A cultural survey from the Australian Securities and Investments Commission (ASIC) has revealed seemingly widespread dissatisfaction among staff at the regulator, as reported by the Australian Financial Review.
The results of the survey — which was conducted in October 2023 — were partially revealed earlier this year. However, the full report was only recently provided to the Parliamentary Committee overseeing ASIC. This follows a 20-month Senate inquiry, which labeled ASIC a "toothless tiger" and suggested its breakup. According to the report, staff experienced significantly higher levels of stress than typical firms and indexed at just 20 out of 100 for motivation. Many employees expressed job insecurity and uncertainty about their roles, with only 36% feeling inspired to do their best work.
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