In April 2023, Flare conducted its National Employee Benefits Index – a representative study of the attitudes on benefits and remuneration across 1,500 working Australians. Delve into your industry’s data to uncover how your workforce truly perceives benefits, pay, and the incentives that foster employee loyalty.
Dive into the manufacturing industry data below to help you build a healthy talent attraction and retention pipeline.
I feel valued at work by my supervisor/boss.
I get excited about going to work.
I am satisfied with my overall compensation.
I think about leaving my current employer.
Workers in manufacturing report positively on their wellbeing, with 75% feeling valued by their higher-ups; a 6% increase on the national average. Supporting this further, over half (52%) get excited about going to work, a 5% increase compared to the national average of 47%.
When we look at the national supply and uptake of employee benefits we see a few things. Free food is always a win, and this data certainly agrees. Free coffee and snacks are the most utilised benefit at an adoption rate of 52%, with virtual working and flexible schedules following quickly behind at 23% and 21% respectively.
The three most used employee benefits for manufacturing workers are free snacks with an adoption rate of 59% (7% higher than the national average), virtual working (23%) and flexible scheduling (21%). The employee benefits least utilised are health and wellness support groups and group volunteer programs.
This is a 15% increase on the national average of 16%, reflecting an opportunity for employers. The benefit driving the most loyalty was flexible scheduling at 38%, although the national average is 9% higher.
How much does your company's sustainability impact your engagement and commitment to your job?
How much does your company's approach to sustainability impact your job satisfaction?
Based on your employer's commitment to sustainability, how likely are you to quit?
Folks working in manufacturing care about the environment, with 68% agreeing that a company's sustainability efforts impact their commitment to the company, and over half (55%) claiming that it impacts their job satisfaction. However, only 6% indicate that it would influence their likelihood to leave the organisation.