Wellbeing tops big firms' concerns
Deloitte says the world’s top energy and resources companies rate wellbeing as the most important priority.
The latest Deloitte Human Capital Trends report found 85 per cent of the energy and resources industry leaders surveyed regard ‘wellbeing’ as important or very important to their organisation.
But the industry is struggling to redefine work to keep pace with the growth of artificial intelligence (AI), robotics and automation in the workplace.
Just 31 per cent of respondents felt ready to tackle the challenges, according to Deloitte, although 76 per cent recognise it as a priority.
Deloitte Australia energy, resources and industrials human capital lead partner, Julie Harrison, said the survey revealed issues with fly-in, fly-out (FIFO) work, globalisation, exploration and expansion in developing countries, and diversity and inclusion.
Ms Harrison said considering this, it is not surprising that employers are investing in wellbeing programs to improve productivity.
“The rapid expansion of these programs is reflective of wellbeing, as both a social responsibility and a talent strategy, becoming increasingly important,” Ms Harrison said.
“Yet in many areas gaps remain between what employees value most and what energy and resources organisations are delivering through comprehensive wellbeing programs – only half say they are ready to deliver effectively in this space. Safety of course remains the core cultural and wellbeing construct across energy and resources.”
“Interestingly, we see AI, Robotics and automation still rated relatively low by the industry, despite robotics in particular taking a significant foothold in the industry over the past 12 to 18 months.
“However, whilst many across the industry might be automating today’s processes, they won’t necessarily reap the real rewards available from redefining how work could be delivered in a fundamentally different way to drive greater productivity.”