More than one-third of Australian job seekers believe that overtime compensation and additional leave are the most important work benefits for any position they might apply for.
A survey conducted by SEEK, a recruitment website, interviewed over 14,700 job seekers aged 18 and above who intend to change jobs in the next two years.
According to reports on the website of News Limited Australia, the survey found that among the key factors attracting job seekers, 15.4% of respondents stated that work-life balance is the most crucial factor when considering applying for a new job.
Following closely behind are salary benefits (13.9%), work environment (11.5%), management level and quality of new positions (10.1%), and career development opportunities (9.4%).
The survey revealed that “the importance of work-life balance is gradually decreasing, replaced by other driving factors such as career development opportunities.”
“This indicates that the needs of Australian employees are becoming increasingly complex and diversified, reflecting changes in priorities as five generations coexist in the workforce.”
The survey also showed that the importance of career development has risen from the seventh position during the Covid-19 pandemic to the fifth position, demonstrating that “employees are all pursuing growth and pay raises, with the next generation also fully joining the workforce.”
When considering factors for achieving work-life balance, 30% of respondents stated that “compensation for overtime or extra working hours and additional leave are essential conditions.”
Additionally, compared to other income brackets, those earning less than $52,000 prioritize paid overtime.
Among them, 63% of low-income respondents considered paid overtime necessary, whereas among those earning over $104,000 AUD, only 37% of respondents viewed paid overtime as necessary.
Employees in New South Wales and Victoria are the most supportive of working from home in all of Australia, with 29% and 31% respectively considering remote work an absolute necessity, whereas only 23% of Queenslanders share the same view.
The report identified the increasing complexities of factors affecting work-life balance, including cost of living pressures, ambitious new job seekers, and the ongoing desire for work flexibility among the modern workforce.
The survey ranked the following factors in order of importance when job seekers consider work-life balance:
– Compensation for overtime/extra hours – 30% deem this a necessary condition;
– Additional leave – 30% deem this a necessary condition;
– Flexible working hours – 29% deem this a necessary condition;
– Ability to work part-time – 27% deem this a necessary condition;
– Ability to work from home/remote work – 26% deem this a necessary condition.
The survey also listed the top five key factors that attract job seekers: work-life balance (15.4%), salary (13.9%), work environment (11.5%), management and management quality (10.1%), and career/development opportunities (9.4%).
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