iTWire TV 160x1200notfunny

iTWire TV 160x1200notfunny

×

Message

Failed loading XML... Document is empty

iTWire TV 705x108notfunny

Monday, 18 November 2024 10:50

15th Annual Dayforce Pulse of Talent Report: Australian Leaders Face Balancing Act Between Culture and the Need for Efficiency and Agility

By Dayforce

GUEST RESEARCH:   Dayforce, Inc. (NYSE: DAY; TSX: DAY), a global human capital management (HCM) leader that makes work life better, today released results from its 15th Annual Pulse of Talent Report. Exploring the current state of organisational culture – and the differing perceptions among workers, managers, HR leaders, and executives – the survey of 1,068 Australian workers shows that investments many companies are making may not be moving the needle.

“Australian organisations are in a constant balancing act between cultivating a strong culture where people can do their best work, and the needs of the business to be agile, efficient, and compliant,” said Brian Donn, Managing Director, APJ, Dayforce, Inc. “Our research provides a data-driven playbook for Australian organisations to make the right investments in culture by aligning their benefits, initiatives, and technology with the needs of their people, thereby creating an advantage when it comes to attracting and retaining the types of employees they want and building a high-performing workforce.”

With leaders under pressure to quantify the value of every dollar spent, it’s increasingly important their investments in culture drive high performance. For the first time, the Dayforce Pulse of Talent report included a Workplace Culture Index, grouping respondents into three categories – Culture Promoters, Culture Passives, and Culture Detractors. Australian respondents most positive about their company culture said there were three areas where their company excelled, relative to those who are most negative about their company culture:

  • Supporting productivity with the right technology: Culture Promoters were more likely than Culture Detractors to say they have the technology they need to do their jobs efficiently (85% vs 46%) and to believe that AI will have a positive impact on culture (55% vs 28%).
  • Ensuring benefits provided are aligned with worker needs: Culture Promoters were much more likely than Culture Detractors to say their company benefits do a good job of meeting their needs (82% vs 20%).
  • Providing flexible work options: Culture Promoters were more likely than Culture Detractors to say they have flexibility in how (51% vs 32%), when (55% vs 32%), and where (55% vs 42%) they work. Perhaps related, Culture Promoters were much more likely to say their employer trusts employees (92% vs. 27%).

When it comes to AI, the Pulse of Talent survey found Australians are less enthusiastic about the technology than their global peers. Australian respondents were less likely to say AI is used responsibly in their company (46% vs. 49% globally), that they have a clear understanding of how it is or will be used (46% vs. 51%), or that AI supports better decision making (43% vs. 46%). This gap helps show that Australian organisations that are intentional about educating their people about the value, benefits, and use cases of AI may better foster meaningful communication and, in turn, support a stronger culture. 

The bottom line is that when it comes to building a productive workforce, culture matters. Three quarters of Australian respondents (75%) said they have or would turn down an opportunity because the culture didn’t feel like the right fit. At the same time, respondents indicated that by improving company culture, they would feel more engaged (59%), experience improved mental health and levels of burnout (55%) and be motivated to work harder (46%).

Additional Information

Survey Methodology

Hanover Research conducted Dayforce’s 15th Annual Pulse of Talent survey online from September 4 to September 20, 2024. The study included 9,489 respondents aged 18+ who work at companies with at least 100 employees across Australia, Canada, Germany, Japan, Malaysia, New Zealand, Singapore, the United Kingdom, and the United States.

The Workforce Culture Index featuring Culture Promoters, Culture Passives, and Culture Detractors was based on segmenting the survey data by responses to this question: Thinking only about your employer’s culture, how likely are you to recommend your current employer to your family and friends as a potential employer?

Likelihood to recommend is measured using a 10-point scale, with zero representing "not at all likely to recommend" and 10 representing "extremely likely to recommend.” Respondents that rate themselves as nine or 10 on the likelihood scale are Culture Promoters, while respondents that rate themselves as seven or eight on the likelihood scale are Culture Passives. Respondents that rate themselves zero to six on the scale are determined to be Culture Detractors.

Read 678 times

Please join our community here and become a VIP.

Subscribe to ITWIRE UPDATE Newsletter here
JOIN our iTWireTV our YouTube Community here
BACK TO LATEST NEWS here




EXL AI IN ACTION VIRTUAL EVENT 20 MARCH 2025

Industry leaders are looking to transform their businesses and achieve measurable outcomes with AI.

As organisations across APAC navigate the complexities of AI adoption, this must-attend event brings together industry leaders, real-world demonstrations, and visionary panel discussions to bridge the gap between proof-of-concepts and enterprise-wide AI implementation.

Learn how to overcome common challenges in deploying AI at scale.​

Unlock cost savings, efficiency, and better customer experiences with AI.

Discover how industry expertise and data intelligence enable practical AI deployment.

Register for the event now!

REGISTER!

PROMOTE YOUR WEBINAR ON ITWIRE

It's all about Webinars.

Marketing budgets are now focused on Webinars combined with Lead Generation.

If you wish to promote a Webinar we recommend at least a 3 to 4 week campaign prior to your event.

The iTWire campaign will include extensive adverts on our News Site itwire.com and prominent Newsletter promotion https://itwire.com/itwire-update.html and Promotional News & Editorial. Plus a video interview of the key speaker on iTWire TV https://www.youtube.com/c/iTWireTV/videos which will be used in Promotional Posts on the iTWire Home Page.

Now we are coming out of Lockdown iTWire will be focussed to assisting with your webinars and campaigns and assistance via part payments and extended terms, a Webinar Business Booster Pack and other supportive programs. We can also create your adverts and written content plus coordinate your video interview.

We look forward to discussing your campaign goals with you. Please click the button below.

MORE INFO HERE!

BACK TO HOME PAGE
Share News tips for the iTWire Journalists? Your tip will be anonymous

Subscribe to Newsletter

*  Enter the security code shown: img0

WEBINARS & EVENTS

CYBERSECURITY

PEOPLE MOVES

GUEST ARTICLES

Guest Opinion

ITWIRETV & INTERVIEWS

RESEARCH & CASE STUDIES

Channel News

Comments