Some of these companies might not be well-loved by their customers, but that’s not the case when it comes to their employees.
LinkedIn has released its 25 Top Companies in Australia for 2019: Firms were measured across four pillars, employees’ interest in the company, the company’s engagement with employees, job-seekers interest in jobs at the company and turnover rate.
And guess who came out on top.
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Westpac has been named Australia’s top company in report, followed by the remainder of the Big Four banks NAB, ANZ and the Commonwealth Bank.
There’s a common thread: Australians want to work at ASX-listed retail giants, consulting firms, legal firms and real estate businesses.
Here are the top 25 best workplaces in Australia
1. Westpac – financial services
2. NAB – financial services
3. ANZ – financial services
4. Commonwealth Bank – financial services
5. Lendlease – construction
6. PwC – management consulting
7. CIMIC – civil engineering
8. Deloitte Australia – management consulting
9. Salesforce – internet
10. Amazon – retail
11. Woolworths – retail
12. KPMG Australia – management consulting
13. EY – accounting
14. CBRE – real estate
15. Wesfarmers – retail
16. BHP – mining and metals
17. Colliers International – commercial real estate
18. JLL – real estate
19. Qantas – airlines/aviation
20. Aurecon – design
21. MinterEllison – law practice
22. AGL Energy – utilities
23. Herbert Smith Freehills – law practice
24. IAG – insurance
25. Allens – law practice
Why do the Big Four banks dominate?
Westpac is praised for offering staff 20 days of paid leave if they’re impacted by domestic violence, while ANZ scores brownie points for its approach to office culture, hosting tennis matches, Diwali celebrations and smoke ceremonies in its foyer.
And at NAB, workers are given two paid days to spend volunteering, leading NAB staff to make up 25 per cent of the volunteers at last year’s Special Olympics.
So are they really great places to work?
The list comes as the major Australian banks grapple with the catastrophic fall-out of the Royal Commission which shone a light on poor cultures within all of the major firms.
An emphasis on volume of sales which put customer outcomes at risk was observed across all four banks, with commission arrangements for banks’ financial advisers officially given the boot in Commissioner Kenneth Hayne’s final report.
Just last week, a NAB worker lost her unfair dismissal case against the major bank after the bank accused her of funnelling $24,000 away in suspicious commissions to a real estate firm.
The former worker claimed she had been fired because she was Asian and pregnant.
Frontline bank tellers with the major banks may also disagree with LinkedIn’s judgment. Westpac promised to close 22 bank branches across the country in February this year, as mobile banking continues to threaten bank branches.
However, NAB committed in late March to temporarily stop closing rural and regional bank branches as residents and workers wrestled with drought conditions.
“This is a major win for our members and demonstrates that the NAB is finally starting to listen to its customers and staff,” the national secretary of the Finance Sector Union, Julia Angrisano said.
“Branch closures frequently leave bank staff with no alternative but to take redundancy because there is no local alternative for them to redeploy to another job with the same employer.”
The union is now calling on all major banks to follow NAB’s lead and stop closing bank branches in rural areas until early 2021.
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