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Lead non financial indicators1

 

Human capital | Service capital | Social and environmental capital


Human capital
Strategic objectives:

  • Improve employee attraction
  • Improve retention and commitment
  • Reduce workplace costs
Indicator
2004
2005
2006
2007
Latest Available
Employee turnover (total)2
17%
16%
17%
17%
19%
Employee commitment (% employees reporting a positive score)3
68%
69%
68%
71%1
71%1
Lost Time Injury Frequency Rate (Injuries per one million hours worked)2
7.07
5.77
5
4
3

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Service capital
Strategic objectives:
  • Improve customer service
  • Improve retention and loyalty
  • Increase share of wallet
Indicator
2004
2005
2006
2007
Latest Available
Customer satisfaction (Aust) – Consumer4 Source: Roy Morgan
69%
72%
70%
74%
75%
Customer satisfaction (Aust) – Business4 Source: TNS
64%
67%
66%
72%
77%
Complaints resolution rates (Aust)5 – Average (% complaints resolved within 5 days)
81%
83%
82%
82%
84%
Customer satisfaction (NZ) – Consumer6 Source: ACNielsen
55%
58%
58%
59%
61%
Customer satisfaction (NZ) – Business6 Source: TNS
51%
57%2
61%
565%
60%

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Social and environmental capital
Strategic objectives:
  • Improve social licence to operate
  • Improve regulatory and operational costs
  • Improve operational effeciency
  • Improve reputational capital
Indicator
2004
2005
2006
2007
Latest Available
Community contributions (Aust $m)
$42m
$44m
$47m
$47m
$52m
Greenhouse gas emissions (Equivalent tonnes of CO2 emissions)
136,400
124,500
111,0006
109,900
109,900
Paper consumption (Sheets/person)
9,500
10,100
9,600
8,900
8,900


NOTES:.


1. The annual Staff Perspectives Survey is conducted in June each year.


2. As at 31 March 2008


3. Figures from annual Staff Perspectives Survey (SPS) conducted in June of each year


4. As at 31 March 2008. Customer satisfaction figures examine the proportion of Westpac's customers (who consider the bank as their main financial institution) that are either 'very satisfied' or 'fairly satisfied' with their overall relationship. Customer satisfaction scores are reported on a 12-month moving average basis. Data is collected by independent providers being Taylor Nelson Sofres (TNS) for business results and Roy Morgan Research (RMR) for consumer results in Australia


5. Latest available information based on six months ended 31 March 2008.


6. As at 31 March 2008. Source: ACNielsen Consumer Finance Monitor Toplines 1st quarter (March 2008). ACNielsen implemented new survey methodology in the December 2007 quarter and comparatives for 2004–2006 are unable to be restated. ACNielsen performed a parallel survey at 30 September 2007 under the new methodology to provide indicative comparatives. The result for this survey was 47%.



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