Country for PR: United States
Contributor: PR Newswire New York
Tuesday, March 23 2021 - 13:35
AsiaNet
Talent loss still a threat despite Australia leading on engagement and pandemic workplace initiatives, new research shows
SYDNEY, March 23, 2021 /PRNewswire-AsiaNet/ --

A new study from employee experience software company Limeade (ASX: LME) shows 
that Australian workplaces are emerging from COVID-19 as world leaders in work 
strategies and connecting with their employees throughout the pandemic. But 
findings show that despite these efforts, employers must rapidly address their 
employee experience to prevent a talent exodus.

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A new global research study from the Limeade research arm (Limeade Institute), 
canvassing more than 4,500 employees worldwide, has shown that Australian 
employees reported the highest levels of workplace engagement in the world 
(76%) but have also had the highest levels of burnout (45%) among leading 
economies, including the US, UK, France, and Germany.

The research further revealed that although 70% of Australian employees intend 
to stay at their current place of work for three or more years, Australia holds 
the highest percentage of employees who said, if given the option, they would 
leave their current job for one with a better employee experience (42.4%).

Henry Albrecht, founder and CEO of Limeade, said the disconnect between burnout 
levels and engagement, and diminishing loyalty, is a strong indicator that 
employees are managing their current working conditions but are working beyond 
a sustainable capacity to meet demands.

"Many Australians are feeling a growing disillusionment with their work. They 
have stepped up for their companies through the hard times, as we've seen 
reflected in the strong recent performance of various large cap organisations, 
but many are falling into a monotonous routine where despite working very hard, 
they aren't that concerned or stressed about what they are doing.

"Now is the time for workplaces to take on the role of culture architect, 
listening to feedback and investing in an employee experience that supports 
employees in both the big and small moments at work. For large organizations, 
this can't be done without technology that reaches every employee, listens to 
them and delivers the activities, resources and programs needed to thrive at 
work. Ultimately, employees want to know their company cares," he said.

Despite the growing challenge of employee disillusion, Australia is in a strong 
position. Currently, almost 72% of Australian employees said the employee 
experience in their organisation is a positive one, and over half felt 
supported by managers and leaders in improving well-being. Almost 70% of 
Australian employees said that their organisation had asked for feedback 
regarding return-to-work policies or procedures, far more than in other 
countries, with the next highest country being the United Kingdom at less than 
40 per cent.

"Australian businesses are emerging as some of the best communicators with 
their staff. Many organisations are taking on employee feedback, but we've 
found that less than 40% of employees think that their organisation administers 
and takes action on the results," said Mr Albrecht.

"Given Australia's effective response to managing the pandemic, Australian 
employers are uniquely positioned to address this head-on. Supporting staff 
reintegrating into a physical environment with new employee experience 
initiatives and tools designed specifically to help cultivate your desired 
workplace experience is key. Leaders and managers must be trained to support 
this approach, and individuals should be empowered to take ownership of their 
personal well-being along the way," he said.

To subscribe to the Limeade Email Alert Service please click here ( 
https://c212.net/c/link/?t=0&l=en&o=3105364-1&h=2017154950&u=https%3A%2F%2Finvestors.limeade.com%2Fsubscriptions%2F&a=here 
).

To learn more about the response of Limeade to COVID-19 please visit: 
https://www.limeade.com/en/care-in-crisis-actions-you-can-take/

About Limeade
Limeade is an employee experience software company that helps build great 
places to work. Founded in 2006, Limeade has been a pioneer in the HR 
technology industry and is consistently recognized for its own award-winning 
culture. Today, users in approximately 100 countries utilize the Limeade 
Well-Being, Limeade Engagement and Limeade Inclusion solutions powered by the 
Limeade ONE platform. Limeade helps every employee know their company cares, 
while delivering people and business results that matter. Limeade partners with 
its customers to support their goals of improving employee well-being, 
engagement and sense of inclusion, in addition to reducing the risk of unwanted 
turnover and burnout. To learn more, visit www.limeade.com. (ASX listing: LME) 

Limeade, Inc. Australian Registered Business Number 637 017 602, a public 
limited company registered under the Washington Business Corporation Act (UBI 
Number: 602 588 317).

Disclosure
This ASX release does not constitute an offer to sell, or the solicitation of 
an offer to buy, nor shall there be any sale of any securities referred to 
herein in any state or other jurisdiction in which such offer, solicitation or 
sale would be unlawful. Any securities referred to herein have not been 
registered under the US Securities Act of 1933, as amended (the "US Securities 
Act") and may not be offered or sold in the United States or to US persons 
absent registration or an applicable exemption from registration under the US 
Securities Act and applicable state securities laws. In addition, any hedging 
transactions involving the securities referred to herein may not be conducted 
unless in compliance with the US Securities Act. 

SOURCE  Limeade

CONTACT: Media (AUS): Lana Samlal, Senior Account Executive, WE Australia, 
lsamlal@we-worldwide.com, +61 419 002 312; Siobhan Rennie, Head of Corporate, 
WE Australia, srennie@we-worldwide.com, +61 466 856 460; Media (US): Ms Shelby 
Kennard, Director, Corporate Communications, shelby.kennard@limeade.com, +1 206 
755 3901