Supporting Employees During Challenging Times

The volatile economic environment and the need for job security have led many Australians to remain in their current jobs. According to the 2023 Australian and New Zealand Workforce Trends report, 60% of respondents have contemplated leaving their employers, but 90% of those who stayed cited job security as their reason.

In such challenging times, it becomes crucial for businesses to support their employees. Employers can provide various forms of support, such as offering advance pay, promoting personal leave for mental health use, and facilitating learning and development opportunities. Additionally, acknowledging the mental load carried by employees, especially parents, and reassessing priorities to prevent burnout are essential steps. These efforts can help foster loyalty and reduce the risk of a mass exodus.

Speaking up about workload concerns and advocating for needs can make a difference. Offering ideas, acting and playing the long game can contribute to finding solutions.

Outsourcing non-core activities can free up resources, provide cost savings, and access specialised expertise, allowing employees to focus on essential responsibilities. By implementing these strategies, businesses can navigate the challenging economic climate while providing support to their employees and cultivating loyalty.

Source: Smart Company