Future Confidence at Work
The "Future Confidence at Work" report is the last in the series of deep dives into Employee Experience from the Ipso Global Trends 2024 report.
The report finds that Australian employees are generally confident about their organisation's future and plan to stay with their current employer for the foreseeable future.
However, Australian employee sentiment diverges from global trends in key areas, highlighting unique opportunities for organisations.
Open the Future Confidence at Work report
Key Findings
- Moderate Confidence in Organisational Future: Australian employees are in line with the global average (54%) regarding having confidence in their organisations' future direction. However, they lean more towards neutrality (35%) compared to their international counterparts.
- Strong Intent to Stay: Mirroring global trends, the majority (65%) of Australian employees intend to remain with their current employer for at least the next three years, indicating workforce stability.
- Seniority Impact: Similar to global trends, Australian senior leaders/executives display higher confidence in both their organisation's future (61% vs. 47% for non-senior roles) and Australia's future (53% vs. 45% for non-senior roles). This suggests a link between leadership perspectives and overall optimism.
Key Insights for Australian Employers
- Embrace Technological Advancement: Cultivating a culture of innovation and gaining employee buy-in for technological advancements are crucial. This can positively impact employee confidence in the organisation's future direction.
- Open and Honest Communication: Transparency from leadership regarding the organisation's direction, especially concerning technology adoption and career progression, is essential. This can bridge the perception gap between senior leaders and employees, fostering trust and confidence.
- Focus on Leadership Development: Since trust in business leaders directly correlates with future confidence, investing in leadership development programs that promote transparency, honesty, and ethical conduct is critical.