changing from 2021 to 2023, with employee expectations rising in terms of flexibility, work-life balance, and career progression opportunities. With the increasing emphasis on employee satisfaction and engagement, investing in staff has become more crucial than ever before to achieve commercial growth and realize growth objectives.
According to the ABS, the employment trend in Australia has shown a shift towards part-time and casual work. In February 2021, part-time employment increased by 31,000 jobs, whereas full-time employment decreased by 20,800 jobs. The COVID-19 pandemic has significantly impacted the workforce, with many businesses adopting a remote work model. As a result, employees are looking for work-life balance and flexibility, with an emphasis on remote working options. The ABS also reports that the employee turnover rate in Australia is 18%, indicating that employee retention has become a significant challenge for businesses.
Investing in staff not only promotes employee retention but also leads to improved productivity and innovation. A positive work culture plays a crucial role in retaining employees. It fosters a sense of belonging, motivation, and loyalty, ultimately leading to increased productivity and engagement. According to a survey conducted by the University of Technology Sydney, 87% of employees reported that a positive work culture is essential to them. By investing in staff, businesses can create a positive work culture that not only retains employees but also attracts new talent.
Moreover, investing in staff by offering upskilling and reskilling opportunities creates career progression pathways for employees. The ABS data suggests that there has been a surge in job vacancies in Australia, with a 13.3% increase in the number of job vacancies in November 2021 compared to the previous year. By investing in upskilling and reskilling programs, businesses can equip employees with the necessary skills to fill these vacancies and create a talent pool for future growth opportunities. Offering mentoring programs or career development plans to employees is also an effective way to retain talent, as employees feel that their growth and development is valued by the company.
Recruitment is a critical aspect of investing in staff. A well-executed recruitment process is vital for attracting and hiring the right talent for a business. A high-performing recruitment agency like APSG can help businesses tailor their recruitment processes to their operating models. APSG specializes in providing customized recruitment solutions that align with a business’s goals, values, and culture. By using a recruitment agency like APSG, businesses can create a hiring process that not only attracts top talent but also ensures a seamless integration of new hires into the company’s culture and values.
Investing in staff is critical for businesses to achieve commercial growth and realize their growth objectives. The ABS data suggests that employee trends are rapidly changing, with an emphasis on flexibility, work-life balance, and career progression opportunities. By creating a positive work culture, offering upskilling and reskilling opportunities, and executing a robust recruitment process, businesses can attract and retain top talent, leading to increased productivity and innovation.
To learn more about how APSG can help your business achieve success through investing in staff, please contact us at 0432 605 482 or visit our website at www.apsgtalent.com.au. Our team is ready to partner with you to develop a customized recruitment strategy that aligns with your business goals, values, and culture. Don’t miss out on the opportunity to create a positive work culture, retain top talent, and achieve your growth objectives. Contact APSG today!
THE AUTHOR
Nathanael Deleon
Founder & Director – Australian Project Solutions Group
