Citation Group Reports Landmark 2024 People Management Research Findings
Citation Group, a leading authority in end-to-end workplace compliance solutions, today unveiled the results of its groundbreaking research for 2024, titled The Future of Work: Insights for Australian Businesses. The study, surveying 300 senior workplace decision-makers nationwide, sheds light on the critical challenges and priorities that will shape Australian workplaces in the year ahead.
Key Findings:
AI Adoption Meets Caution: While 75% of organisations surveyed are utilising AI to enhance operational efficiency, concerns about data security and factual accuracy remain prevalent. This cautious approach underscores the need for clear policies governing AI use in staff management.
Employee Retention Tops Priority List: As 58% of workplaces plan to increase headcount, employee retention emerges as a primary concern for 51% of senior managers. This focus reflects the difficulties organisations face in retaining talent in an increasingly competitive job market.
Gap Between Legislative Awareness and Compliance: Nearly half (47%) of senior managers were unaware of the Secure Jobs, Better Pay Act, and 65% were unaware of the Closing Loopholes legislation. Alarmingly, 34% admitted to being unaware of both, particularly in larger organisations with over 5,001 employees, where more than half (54%) of senior managers lacked awareness of these laws.
Demand for Flexible Working Arrangements Soars: The research highlights a marked shift towards flexible and hybrid work models, which are now preferred over traditional remuneration packages. This trend signifies a transformation in employment offerings, prioritising work-life balance.
Legislative Changes Impacting Casual Employment: The new 'Closing Loopholes' legislation is expected to significantly impact casual employment, with nearly half of employers anticipating a reduction in casual workers.
Sexual Harassment Policies Lag Behind Awareness: Despite widespread understanding of workplace sexual harassment laws, only 60% of organisations have implemented clear policies, and less than half (48%) include sexual harassment awareness in their onboarding programs. This gap leaves many organisations vulnerable to potential allegations.
Skilled Migrants Considered Essential: A striking 83% of employers view skilled migrant workers as crucial to their business success, though awareness of changes affecting migrant workers remains low.
Campbell Fisher, Managing Director and Solicitor at Citation Group, commented on the findings, stating, "Our research provides critical insights for Australian businesses at a pivotal moment when the government has introduced significant legislative changes affecting the workforce. Understanding these key concerns and trends is essential for leaders aiming to build resilient, compliant, and forward-thinking workplaces. Citation Group is committed to guiding our clients through these challenges with strategic and actionable solutions."
Fisher added, "It is clear that Australian business leaders must take significant steps to stay on top of new legislation to ensure their businesses attract and retain the best talent."
To read the full report, refer here: https://citationgroup.com.au/resources/the-future-of-work-2/
