Stockland Corporate Responsibility and Sustainability Report

Valuing our people

Employee metrics

Stockland workforce

FY09

Full-time (including fixed-term)

1,191

Part-time (including fixed-term)

122

Casual

21

Total

1,334

FTE

1,263

Stockland workforce - number of employees

Stockland workforce - number of employees

Stockland workforce 

FY09

FY08

Permanent full-time

1,171

1,230

Permanent part-time

122

104

Fixed-term full-time

20

13

Fixed-term part-time

0

2

Casual

21

26

Total

1,334

1,375

Stockland workforce - by contract

Stockland workforce - by contract

Stockland workforce

FY09

Australia

1,236

UK

98

Total

1,334

Stockland workforce by region

Stockland workforce by region

Gender and age profile (number)

 

 

 

Age

Women

Men

Total

<30

221

151

372

30-39

269

259

528

40-49

106

158

264

50-60

57

68

125

>60

20

25

45

Total

673

661

1,334

Gender and age profile (%)

 

 

Age

Women

Men

<30

16.6%

11.3%

30-39

20.2%

19.4%

40-49

7.9%

11.8%

50-60

4.3%

5.1%

>60

1.5%

1.9%

Total

50.4%

49.6%

Proportion of women in management (number)

 

 

 

Job Band

Women

Men

Total

Executive Management

2

6

8

Leadership Team

5

28

33

Senior Management

31

96

127

Management

121

186

307

Professional/Technical

208

246

454

Employee

306

99

405

Grand Total

673

661

1,334

Proportion of women in management (%)

Job Band

FY06 Women

FY06 Men

FY07 Women

FY07 Men

FY08 Women

FY08 Men

FY09 Women

FY09 Men

Executive Management

 33

 67

 33

 67

 33

 67

 25

 75

Leadership Team

 10

 90

 14

 86

 16

 84

 15

 85

Senior Management

 20

 80

 20

 80

 23

 78

 24

 76

Management

 33

 67

 33

 67

 35

 65

 39

 61

Professional/Technical

 53

 47

 49

 51

 49

 51

 46

 54

Employee

 83

 17

 80

 20

 81

 19

 76

 24

Total

 52

 48

 51

 49

 52

 48

 50

 50

Gender profile

Median age of employees

Gender and age profile

Overall women in management

Average fixed remuneration (FTE) by gender and job band

Gender profile

Median age of employees

Gender and age profile

 

Overall women in management

Average fixed remuneration (FTE) by gender and job band


Ethnicity

FY09

Australian

66%

Maori and New Zealand

3%

European (British, north-west, central, southern, eastern)

12%

Asian (south-east, north-east, southern and central)

8%

North American

1%

Other

4%

Percentages are based on employees who responded to these questions in the ISR survey. 94 per cent of employees provided a response to these questions.

Employee turnover

In the reporting period, rolling regretted turnover has trended downward to 10.5 per cent at year end, compared to an initial target of 12 per cent. Whilst initiatives to further improve career planning and professional development have contributed to the reduction in regretted turnover, the economic downturn has contributed to improved retention. By analysing the 'Our Voice' employee survey results, we identified that employee wellbeing is strongly correlated with regretted turnover. That is, the higher the level of wellbeing, the lower the level of turnover. Over the next 12 months we will focus on initiatives to improve employee wellbeing, which we hope will further reduce regretted turnover.

Extensive organisational restructuring has resulted in a 13 per cent reduction in our workforce during the reporting period. Our total rolling turnover has increased to 28.3 per cent as a result of this restructuring and associated employee exits. A change management program aimed to ensure that all employees affected by these changes were treated fairly and respectfully. In addition to receiving severance payments made in accordance with our redundancy policy, all exiting employees were provided with access to a specialist career transition support program.

Turnover

Turnover by age group

<30

30-39

40-49

50-60

>60

No. exits

99

153

79

34

4

Headcount (at 30/06/08)

346

477

234

115

26

Turnover by gender

Male

Female

No. exits

166

203

Headcount (at 30/06/08)

644

649

Turnover rate

26%

31%

Overall turnover

Australia

UK

No. exits

369

24

Headcount (at 30/6/08)

1,236

98

Turnover rate

29.9%

24.5%

Rolling turnover*

Regretted

Non-regretted/ Stockland initiated

Total turnover

Regretted

13%

13%

10.5%

Non-regretted/Stockland initiated

8%

13%

17.8%

Total turnover

21%

26%

28.3%

Notes: Rolling turnover is calculated using rolling monthly figures. End of year turnover is calculated by dividing the total number of exits over the year by the end of financial year headcount. The FY09 head count includes permanent employees only.

Ethnicity FY09

Ethnicity FY08

Rolling turnover

Absentee rates