After a high calibre candidate rejected an employment offer with one of our clients based on the clients' response to the potential Superannuation changes, we decided to do some further digging! If the Superannuation increase was to be legislated and go ahead on 1st July 2021, increasing the Superannuation Guarantee Contribution (SGC) for all Australians by 2.5% over 5 years, how would companies fund it? What would be the positioning to their staff? And most importantly, what will be the financial and emotional impact for their employees?
Attached is the summary of our findings after speaking to over 50 organisations and 50 candidates in the Product, Pricing, Marketing and Digital community. It's covers:
How are organisations intending to respond if the SGC changes are announced as expected in the FY2022 Budget;
How employees want organisations to respond and the emotional and financial impact it may have;
Recommendations and considerations for organisations to retain and attract top talent; and
Recruitment predictions for FY2022 in Product, Pricing, Marketing & Digital.
This paper forms one of our many insights including: