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Finance (Oceania) 2021

The finance benchmark represents a broad range of finance and investment focused companies. They range from more traditional finance companies (often those focused on modernizing) as well as more disruptive finance companies that might be described as 'FinTech'.

  • ~2.5m

    Questions answered
    in last 12 months

  • /
  • ~150

    Organizations

These insights represent ~2.5m questions answered from ~150 organizations, ranging in size from 10 to 9,900 people, in the last 12 months.

The data meet our criteria as being robust and reliable; unlikely to substantially change over time; and representative of the wider industry. Read more about the methodology.

Data provided by Culture Amp

Industry breakdown

  • Financial Services

    49%

  • Insurance

    15%

  • Real Estate

    11%

  • Investment Banking

    8%

  • Investment Management

    8%

  • Banking

    4%

Are employees committed to their organizations?

Engaged people are emotionally committed to their organization. These people stay at their organizations longer and are more productive and effective. Successful organizations have more engaged employees.

74% of Finance (Oceania) employees are engaged

This is in the top 39% compared with the overall average.


The average eNPS score for organizations in this benchmark is 23 and is in the bottom 40% compared with the overall average.

Understanding the engagement questions

Engagement is defined through these five industry-standard questions from Culture Amp’s engagement survey template.

I rarely think about looking for a job at another company

61%

2% above global average

I see myself still working at [Company] in two years' time

69%

2% above global average

I would recommend [Company] as a great place to work

85%

1% above global average

I am proud to work for [Company]

86%

1% below global average

[Company] motivates me to go beyond what I would in a similar role elsewhere

69%

2% below global average

The highest scoring question for Finance Oceania had 91% of people agreeing that they know how their work contributes to the goals of [company] (+0% compared to overall) while they were generally most positive about Work & Life Blend.


People in Finance Oceania were generally least favourable about Action, and were most negative towards 'When it is clear that someone is not delivering in their role we do something about it' with 16% of people disagreeing (+0% above average).

Which questions matter the most?

Different things are important to different cultures. If you want to make more of your people engaged then you need to know what is important your people. These questions are most important to keeping people engaged in Finance (Oceania) organizations.

1

[Company] really allows us to make a positive difference

74% favorable


The factor this relates most closely to is Social Connection

Which questions matter the most?

Different things are important to different cultures. If you want to make more of your people engaged then you need to know what is important your people. These questions are most important to keeping people engaged in Finance (Oceania) organizations.

1

[Company] really allows us to make a positive difference

74% favorable

Social Connection
2

At [Company] we act on promising new or innovative ideas

67% favorable

Innovation
3

I am appropriately involved in decisions that affect my work

74% favorable

Alignment & Involvement
4

[Company] is in a position to really succeed over the next three years

77% favorable

Company Performance
5

I have confidence in the leaders at [Company]

80% favorable

Leadership

How long do people stay?

In the short term, 15% of people in this benchmark are thinking of or actually seeking jobs elsewhere (-3% compared to overall) while on a longer time frame, 9% of people see themselves leaving within two years (-1% compared to overall).

The following questions had the biggest impact on whether individuals felt that they were planning to stay at their organization and not actively looking for alternative jobs.

1

[Company] is in a position to really succeed over the next three years

77% favorable

Company Performance
2

I have confidence in the leaders at [Company]

80% favorable

Leadership
3

At [Company] we act on promising new or innovative ideas

67% favorable

Innovation
Average Glassdoor ratings

We’ve connected the employee feedback data for each company included in the benchmark with ratings from Glassdoor.com, which is one of the world’s largest job and recruiting sites combined with a growing database of company reviews, CEO approval ratings and more.

Overall Rating

3.5 stars (-0.3)

Culture and Values

3.5 stars (-0.4)

Work Life Balance

3.7 stars (-0.1)

Compensation and Benefits

3.3 stars (-0.3)

Career Opportunities

3.2 stars (-0.3)

Recommend to Friend

68.0% (-3)

CEO Approval

87.0% (+3)

How does Finance (Oceania) compare?

Organizations in Finance Oceania tend to be very similar to the global all industries insights, with no significant departures from the average.

Insights data provided by Culture Amp. For a complete overview of 2021 Insights (Culture Amp Platform benchmarks) visit the Culture Amp Support Guide.

What makes Insights special? Gain a deeper understanding of how they work.

Learn more about Insights with Culture Amp’s benchmarks

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