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How do the priorities of Australia's HR leaders compare globally?
Michael Page recently released our 2015 Global HR Barometer report, which highlights the priorities and influence of HR leaders across the globe.
When looking at the responses of Australian HR leaders compared to other countries, we can see that on many points our senior HR professionals are in step with their global counterparts. 49% of Australian respondents expect their workforce to increase over the next 12 months, compared to 48% of respondents globally. With more workers willing to move internationally for better opportunities than ever before, many organisations now find themselves competing for talent on a global scale. The upside of this is that a wider pool of candidates is now available to companies facing skill shortages who are willing to consider foreign workers.
Australians have long had a tendency to seek out opportunities to work overseas, with the famed "UK stint" almost seen as a rite of passage for younger workers. However, this comes at a cost to Australian workplaces and we're seeing more of a focus on employee retention amongst organisations, with 29% of respondents stating it as one of their top priorities, compared to 26% of global respondents.
Globally, we're seeing companies more focused on engagement results as a measure of success, and this is true of Australian organisations as well. An engaged workforce will have lower staff turnover, which has a direct impact on the bottom line and HR is taking the lead in bridging the gap between the benefits that companies offer, and what employees want out of their organisation.
Organisations in Australia have also realised the importance of a focus on diversity and inclusion, which also translates to greater employee satisfaction and improved productivity and profitability. Organisations are investing heavily in diversity and inclusion initiatives, with many now having a dedicated resource in the business whose responsibility it is to manage programmes around gender diversity, disability, LBGTQ and indigenous employees. In addition, we've observed a greater focus across all industries on employee flexibility, which has promoted a greater balance in many areas, particularly women in leadership.
An engaged workforce will have lower staff turnover, which has a direct impact on the bottom line and HR is taking the lead in bridging the gap between the benefits that companies offer, and what employees want out of their organisation
With the slow in the mining industry and also the decline in manufacturing in Australia, there is a greater focus on change management and transformation across all industries to ensure they are in the best shape with the right people in the right jobs. Businesses across the board are very focused on ensuring they are equipped to grow and there is a real emphasis on transformation projects to drive this growth.
Want to know more about the priorities of HR leaders in Australia and across the globe? Click here to download your copy of the 2015 Michael Page Global HR Barometer report and see how your priorities compare to other HR leaders around the world.