bankmecu aims to continue to improve productivity and manage levels of staff turnover without losing customer focus. bankmecu’s turnover rate for continuing employees including full-time, part-time and casual staff for 2010/11 was 13.76% (2009/10: 18.45%).

Of continuing staff turnover, 70% were female and 30% were male. By location, 20% were employed in Western Victoria, 35% in Melbourne, 25% in Gippsland and 20% interstate. By age, 32% were aged under 30, 52% were aged 31-50 and 17% were aged over 51 years.

Figure 6g: bankmecu staff turnover in 2010/11 

Parental Leave

All continuing employees with more than 12 months continuous service are eligible for parental leave. Six female staff commenced parental leave since 01/07/10.

Seven female staff were due to return from parental leave after 01/7/10. Of these, 5 have returned and two requested to extend their parental leave for an additional period.

Twelve employees finished parental leave in the period 01/07/09 to 30/06/10. Of these, 3 were male and 9 were female. All of these employees returned to work at the end of their leave. All of the males returned to the same position as they held prior to commencing leave while two of the females elected to change their employment status to part-time or casual on return. Of the 12 employees reported, 89% of the females remain employed 12 months after the end of their leave compared to 100% of males.