ELMO Employee Sentiment Index – Australia (Jan-March ‘23)

The cost-of-living crisis is hurting Australia’s workers

The cost-of-living crisis is top of mind for many employees right now – and understandably so. After an unprecedented number of interest rate hikes and stubbornly high inflation, most of us have felt the impact firsthand. But it’s also causing employee behaviour to change. In fact, ELMO’s latest survey of 1000 workers in Australia has revealed a worrying trend among the country’s employees.

• 65% of workers say they cost-of-living crisis is harming their mental health – and that figure is even higher among women
• More than half of workers have taken on extra responsibility beyond their usual role
• Amid the skyrocketing cost-of-living, employees are cancelling subscriptions, selling their possessions and hoarding annual leave in case of redundancy
• Over a third feel they need to work harder or longer to keep their job safe

Is all of this a recipe for burnout? As we navigate these challenging times, understanding employees and the experiences they’re facing is critical for success. After all, data is the foundation of good decision-making. Without it, you’re flying blind.

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