• Contact
  • Feedback
Banking Day
ConfidentiallySpeaking.com.au Logo
High-impact negotiation masterclass | July 9 & 16, 2025 | 5:00pm - 8:30pm
This high-impact negotiation masterclass teaches practical strategies to help you succeed in challenging negotiations.
Register Now
  • News
  • Topics
    • All Topics
    • Briefs
    • Major Banks
    • Authorised deposit-taking institutions
    • Insurance, funds and super
    • Payments, mobile & wallets
    • Consumer lending
    • Mortgages
    • Business lending
    • Finance regulation
    • Debt capital markets
    • Ratings agencies
    • Equity capital markets
    • Professional services
    • Work & career
    • Foreign news
    • Other topics
  • Free Trial
  • Subscribe
  • Resources
    • Industry events
  • About us
    • About Banking Day
    • Advertise
    • Feedback
    • Contact Banking Day
  • Search
  • Login
  • My account
    • Account settings
    • User Admin
    • Logout

Login or request a free trial

Banks should scrap engagement surveys, consultant says

22 July 2016 4:28PM
Management consultant Sue Jauncey believes that one reason banks are taking a battering over their culture is because they are measuring the wrong thing.Jauncey, a registered psychologist, is the founder of Pulse Australasia, a firm that has done a lot of its work with government and the healthcare industry.Jauncey said it is common for large organisations to get a picture of how well their cultural goals are taking root by surveying staff engagement. "Today's dominant HR and leadership focus is heavily centred on staff engagement, with managers advised to measure engagement levels, because a happy and connected workforce is thought to be the way to increase results," Jauncey said.Jauncey said the problem with engagement surveys was that they focused on how the individual was having their needs met within the organisation."Engagement feeds into entitlement. It does not change behaviour," she said.Jauncey, who has worked with ING Direct and a Commonwealth Bank superannuation fund, said banks have to measure the actual behaviour in groups."The sorts of questions leaders should be asking are whether staff are able to execute their roles effectively and whether their team is achieving its objectives," she said.Jauncey agrees with the argument that there is too much emphasis on remuneration. "If people are unsatisfied it is not usually about money. It is about not being productive."

I'm a returning subscriber

*
Password reset *
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day
ConfidentiallySpeaking.com.au Logo
High-impact negotiation masterclass | July 9 & 16, 2025 | 5:00pm - 8:30pm
This high-impact negotiation masterclass teaches practical strategies to help you succeed in challenging negotiations.
Register Now

Consumer lending

  • Latitude, Harvey Norman liable for interest free GO card con

Copyright © WorkDay Media 2003-2025.

Banking Day is a WorkDay Media publication

WorkDay Media Unit Trust

  • Privacy policy
  • Terms of access and use