Personal performance not enough for a bonus

FORTY-FIVE per cent of finance directors claim they receive bonuses based on both their own and their company’s performance

FORTY-FIVE per cent of finance directors claim they receive bonuses based on both their own and their company’s performance. According to the survey of 4,399 financial directors across the globe, only 10 per cent of Australian finance directors said their bonus was based solely on their own personal performance while 13 per cent said their bonus was linked only to company performance. Furthermore, finance directors prefer the following non-traditional benefits:

Tuition reimbursement and professional development 44%

Provision of gym membership/health facilities 24%

Day care options 13%

The survey also revealed just 9 per cent of Australian finance directors are offered health insurance perks, compared to 42 per cent of finance directors in Ireland, 35 per cent in France and 32 per cent in the UK.

Source: Robert Half International

Family crisis no excuse for bosses

ONE FIFTH of Australia’s working population believe having to take care of sick or disabled relatives or children causes interruptions at work. Of 591 survey respondents, 58 per cent said women take on more of these responsibilities than their male counterparts. Alarmingly, 31 per cent said their bosses were unsympathetic to family crisis issues, with 16 per cent of employees having to take unpaid leave to look after their dependents, while 14 per cent said they had been refused promotions or taken a less responsible job.

Source: Talent2

Unhealthy organisations a problem

ONLY 31 per cent of companies display traits and behaviours that are considered to be healthy. A survey, based on more than 50,000 responses across 100 countries, found the most common corporate type of behaviour was passive-aggressive, at 27 per cent. Overall, only 45 per cent of respondents believe that people in their organisation have a clear idea of what they are accountable for, but among unhealthy profiles, that number dropped to 23 per cent.

Source: Booz Allen Hamilton

Part-time mothers want more work

NEARLY three quarters of mothers with a child aged under 13 want to be in paid work, regardless of their current employment status. A new study has shown mothers who work part-time are increasingly wanting more hours. In a comparison of survey data from 1996 to 2003, mothers with children aged under 5 years and working “minimal” hours (1-14 per week) showed the biggest change in wanting to work longer hours, jumping from 15 per cent to 40 per cent. Similar trends were found among part-time female workers with older children (5 to 12 years).

Source: Australian Institute of Family Studies

Talent management key to keeping workers

MORE than 75 per cent of HR professionals rank talent management as a top priority for their organisation. Based on responses from 384 US HR professionals, 65 per cent of organisations have a formal budget in place for training. The survey found talent management initiatives had a significant impact on recruitment, employees feeling valued, aligning employees with the mission of the organisation as well as providing adequate professional development opportunities.

Source: Society for Human Resource Management

Good company catches recruiters eye

FORTY-ONE per cent of recruiters say jobseekers can best attract their attention by engaging in regular social interactions, taking out membership in business or trade associations, attending conferences and seminars, and getting involved with alumni organisations. For executives, the best way to attract recruiters’ attention is to:

Work for a highly regarded company 36%

Proactively develop recruiter relationships 29%

Be the highest performer in a department 20%

Furthermore, 42 per cent of recruiters said cultural fit gives an executive the biggest edge as a job candidate, but educational background came in last at just 1 per cent.

Source: Korn/Ferry International

Workers count on partners

ONE in four Australians plan to rely on partners to financially support their lifestyles in the future. On the other hand, 75 per cent plan to be far more self-reliant by starting to secure their financial future now, refusing to depend on their other half for money. However, 30 per cent of workers still do not understand superannuation or how it works, and of those that do, only 23 per cent see its true value and add extra money into their fund voluntarily.


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