- Australian are willing to sacrifice their salary for a better work-life balance, according to the Robert Half 2018 Salary Guide.
- The survey of 1,000 Australian workers shows that 84% of Australian workers would take a lower salary in return for greater benefits.
- They list these as flexible working hours (47%), the option to work from home (40%) and increased annual leave (37%).
Australians are increasingly looking for flexible working arrangements as the prospect of a decent wage rise continues to fade.
A survey of 1,000 Australian office workers, commissioned by recruitment firm Robert Half and published in the newly-released 2018 Robert Half Salary Guide, found the majority (84%) of Australian office workers willing to accept a lower salary for more benefits.
Flexibility tops the charts as almost half (47%) would accept lower pay in return for flexible working hours.
Other preferred benefits include the option to work from home (40%), increased holiday allowance (37%), medical benefits (36%) and travel allowances such as company cars and fuel expenses (31%).
Wages are growing at just 2% in Australia but cost of living pressures are increasing.
“While salary is a prime motivator and the main incentive of a remuneration package, it is one component,” says Andrew Brushfield, Director of Robert Half Australia.
“Flexibility is increasingly becoming one of the most in-demand workplace benefits and Australians are actively seeking out job opportunities that not only satisfy their monetary ambitions but also their lifestyle needs, such as flexible working hours, the ability to work from home or additional holidays.
“In a market characterised by slow wage growth, Australian companies might not be in a position to award pay rises or higher starting salaries. In such cases, employees should consider negotiating for benefits other than more pay, such as training and professional development opportunities or more leave.”
Brushfield says non-monetary benefits help to build a satisfied, motivated, productive and loyal workforce.
Other research also points to work/life balance as the number one driver for Australian employees on the lookout for career opportunities.
Work flexibility is also a key reason Australians will leave a job.
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