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National employee benefits index

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.

Filter by industry

72%
of workers identify as a male
34
is the average age of workers
NSW
most common state of residence
8 years
is the average years of work experience

Employee wellbeing: a snapshot

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.

  • Agree
  • Neither disagree nor agree
  • Disagree

75% of workers feel valued by their boss/supervisor

However, the number of people that aren't excited to work has gone up compared to six months ago. 36% of workers are not excited to go to work anymore and also are thinking of leaving their current employer.

The benefits breakdown

Benefits offered vs Benefits used

  • Offered
  • Used
Offered: 66% Used: 52%
Offered: 59% Used: 19%
Offered: 59% Used: 17%
Offered: 57% Used: 34%
Offered: 41% Used: 6%
Offered: 41% Used: 19%
Offered: 34% Used: 22%
Offered: 34% Used: 9%
Offered: 31% Used: 9%
Offered: 27% Used: 6%
Offered: 21% Used: 3%
Offered: 20% Used: 3%
Offered: 19% Used: 9%
Offered: 18% Used: 12%
Offered: 17% Used: 4%
Offered: 15% Used: 5%
Offered: 13% Used: 4%
Offered: 13% Used: 6%
Offered: 11% Used: 2%
Offered: 10% Used: 2%
Offered: 10% Used: 2%
Offered: 9% Used: 1%
Offered: 9% Used: 3%
Offered: 9% Used: 1%
Offered: 8% Used: 1%
Offered: 7% Used: 1%
0 20 40 60 80 100
Click to expand
%

The benefits that matter to the nation

The most utilised benefits for finance workers are flexible schedule options, free coffee and snacks, virtual working and social gatherings outside work.

Of the benefits your employer offers, which have you used in the last 12 months?

Used:52% National Average: 47%
Used:22% National Average: 33%
Used:34% National Average: 31%
Used:19% National Average: 22%
Used:19% National Average: 20%
Used:17% National Average: 12%
Used:9% National Average: 8%
Used:9% National Average: 8%
Used:6% National Average: 4%
Used:4% National Average: 4%
Used:9% National Average: 4%
Used:5% National Average: 4%
Used:3% National Average: 4%
Used:2% National Average: 4%
Used:12% National Average: 2%
Used:6% National Average: 2%
Used:3% National Average: 2%
Used:1% National Average: 2%
Used:6% National Average: 2%
Used:3% National Average: 0%
Used:4% National Average: 0%
Used:2% National Average: 0%
Used:1% National Average: 0%
Used:1% National Average: 0%
Used:1% National Average: 0%
Used:2% National Average: 0%
0 20 40 60 80 100
Click to expand
43%

of workers participate in virtual working

Autonomy is a valued benefit with virtual working and flexible scheduling rounding out the top three benefits. Number one went to free coffee and snacks which almost half of finance and insurance workers take advantage of.

Which would make you most loyal to your employer if offered by your company?

Used: 49% National Average: 46%
Used: 42% National Average: 29%
Used: 35% National Average: 31%
Used: 35% National Average: 33%
Used: 33% National Average: 29%
Used: 30% National Average: 25%
Used: 29% National Average: 16%
Used: 28% National Average: 27%
Used: 25% National Average: 14%
Used: 19% National Average: 17%
Used: 16% National Average: 19%
Used: 12% National Average: 9%
Used: 9% National Average: 14%
Used: 9% National Average: 12%
Used: 4% National Average: 6%
Used: 3% National Average: 5%
Used: 3% National Average: 4%
Used: 1% National Average: 2%
Used: 1% National Average: 9%
0 20 40 60 80 100
National Average
Click to expand
20%

of workers surprisingly value employee retreats

Other popular benefits that would increase employee engagement for finance workers are flexible schedule options and family leave options.

It's time to go green

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?

  • Not at all
  • Not much
  • Neutral
  • Somewhat
  • A great amount

52% of workers agree that their company's sustainability efforts impact their commitment and enagagement

This lines with the narrative that of 45% wanting to continue with their employer based on their employer's commitment to sustainability.

The national employee benefits index

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National employee benefits index 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. Filter by industry Employee wellbeing: […]