Australian employees want flexible benefits that reduce the time they work, for the same salary | Robert Half

Australian employees want flexible benefits that reduce the time they work, for the same salary

65% of Australian workers want a four-day working week with retention of salary, followed by 63% who desire shorter working days with the retention of salary and 58% who would like a contracted early finish on Friday afternoons to be introduced by their employer in 2024. With 69%, Gen Z and Gen X employees are the most eager for a four-day work week to be implemented at their organisation.  93% of Australian employers plan to implement new flexible benefits for their staff this year.
Sydney, 12 June 2024 – As Australian employers continue to request employees to come back into the office, workers are swinging the other way, hoping their companies will introduce new flexible benefits that will see them work less hours or less days for the same pay, new independent research by specialised recruiter Robert Half finds. Working from home and flexible hours not enough for workers Flexibility in the form of where and when employees work has been widely adopted by businesses. Almost three quarters (72%) of employers offer flexible working hours for all staff, while almost half (48%) allow working from home. But workers hope for more. When asked what flexibility benefits they want to see introduced this year by their employers, workers’ top three requests are:
Four-day work week at the top of the list for all generations All generations in the current workforce agree they would like a four-day work week to be implemented by their employers. While Gen Z (69%) and Gen X (69%) are most keen to be able to work the same number of hours in four days instead of five days with retention of salary, this is closely followed by Millennials (63%) and Baby Boomers (57%).  “The appeal of a four-day workweek is undeniable. While increased productivity, a loyal workforce and having an advantage in the job market are known to be key advantages for companies, implementing this business model proves to be a challenge for most due to logistics, the nature of the operations and industry, and the potential to generate less output. So far, the four-day workweek remains a fascinating experiment, one that holds promise but demands careful consideration,” says Nicole Gorton, Director at Robert Half. “All generations value flexibility. But Gen Z, having begun their career during the work-from-home and flexibility revolution initiated by the pandemic, have particular high expectations. Their desire and advocacy for more flexibility could help transform the world of work, ultimately benefiting other generations who also seek flexibility.”  Employees and employers don’t see eye to eye on what benefits for this year Nine in ten (93%) Australian employers plan to implement new flexible benefits for their staff this year. However, with employees aiming for flexible benefits that challenge the traditional Monday to Friday, 9am-5pm model, the top three flexibility benefits employers plan to introduce in 2024 are the following instead: 
“Even with the remote working revolution slowly coming to an end, employers are not averse to granting their employees extra flexibility, with many reverting to a variety of flexible benefit options. "Flexibility, in its many shapes and sizes, remains a top demand for employees of all generations. Companies must adapt to this new reality to stay an attractive employer, even if it deviates from traditional workplace norms. The perks and benefits world has changed and ignoring this shift can lead to losing businesses valuable talent or struggling to attract new hires. Fortunately, flexibility isn't just about working from home; there are many flexible benefits on offer today,” concludes Gorton.
Notes to editors About the research The study is developed by Robert Half and was conducted online in November 2023 by an independent research company, surveying 500 hiring managers (including 100 CFOs and 100 CIOs) and 1,000 office workers from companies across Australia. This survey is part of the international workplace survey, a questionnaire about job trends, talent management and trends in the workplace.       About Robert Half Robert Half is the global, specialised talent solutions provider that helps employers find their next great hire and jobseekers uncover their next opportunity. Robert Half offers both contract and permanent placement services, and is the parent company of Protiviti, a global consulting firm.  Robert Half Australia has offices in Brisbane, Melbourne, Mount Waverley, Perth, and Sydney. More information on roberthalf.com.au.