South Australia based industry superannuation fund Statewide Super received the Korn Ferry Engaged Performance Award 2019 for employee engagement.
Tony D’Alessandro, Statewide Super chief executive, said he was proud of the 139 staff based in South Australia and the Northern Territory who service 147,000 members.
“The Korn Ferry Engaged Performance Award says a lot about the work that we’ve done to create a culture of pride in working at Statewide Super,” D’Alessandro said.
“When we started on the journey of engaging our employees, our satisfaction scores were 44% in 2016.
“Fast forward to 2019 not only is our score now at 78% but we have beaten a number of large Australian organisations to take out the national Engaged Performance Award in 2019.”
They were recognised for their community involvement and company initiatives including flexible working arrangements and the launch of a learning and development framework.
Super funds had a “tremendous month” in November, according to new data.
Australia faces a decade of deficits, with the sum of deficits over the next four years expected to overshoot forecasts by $21.8 billion.
APRA has raised an alarm about gaps in how superannuation trustees are managing the risks associated with unlisted assets, after releasing the findings of its latest review.
Compared to how funds were allocated to March this year, industry super funds have slightly decreased their allocation to infrastructure in the six months to September – dropping from 11 per cent to 10.6 per cent, according to the latest APRA data.