What are employee benefits Australia?

Mandatory employee benefits in Australia include retirement or ‘superannuation,’ and PTO including holiday pay, long service leave, maternity/paternity leave, and sick pay. Supplementary employee benefits include education advancement, voluntary benefits, health insurance, and flexible working arrangements.

What are the three benefits to employees?

Employee benefits, also known as perks or fringe benefits, are provided to employees over and above salaries and wages. These employee benefit packages may include overtime, medical insurance, vacation, profit sharing and retirement benefits, to name just a few.

What are Australia’s most popular employee benefits?

‘Extra Superannuation Contributions’ and ‘Unlimited Leave’ were ranked second and third by Australians. Comparatively, ‘Insurance’ and ‘Professional Development’ came in second and third by New Zealanders

What are employee benefits and why do they matter?

Employee benefits are an elusive term here in Australia. They can mean anything from a fancy coffee machine to discounted or even subsidised health insurance. It can therefore be frustrating for employers to constantly read that employee benefits are on the rise without a clear indication of what job benefits are coveted by employees.

What do Australian employees really want from work?

Overall, it can be seen that the benefits Australian employees most desire are those that improve work-life balance, offer financial savings and promote personal growth and wellness. There you have it, not a ping pong table in sight (although we must confess we do have a ping pong table at Employment Hero HQ and it is fun).

What are Australia and New Zealand’s favourite employment perks?

The survey found both Australians (59\%) and New Zealanders (49\%) valued ‘Flexible Work Arrangements’ as the most appealing employment perk. ‘Extra Superannuation Contributions’ and ‘Unlimited Leave’ were ranked second and third by Australians. Comparatively, ‘Insurance’ and ‘Professional Development’ came in second and third by New Zealanders