Australian workers are among the hardest-working in the developed world, notching an average 44-hour week, but they also rank among the least productive, amassing $109 billion of wasted wages each year.
A third of Australian employees plan to quit in the next year, more than half say poor management has the biggest impact on their productivity, and 18 per cent of the average working day is spent on ”work that wasted time and effort”.
”What we found is a highly motivated Australian workforce,” said Ernst & Young partner Neil Plumridge, who led the survey team.
”We are not a nation of slackers.”
We worked harder than other developed countries in terms of labour hours, and were highly motivated to work, he said.
More than 70 per cent of us came to work every day with the best of intentions, which was something to be proud of.
”The problem is the productivity of our workforce,” he said. ”The hours are good and the intentions are good, but we found an incredible wastage once we all get to work.”
The total wages bill for Australian workers is estimated at $606 billion a year.
”Given that 18 per cent of our time at work is wasteful, ineffective and not valued, that’s $109 billion waste in annual wages,” Mr Plumridge said. ”Even if we can get a 10 per cent improvement, that’s worth more than $10 billion a year to the national economy.”
The inaugural Australian Productivity Pulse survey found that management issues (54 per cent), organisation structure (23 per cent), a lack of innovation (15 per cent) and outdated technology (8 per cent) were cited by employees as the drains on productivity.
According to Mr Plumridge, productivity in Australia has been on a 10-year decline.
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