Over 3/4 Of HK Workers Seek New Jobs In Next Six Months
HONG KONG – A survey by a professional recruitment services company showed that there has been a wave of resignations in the Chinese territory with around 42 percent of staff having been at their present jobs for not more than two years and 76 percent of workers here are looking for new career prospects over the next six months, according to a press release published on PRNewswire on Thursday (23 June, SGT).
Moreover, Michael Page Hong Kong’s “Talent Trends 2022 Report” showed that while remuneration, bonuses, and rewards are still the top motivators for job candidates, some non-monetary benefits have become key considerations for job hunters.
In fact, 69 percent of the polled of Hong Kong workers are willing to forgo pay hike and/or promotion to attain happiness, improved overall well-being and better work-life balance. 80 percent also want a hybrid work arrangement that allows them to alternate between working from home (WFH) and working at the office.
“Human capital is one of the most in-demand resources, and demand far outpaces supply. Industries like Technology, and Healthcare and Life Sciences, continue to see tremendous demand for talent. We are witnessing individuals placing increased importance on company culture, a sense of purpose and leadership – ahead of company branding,” commented Mark Tibbatts, Managing Director of Michael Page Hong Kong & Taiwan.
Additionally, 63 percent of staff in Hong Kong have asked or will consider asking about a firm’s diversity, equity, and inclusion (DE&I) policy at interviews, and 34 percent of the respondents said a lack of clear DE&I commitment would prevent them from actively pursuing a job opportunity
Furthermore, the COVID-19 pandemic has changed priorities, with 69 percent of job candidates saying that they believe staff well-being and mental health should play a part in employee performance, measurement and appraisals.