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New Tech (Australia) 2021

The new tech numbers tell a story of (mostly) young and fast-growing companies that are some of the most in-demand places to work in the world right now. But what makes a New Tech company is not their age, size or industry - it is their approach to business. All of our New Tech companies are disruptive at their hearts; often internet-based or focused on creating new technologies.

  • ~1.6m

    Questions answered
    in last 12 months

  • /
  • ~200

    Organizations

These insights represent ~1.6m questions answered from ~200 organizations, ranging in size from 10 to 1,400 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

  • Information Technology and Services

    41%

  • Computer Software

    39%

  • Internet

    18%

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.

75% of New Tech (Australia) employees are engaged

This is in the top 31% compared with the overall average.


The average eNPS score for organizations in this benchmark is 27 and is in the top 42% 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

63%

4% above global average

I am proud to work for [Company]

89%

2% above global average

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

85%

1% above global average

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

71%

Same as global average

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

67%

Same as global average

The highest scoring question for New Tech Australia had 93% of people agreeing that they understand how their work contributes to [company]'s mission (+0% compared to overall) while they were generally most positive about Work & Life Blend.


People in New Tech Australia were generally least favourable about Action, and were most negative towards 'When there are career opportunities at [Company], I am aware of them' with 17% of people disagreeing (+1% 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 New Tech (Australia) organizations.

1

The leaders at [Company] demonstrate that people are important to the company's success

77% favorable


The factor this relates most closely to is Leadership

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 New Tech (Australia) organizations.

1

The leaders at [Company] demonstrate that people are important to the company's success

77% favorable

Leadership
2

The leaders at [Company] have communicated a vision that motivates me

71% favorable

Leadership
3

[Company] is a great company for me to make a contribution to my development

75% favorable

Learning & Development
4

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

68% favorable

Innovation
5

I believe that my total compensation is fair, relative to similar roles at [Company]

57% favorable

Fairness

How long do people stay?

In the short term, 16% of people in this benchmark are thinking of or actually seeking jobs elsewhere (-2% 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

I believe there are good career opportunities for me at [Company]

62% favorable

Learning & Development
2

[Company] is a great company for me to make a contribution to my development

75% favorable

Learning & Development
3

I am happy with my current role relative to what was described to me

79% favorable

Alignment & Involvement
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

3.9 stars (+0.1)

Culture and Values

4.0 stars (+0.1)

Work Life Balance

4.0 stars (+0.2)

Compensation and Benefits

3.8 stars (+0.2)

Career Opportunities

3.6 stars (+0.1)

Recommend to Friend

76.0% (+5)

CEO Approval

89.0% (+5)

How does New Tech (Australia) compare?

Organizations in New Tech Australia 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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