ELMO’s Employee Sentiment Index Australia (July-Sept ‘24)

ELMO’s latest Employee Sentiment Index (ESI) report shows that generally Australian employees are feeling more secure in their jobs, industry, and even the economy. Although this is driven largely by older generations, as only 39% of Gen Z feel their organisation is secure.

While perceptions of job security have increased slightly this quarter, there is a correlation between employees saving leave, increased workload and anticipating the need for a ‘payout’ just in case.

The survey of over 1,000 Australian employees reveals:

• One in five have accrued over four weeks of annual leave.
• Three in five have barriers preventing them from taking leave, with 21% of those saying it’s because they’re too busy
• 43% report their workload has increased over the past three months
• 14% of workers believe access to an Employee Self-Service (obtaining payslips, managing leave requests) would help them be more productive in their day-to-day life.

The latest ESI report also shows some interesting insights when it comes to demographics. Overall it would appear there’s less worker mobility in Q3. Gen Z employees however appear to be on the move, as twice as many started a new job compared to the national average (12%; cf. National average 6%). They are also much more likely to have:

• Actively searched for a new role in another company (33%; cf. National average 21%),
• Applied for a new role in a new company (23%; cf.National average 13%) and
• Interviewed for a role in a new company (15%; cf. National average 8%).

What other differences are Gen Z demonstrating? Get your free copy of the latest Employee Sentiment Index to find out.