Flare's National Employee
Benefits Index

WAVE 2 - Evolving Attitudes

In April 2023, Flare broke new ground by releasing the National Employee Benefits Index, the first-ever continuous review of employee benefits in Australia voiced by over 3,000 Australians from all industries, tenures and demographics.

The first highlighted financial pressure as the largest source of stress for Aussie employees, with 1 in 4 workers considering leaving their jobs due to compensation.

The second wave assesses the influence of macroeconomic factors on workplace morale and uncovers new data on the ways that employee benefits are shaping workplace attitudes, resilience, and productivity.

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Key Insights

  • Flexibility is king: Employees swear by hybrid work, but we recorded a shocking 16% drop in companies offering this benefit since our first study.
  • Backlash against “bums on seats”: While public transport subsidies soared by 12% to support increasingly strict return-to-office policies, corporate social events took a 16% hit when it came to securing employee loyalty.
  • The benefits paradox: Evidence suggests benefits boost engagement and wellbeing, yet there’s a sharp decline in their national offering, with 70% of benefits categories decreasing.
  • Stress looms large: 52% of Aussies face financial pressure, a 4% increase in just six months.

The Pivotal Role of Benefits

Although data consistently shows the positive influence of employee benefits, it’s still believed that these programs are poorly ‘attached’ to pay, so employees disassociate them from their salary, undermining the overall positive impact.

This is where longitudinal research like the National Employee Benefits Index becomes vital. It’s through these studies that we can challenge existing notions and link the undeniable influence of employee benefits to compensation and engagement. 

So, as we move forward in this down market, let’s not view benefits as an optional extra, but as essential instruments for building more resilient teams.

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