According to government statistics, Hong Kong’s workforce has lost about 140,000 people in the past two years, many of whom are university graduates and corporate executives. How to capture or retain talent has become a hot topic. A survey found that although 65% of SMB employees surveyed are satisfied with their current company, nearly a third of them are still considering changing jobs. Of these, 77% believe employee benefits are the key factor in the decision to stay, and the most attractive benefits for employees are year-end pay, medical benefits and vacation.
From September to October last year, Prudential conducted an online questionnaire on “Worker Happiness”, interviewing a total of 600 employees of small and medium enterprises in Hong Kong and 300 employees of large enterprises in Hong Kong. Loyalty is high, but less than half of the SMEs surveyed plan to stay with the company long-term. The survey also found that although 65% of SMB employees surveyed are satisfied with their current company, 32% of respondents are still open to new job opportunities or are actively looking for new jobs.
The most important remuneration and allowances
When considering whether to quit or quit a job, 77% of SMB employees surveyed believe employee benefits are the key considerations. The most attractive benefits include: remuneration and allowances, such as year-end payments, bonuses for services to long-term transportation allowance and employee training allowance (94%); employee protection, such as medical benefits, retirement protection, and insurance plans such as life insurance, critical illness, etc. (89%); holidays, such as paid annual leave, special leaves such as maternity/paternity leave, exam leave, birthday leave (86%).
The survey also shows that only 62% of the employees of the small and medium-sized enterprises interviewed said that their company provides medical insurance, much lower than the 83% of large enterprises; Only 47% of small and medium-sized business employees enjoy insurance plans provided by their employers, such as life and critical illness. Their satisfaction with medical insurance is the lowest of many benefits, reasons include low claim amount and limited coverage.
Ng Shiya, chief market development and insurance partner marketing director at Prudential, said there are currently more than 350,000 small and medium-sized enterprises in Hong Kong, accounting for 98% of Hong Kong and employing about 45% of private sector employees. . Therefore, the performance of small and medium-sized enterprises is particularly important to Hong Kong’s economy. Customs clearance between China and Hong Kong will come soon. Wu Shiya believes this is good news for industry and small and medium-sized enterprises. He will help import talent. In line with the government’s plan to secure talent, it is expected that there will be many favorable factors this year to increase the supply of talent. The group also plans to hire an additional 2,000 frontline staff.
Originally released on AM730 https://www.am730.com.hk/Local/Survey – A third of wage earners are considering changing jobs – Nearly 80% say the benefits will affect whether or not they stay / 355900?utm_source=yahoorss&utm_medium= referrals