Engagement

Our approach

Respecting and ‘valuing every voice’ is one of our core values and essential to the growth and success of our business. We believe that motivated, engaged and knowledgeable employees will provide the best service for our customers and contribute to the long term success of our company.

We listen and act on employee feedback and constantly find new ways to improve our culture and environment so that ANZ is a truly great place to work.

Key elements

Measuring engagement 

Our annual My Voice employee survey tracks our people’s perceptions of our customer focus, leadership, teamwork and collaboration, quality focus and general working environment. The results identify specific areas where we can take action to improve our products and service, further inspire and engage our people.

The independently administered confidential survey measures employee engagement and commitment, perceptions of actions taken to address feedback in previous years and engagement amongst different demographic groups such as gender, age, ethnicity, cultural background, disability, religion, sexual orientation, marital status and caring responsibilities.

Following the survey, actions plans are developed at Group, Divisional and local levels to address survey feedback, and progress is reported regularly to ANZ’s Management Board.

Our results

2013 results

2013 results

My Voice Employee Survey Results at ANZ 2013

Employee Engagement

This assessment defines the extent to which employees are motivated to contribute to an organisations success. An engaged employee is satisfied, intends to stay, has pride in the organisation and is willing to act as an advocate for the organisation. 

72%

Performance Excellence Index

This assessment has consistently been shown to predict business performance. Survey items include commitment to customer service, product quality, employee involvement, training and teamwork. 

78%

Behaviour Change Index

This assessment measures perceptions of action taken to address employee feedback and its impact on engagement.

72%

Participation

77%

All figures reported are accurate as at end September 2013

2012 results

2012 results

We encourage high participation in the annual 'My Voice' employee survey - 40,507 people (71%) provided their ideas and feedback in the 2012 survey. The survey was completed by employees from across 32 countries - every country in which ANZ operates had their say.

Our results showed Employee engagement levels steady at around 70% - consistent with the banking sector average, but short of our goal to be best in class. Importantly, the survey showed our people's assessment of our commitment to customer excellence, measured through the Performance Excellence Index, is up from 73% to 75%. Other key findings include:

  • 84% of employees feel their manager demonstrates through action the importance of customer service
  • 79% believe ANZ is creating a workforce that is open and accepting of individual difference
  • 76% believe their opinions count
  • 80% believe their manager enables them to effectively manage their work and life commitments.

Engagement of women overall is equal to men; while engagement among our most senior women increased from 75% to 82%.

To ensure that we achieve real improvements, this year we will adopt a bank-wide approach to addressing the priorities which staff have consistently told us will make ANZ a better place to work and to bank. This means focusing our collective efforts on high priority areas, where we can make the biggest difference.

Our CEO, Mike Smith shared Management Board's three priorities for action in response to our My Voice results with all employees in July. These are:

  • Building a customer-centric and connected culture, commencing with the introduction of a refreshed and consistent set of ANZ values and behaviours to help build a more customer focused, collaborative and action-oriented ANZ.
  • Having inspiring and values-led leaders, through a renewed focus on leaders bringing the refreshed values and behaviours to life in their teams through discussion and by using them to guide actions and decisions.
  • Promoting a vibrant and inclusive workforce, commencing with the introduction of the ANZ Blueprint to ensure all of our people have a clear and consistent understanding of our strategy, the progress we are making and the role of each individual and team in delivering our goals ANZ is already taking action in these areas.

ANZ's people strategy focuses on building the 'best connected, most respected people in banking'.

A new People Strategy was developed and introduced in 2011 to ensure we are building the employee foundations necessary for the long term success of our business and brand. The strategy describes the skills, capabilities and culture we need to deliver our super regional aspiration. The engagement survey (and specific questions within it) are among the metrics that will be used to monitor and measure progress in building a customer-centric and super regional culture; inspiring leaders; and a vibrant, diverse and inclusive workforce.

2011 results

2011 results

We set a target to increase overall Employee Engagement from 64% in 2010 to 68% in 2011, and we exceeded that target reaching 70%. 

We encouraged high participation in the My Voice survey and some 40,000 employees globally completed it in May 2011.

