Skip to content
  • BE CERTIFIED
    • Step 1: Self-Assessment
    • Global Standards
    • Why Certify
    • How to Certify
    • Certified Employers
    • Frequently Asked Questions
  • BE EDUCATED
    • Case Studies
    • Articles
    • Events
    • Podcast
    • Employer Guide
    • Reports & Research
    • Inclusive Leadership Series
    • 2024 National Working Families Survey
  • About Us
    • Our Team
    • Consultancy Services
    • Family Friendly Workplaces Media
    • Contact Us
  • BE CERTIFIED
    • Step 1: Self-Assessment
    • Global Standards
    • Why Certify
    • How to Certify
    • Certified Employers
    • Frequently Asked Questions
  • BE EDUCATED
    • Case Studies
    • Articles
    • Events
    • Podcast
    • Employer Guide
    • Reports & Research
    • Inclusive Leadership Series
    • 2024 National Working Families Survey
  • About Us
    • Our Team
    • Consultancy Services
    • Family Friendly Workplaces Media
    • Contact Us
Self-Assessment
Contact Us

About Netwealth

Why is Netwealth committed to be a family friendly workplace?

Netwealth is aimed at creating a diverse and inclusive environment to create a brighter future for all staff. When our staff feel supported to bring their whole self to work and have the flexibility to balance their family caring and work commitments, they can thrive and reach their full potential.

 

Our diverse workforce is our biggest asset and having an inclusive and agile workplace allows us to embrace diversity and continue to strengthen our support for families, allowing us to attract, develop and retain the best people. It allows our people to be agile, collaborative, curious and courageous while we continue to grow and be a market leader in the wealth management space.

 

Netwealth are committed to a family friendly workplace to strengthen our culture and maintain high employee engagement and satisfaction whilst still retaining high performance. We understand that balancing career and family responsibilities comes with joys and challenges, so we seek to create a supportive, caring, flexible and inclusive workplace for families, where our people can integrate work and family life whilst managing their wellbeing.

 

We are looking to play a role in shifting gender equality and breaking stereotypes and barriers, through supporting working families and empowering and providing men with access to caring responsibilities such as parental leave. In addition, we are continuing to improve and enhance our existing policies and initiatives to better support those employees with caring responsibilities to have a sustainable work life balance, by implementing best workplace practices that acknowledge the diverse needs of our workforce

Point of Difference

Share a family friendly workplace initiative that your organisation excels with and the impact it is having on the workplace culture?

The pandemic created a shift in the traditional workplace practices Netwealth had in place. It enabled us to enhance our workplace practices and create an agile and flexible working environment, whilst providing additional resources, which included:

  • Employees were provided with equipment, software, hardware to enable them to work from home
  • Ergonomic assessments of at homework station and access to ergonomic equipment to support remote working
  • Training on communication software technologies, hardware and WHS practices working from home
  • Implementation and updated flexible leave policy
  • Several working arrangements including flexible work hours (to accommodate for home schooling and caring responsibilities), compressed hours, job sharing, change of work pattern (full time to part time)
  • Access to 2 weeks additional pandemic leave
  • Converting all face-to-face learning to interactive online during the pandemic
  • Introduction of new Employee Assistance Program
  • Resilience and wellbeing workshops
  • Online group PT classes
  • Recharge days for staff
  • Bonus leave days for staff who take accrued leave
  • Virtual holiday KidsCo program during lockdown

 

Parental leave

  • Up to 24 months of unpaid
  • Flexibility to take leave at any time during the 24-month period
  • Ability to take leave periodically, spread across 24 months
  • Access to the parental payment and unpaid leave for non-primary carers for 24 months
  • Paid superannuation for 12 months during unpaid leave period
  • Up to 12 weeks leave for still-births and miscarriages
  • Netwealth Carer’s group – The Netwealth Carer’s group is open to all staff with caring responsibilities be that caring for children, elderly family members or people living with a disability. We offer a peer support environment where staff can meet to chat and discuss the joys and challenges that come with being a carer.

How

How have you seen people respond to this initiative?
  • Employee engagement has remained high at 79% (from our annual engagement survey)
  • Work and Life Blend has improved by 9% since 2019 (from our annual engagement survey)
  • Increase in fathers accessing parental leave
  • Internal promotions and movements which has enhanced development
  • Stable retention rates
  • Increased in employees having a formal flexible working arrangements (including rural and interstate moves)

Outcomes

What are some of the business benefits you see from being a family inclusive organisation?

One of the key benefits we have seen is engagement in wellbeing initiatives over the past 12 months. Our steady retention rates are attributed to increased development opportunities, an overhaul of our parental leave policy (which has seen an increase in males taking leave for longer) and enhancing our benefits, e.g hybrid work practices. Our Executive understand that life changes when you become a parent or carer. This is why we have updated and enhanced our policies and implemented best practices to ensure we have the best available support for our people.

 

With our family friendly initiatives, we can empower, reward and develop our people, by providing the freedom to be innovative and the ability to work flexibly and providing many benefits for all those in the organisation.

Employee Story

Nathan O’Mara, Senior Product Owner

 

Father of 2, Nathan O’Mara, shares his experience working with Netwealth.

 

“Having a family friendly workplace reduces the stresses associated with caring responsibilities. Over my time at Netwealth, the Board, the Executive and People & Culture team have continually evolved and improved the support afforded to those with caring responsibilities. Being a family established and owned business, the culture at Netwealth is very focused on providing support and flexibility, and giving people the time and resources to assist with caring responsibilities.

 

Whether it be flexible working hours, paid parental leave, or the in-house childcare on school holidays, Netwealth is proactive about being a family friendly workplace. These formal structures and support mechanisms are backed by a family friendly culture which has led to a staff-led Carers group which meets weekly and provides support and resources to those in need.”

From Our Leaders

"At Netwealth, we know that our greatest asset is our people, and that the diversity of our people is our biggest strength, being a family friendly workplace is critical to that. As a father with 3 young kids including 4 y.o. twins I understand firsthand the challenges families face and the importance of flexibility. Becoming a family friendly accredited workplace means an ongoing commitment to our staff to continue to drive, empower and build practical workplace initiatives that can assist them in their work/life balance. We appreciate that each family at Netwealth has a different set of circumstances and needs, and all deserve a family friendly workplace. Our family friendly practices create innovation, flexibility, and development opportunities to ensure that we are able to build a brighter future together."

Matt Heine, Joint Managing Director | Netwealth
Follow the Family Friendly Workplaces on LinkedIn to get latest news, case studies and events information
JOIN OUR COMMUNITY
Contact
  • info@familyfriendlyworkplaces.com.au
Follow Us:
Linkedin X-twitter
Media enquiries

Please contact: 

  • Nicki Ferguson: +61 425 572 774

Family Friendly Workplaces acknowledge and pay respect to the past, present and future Traditional Custodians and Elders of this nation and the continuation of cultural, spiritual and educational practices of Aboriginal and Torres Strait Islander peoples. Read our Voice of Reconciliation Statement here.

© All rights reserved

Keep up with best practice case studies, events, research reports and interviews

Keep up with best practice case studies, events, research reports and interviews