Australian businesses are more worried about productivity than any other country in the region, according to Randstad.
The annual Randstad World of Work report has found Australians are also the least confident in their ability to overcome productivity challenges in the coming year, with only 5 per cent saying they are in an excellent position to improve workplace performance.
Only 17 per cent of businesses in Malaysia, Hong Kong and Singapore noted productivity as a major concern, and 19 per cent of Indian business leaders listed it as a primary challenge.
The research also highlights a fight for talent could be brewing within the Asia Pacific region. Managers in China (18 per cent), India (18 per cent), Malaysia (23 per cent), Singapore (22 per cent) and Hong Kong (26 per cent) all noted that finding staff to foster growth plans was the biggest challenge facing their business, and all were confident in their ability to attract employees.
This fact is not lost on local business leaders, with almost two thirds (63 per cent) saying they are concerned about attracting high calibre employees, while 67 per cent say they are worried about their ability to attract talented middle managers into their organisation.
Mike Roddy, strategic account Director of recruitment, Randstad, said while workforce productivity had been an issue facing business leaders for a number of years, the rapid growth of neighbouring economies means workforce issues need to be a primary focus for business leaders. “With Asia-Pacific economies and regional business sectors on a growth trajectory, the onus is on local business leaders to ensure their organisation is conducive to a productive, high performing and positive workforce,” he said. “This becomes even more important with the growing appetite amongst neighbouring countries for talented and motivated employees.
“With opportunities increasing for Australian workers to move within the region, local businesses are going to have to work hard to keep talent in the country. “With a skilled workforce key to maintaining productivity levels, workforce management needs to become a central business consideration in the coming year."