This year's survey results have shown that our employee's experience working for ANZ has improved across almost every measure. Importantly, the survey showed our people's assessment of our commitment to customer excellence, measured through the Performance Excellence Index, is up from 68% to 73%.

We act on employee feedback. Through our 2010 My Voice survey, our people told us they wanted to better understand their role in achieving our super regional goals and how they can further develop their career at ANZ. In response we:

  • Held our first Super Regional Week in April to help employees understand how to make connections and share information to help realise the full potential of our strategy, this was complemented by an ongoing speaker series and a "sister branch" program connecting our branch employees in Australia and New Zealand with their colleagues throughout Asia and the Pacific.
  • Introduced the ANZ Leadership Pathway in December 2010, which is a series of training programs to help our people at all levels develop their leadership capabilities and careers with us.
  • Launched the new competency framework in February 2011 describing the capabilities we need to further develop our people and to assist employees and their managers shape career development plans and deliver on our super regional strategy.
  • Made improvements to our parental leave and flexibility policies which were launched last October in response to feedback that balancing work and life commitments is an important priority for many of our people.

A new People Strategy was also developed and introduced in 2011 to ensure we are building the employee foundations necessary for the long term success of our business and brand strategy.

The People Strategy describes the skills, capabilities and culture we need to deliver our super regional aspiration. The engagement survey (and specific questions within it) are among the metrics that will be used to monitor and measure progress in building a customer-centric and super regional culture; inspiring leaders; and a vibrant, diverse and inclusive workforce.

The future

While we've made real progress to improve employee engagement, we still have more to do. Our goal is to continue to improve both these measures to meet global 'best in class' standards. We will do this by focusing on the most important issues for our employees. These include:

  • Doing more to help our people progress their careers with us, building a vibrant and diverse workforce and a strong pipeline of future leaders. This will include increasing access to roles across divisions and geographies through formal, group-wide and consistent "People Planning" processes and improved employee mobility policies and practices.
  • Strengthening integration of our values into everything we do, including our performance assessments of our leaders.  
  • Supporting more of our people to complete Leadership Pathway programs, to enhance collaboration and teamwork and improve leadership ability to inspire and energise our teams.
2010 results

2010 results

More than 29,000 employees globally participated in the 2010 My Voice employee survey. Employee engagement (how employees feel about working at ANZ) is 64% favourable a slight decline on our employee engagement score of 66% in 2009. For the first time in 2010 we measured 'performance excellence' (our level of commitment to product and service quality) and recorded a 68% favourable score.  

The future

Recognising the strong links between employee engagement, customer satisfaction and business performance, our focus in 2011 is to improve our group-wide employee engagement performance from 64% to 68%. Senior leaders and line managers are responsible for owning and actioning their My Voice survey results. This means actions will be tailored to address local issues so they can really make a difference.

2009 results

2009 results

More than 23,000 employees globally participated in the 2009 My Voice employee survey (or 52% of all staff) which revealed employee engagement at 66%. While we cannot directly compare our results with those from the previous survey, due to a change in the service provider and new survey format, we are able to compare our results to the industry average.

At 66% employee engagement, our result comes in slightly below the average score  for other global financial services companies (71%) and below the benchmark for the sector's high performers (75%).

The survey measured the four key components of employee engagement and found that 64% of staff are satisfied with ANZ as a place to work (satisfaction); 54% rarely think about looking for a new job with another company (commitment), 71% would gladly refer a good friend or family member to ANZ for employment (advocacy) and 75% are proud to say they work for ANZ (pride).

The survey also took a measure of staff opinion about how well we are performing as an organisation (performance excellence). 63% of ANZ staff strongly agreed or agreed with the statement, "As a customer of ANZ, I would be extremely satisfied with the quality of the products and services I receive."

The future

ANZ's My Voice engagement survey will be conducted for the second time in its new format in 2010, allowing a year-on-year comparison of results, and an expansion of the issues surveyed. The results will help identify specific actions that can be taken both at an organisation-wide and local level to address opportunities and issues. Progress reports on these actions will be reported quarterly to ANZ's Management Board.