Indeed, flexible hours (43%), education and training (34%) and bonuses (20%), continue to be popular for workers.
The report also found that 79% of employers do not plan to offer a wage increases in 2016 and of the 21% who will, 57% will offer modest increases between 2-5%.
Performance, local economic conditions and competition for talent (86%) are the major influencers for employers considering wage rises, while aligning wage rises with the Consumer Price Index (CPI) has just 14% of respondents using it as a reason for increases.
And with employee disengagement costing the national economy $54.8 billion annually, 76% of Australian workers are in two minds about their jobs, or are completely disengaged, said the report.
“It is well documented that disengaged workers are less profitable, less loyal, less safe, less innovative and less likely to stay,” said Lindsey Monroe Ruth, Head of Marketing at the Adecco Group Australia & New Zealand.
“This report clearly shows that employers need to address common pitfalls like lack of direction, relying too heavily on pay as a motivator, not recognising achievements or ignoring career progression and consider ways to enhance employee engagement.
“These could include articulating the organisation’s values, fostering behaviours that align with these values, showing gratitude, emphasising the positives and understanding what inspires their employees.”
The report also found that better opportunity (46%) is the major reason employees leave an organisation, followed by salary (20%) and lack of career progression (14%).
Learning and development is still a key benefit for employees, according to the new 2016 Adecco Employment and Talent Report.