Log in or become a subscriber

Employers shouldn't assume that low voluntary turnover rates mean they're under less pressure to enhance their employee benefits, a new report on best practices and emerging trends suggests.

Voluntary turnover rates in Australia have steadily declined in recent years, and currently stand at 11.9% – the lowest since 2021, according to Mercer's 2025 Australian Benefits Review, released today.

"With turnover rates stabilising, some organisations may assume this reflects employee satisfaction," the report says.

However, it points to an "urgency to rethink benefits", underscored by broader economic challenges of low productivity and wage growth...