Sick leave costs employers $33 billion a year but 60% of Australians anticipate a pay rise in 2015

Monday 17 November 2014

Article by Rebeccah Elley

Absence levels have increased to their highest level since 2010, according to the 2014 Absence Management & Wellbeing Survey with the cost to employers now exceeding $33 billion each year.

The survey by Direct Health Solutions analysed the levels of absenteeism across Australia, it’s causes, and management practices. This year alone Direct Health Solutions said it witnessed a 6% increase in absence levels across Australia directly affecting payroll and productivity.

However, a survey by recruitment consultancy Robert Walters showed that 60% of surveyed Australian professionals are anticipating a pay rise and 38% are anticipating a bonus in 2015.

The Robert Walters Pay & Bonus Survey indicated that the results may not match reality, as the number of Australians anticipating higher pay is greater than the number of Australians who reported receiving a salary rise or bonus in 2014.

The vast majority of those surveyed at 76% are looking to move jobs at some point in the next two years, with only 24% completely satisfied in their roles.

Robert Walters managing director James Nicholson said there are a number of factors at play for Australian professionals considering changing roles. “Salary is always an important consideration in any decision to take a new role, but we also recommend employers look at the kinds of opportunities that they offer in terms of internal training, short courses and secondments to other departments in order to attract the best talent.”

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