Banks rank highly in advancing employees

Two of Australia’s biggest banks have been named the country’s best employers, based on data analysed by social media platform LinkedIn.

The Commonwealth Bank and NAB took out the top two positions in the platform’s top companies list, which was created by looking at different aspects of an employee’s career progression.

Data analysed included how employees were getting promoted and adding new skills, and gender diversity.

LinkedIn Career Expert and Senior News Editor Cayla Dengate said whether it was launching learning initiatives, such as upskilling staff in artificial intelligence, or flexible work arrangements, companies that were at the forefront in these areas not only attracted, but retained workers in rapidly evolving workplaces.

“Fourteen of the top 25 companies are new to the list in 2024, indicating a growing focus among employers on building long-term success with their employees,” Ms Dengate said.

“With the skills needed for a job in Australia set to change by 66 percent by 2030, due to the impact of technologies like AI, it’s now more critical than ever that companies invest in their people’s growth and enhance their skills.”

This year’s LinkedIn 25 top companies list in Australia is: