- LinkedIn’s top 25 companies dominated by the professional services firms and the major banks.
- Among the perks they offer are well-being leave days, yoga and mindfulness classes, and onsite childcare.
- All have a strong employer brand — actively promoting diversity, well-being and flexibility.
PwC, the giant professional services firm which lets its employees decide what time they get to work, has again topped the list of companies people want to work for in Australia.
The 2018 LinkedIn list of 25 companies is dominated by big players, such as the big consulting firms and the big four banks, with key perks, including extra holidays and gym memberships, and the right pay to attract the best talent.
“Employees are looking for great perks these days,” says Jason Laufer, LinkedIn’s Asia Pacific senior director of Talent and Learning Solutions.
These include being able to buy and sell annual leave, well-being leave days, yoga and mindfulness classes, onsite childcare, gym memberships or discounts, hot breakfasts and in the case of Rio Tinto, even discounts on diamonds.
Here’s what the top five companies are doing to attract and keep talent:
1. PwC offers long and short-term secondments to international offices and currently have more than 2,500 PwC people on international assignment, including 176 Australians. PwC also does not have a minimum term of employment before being eligible for 18 weeks parental leave.
2. Commonwealth Bank of Australia introduced a staff financial wellbeing program to help manage everyday expenses, preparing for unexpected events and making progress against long-term goals. Some 69% of its employees currently have flexible work arrangements but when they’re in the office they can access on-site wellness centres, retreat spaces and neighbouring childcare centres.
3. Deloitte has a pilot program for people returning to work after parental leave, including training, mentoring and support for 20 weeks.
4. KPMG considers mental health a core pillar. Panels have been conducted nationally where employees share their own journeys. The idea is to discuss mental health, debunk the myths and give people hope and real resources to access.
5. Westpac recently surpassed population parity for indigenous employees, and targeted recruitment campaigns and cadetships resulted in 140 Aboriginal and Torres Strait Islander people accepting jobs last year.
And companies are increasingly recognising they have a responsibility for the well-being of their employees.
PwC has a Lego room to encourage collaboration, EY and Commonwealth Bank have onsite wellness centres, Deloitte offers free cooking classes, and Macquarie Group has hot breakfasts and yoga classes.
“I’m a relative newcomer to PwC so I think I can see it with fresh eyes,” Dorothy Hisgrove, PwC Australia partner and Human Capital leader, told Business Insider.
“It’s not any one thing, it’s a composit of many things which work exceptionally well.
“For me personalty, and I think for our employees as a whole, the flexibility arrangements for our people are a key, especially because our leadership group are obliged to accommodate our employees’ preferred hours.
“That is very much about building trust with out people and when we build trust within work force it is reciprocated.”
Activity-based working, where people pick the physical space where they work day by day, has been a huge success at PwC. Employees essentially choose where they will sit each day, depending on the tasks they have planned.
PwC also gives each employee a birthday day off and the ability to take a floating public holiday on another day other than that gazetted.
The top 25:
The big four banks all made the list with Westpac (5) and Commonwealth Bank (2) in the top five. NAB jumped 10 places from 19 in 2017, to ninth in 2018, and ANZ made a reappearance having missed a place on the list in 2017.
The top ranked companies are also tackling gender parity.
At the Commonwealth Bank, 57.8% of the bank’s workforce is female, with 44.4% at manager level and above.
Laufer at LinkedIn says employees at the top companies are accessing all sorts of valuable perks which have a genuine impact on their happiness.
“What all these companies have in common is a strong employer brand — actively promoting diversity, well-being and flexibility,” he says.
“As well as being supportive and providing terrific perks to their teams, it makes great business sense.
“Employees who feel valued, happy and supported are less likely to leave an organization, and more likely to promote the company to prospective employees.”
The top company list is compiled using LinkedIn member data including job seeker reach and interest, engagement, and retention.
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