Sydney,
20
October
2014
|
00:00
Australia/Sydney

Australia’s business confidence up

Salaries increase for 31% of businesses as business confidence rises 6%

Australian business confidence has increased over the past 12 months, according to global workplace provider, Regus. The survey, which canvassed more than 22,000 respondents across 100 countries, found business confidence in Australia has risen above the global average, and is now higher than many leading nations including the US, Canada and Japan.

Regus Business Confidence Index October 2014- Australia

 

Oct-14

Oct-13

Change

Global Average

114

113

1% 

Japan

109

102

7%

New Zealand

120

112

7%

United Kingdom

124

117

6%

Australia

118

111

6%

Canada 

113

114

-1%

United States

112

119

-6%

Source: Regus

Confidence levels continue to grow in many economies across the globe including the UK (6%), Japan (7%) and New Zealand (7%). Interestingly, the USA has reported decreasing levels of business confidence with a drop of 6% since October 2013.

Perth leads the nation as the most confident city on 128 points, following a 24% jump in confidence over the past year.

Regus Business Confidence Index October 2014 – Australian Cities

 

Oct-14

Oct-13

Change

National Average

118

111

6%

Perth

128

103

24%

Brisbane

117

108

8%

Melbourne

115

109

6%

Sydney

116

113

3%

Adelaide 

110

118

-7%

Source: Regus

The research also polled business on changes in salaries, employee benefits and flexible working. Overall, salaries increased for 31% of Australian companies, with 22% reporting increased benefits and 33% increased flexible working.

Small businesses are leading the way in terms of flexible working with just over one -third of SME’s (35%) reporting an increase, compared to 29% of large businesses. Smaller businesses also reported a greater increase in employee benefits (22%) than large businesses (17%).

Business Confidence Index October 2014- Changes to Employee Benefits

Over the past 12 months, our business has

Australia

Small Businesses

(0-50 Employees)

Medium Businesses

(49-250 Employees)

Large Businesses (250+ Employees)

Increased salaries

31%

29%

38%

32%

Decreased salaries

7%

8%

8%

2%

Kept salaries stable

63%

63%

55%

66%

 

 

 

 

 

Over the past 12 months, our business has

Australia

Small Businesses

(0-50 Employees)

Medium Businesses

(49-250 Employees)

Large Businesses (250+ Employees)

Increased employee benefits

22%

22%

26%

17%

Decreased employee benefits

12%

11%

12%

16%

Kept employee benefits stable

66%

67%

62%

67%

 

 

 

 

 

Over the past 12 months, our business has

Australia

Small Businesses

(0-50 Employees)

Medium Businesses

(49-250 Employees)

Large Businesses (250+ Employees)

Increased flexible working

33%

35%

26%

29%

Decreased flexible working

7%

6%

8%

11%

Kept flexible working stable

60%

59%

67%

60%

Source: Regus

CEO of Regus Australia and New Zealand, Paul Migliorini, said: “Australia’s solid growth in business confidence is good news for both companies and employees. With more businesses confident and positive in their outlook, it is encouraging to see that many are investing in employees through increased benefits: almost one -third of Australian businesses increased salaries over the past 12 months.

“It is interesting to see smaller more nimble companies outpacing large corporations to embrace flexible working and providing benefits. No doubt these businesses will reap the benefits of their investment in people and increased agility as they continue to grow.

“At Regus, our own experience reflects this, and we have seen rising demand across Australia for co-working and pay-as-you go workspaces to enable flexible working over the past year. With over 50 locations across Australia, and spaces ranging from drop-in business lounges to meeting rooms and video conferencing, we are helping companies turn confidence into reality – by finding smarter ways to grow their business.”

Boilerplate

Regus is the global workplace provider.

Its network of more than 1,800 business centres in 104 countries provides convenient, high-quality, fully serviced spaces for people to work, whether for a few minutes or a few years. Companies like Google, Toshiba and GlaxoSmithKline choose Regus so that they can work flexibly and make their businesses more successful.

The key to flexible working is convenience and so Regus is opening wherever its 1.8million members want support - city centres, suburban districts, shopping centres and retail outlets, railway stations, motorway service stations and even community centres.

Founded in Brussels, Belgium, in 1989, Regus is based in Luxembourg and listed on the London Stock Exchange. For more information, please visit:

http://www.regus.com.au