Falling productivity and workplace performance is the chief worry for business leaders.
This year’s Randstad World of Work Report found 52 per cent of Australian business leaders surveyed rate their ability to face the challenge of falling productivity as either average or poor.
Mike Roddy of Randstad said that the rapid growth of neighbouring economies means workforce issues need to be a primary focus for business leaders.
“With Asia-Pacific economies and regional business sectors on a growth trajectory, the onus is on local business leaders to ensure their organisation is conducive to a productive, high performing, and positive workforce,” Roddy said.
“This becomes even more important with the growing appetite amongst neighbouring countries for talented and motivated employees. With opportunities increasing for Australian workers to move within the region, local businesses are going to have to work hard to keep talent in the country,” he added.
A quarter of Aussies surveyed noted workplace performance and productivity as their major concern, a figure significantly higher than other countries in the region.
Keeping up productivity has become a major concern as businesses struggle to find talent. Over 60 per cent of Australian leaders stated they’re concerned about attracting high calibre employees.
Managers throughout the region noted that finding staff to foster their plans for growth is the biggest challenge facing their business, however they are all confident in their ability to attract employees.
The key, according to Roddy, is to make sure employees are satisfied and engaged.
“If people are happy at work, if they’re being recognised for great work, if they’re motivated to achieve their goals by inspirational leaders, if they see a clear development and have the flexibility they need to balance their work and personal commitments, then success and engagement will follow. And these aren’t actions that require any great expense,” Roddy said.