Cost of living pressures negatively impacting employee wellbeing
From fuel costs to groceries, the price of our everyday living is on the rise. New research has revealed that 70% of Australian workers believe the cost of living pressures are negatively impacting their wellbeing, with younger employees feeling the most heavily affected (82%).
That’s according to the ELMO Employee Sentiment Index – a nationwide poll commissioned by ELMO Software. This index provides a quarterly update of sentiment among more than 1,000 geographically dispersed Australian workers about their attitudes, actions and concerns in the workplace over the past three months, in addition to their plans and expectations for the future.
Fewer employees are considering a career change
The research also revealed that more employees perceive the Australian economy as not secure, and almost half of employees (45%) are struggling to meet basic living costs.
This uncertainty may be causing the Great Resignation to dissipate in Australia, with the research uncovering fewer employees are considering a career change or actively seeking a new role, but prefer to remain in their current employment with a pay rise.
The insights and statistics from this report can be a helpful tool for organisations considering how best to support their workforce throughout 2022.
You can also read the New Zealand report containing insights from New Zealand workers here.